I could live with that WR. I just think if Romney gets in metals will do nothing but go down. His policies, if he actually could enact them, would not be good for metals imo. I'm not going to let that influenece my vote though Our quality of life is not solely determined by what metals are doing.
To forgive is to free a prisoner, and to discover that prisoner was you.
<< <i>I could live with that WR. I just think if Romney gets in metals will do nothing but go down. His policies, if he actually could enact them, would not be good for metals imo. I'm not going to let that influenece my vote though Our quality of life is not solely determined by what metals are doing. >>
interesting perspective. I will vote for MR in this election, but I do not believe he will make such radical changes in the fiscal/monetary policy of the US that we turn debt in the opposite direction, get the Federal Reserve kicked to the curb, and similar actions that would strengthen the dollar and faith in the dollar worldwide. I just see a vote for MR as light application of brakes or maybe a drogue chute to slow down massively inappropriate management of public funds
Barndog, the 200 week moving average for the dollar vs its major competitors is 79.70. Today the dolkar is 79.70. So the dollar is right at its 5 year average price. Seems to me the rest of the world has a lot of faith in the dollar.
<< <i>I just think if Romney gets in metals will do nothing but go down. His policies, if he actually could enact them, would not be good for metals imo. I'm not going to let that influenece my vote though Our quality of life is not solely determined by what metals are doing. >>
Current metal prices are the result of reckless congressional spending and reckless central bank policy not White House policy. You wanna fix the economy? Fix the influence of Wall St. on federal spending and central bank policy.
<< <i>Barndog, the 200 week moving average for the dollar vs its major competitors is 79.70. Today the dolkar is 79.70. So the dollar is right at its 5 year average price. Seems to me the rest of the world has a lot of faith in the dollar. >>
or less faith in the alternatives. If you have to kiss a pig, try to find the prettiest one.
Silver is dying a slow death even when a ton of things are being done to keep the patient alive. I'm sorry folks, but I am selling all of my "non essential" stash. Only going to keep the cool bars. There, I said it out loud, I feel better already.
To forgive is to free a prisoner, and to discover that prisoner was you.
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Don't let facts get in the way of a good story, derryb. >>
I smell a scolding coming db and WR............... MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>I've been scolded since $15 silver. As long as it stays above $15, scoldings are welcomed. I'll be out well before $15, but not at $32 or $25. >>
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I've been scolded since $15 silver. As long as it stays above $15, scoldings are welcomed. I'll be out well before $15, but not at $32 or $25.
For me that magic number is $21, so I'm taking all I can get while I can. You gave that summary of where it's been derryb, but you forgot to mention what has been done to keep the run going, or at least what should keep the run going...and it can't top $35??? Sorry, I'm done with all the non-essential stuff. I'll still have a rock solid base with the collectible cool bars I'm keeping because they will bring a premium in any market. But the notion of having silver just to have more of it has faded for me. What has happened, or should I say what has NOT happened has caused me to reach a breaking point.
To forgive is to free a prisoner, and to discover that prisoner was you.
The question you should be asking is "where are my savings the safest - a dollar that is being devalued or something that gains value as the dollar is being devalued."
When I see an end to dollar destruction my savings may go back into dollars. Temporary spikes in the dollar do not indicate an end to dollar devaluation.
We each must do what we think best. I'm only presenting the reasoning behind my decision. It's never wrong to take profits unless you put them back into something that creates losses.
This is the same discussion I had with myself at $15 silver and everything between then and now.
FWIW, I believe it can and will top $35 and much more. If I didn't believe this, I too would be taking profits on my stack. I'm continuously taking profits on the paper, but it goes right back into more paper at a lower price and sometimes into more for the stack. It's about compounding gains.
<< <i>I've been scolded since $15 silver. As long as it stays above $15, scoldings are welcomed. I'll be out well before $15, but not at $32 or $25.
