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cptindy
Penny Hoarding Member
572 Posts |
 Posted - 05/20/2010 : 17:09:43
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I can appreciate those looking for a sudden rise in the price of silver. My interest is that it drops in half based on all the so called "turmoil" in the market. I would also love to see $800.00 or lower gold and a nice panic to ensue as I will be gobbling it up.
A price rise is inevitable and I am not worried as to the investment. It makes sense to me that rapid swings will take place in this controlled environment. If as suggested Silver is shorted to the extreme causing sudden withdrawals and subsequent increases allows for hidden agendas to disappear. It makes sense for these folk's to back out in the same fashion they took over. Clandestinely!
Once the major positions are liquidated a fall guy will appear and be singled out taking the blame and allowing reasonable additional regulation without public conjecture.
Every dime I invest in metal is there for the long haul and I welcome the panic. By the time Joe Blow decides PM's is a good idea we will have already tripled our investment and then some.
Just my take on these price swings...
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"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/20/2010 : 20:12:12
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quote:
Originally posted by cptindy
Just my take on these price swings...
cptindy, it's admirable that you have developed a philosophical approach to holding precious metals that apparently works for you. Others, who have every penny invested in PM's, or wish they were prescient enough (but aren't) to time the markets to their advantage for trading purposes, may not feel the same. It's the difference between driving by Magic Mountain and stating "Look, there's a rollercoaster,"... and actually being on that ride and hanging on for dear life.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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twocents
Penny Collector Member
398 Posts |
Posted - 05/20/2010 : 20:16:44
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| If silver hits 10, 1000 oz Comex bars are around a plenty. They are just a challenge to move, but it can be done. |
Just my two cents! |
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ScottyTX
Penny Hoarding Member
USA
508 Posts |
Posted - 05/20/2010 : 23:25:23
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| Humm, silver hits 10.00 and you still pay 16-17.00 remember?? On a side note I really enjoyed the roller coaster silver was on for 2008/2009 paid off both the vehicles and part of the house with "buy low sell high". I had more than tripled my silver stash there at the end, without any additional FRN's out of my pocket. So buy and hold seems kinda silly at times to me but I imagine its safer?? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/21/2010 : 00:00:04
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quote:
Originally posted by twocents
If silver hits 10, 1000 oz Comex bars are around a plenty. They are just a challenge to move, but it can be done.
Getting delivery is a real challenge.
I buy and hold and also buy and sell. Usually the market goes up right after I sell. Imagine my surprise Wednesday morning after selling off quite a bit Tuesday night. Even I can't turn the markets anymore.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/21/2010 : 09:21:55
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It is my understanding and rationale that profits or losses are only seen when a sale transpires. I certainly do not recount my silver and re-assess my financial assets every time the silver price moves. Value is in the eye of the holder, just as that old train set has a sentimental value beyond any offer from a collector.
Metal is in a game that is leading to a trap for those practicing derivatives, as the game was begun without consideration to an ending, it must inevitable terminate.
Those that see there is no way to control or predict in the current round should be preparing for round two by accumulating their pieces now.
I must admit I penned this title on some what of a fishing expedition. We, as this is a coin and bullion related site tend to put an awful lot of emphasise on daily swings. It makes me somewhat nervous when I feel such anxiety at these daily price movements. Embracing the truth to the situation seems far more relevant than anticipating a unknown timetable with a nervous disposition.
Life should not be valued in monetary holdings but in that which truly makes one wealthy.
Truth and Knowledge
Edit
Oh Yeah, and the Wisdom to see the difference
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"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
Edited by - cptindy on 05/21/2010 10:08:13 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/21/2010 : 10:24:22
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quote:
Originally posted by cptindy
It is my understanding and rationale that profits or losses are only seen when a sale transpires. I certainly do not recount my silver and re-assess my financial assets every time the silver price moves. Value is in the eye of the holder, just as that old train set has a sentimental value beyond any offer from a collector.
Metal is in a game that is leading to a trap for those practicing derivatives, as the game was begun without consideration to an ending, it must inevitable terminate.
Those that see there is no way to control or predict in the current round should be preparing for round two by accumulating their pieces now.
I must admit I penned this title on some what of a fishing expedition. We, as this is a coin and bullion related site tend to put an awful lot of emphasise on daily swings. It makes me somewhat nervous when I feel such anxiety at these daily price movements. Embracing the truth to the situation seems far more relevant than anticipating a unknown timetable with a nervous disposition.
Life should not be valued in monetary holdings but in that which truly makes one wealthy.
