Made A Mistake While Investing In Silver

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Author	Replies: 7 / Views: 1,995
samsnate Pillar of the Community Canada 1723 Posts	Posted 05/15/2013 09:36 am When I started, it was for investment long and short term, and It still is. I slowly built up a small stack and It has been reshaped many times. I've done well on the short term selling and buying back in during dips. Pocketing just a few bucks for single ounces to 50% gains on 10oz bars. I have no regrets at all and still think that silver and gold are going to be good REALLY LONG term investments. I'm 31 so I have the time. I came into a realization this morning. Over the past few weeks I had been selling to raise some funds to ease the house hold financial burdens since work has been very spotty over the last few months. With this slam is spot prices over the last 6 months ( didn't see this coming) it has been difficult to just recoup my investments but for the most part it has worked out. I was thinking about what I had and what I could sell and realized that I don't want to sell what I have. Ut Oh, I've become attached to the silver that I haven't sold yet. Son of a &^&. Didnt see this coming either. I've realized that I really enjoy Canadian silver. RCM maples, engelhard and JM. I want to have a complete set of maples, Love the old RCM bars and like engelhard and JM old bars. But on top of that I like the serial numbers. The only bars I have left are just a few JM bars..old school...dont wanna sell those, 5 oz engelhard old pour....dont wanna sell that...10 oz bull logo engelhard with a 2 digit radar...dont wanna sell that and a handfull of RCM 1oz and 10oz bars...particular like getting the "A" series with low serial numbers. I think that I am going to just try and build my stack with things I like and continue my Canadian silver collection and when I get the funds, start stacking for the purpose of investment again. Its so hard to be an investor and collector of silver, but you have to draw hard lines. I've finally decided what I want for me and what I like to have for investment. Thats it. Sitting on 60oz of silver that I bought for investment that turned ito a personal collection. Wish I wasnt attached but I am. Edited by samsnate 05/15/2013 7:00 pm Report this Post to the Staff

blackjack Valued Member United States 386 Posts	Posted 05/16/2013 07:42 am Nice post, samsnate. Your post reveals how much you "love" your silver. I am the same way. I've rebuilt a similar stack over the past year, plus some nice graded coins. My wife watches me get mesmerized most every night as I hold and study one or more of my coins. I never thought I would buy bars, but now I've picked up a 5 ouncer and a 10 ouncer. I'm in up to my head and spot prices aren't going to stop me from buying silver and old coins. It's all beauty and art to me. Good luck to you. Report this Post to the Staff
SA4H Pillar of the Community United States 2764 Posts	Posted 05/16/2013 6:24 pm I have the same dilemma as you, samsnate..... becoming attached to the silver and can't bear to let go of any.... it's very difficult to decide on letting which go and keeping which. Report this Post to the Staff
cownick Pillar of the Community Canada 677 Posts	Posted 05/16/2013 7:26 pm I do not think you made any mistake at all. We all know the price will go back up, it just won't be right away. We all have to be patient and bear with it. As far as attachment, it is only silver. Why not take a picture and tell a story some day. Many scenarios have gone through my mind from coins , notes, tokens and of course bullion. what to get rid of?, what to keep? I don't think it will end anytime soon. We can always get more. Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 05/17/2013 12:12 am Look at it for what it is: a metal. Don't get attached to earthly objects because you can't cherish anything after death. If you can enjoy life more by selling them then you should. Convince people that what you have is art and people will pay what you ask for it. Report this Post to the Staff
rgathright Valued Member United States 264 Posts	Posted 05/17/2013 12:56 pm SOLD ALL MY SILVER! Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 05/17/2013 11:05 pm This one is for you Sam d-diB65scQU Report this Post to the Staff
samsnate Pillar of the Community Canada 1723 Posts	Posted 05/18/2013 10:02 am Quote: This one is for you Sam Hahaha....that was my wedding song when we walked the isle... Thanks trout! Quote: We all know the price will go back up, it just won't be right away. We all have to be patient and bear with it Im not worried about spot. I know it will turn around at some point. I just felt bad because when I started stacking, I told my wife it was investment for us to preserve wealth and to sell when we need to....well, bit of an eye opener when the time came and I needed to sell and realized that there was so much I just didnt want to. Quote: . Why not take a picture and tell a story some day. Would you rather hold the girl or show a picture of her? Report this Post to the Staff
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