For me that magic number is $21, so I'm taking all I can get while I can. You gave that summary of where it's been derryb, but you forgot to mention what has been done to keep the run going, or at least what should keep the run going...and it can't top $35??? Sorry, I'm done with all the non-essential stuff. I'll still have a rock solid base with the collectible cool bars I'm keeping because they will bring a premium in any market. But the notion of having silver just to have more of it has faded for me. What has happened, or should I say what has NOT happened has caused me to reach a breaking point. >>
With your prediction track record, it would not surprise me to see silver have a nice gain next week.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Excuse me? I called silver not being able to surpass $35 after QE3 was implemented, and it hasn't. ok it got to $35.50 or so, big deal. Silver is a dog. It's not the only place to invest. I gave it a chance, came across some cool bars that i'm keeping, but the thrill is gone. Silver has lost its allure for what I want to do going forward. If QE3 can't make it go over $35, there is nothing that will. Nothing that I have the patience to wait for anyway.
To forgive is to free a prisoner, and to discover that prisoner was you.
The paradigm changed when Lehman went down, for all the reasons that have been listed over and over in this forum. The paradigm isn't "investing" anymore. Silver isn't an investment and neither is gold.
You have no better chance at "making money" in any other instrument, much less in paper. The markets are gone. Established law is methodically being dismantled. Sorry if this sounds too cynical, but I'd rather be cynical than wiped out.
Gold and silver remain the best shot at not getting wiped out. My opinion.
One last point, remember that this is just a few weeks before a big election. Nothing you see in the news is real, nor is anything you see or read in the financials. I'm just say'in.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>I called silver not being able to surpass $35 after QE3 was implemented, and it hasn't. ok it got to $35.50 or so, big deal. Silver is a dog. It's not the only place to invest. I gave it a chance, came across some cool bars that i'm keeping, but the thrill is gone. Silver has lost its allure for what I want to do going forward. If QE3 can't make it go over $35, there is nothing that will. Nothing that I have the patience to wait for anyway. >>
Then you should have sold at $35.
Stacking silver requires patience, it is not a get rich quick scheme, it is protection. It will go over $35, but if you need thrill try the casino or better yet try paper silver.
Guys...thanks for the abrasive thoughts. I didn't expect to be honored for saying I am not buying anymore on what is primarily a stacker forum. Please allow me to clarify because I can see in hindsight that maybe I wasn't clear. I'm not going to buy any more silver, just to have more silver. I still will purchase the more collectible bars, like I said, that will always carry a premium when it comes time to sell them. I do feel that silver is a dog though, I'm sorry, I have say what I honestly feel. This is just a choice I am making as it is your choice to continue stacking hard and high...I'm not coming after any of you that are choosing to continue to do that, so why the harsh words towards me? I'm not calling you a dog, I'm calling silver a dog.
As far as selling at $35, that's easy to say in hindsight like most of what is said here. I'm being proactive for the way I want to invest, not reactive. If you're going to fault me for that, so be it. I'm doing what I feel is best for me and my family at this point and exiting all of my non-essential silver.
To forgive is to free a prisoner, and to discover that prisoner was you.
Please elaborate, I'm not sure that I understand why you feel abraded. You can buy anything you want or invest in anything you want. If you don't see validity in other opinions, that's your right. Nobody thinks you called them a dog. Likewise, none of the last page of comments I've seen that support the case for silver was abrasive toward you.
I see a couple of tongue-in-cheek comments that you are taking personally, but I don't see those comments as derogatory toward you or anyone else. I see some mild teasing. Please put things into perspective, man. I wouldn't tease anyone that I didn't like. Take care.
Q: Are You Printing Money? Bernanke: Not Literally
Easy to look at everything in the rear view mirror derry. I might be taking a chance not building upon what I have, but it's worth taking to me. Look at it this way, maybe it'll help to see the way I'm looking at it.
My scenario: I have a stock that I bought into and I kept buying it even on the way up. But now due to its lack luster performance after getting a huge shot in the arm, (in this case QE3), I feel it's time to lock in some profit. I'm not totally selling off the stock, just locking in profits so whatever happens with the remaining shares of what I will continue to own, I will not lose a dime. Right now, I'm up close to 65% on the part of the shares that I no longer care to own. I can realize a 65% profit on a portion on what I own, and the remaining shares are basically free. I've made the decision to not really add any more B shares, only A shares going forward. In effect, I have raised my cost avg. significantly on what I am keeping, BUT it is paid for. Anything from here on out upward is a bonus, anything downward doesn't matter because it's paid for.