Truth and Knowledge
Edit
Oh Yeah, and the Wisdom to see the difference
well said, and I agree with the wisdom of your thoughts. That said, age tends to color one's perspective. It is not always easy to detach oneself from the daily gyrations of silver and gold. All of us, I presume, are convicted that precious metals hold the key to retaining our purchasing power as time progresses... and the possible potential to provide sizable financial gain as well (if the manipulation ever stopped and allowed the "true" prices to float). At my age of 59, I am ready to retire... but not able to. If silver ever explodes then it would provide me the means to quit a few years earlier. That's all it's about, not getting rich, just some added security and a few more years to play instead of work. So, even understanding the need to develop a zen indifference to short term fluctuations, my mood is still affected by BIG moves in the price, in either direction, whether it be one day or over the course of several consecutive days. On the up days it causes ebullience (look at the root of that one, haha) and on the down days I am somber. It may require months of patience, but I am confident the market will resume it's long-term uphill climb, although it isn't always easy to pretend indifference. Sorting coppers keeps me occupied and my focus on something other than obsessing on every move. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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Beau
Penny Pincher Member
216 Posts |
Posted - 05/21/2010 : 11:26:03
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I started buying when silver was $5.00 an ounce, and have never sold any.
I wish I had bought more then, but that is the way it goes.
GOOD LUCK GUYS AND HOLD ON !!!!! |
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned this is the sum of good government."
Thomas Jefferson |
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Investin Cents
Penny Pincher Member
USA
129 Posts |
Posted - 05/21/2010 : 15:02:40
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this last Wed afternoon I "bellied up" to the table & bought a nice stash of AG. 1-10 oz. Englehardt bar, 1-5 oz. Sunshine bar (if I recall the name now), 37 90% Kennedy's & 2-1 oz. rounds. I diversified after I read that nice post, I think Ardent posted it.
Yes, if $10 AG & $800 AU return I'll buy a bunch more. But, yes, then supply may be scarce if too many crowd in and buy it up!
Good luck everyone! |
Most recent book I've read: "Meltdown" by Thomas E. Woods Jr. Current book: "I.O.U.: Why Everyone Owes Everyone & No One Can Pay" by John Lanchester |
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TXTim
Penny Hoarding Member
629 Posts |
Posted - 05/21/2010 : 22:01:59
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| Buy low, sell high. |
Beer is my currency. |
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Beau
Penny Pincher Member
216 Posts |
Posted - 05/22/2010 : 00:50:27
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a week ago people on this forum were saying that they wanted silver to go lower so they could buy more, that they didn`t have enough.
now they seem to be worried WHY?
if it goes to 10 to 12 dollars which I doubt, I SAY BUY BUY BUY.
ANYONE WANT TO GUESS THE LOW POINT NOW?
AND WHEN IT WILL BE? |
Edited by - Beau on 05/22/2010 00:54:37 |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 05/22/2010 : 02:20:50
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| Wild price swings scare people and stop them from investing in precious metals (or anything else with wild price swings). No buddy understands these wild swings. I like nice steady growth :) |
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 05/22/2010 : 02:52:45
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That nice steady growth is no fun.. give me the exitement!
If you aren't living on the edge.. you're taking up too much space. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/22/2010 : 08:01:24
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HaHa Hoard !
Well, My response is this...
What a very nice balance of personality in this Forum, I hope all realize their potential from holding such a monumental asset. |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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rosco
Penny Collector Member
USA
254 Posts |
Posted - 05/22/2010 : 20:18:53
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At 72 I hope for more price drop as I will make larger buy on Monday, to AVG cost down I just started stacking last fall. If price goes back up On Monday then just a few coins or oz of bullion.
Our Sons will not care about my cost but its tough to get the wife to part with what we have in the Bank. She is OK with the Sorting as It keeps me out of her hair an the money is back after the dump.
Our memory includes the Hunt year an Several friends who worked years more after that drop to retire. We did get out at 62 for me an did some big Travels that we look back At fondly. The Skunks on half dollar box's bug her more than me . |
Old Geezer a HAND Sorter |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
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rainsonme
Penny Pincher Member
USA
183 Posts |
Posted - 05/22/2010 : 21:46:52
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| The money I put into silver is a long term hedge. IF silver drops to $10 I will buy a lot more, but I would not sell any in a panic. I think it is quite possible that silver (and gold) do get cut in half. There is potentially much more volitility than we have seen yet. Traders would have to worry about when to sell; I am accumulating silver coins for a horizon out 10 years, not 5 years. And if I die holding my silver conis, I would hope my kids have enought sense to hold them longer. |
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Bring Me $10.00 Silver
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