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Thought for the day.....

DoubleEagle59DoubleEagle59 Posts: 8,315 ✭✭✭✭✭
Remember not too far back when Silver was $40 to $50 an ounce, how we dreamed....hoped......and yearned for such a day as this?

The big economic picture hasn't changed.

It's actually gotten worse (good for PM's).

Keep stacking everyone, you can't go wrong.

And with each price drop it gets better everyday.

Don't say 'bye-bye' to PM's.......say 'buy-buy'.
"Gold is money, and nothing else" (JP Morgan, 1912)

"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

"I only golf on days that end in 'Y'" (DE59)

Comments

  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    I calculate "paper profits" but I don't hang my hat on them.

    It takes some balls to buy after you've been roughed up a bit, but it's just as important to stick to an overall plan as it is to have great timing.

    No biggie.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DoubleEagle59DoubleEagle59 Posts: 8,315 ✭✭✭✭✭


    << <i>I calculate "paper profits" but I don't hang my hat on them.

    It takes some balls to buy after you've been roughed up a bit, but it's just as important to stick to an overall plan as it is to have great timing.

    No biggie. >>



    I said it before and I'll say it again.

    Back in 2008 when the price of silver dropped in one day (or so it seemed) from $21 to $9, I honestly slept like a baby that night.

    And for you wiseguys, I didn't cry like one, but slept like one. image
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    Back in 2008 when the price of silver dropped in one day (or so it seemed) from $21 to $9, I honestly slept like a baby that night.

    I had just bought a green monster box at $21 before it crashed. I remember thinking, "Wow, look at that!" Then I remember thinking, "whoops". I started buying some more silver when it got back to $12, but it wasn't quite as easy as before.

    Then, I bought some more. It's a great way to save, and sometimes you make money too.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DoubleEagle59DoubleEagle59 Posts: 8,315 ✭✭✭✭✭
    Well, I guess with silver, it's 2008 all over again.

    Kind of tells us our next move, doesn't it?
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>Well, I guess with silver, it's 2008 all over again.

    Kind of tells us our next move, doesn't it? >>



    Silver will not bounce right back this time. The reasons for its decline are different now.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

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  • DoubleEagle59DoubleEagle59 Posts: 8,315 ✭✭✭✭✭


    << <i>

    << <i>Well, I guess with silver, it's 2008 all over again.

    Kind of tells us our next move, doesn't it? >>



    Silver will not bounce right back this time. The reasons for its decline are different now. >>



    I do agree that it will not bounce right back up this time.

    It will recover though, but it will take time.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Once again the crystal balls are out and all are predicting the future - likely 50% will be right image . I believe it will recover more quickly than most imagine..... let's bookmark this thread and see what transpires....Cheers, RickO
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    These are good times for those who can see the silver lining in a cloud.
  • DrBusterDrBuster Posts: 5,388 ✭✭✭✭✭
    Got powder?
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