You see, this is not just a whim, I have crunched the numbers and figured out what I need to sell to make what I want to keep be basically free to me. If the stock price goes to zero, I'll still have what I wanted to keep, and let's be honest, they will still be worth something. I have made a decision that I will no longer sit on a high 5 figure pile that isn't performing up to my expectations. It's become dead money to me, I can invest in other things with the profits, or simply spend those profits on something that may figure into the lifestyle I've grown into. I am locking in a very nice profit and keeping what I want. I can't see how that could be knocked by someone, and ultimately, it's my silver, money and decision. I will be the one living with it.
Thanks for the advice, abrasive or genuine, it has certainly been considered I can assure you of that, but this is what I am doing going forward.
edited to change to "high 5 figure"...not low 6 figure. I wish LOL
To forgive is to free a prisoner, and to discover that prisoner was you.
For the record QE3 was the last of many shots in the arm and certainly not the last. I'm watching Canada getting close to default on its debt and thinking "black swan wake up call."
derry...I hear ya man. There may be more shots in the arm. I just don't have the patience for them when I'm in the position i'm in explained in detail previously. There's more to life than how much silver one has, and when one has been blessed to realize actual profits (to me that are significant enough to do so), I don't want to look back and be wishing what I could've done. It really boils down to a personal decision more than anything else. I am not knocking anyone if they choose to do differently and I admit that I maybe am taking your guys' comments too much to heart. If you knew me more personally, you would quickly say that is just my nature and I admit sometimes it is a fault. You guys are just stating what you believe in and I respect each and every one of you for providing your thoughts when done in a civil manner, even MJ
There are some great minds, strategies and genuine people here. I feel blessed to be a small part of this community. Some don't always get along with each other, myself included obviously, but ultimately I think it's all done in a way to provde another perspective, and I can appreciate that.
To forgive is to free a prisoner, and to discover that prisoner was you.
POM, if you've got better places to put some money than silver, you really ought to share the information. That's why we're all here!
If you have convincing info and/or data, we'll all jump on it and you could be the hero for a day. If it's not convincing (in anyone else's opinion), hey - it's just another day in paradise.
This is a discussion board. We all benefit from the discussion, whether or not we agree or disagree; whether we act on it or not. It's the process that matters. We need differing points of view. We don't need plain vanilla agreement across the board.
Now, convince me. Of something. Of anything! It's not personal.
*** note, what you're saying reflects a basic bedrock principle of investing. Your goals & situation may be different, so your targets and timing will also be different. (It's different for every one of us.)
Now, convince me. I have cast iron balls. I can take it.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Some don't always get along with each other, myself included obviously, but ultimately I think it's all done in a way to provde another perspective, and I can appreciate that. >>
share your perspective on why you should keep the high premium "collector" bars and dump the bullion. I personally would have done it the other way around if I were to choose. However, the big picture tells me this is no time to even be making a choice.
<< <i>Silver is a dog. It's not the only place to invest. I gave it a chance, came across some cool bars that i'm keeping, but the thrill is gone. Silver has lost its allure for what I want to do going forward. >>
POM....Don't let the door slam you in the ars as you exit.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
If your cost basis is $21, you're only up 52% today, not 65%, but I understand your point. Don't forget to take the 28% tax into account to figure the net gain.
If your cost basis is $21, you're only up 52% today, not 65%, but I understand your point. Don't forget to take the 28% tax into account to figure the net gain
It's based on $35 silver.
To forgive is to free a prisoner, and to discover that prisoner was you.
POM, if you've got better places to put some money than silver, you really ought to share the information. That's why we're all here! If you have convincing info and/or data, we'll all jump on it and you could be the hero for a day. We all benefit from the discussion, whether or not we agree or disagree; whether we act on it or not.
Hmmm...let me see. Give all my time done on research, dd, entrance and exit strategy away for free, on the internet no less, only to be picked apart at every stop and be treated like this? POM....Don't let the door slam you in the ars as you exit.
(A polite) No thank you. Besides, if I was looking for affirmation, I know better than to come here to get it lol Not being rude about it either, just completely honest. If it's taken as rude, it's not meant to be.
