Confession Of An Ex-Stacker

Man, this is going to be hard! I woke this morning to discover that silver had dropped to around $22.20 and I had an e-mail from Goldmart informing me that they now had my favorite 100-ounce J&M silver bars back in stock at $0.89 over spot.

Must. Be. Strong.

Wow, you don't ask for much do you? :) I can't give you a company with a thousand year history but I can give you some with hundreds.

Husqvarna AB: Founded in 1689 in Huskvarna, Sweden. They originally made weapons for the King of Sweden but now make outdoor power equipment. I've visited the original location dozens of times.

Mosdorfer Gmbh: Founded in 1712 as a blacksmith shop making weapons, now they are a global supplier to the electrical utility industry. You can't buy stock though, they have been family owned for 12 generations.

I'm sure they are older companies but these are just two that I have personally done business with.




Personally I think you are setting the bar too low. You seem to have given up on the idea of making money and are content just not to lose money. We could talk again in 5 years but I'm sure even if gold has fallen to $100 per ounce the gold bugs will still be saying how it just about to turn around.

Why are you ignoring the last crash in PM's? You have stated that you are saving for your daughters college education in 15 or so years. If PM's follow the same pattern they did last time your investment will be worth a tiny fraction of what it is now when you need to liquidate it and pay for her education. I would think that recent history is much more relevant to the goal of saving for college than ancient history. The price of gold in a thousand years doesn't matter, what matters is the price in 15-20 years.

First yes the US is different, we arent Turkey or Greece or any of the corrupt Asian countries or on the brink of the collapse like the USSR. You say things change and things are different then lump us in with 2nd and 3rd world economies as an example, it does apply. I honestly dont care what PMs do in Turkish money I would never be buying them in Turks.

Second you should read what I wrote. There is 0 ASSURANCE that it will go up. You very clearly stated in your first post that you have a great chance of making money on it in the future which isn't true. 0 assurance that it will go up means theres absolutely nothing that assures that it will be higher which is true, not a guarantee it will be lower even though thats likely.

Yes, and this has been the status quo since 1776. :-)

Want to talk about scandal? Ben Franklin.

Want to talk about crumbing? Civil War.

We're still here.

We are not on the brink of collapse. Our "corruption" and "scandal" rate is holding steady. :-)

Like mentioned its going to take a lot more than that to bring us down. doesn't make whats happening right but we need to stop acting like were this fragile country that the slightest thing and its all going to come crashing down. Were not that fragile, or really even fragile at all

This thread is totally off the track of barry's original post......

Perhaps stackers and even collectors needed a brake in purchase once in a while.

There's risks in different type of investments as we all know. That's the uncertainty we all learn to live with, but learning when to sell or buy is the hardest decisions.