someone cheer me up :-)
Kip
Posts: 852
Please....someone cheer me up........:-) I keep watching my PM going south and wonder if they will ever go north
Regards
Kip
Regards
Kip
UCSB Electrical Engineering....... USCG and NASA
0
Comments
Get your finger out of your ear and listen to me!!
Maybe the worse joke ever!!
Knowledge is the enemy of fear
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Please....someone cheer me up........:-) I keep watching my PM going south and wonder if they will ever go north
Regards
Kip >>
well looks like u been doin ok if u were buyin in 2006 & before,
as of right now, physical investors of silver bullion have had ample time to amass a huge pile of silver at below the 200dma,
which over time has shown to be the max time to buy & hold for high percentage returns if that is what u r specifically looking for,
or just to add to your personal central bank holdings...
disclaimer, this does not pertain to bullionists or bullionites...
these r my trademarked names i just made up by the way...
<< <i>
whatever you do, just look at that chart above, and ignore the one from 1980-2000.
in fact, it might be best to ignore the chart since July 2011.
probably a tree can grow to the sky and not collapse under its own weight... but that's not the way I'd bet.
be careful out there!
Liberty: Parent of Science & Industry
It's always a matter of prospective.
Thanks to all for cheering me up
Regards
Kip
In God We Trust.... all others pay in Gold and Silver!
<< <i>Baley, you may be right but you could have said the same in 2005 and be wrong.
It's always a matter of prospective.
And while we're at it, let's also look at the total debt, real interest rates, M2, and otc derivatives charts from 1960-2012 as well as those are the drivers behind the pog.
There's a reason the 2001-2012 gold chart looks the way it does.
The last PMs bull market lasted from 1962-1980. It wasn't always up either. So far, only 11 yrs into the current run with very little to no progress accomplished on debt,
M2, and otc derivatives. In fact we're probably worse off today in all 3 categories than at any time in the past 11 yrs.
Let's have a conversation! I will begin.
Why are you buying precious metals in the first place? (Your turn to answer).
I knew it would happen.
will make you think of that Masked man and his appropriately
named horse
Hi Ho Silver
Keep in mind tommorows another day, or even an hour from now.
Steve
<< <i>
<< <i>Baley, you may be right but you could have said the same in 2005 and be wrong.
It's always a matter of prospective.
And while we're at it, let's also look at the total debt, real interest rates, M2, and otc derivatives charts from 1960-2012 as well as those are the drivers behind the pog.
There's a reason the 2001-2012 gold chart looks the way it does.
The last PMs bull market lasted from 1962-1980. It wasn't always up either. So far, only 11 yrs into the current run with very little to no progress accomplished on debt,
M2, and otc derivatives. In fact we're probably worse off today in all 3 categories than at any time in the past 11 yrs. >>
Yup, gold doubled from 2001 to 2006, then quadrupled from 2006 to 2011. So it should go up 8 fold from 2011 to 2016. Thats $15,000 gold!!!!! History always repeats, so since gold have been increasing parabolically, it should continue. The next 5yr move from 2016 to 2021 projects to $240,000/oz. Yeah baby!!!!!
Knowledge is the enemy of fear
the fifth year, 15 oranges
Liberty: Parent of Science & Industry
<< <i>Several years ago, we planted an orange tree, and the first year, it produced one excellent orange. The second year, it also grew one orange. The third year, it made 12, (+1100% increase!) and the fourth, it made over 60 delicious oranges (another 400%), so I thought, wow, if this keeps up, in 20 years, I'll be able to supply the world market!
the fifth year, 15 oranges >>
Just because gold and oranges are yellow doesnt make them the same. Terrible analogy. Everyone knows you cant eat gold.
Knowledge is the enemy of fear
<< <i>
<< <i>
whatever you do, just look at that chart above, and ignore the one from 1980-2000.
in fact, it might be best to ignore the chart since July 2011.
probably a tree can grow to the sky and not collapse under its own weight... but that's not the way I'd bet.
be careful out there! >>
Here is the chart from 1975 to present
Until this ridiculous amount of borrowing/going into debt/inflating paper money subsides, I'm not going to stop buying real assets, be it gold, silver or other.
Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Liberty: Parent of Science & Industry
<< <i>nice chart PMD, worth a thousand words. >>
Agreed. Been appreciating your view as well. Thank you. Although PM (gold) newbie, and age perspective (58) has me more cautious.
I was "unaware", so I missed most of the upcurve, yet I do now understand gold as a good growth potential, hedge, and neccessary
missing chunk of my portfolio. But coming in at such record highs places me with a time bias, as a possible devastating price drop could affect my entry into retirement years.
Scenario: Say gold continues 1800, 2000, 2100.. as I move in cost averaging %30+ of my portfolio..
(over next 5yrs, the goverment is forced to start taking real recovery actions to turn things around, gold drops, maybe drastically $1400)
Can I afford the potential drop? Will too bold a gold move hurt me worst than my previous investment stategies?
(-I do understand that folks have been in this same position all the way up golds curve. lol ;-) )
(ps, I look at silver and pallidium slightly differently.)
<< <i>gosh, what could have happened in late 2001 that could have caused massive increase in government expenditures that required borrowing to pay for, hmmm, I'm trying to remember, was it early autumn? >>
Looks to me like the debt was already going parabolic before "9/11".
<< <i>
<< <i>
<< <i> >>
whatever you do, just look at that chart above, and ignore the one from 1980-2000.
in fact, it might be best to ignore the chart since July 2011.
probably a tree can grow to the sky and not collapse under its own weight... but that's not the way I'd bet.
be careful out there! >>
Here is the chart from 1975 to present
Note that the above chart is neither inflation adjusted nor "debt" adjusted to 1980 levels. That will take a few more years. One way or the other, both are coming to a theatre near you.
Yes, that parabolic debt curve explains why gold too will head the same way. The effect was delayed for the 1980's and 1990's because consumer good's price inflation was kept
somewhat in check by the benefit of cheap foreign labor and masterful management of the dollar, credit, and gold markets. But those benefits are rapidly going away.
<< <i>
<< <i>Several years ago, we planted an orange tree, and the first year, it produced one excellent orange. The second year, it also grew one orange. The third year, it made 12, (+1100% increase!) and the fourth, it made over 60 delicious oranges (another 400%), so I thought, wow, if this keeps up, in 20 years, I'll be able to supply the world market!
the fifth year, 15 oranges >>
Just because gold and oranges are yellow doesnt make them the same. Terrible analogy. Everyone knows you cant eat gold.
Maybe not, but I find both to be very a-peeling.