Investing 101: Never talk about what your next trade is. Surprised I would even be asked to divulge.
To forgive is to free a prisoner, and to discover that prisoner was you.
Canada has a problem with overpriced real estate, but they are hardly "on the edge of the abyss". These newletter blog guys are running out of material and getting desperate.
I've been reading the reason why Q3 hasn't kicked in yet is due to the banks readiness to react or the lack of. They are hesitant in hiring more staff to push the morgage paper work through faster. I feel that's all going to change fast if Benanke wants to acheive what he started out to do by declaring QE3.
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>I've been reading the reason why Q3 hasn't kicked in yet is due to the banks readiness to react or the lack of. They are hesitant in hiring more staff to push the morgage paper work through faster. I feel that's all going to change fast if Benanke wants to acheive what he started out to do by declaring QE3. >>
Had QE1 been successful, there would have been no QE2. Had either of those been successful we wouldn't have QE3. FED has learned to quit adimitting its failures by making QE3 indefinite. The FED will eventually realize, or go bust doing so, that they cannot indefinetly correct the mistakes of a country that spends more than it takes in. It's no different than the owner of a company telling the bookkeeper to keep writing checks even when there is no money left in the bank. Eventually the bookkeeper realizes that it is his name on the bad checks.
FED has not been successful in encouraging banks to lend and consumers/businesses to borrow. Borrowers have learned from previous easy money policy that easy money does not remain easy, especially when it is time to pay it back. Until national leaders learn this it will continue to be wash, riinse,and repeat. This is what has been keeping PM prices above what they were the previous year for quite a few years now. What the stacker has to ask himself is "has anything changed?"
The only effective tool the FED has left is its policy of paying a small interest rate to banks that keep all the new money on deposit with the FED. If the FED were to charge these banks a fee to hold that money the banks would be "encouraged" to instead loan it out to consumers and businesses who will pay them interest. To encourage borrowing the banks would in turn have to lower interest charged on loans even further. The risk with this is possible inflation increases as new money eventually hits the streets. The FED's push for easy credit and increased debt will continue to ruin the economy (as demonstrated in 2008) and its practice of throwing new money into the economy will continue to devalue the dollar. This will continue to fuel PM prices.
Short term PM price dips and corrections will continue to affect PM holdings, but the long term trend is still quite positive. I prefer the steady rise in PMs, it reflects a dollar that still has value. A quick shot to the moon in PM prices means complete loss of trust in the dollar. Near zero trust in the dollar will result in hyperinflated consumer prices. As long as PMs and dollars hold value, swapping one for the other remains possible.
<< <i>These newletter blog guys are running out of material and getting desperate >>
The reputable newsletter guys are repeating the same warnings they issued at $600 gold and $10 silver. Because they were correct then, they are wrong now?
Comments
I'm not going to let that influenece my vote though
<< <i>I could live with that WR. I just think if Romney gets in metals will do nothing but go down. His policies, if he actually could enact them, would not be good for metals imo.
I'm not going to let that influenece my vote though
interesting perspective. I will vote for MR in this election, but I do not believe he will make such radical changes in the fiscal/monetary policy of the US that we turn debt in the opposite direction, get the Federal Reserve kicked to the curb, and similar actions that would strengthen the dollar and faith in the dollar worldwide. I just see a vote for MR as light application of brakes or maybe a drogue chute to slow down massively inappropriate management of public funds
(and I do have other reasons
Knowledge is the enemy of fear
<< <i>I just think if Romney gets in metals will do nothing but go down. His policies, if he actually could enact them, would not be good for metals imo. I'm not going to let that influenece my vote though Our quality of life is not solely determined by what metals are doing. >>
Current metal prices are the result of reckless congressional spending and reckless central bank policy not White House policy. You wanna fix the economy? Fix the influence of Wall St. on federal spending and central bank policy.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Barndog, the 200 week moving average for the dollar vs its major competitors is 79.70. Today the dolkar is 79.70. So the dollar is right at its 5 year average price. Seems to me the rest of the world has a lot of faith in the dollar. >>
or less faith in the alternatives. If you have to kiss a pig, try to find the prettiest one.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Hey! That's my line, sort of.
Is anyone buying?
