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 Replies: 25 / Views: 3,607 |
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Pillar of the Community
 United States
3670 Posts |
I wouldn't beat yourself up over it Secretagentman, minus a time machine or a crystal ball, no one could have knew for sure....
I laughed like all get out in that silly movie "Hottub time machine", as the goof ball character of the movie after going back in time used all his knowledge of the future to make himself into a billionaire complete with hot wife and big yacht....
Yes his name was Lou and he created Loogle....
Edited by Silverhawk74
04/16/2011 1:43 pm
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Pillar of the Community
United States
1450 Posts |
SecretAgentMan,I had a similar experience with Ford stock. When it was at $1.50 a share I had an extra $1500 I was looking to invest. I thought real hard about 1000 shares of Ford and my wife agreed. I decided not to and 7 months later it was $15 a share,I could have turned $13,000 in profit and put it all into PM's. I am still kicking myself for doubting my instincts. Oh well,I guess we live and learn!
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Pillar of the Community
United States
1150 Posts |
A lot of people are under the false impression that the sole reason silver hit close to $50 in '80 was the Hunt brothers. That is baloney. The Hunt's began their silver spree many YEARS before silver rose to it's peak. They may have played a part, but people give them too much credit. The '70s and '80s saw all sorts of economic turmoil, energy crisis, oil crisis, the Iranian hostage situation, the Russian invasion of Afghanistan, rising consumer price index and interest rates, etc... There were plenty of fundamental reasons for silver to shoot to historic highs.
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Pillar of the Community
United States
3670 Posts |
I would buy that MitchHailey. In the end how much really can one or two people have in the bigger picture of the world, and all those other factors you mentioned can't be overlooked....
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Pillar of the Community
United States
2734 Posts |
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Secret Argent Man: we're both still employed @ the same places. Be thankful for that. How many unemployed people have had to sell their bullion and numismatic items since the fall of 2008? If you're still in a position to buy silver, I would suggest better-date to key-date 90% coins. Quote:Silverhawk74: I am the Studebaker of silver collecting.... We all have to start somewhere, but if you play your cards right...  Edited by DNA
04/18/2011 12:00 am
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Moderator
 United States
16679 Posts |
I'm not surprised at all. The dollar become worthless, world events, a Government that has their spending out of control. $92 sounds good but, in the short term, I can see $50 silver easy.
swcoin.ecrater.com
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Pillar of the Community
United States
3670 Posts |
Good stuff DNA, I came up with that quote, as Sel691 mentioned on my first post that there was a Studebaker Silverhawk if memory served him correctly, and it did.... Maybe I should sell my silver here when it hits 150 an oz, and buy this bad boy below, he he he he rof  .... http://www.youtube.com/watch?v=nFztKcNQu7AEdited by Silverhawk74
04/18/2011 01:51 am
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Pillar of the Community
United States
4008 Posts |
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Only problem with that formula, is gold keeps going up as well, so sell if you must when it reaches 16 to 1 once again.... - Silverhawk The good news is that silver is moving higher at a faster rate than gold is, so approaching the historic 16:1 gold:silver price IS happening as we watch. Look at the price charts. It wasn't that long ago that we had a ratio of 45:1. Now it is about 34:1... and it's still moving. Once we get in the area of 20:1, that will be the time to be trading in the silver for gold. Gold and platinum have gained about 50-60% since the 2009 lows. Silver prices have almost quadrupled in that same time period.  Quote:
never thought this fast either and never thought I would see $50 silver. - Mkman Some of us are seeing it again.  Quote:
I am surprised that with all the economic turmoil, debt situations around the world and riots/wars that silver isn't HIGHER than inflation adjusted historic highs. - MitchHailey It's still making its run, Mitch. Stay tuned. If we consider what has to occur for silver prices to come down vs. what IS happening that it driving them up, we may very well be in the "you ain't seen nuthin' yet" category. Quote:
This whole thing makes me want to cry. About 3 years ago, I just had a real strong urge that we NEEDED to buy silver. I just had a "feeling." I even talked to the wife about it, we checked out books from the library, read up on it, everything... We were extremely close to doing it, then the wife suddenly decided we couldn't afford it as our jobs were both iffy.
Silver was at $12-15 an ounce at that point, and we're both still employed @ the same places. - Secret Agent Man Stretch out with your feelings, young apprentice... search your feelings, trust them, and you will know that you are right when you are calm, at peace! |
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Pillar of the Community
United States
4008 Posts |
Quote:
A lot of people are under the false impression that the sole reason silver hit close to $50 in '80 was the Hunt brothers. That is baloney. The Hunt's began their silver spree many YEARS before silver rose to it's peak. They may have played a part, but people give them too much credit. The '70s and '80s saw all sorts of economic turmoil, energy crisis, oil crisis, the Iranian hostage situation, the Russian invasion of Afghanistan, rising consumer price index and interest rates, etc... There were plenty of fundamental reasons for silver to shoot to historic highs.
Yes, they did play a part... a LARGE part. I understand that they were only a couple of guys, but... they also were a couple of billionaires who were using leverage and futures contracts to control a LOT more silver than they could actually afford to buy. Also, have you looked at the silver price charts of that time period? I'm sure that you have, as they are fascinating. The thing that always struck me was the rapidity of silver's price rise and decline. Rather than a bull market in silver, such as we have now, it was much more of a spike. Such things in commodities are not unheard of but they also invariably come from market manipulation rather than natural bull and bear market forces. There was more to that situation than world events which tend to unfold over time. The oil "crisis" didn't happen over-night either. I do agree that there was more to the silver price spike than just the Hunt brothers but they did play a significant role in it. |
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Pillar of the Community
United States
4008 Posts |
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SecretAgentMan,I had a similar experience with Ford stock. When it was at $1.50 a share I had an extra $1500 I was looking to invest. I thought real hard about 1000 shares of Ford and my wife agreed. I decided not to and 7 months later it was $15 a share,I could have turned $13,000 in profit and put it all into PM's. I am still kicking myself for doubting my instincts. Oh well,I guess we live and learn! - Hockingzig You're bringing tears to my eyes with this, Hockingzig. I also looked at buying Ford as it slipped below $2 a share... and didn't. The real heck of it was that I had about $50k in an IRA money market that wasn't committed to anything and could have been used easily for that purpose.  |
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Replies: 25 / Views: 3,607 |
First Page
Posted 04/16/2011 2:34 pm
