| Author |
 Replies: 44 / Views: 3,112 |
|
Pillar of the Community
United States
1267 Posts |
Take a peek at precious metals prices...
Take Care
Ben
|
|
|
|
Moderator
 United States
188322 Posts |
|
|
Pillar of the Community
United States
656 Posts |
ouch 12.70
Edited by 1337
09/02/2008 11:56 am
|
|
Pillar of the Community
United States
5318 Posts |
I recall a retired schoolteacher who came in to a friend's shop and bought 500 ounces at $17.90. If I use her purchase as a benchmark from March, she's off $5.20/ounce or -$2600 total--and many people bought higher. The more I've read about metals markets, the more daunting the subject is--an avg. guy like me can hardly predict its direction.  It just strikes me as a really risky affair buying when Au/Ag is considerably higher than historic trends. Well enough of my cautionary advice, LOL. Good luck!  Edited by KurtS
09/02/2008 1:01 pm
|
|
Moderator
United States
188322 Posts |
IMHO, most investing, especially short term, is just legalized gambling.  |
|
Pillar of the Community
United States
5318 Posts |
 Course, people can actually read up on markets and make some educated predictions. By contrast, just imagine if Vegas casinos published detailed stats for their payout history? I can only guess those who actually read them might gamble differently than those who did not. But you could also say--people don't essentially change from information availability--it's what they choose to do with it. |
|
Pillar of the Community
United States
7123 Posts |
Kurt
If you are like me and have been buying silver for years , you will have silver that you bought at 2.50 an ounce in the mid eighties and then you will have silver that you paid 15 and 16 dollars an ounce for in the recent market and all markets in between .
when your holdings are scattered over the gamit of prices its not so bad .
not all of your holdings can be figured in the loss column ,,silver will never see 2.50 an ounce again so those ounces will always appear in the profit column just like the ounces bought at 4 and 5 and 6 .
well you get the picture !
|
|
Pillar of the Community
United States
656 Posts |
|
|
Pillar of the Community
United States
6326 Posts |
Quote:
you will have silver that you bought at 2.50 an ounce in the mid eighties and then you will have silver that you paid 15 and 16 dollars an ounce for in the recent market and all markets in between .
when your holdings are scattered over the gamit of prices its not so bad .
NICE POINTS Metalman !......  And silver that you've " inherited" that cost you nothing ! |
|
Rest in Peace
United States
9104 Posts |
Quote:
IMHO, most investing, especially short term, is just legalized gambling. First, it is physically impossible to invest in silver. Investments pay dividends. Buying and selling short term is not investment, it is speculation, another word for gambling. |
|
Pillar of the Community
United States
6326 Posts |
I could never "invest" in a precious metal in that sense. Especially in a way that I never get to actually see my investment and hold it in my hand !...(like some companies do) The ONLY way I refer to my coins as an "investment" is in the context that .....maybe......many many decades from now .......IF....I were to sell part of my collection, I would hope that I could, at the very least, get even money for what I paid for the material. And at that distant point......I also hope that the "market" would be kind and that both silver & gold would have risen to a nice smart level that made me happy. But, overall, my "investment" is meant for my blood family to inherit......each generation.....for several hundred years, with each generation "adding to it" as they go. Edited by eaglefoot
09/02/2008 5:44 pm
|
|
Pillar of the Community
United States
628 Posts |
Great opportunity to stock up. Like many other investments, ( sorry biggfredd ) when the average joe on the street starts buying anything out of character, stocks, bonds, silver, gold, it's time to sell. When the word is out to non investors, it's too late to make any more money, time to bail and take your profits. |
|
Valued Member
United States
311 Posts |
Quote:
First, it is physically impossible to invest in silver. Investments pay dividends. What dictionary are you going by? Every one that I have access to at the moment extends the definition to purchases made for future profit, not exclusively income realized during ownership. |
|
Valued Member
United States
152 Posts |
Quote:
The ONLY way I refer to my coins as an "investment" is in the context that .....maybe......many many decades from now .......IF....I were to sell part of my collection, I would hope that I could, at the very least, get even money for what I paid for the material. And at that distant point......I also hope that the "market" would be kind and that both silver & gold would have risen to a nice smart level that made me happy.
But, overall, my "investment" is meant for my blood family to inherit......each generation.....for several hundred years, with each generation "adding to it" as they go. That's deep Eaglefoot  That's exactly how I feel as well. And as I read on here before, the only way your really going to make alot of money is if you invest alot of money in bulk. I simply cannot do that. |
|
Pillar of the Community
United States
628 Posts |
as far as buying gold/silver goes, to paraphrase an old platitude, don't get cut trying to catch a falling knife. Wait for it to hit the floor, then pick it up.
|
|
Rest in Peace
United States
9104 Posts |
http://financial-dictionary.thefree...m/investment Quote:
Be sure not to get 'making an investment' and 'speculating' confused. Investing usually involves the creation of wealth whereas speculating is often a zero-sum game wealth is not created. Although speculators are often making informed decisions, speculation cannot usually be categorized as traditional investing. http://www.ventureline.com/glossary_I.asp Quote:
INVESTMENT is the purchase of real property, stocks, bonds, collectible annuities, mutual fund shares, etc, with the expectation of realizing income or capital gain, or both, in the future. Investment is longer term and usually less risky than speculation. Note that "commodities" is conspicuous in its absense. http://www.moneyglossary.com/?w=Investment Quote:
Investment
Definition: [crh] The creation of more money through the use of capital. No one considers a lottery ticket an "investment", but a speculation. Using the definition you cite, it would be considered an investment.
|
| |
Replies: 44 / Views: 3,112 |
Posted 09/02/2008 11:55 am