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
<< <i>Silver is on sale again.
Is anyone buying? >>
Everything that I'm looking for is not available yet.:
5 oz Alaska bullion ATB
1 oz PAMP year of the Snake 2013
<< <i>Hope ya all stocked up on Silver at the lows of the day today. >>
I won the "Egg on Face" for bad call.
Now looking at $31.92 for a very good buy point in Dec Silver.
It cannot be denied. What a dog silver is
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Silver is on sale again.
Is anyone buying? >>
I bought today. Will be a while before I get the shiny discs in hand though (paid by check)
There, I said it out loud, I feel better already.
, on wed nov 7, gold could see a 200 drop and silver 7-8
they didn't even shake the tree that hard.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>wow.
they didn't even shake the tree that hard. >>
Silver is not for everybody. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
2 months ago silver was 28.20
3 months ago 27.45
4 months ago 28.82
5 months ago 28.48
6 months ago 31.47
A close today at 32.07 (or even 30) is not a bad thing. A spike in the dollar index will be short lived, the PPT will not allow it to stick.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Don't let facts get in the way of a good story, derryb.
I smell a scolding coming db and WR............... MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>I've been scolded since $15 silver. As long as it stays above $15, scoldings are welcomed. I'll be out well before $15, but not at $32 or $25. >>
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
For me that magic number is $21, so I'm taking all I can get while I can. You gave that summary of where it's been derryb, but you forgot to mention what has been done to keep the run going, or at least what should keep the run going...and it can't top $35???
Sorry, I'm done with all the non-essential stuff. I'll still have a rock solid base with the collectible cool bars I'm keeping because they will bring a premium in any market. But the notion of having silver just to have more of it has faded for me. What has happened, or should I say what has NOT happened has caused me to reach a breaking point.
The question you should be asking is "where are my savings the safest - a dollar that is being devalued or something that gains value as the dollar is being devalued."
When I see an end to dollar destruction my savings may go back into dollars. Temporary spikes in the dollar do not indicate an end to dollar devaluation.
We each must do what we think best. I'm only presenting the reasoning behind my decision. It's never wrong to take profits unless you put them back into something that creates losses.
This is the same discussion I had with myself at $15 silver and everything between then and now.
FWIW, I believe it can and will top $35 and much more. If I didn't believe this, I too would be taking profits on my stack. I'm continuously taking profits on the paper, but it goes right back into more paper at a lower price and sometimes into more for the stack. It's about compounding gains.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>I've been scolded since $15 silver. As long as it stays above $15, scoldings are welcomed. I'll be out well before $15, but not at $32 or $25.
For me that magic number is $21, so I'm taking all I can get while I can. You gave that summary of where it's been derryb, but you forgot to mention what has been done to keep the run going, or at least what should keep the run going...and it can't top $35???
Sorry, I'm done with all the non-essential stuff. I'll still have a rock solid base with the collectible cool bars I'm keeping because they will bring a premium in any market. But the notion of having silver just to have more of it has faded for me. What has happened, or should I say what has NOT happened has caused me to reach a breaking point. >>
With your prediction track record, it would not surprise me to see silver have a nice gain next week.
Silver is a dog. It's not the only place to invest. I gave it a chance, came across some cool bars that i'm keeping, but the thrill is gone. Silver has lost its allure for what I want to do going forward.
If QE3 can't make it go over $35, there is nothing that will. Nothing that I have the patience to wait for anyway.
You have no better chance at "making money" in any other instrument, much less in paper. The markets are gone. Established law is methodically being dismantled. Sorry if this sounds too cynical, but I'd rather be cynical than wiped out.
Gold and silver remain the best shot at not getting wiped out. My opinion.
One last point, remember that this is just a few weeks before a big election. Nothing you see in the news is real, nor is anything you see or read in the financials. I'm just say'in.
I knew it would happen.
<< <i>I called silver not being able to surpass $35 after QE3 was implemented, and it hasn't. ok it got to $35.50 or so, big deal.
Silver is a dog. It's not the only place to invest. I gave it a chance, came across some cool bars that i'm keeping, but the thrill is gone. Silver has lost its allure for what I want to do going forward.
