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 Replies: 62 / Views: 9,368 |
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Pillar of the Community
United States
7390 Posts |
GR... (Jedi hand wave) ...This is not the thread you're looking for  Edited by Cascade
01/28/2016 1:49 pm
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Pillar of the Community
 United States
3789 Posts |
Its pretty clear that 99.9 of folks buying silver and gold coins are doing it as an investment and then as a collection.
I am talking from the viewpoint of a speculator, which is neither of the two.
To me it is simple and clear. If you are buying something with the intention of seeing it become worth more later on and yet your first initial purchase has you underwater, that what you bought is now less, well then you are wrong because you have a loss, even if you havent sold. simple.
a good investment or purchase starts with a profit, not a loss.
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Bedrock of the Community
United States
11951 Posts |
Cascade
I think your right.
I think ... Get as much silver and gold as you can.
The ones who have the most when you die wins.
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Pillar of the Community
United States
2189 Posts |
Quote:
a good investment or purchase starts with a profit, not a loss.
Yup you've been bashing gold & silver for a few years now and there's nothing wrong with that especially when you've been right. Can you change the pace a little and tell us what your buying that generates an instant profit. |
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Pillar of the Community
Russian Federation
5172 Posts |
Quote:
To me it is simple and clear. If you are buying something with the intention of seeing it become worth more later on and yet your first initial purchase has you underwater, that what you bought is now less, well then you are wrong because you have a loss, even if you havent sold. simple.
a good investment or purchase starts with a profit, not a loss. Would you have recommended buying silver in February/March 2011 (when it was at $40/ounce)? There was obviously still a bit to go until the peak (around 45-50, don't recall), and almost as obviously that peak was going to get down sometime (indeed, didn't take long for the prices to get back down to 30-35). Your description is reasonable for short-term speculation, but using it for anything longer is silly. And I rather doubt that any significant amount of the people that buy silver today (or indeed in February 2011) intend to sell it a month later (as opposed to keeping it for several months, or more likely several years). From my own perspective, though, the situation is simple. Now that I can finally afford a 1 oz silver coin, I'll probably go and buy one (or two), or at least a crown sized silver; after all, there's no guarantee that the downtrend won't already reverse by the next time I get near a coin shop, and I'd rather not lose the one opportunity. Maybe, if the price is reasonable enough, I'd even finally get a Morgan dollar. |
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Valued Member
United States
487 Posts |
They say - The best time to purchase or procure any one thing whether it be stocks, bonds or commodities is when everybody is looking for the fire exit. That is how I look at buying precious metals. Buy what you can afford and sit on it. What else are going to do with your cash put it in a savings account that yields you .10%. Don't see the logic of that. |
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Pillar of the Community
United States
7390 Posts |
That is an ad lib of Warren buffets investment adage...
"Be fearful when people are greedy.. and greedy when people are fearful"
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Pillar of the Community
United States
3644 Posts |
Amen cascade amen! Warren is my daddy-he told me to buy Wells Fargo and General Electric back In 2009 when there was 'blood in the streets' and that didn't hurt my pocket all that much lol. Some that sold in that downtrend and swore off the market will never recoup their losses and many were near or at retirement age. Jasper there are some that will never tell you what they are buying for fear it will take a loss then they have to explain there way out of it. Some people are winners everyday in the land of oz  Edited by Slamnbass
01/30/2016 1:39 pm
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Pillar of the Community
United States
2189 Posts |
Quote from Slamnbass Quote:
Jasper there are some that will never tell you what they are buying for fear it will take a loss then they have to explain there way out of it. Some people are winners everyday in the land of oz I just thought with the constant bashing of gold & silver he would be willing too share the right commodity's to buy that have an instant profit. Quote from yup Quote:
a good investment or purchase starts with a profit, not a loss. Edited by jasper62
01/30/2016 6:44 pm
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Bedrock of the Community
United States
11951 Posts |
It is crazy to think you can only make money when what your
buying is trending up.
It has nothing to do with what the item (silver) does once
you buying it, only what it has done once you sell it.
I know lots of people that bought silver and gold when it was low and sold years later when it was high.
If one buyer buys only on the way up, say .. $12 then $15
the $20 .. and sells at $30.
Another buyer buys all the time like going down, buys at $20
then at $15 then $12 ... that same buyer will keep buying
on the way back up .. buys more at $15 .. more at $20
If both sell at $30 ... The only difference on who will make
more ... is what volume was bought. If both buyers bought the same amount at each price point .. they made the same
amount.
I feel the buyer that buys all the time .. will end up with
more volume (more oz.) But income level will play a big part
of how much each buys.
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Valued Member
United States
311 Posts |
Just bought another roll or Eagles today! My only fear is that it may go down some more and I'll want to buy more tomorrow!!
I do have a serious question; for those just buying silver to have silver and not as much for its numismatic value... Are there drawbacks to buying generic rounds as opposed to eagles or maple leafs or whatever else there are produced for government mints?
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Pillar of the Community
United States
3644 Posts |
It's easy to bash something that's been goin down for months or years isn't it tho? Also easy to praise something and call it a solid after it's been in an uptrend right? Congrats on another eagle roll purchase cj! I say load it up down here...hey it's also one of the few investments you don't have to worry about going to zero or going bankrupt for that matter good luck-don't be afraid just a have a solid conviction and believe in what your buying  Edited by Slamnbass
01/30/2016 8:22 pm
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Pillar of the Community
United States
3789 Posts |
Jasper, this isn't bashing. I personally have no emotional to any asset, whether it goes higher or lower, its all the same to me.
As far as commodities, they are all in a downtrend and are not to be bought. The trade has been to sell them short and that has been going on for a while now.
The point remains. Anyone who was buying silver from even a year ago is underwater and its even worse for anyone who has been steady buying since the downtrend started.
... and yes, a good investment, because that is what most here are buying silver and gold for, starts off with a profit, not a loss. Its unfortunate that everyone thinks there is fear and panic in gold and silver but that isn't true. One day silver and gold will be worth buying but that is not the case right now. It is a waste of good money.
Edited by yup7676
01/30/2016 10:05 pm
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Valued Member
Australia
491 Posts |
To trump the investment angle that is being thrown around.
Take buying 200 small plants for $2 each that have a great resell value at flowering size. Grow them on for 12 months in a sub tropical climate and sell them for $35 each.
Cost to look after them for 12 months is tap water only and I have had no losses.
So plants are not a commodity?
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Valued Member
United States
343 Posts |
What a crazy carousel.
Don't buy silver, leave it there for me to buy.
Edited by SpaceMaNy0
01/31/2016 09:46 am
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Replies: 62 / Views: 9,368 |
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Posted 01/28/2016 1:49 pm
