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 Replies: 76 / Views: 7,156 |
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Valued Member
 Spain
134 Posts |
"Be fearful when others are greedy, and be greedy when others are fearful" Warren Buffet
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Pillar of the Community
Canada
1502 Posts |
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"Be fearful when others are greedy, and be greedy when others are fearful" Warren Buffet hard to do in the internet age, where both the greedy and the fearful are very vocal, at the same time, all the time. |
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Valued Member
Spain
134 Posts |
Well, it's always good to know what everyone has to say...  |
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Pillar of the Community
United States
4008 Posts |
It would be difficult to successfully argue a financial point with a guy who is a self-made billionaire. That seems a pretty good financial qualification.  |
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Valued Member
United States
302 Posts |
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hard to do in the internet age, where both the greedy and the fearful are very vocal, at the same time, all the time. Not hard at all. Just watch prices. Prices mirror the ratio of fearful to greedy people. Always buy low (people are fearful) and sell high (people are greedy). |
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Bedrock of the Community
United States
10038 Posts |
I may be totally wrong, but my personal "feeling" (please note that word - it qualifies this post as nothing but speculation) is that one factor which might be driving the PMs down is the psychological factor of the economy and the effects this time of year has on it. Christmas is always a time of hope and cheer for most people. We have temporarily forgotten the insane miseries of what has happened in the economy (at broad and here in the US).
Wait until the new healthcare take-over kicks in this coming year. The economy will sink further (research - not feelings on this one!) and people will be looking for more security. Hence, if the market truly is NOT manipulated, then I think PMs will rise.
I also believe if there is a shift to the other side in the next major election, then the economy/hope of healing may be prevalent and the PMs's values will lower. Anyone who researches history's lessons about how an economy excels will know spending what you do not have will cause failure. However, if we have gotten to the point where no matter what elected officials are in office, that they will not address the fiat money issue, then PMs will (by definition) have to rise as the fiat money becomes worth less and less.
How much squash could a Sasquatch squash if a Sasquatch would squash squash? Download and read: Grading the graders Costly TPG ineptitude and No FG Kennedy halveshttps://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2 |
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Valued Member
Spain
134 Posts |
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Christmas slump, expect the prices to rise once people have some spare cash in february/march Quote:Yup, I agree,  Watch, March/April, also. Quote:
Yup, headed up in 2012. So far... spot on! Edited by silvermaniac
01/27/2012 8:59 pm
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Pillar of the Community
United States
931 Posts |
I don't think the Obama care will ever see the light of day. It's a business killer with huge opposition. Can you imagine fining or arresting people because they can't afford $500 to $1000 per month in premiums?
Not likely.
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Bedrock of the Community
United States
10038 Posts |
I sure hope it does not. Despite what any judge wants to interpret it as saying - the Constitution does not allow the government to force us to buy anything and fine us if we do not. We are not a communist nation - yet.
I would have liked more $ to invest during the slump. I thin a good money maker right now would be to invest and then sell in a few months.
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Pillar of the Community
United States
1554 Posts |
What does Obamacare have to do with this Silver discussion?
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Valued Member
Spain
134 Posts |
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I would have liked more $ to invest during the slump. I thin a good money maker right now would be to invest and then sell in a few months. Silver was down to $26 just a few weeks back; it got up to $34 today... That's 30% benefit in just a couple of weeks; definitely not a bad investment. Let's see if it reaches $50 again this year. |
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Rest in Peace
United States
9104 Posts |
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Can you imagine fining or arresting people because they can't afford $500 to $1000 per month in premiums? I can remember when $500 a month was triple the minimum wage. |
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Rest in Peace
United States
9104 Posts |
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What does Obamacare have to do with this Silver discussion?
PM prices don't operate in a vacuum. It's the old guns and butter thing. Money spent on health care (or gas, or groceries) can't be spent on PM. |
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Pillar of the Community
United States
1554 Posts |
That's a stretch, especially when I can think of many reasons why people don't have money to spend on silver?
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Pillar of the Community
United States
4008 Posts |
Yes, there are reasons for not buying PMs. Some of them are pretty good ones too. There are also some excuses for not doing just about everything. What most of us need is the ability to differentiate between reasons and excuses. As far as I am concerned, it is good to own some PM. There are any number of good reasons for doing it. If I tell people about it and they decide not to do it, then that is fine with me. I made the effort to inform them. It's good if they can take something valuable from that. If not, then not. No big deal. Of course, it is likely that there will come a time when they wish that they had.  |
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Replies: 76 / Views: 7,156 |
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Posted 12/30/2011 7:28 pm