If QE3 can't make it go over $35, there is nothing that will. Nothing that I have the patience to wait for anyway. >>
Then you should have sold at $35.
Stacking silver requires patience, it is not a get rich quick scheme, it is protection. It will go over $35, but if you need thrill try the casino or better yet try paper silver.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Please allow me to clarify because I can see in hindsight that maybe I wasn't clear.
I'm not going to buy any more silver, just to have more silver. I still will purchase the more collectible bars, like I said, that will always carry a premium when it comes time to sell them.
I do feel that silver is a dog though, I'm sorry, I have say what I honestly feel. This is just a choice I am making as it is your choice to continue stacking hard and high...I'm not coming after any of you that are choosing to continue to do that, so why the harsh words towards me? I'm not calling you a dog, I'm calling silver a dog.
As far as selling at $35, that's easy to say in hindsight like most of what is said here. I'm being proactive for the way I want to invest, not reactive. If you're going to fault me for that, so be it. I'm doing what I feel is best for me and my family at this point and exiting all of my non-essential silver.
You received them.
If you considered the responses to your decision to exit abrasive, MJ was right.
Final thought: Silver is not for you.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Please elaborate, I'm not sure that I understand why you feel abraded. You can buy anything you want or invest in anything you want. If you don't see validity in other opinions, that's your right. Nobody thinks you called them a dog. Likewise, none of the last page of comments I've seen that support the case for silver was abrasive toward you.
I see a couple of tongue-in-cheek comments that you are taking personally, but I don't see those comments as derogatory toward you or anyone else. I see some mild teasing. Please put things into perspective, man. I wouldn't tease anyone that I didn't like. Take care.
I knew it would happen.
Look at it this way, maybe it'll help to see the way I'm looking at it.
My scenario: I have a stock that I bought into and I kept buying it even on the way up. But now due to its lack luster performance after getting a huge shot in the arm, (in this case QE3), I feel it's time to lock in some profit. I'm not totally selling off the stock, just locking in profits so whatever happens with the remaining shares of what I will continue to own, I will not lose a dime.
Right now, I'm up close to 65% on the part of the shares that I no longer care to own. I can realize a 65% profit on a portion on what I own, and the remaining shares are basically free.
I've made the decision to not really add any more B shares, only A shares going forward. In effect, I have raised my cost avg. significantly on what I am keeping, BUT it is paid for. Anything from here on out upward is a bonus, anything downward doesn't matter because it's paid for.
You see, this is not just a whim, I have crunched the numbers and figured out what I need to sell to make what I want to keep be basically free to me. If the stock price goes to zero, I'll still have what I wanted to keep, and let's be honest, they will still be worth something.
I have made a decision that I will no longer sit on a high 5 figure pile that isn't performing up to my expectations. It's become dead money to me, I can invest in other things with the profits, or simply spend those profits on something that may figure into the lifestyle I've grown into. I am locking in a very nice profit and keeping what I want.
I can't see how that could be knocked by someone, and ultimately, it's my silver, money and decision. I will be the one living with it.
Thanks for the advice, abrasive or genuine, it has certainly been considered I can assure you of that, but this is what I am doing going forward.
edited to change to "high 5 figure"...not low 6 figure. I wish LOL
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
I knew it would happen.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
There's more to life than how much silver one has, and when one has been blessed to realize actual profits (to me that are significant enough to do so), I don't want to look back and be wishing what I could've done. It really boils down to a personal decision more than anything else.
I am not knocking anyone if they choose to do differently and I admit that I maybe am taking your guys' comments too much to heart. If you knew me more personally, you would quickly say that is just my nature and I admit sometimes it is a fault. You guys are just stating what you believe in and I respect each and every one of you for providing your thoughts when done in a civil manner, even MJ
There are some great minds, strategies and genuine people here. I feel blessed to be a small part of this community. Some don't always get along with each other, myself included obviously, but ultimately I think it's all done in a way to provde another perspective, and I can appreciate that.
If you have convincing info and/or data, we'll all jump on it and you could be the hero for a day. If it's not convincing (in anyone else's opinion), hey - it's just another day in paradise.
This is a discussion board. We all benefit from the discussion, whether or not we agree or disagree; whether we act on it or not. It's the process that matters. We need differing points of view. We don't need plain vanilla agreement across the board.
Now, convince me. Of something. Of anything! It's not personal.
*** note, what you're saying reflects a basic bedrock principle of investing. Your goals & situation may be different, so your targets and timing will also be different. (It's different for every one of us.)
Now, convince me. I have cast iron balls. I can take it.
I knew it would happen.
<< <i>Some don't always get along with each other, myself included obviously, but ultimately I think it's all done in a way to provde another perspective, and I can appreciate that. >>
share your perspective on why you should keep the high premium "collector" bars and dump the bullion. I personally would have done it the other way around if I were to choose. However, the big picture tells me this is no time to even be making a choice.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Silver is a dog. It's not the only place to invest. I gave it a chance, came across some cool bars that i'm keeping, but the thrill is gone. Silver has lost its allure for what I want to do going forward. >>
POM....Don't let the door slam you in the ars as you exit.
It's based on $35 silver.
If you have convincing info and/or data, we'll all jump on it and you could be the hero for a day.
We all benefit from the discussion, whether or not we agree or disagree; whether we act on it or not.
Hmmm...let me see. Give all my time done on research, dd, entrance and exit strategy away for free, on the internet no less, only to be picked apart at every stop and be treated like this?
POM....Don't let the door slam you in the ars as you exit.
(A polite) No thank you.
Besides, if I was looking for affirmation, I know better than to come here to get it lol
Investing 101: Never talk about what your next trade is. Surprised I would even be asked to divulge.
I knew it would happen.
<< <i>entertaining and enligtening: All it Will Take is a Spark to Set the Debt Crisis on Fire: Could Canada be that Spark? >>
Canada has a problem with overpriced real estate, but they are hardly "on the edge of the abyss". These newletter blog guys are running out of material and getting desperate.
Knowledge is the enemy of fear
So are the panic button pressers here. After awhile, with no follow thru, it gets as stale as a B&M dealers breath at the end of the day.
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>I've been reading the reason why Q3 hasn't kicked in yet is due to the banks readiness to react or the lack of. They are hesitant in hiring more staff to push the morgage paper work through faster. I feel that's all going to change fast if Benanke wants to acheive what he started out to do by declaring QE3. >>
Had QE1 been successful, there would have been no QE2. Had either of those been successful we wouldn't have QE3. FED has learned to quit adimitting its failures by making QE3 indefinite. The FED will eventually realize, or go bust doing so, that they cannot indefinetly correct the mistakes of a country that spends more than it takes in. It's no different than the owner of a company telling the bookkeeper to keep writing checks even when there is no money left in the bank. Eventually the bookkeeper realizes that it is his name on the bad checks.
FED has not been successful in encouraging banks to lend and consumers/businesses to borrow. Borrowers have learned from previous easy money policy that easy money does not remain easy, especially when it is time to pay it back. Until national leaders learn this it will continue to be wash, riinse,and repeat. This is what has been keeping PM prices above what they were the previous year for quite a few years now. What the stacker has to ask himself is "has anything changed?"
The only effective tool the FED has left is its policy of paying a small interest rate to banks that keep all the new money on deposit with the FED. If the FED were to charge these banks a fee to hold that money the banks would be "encouraged" to instead loan it out to consumers and businesses who will pay them interest. To encourage borrowing the banks would in turn have to lower interest charged on loans even further. The risk with this is possible inflation increases as new money eventually hits the streets. The FED's push for easy credit and increased debt will continue to ruin the economy (as demonstrated in 2008) and its practice of throwing new money into the economy will continue to devalue the dollar. This will continue to fuel PM prices.
Short term PM price dips and corrections will continue to affect PM holdings, but the long term trend is still quite positive. I prefer the steady rise in PMs, it reflects a dollar that still has value. A quick shot to the moon in PM prices means complete loss of trust in the dollar. Near zero trust in the dollar will result in hyperinflated consumer prices. As long as PMs and dollars hold value, swapping one for the other remains possible.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>These newletter blog guys are running out of material and getting desperate >>
The reputable newsletter guys are repeating the same warnings they issued at $600 gold and $10 silver. Because they were correct then, they are wrong now?
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.