Are you fearfull?
mariner67
Posts: 2,746 ✭✭✭
PMs really seem to be in a secular bear market....could last decades.
As a stacker, at your age or stage in life are you worried?
PMs may not recover in some of our lifetimes.
I have been through it before....so I know it can happen again now.
Not trying to be a big bummer here....just wonderin'
As a stacker, at your age or stage in life are you worried?
PMs may not recover in some of our lifetimes.
I have been through it before....so I know it can happen again now.
Not trying to be a big bummer here....just wonderin'
Successful trades/buys/sells with gdavis70, adriana, wondercoin, Weiss, nibanny, IrishMike, commoncents05, pf70collector, kyleknap, barefootjuan, coindeuce, WhiteTornado, Nefprollc, ajw, JamesM, PCcoins, slinc, coindudeonebay,beernuts, and many more
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Comments
<< <i>PMs really seem to be in a secular bear market....could last decades.
As a stacker, at your age or stage in life are you worried?
PMs may not recover in some of our lifetimes.
I have been through it before....so I know it can happen again now.
Not trying to be a big bummer here....just wonderin' >>
No need to fear unless you have dinner money in the PM markets. Sure the bear market could last decades but it probably won't and we'll likely start another bull run before the decade is out.
Try to have fun with metals and don't stress out over things you cannot control. It's not a bummer if you can laugh at yourself and realize how lucky you really are. Peace out.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>My greatest fear is that the government will get its financial affairs in order---balanced budget and pay down the national debt. This would certainly take the luster off PM's. >>
Can you imagine what it would take to do that? The mind boggles.
<< <i>My greatest fear is that the government will get its financial affairs in order---balanced budget and pay down the national debt. This would certainly take the luster off PM's. >>
Seeing as to how the government has been doing the opposite of that and PMs have tanked, "getting its financial affairs in order" may be necessary to get PMs back in the precious category.
Yikes. We're doomed.
Here's a warning parable for coin collectors...
<< <i>
<< <i>My greatest fear is that the government will get its financial affairs in order---balanced budget and pay down the national debt. This would certainly take the luster off PM's. >>
Can you imagine what it would take to do that? The mind boggles. >>
With the entitlement mentality of the average voter it would take a dictatorship.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I had no interest in putting all my eggs in one basket or becoming a flipper so, no, no worries about declining PMs at all.
Member ANA, SPMC, SCNA, FUN, CONECA
Cohodk mentioned something about the lowest job claims in over 40 years. That can be said of the HUI to Gold ratio as well. Except that goes back to 1942 before you will find anything lower. This has already "lasted decades" in this specific example. Reversion to the mean?
<< <i>I assume that my heirs will be the ones to benefit from my precious metel collection.....they have no money invested so it will be pure profit for them >>
+1
<< <i>
<< <i>I assume that my heirs will be the ones to benefit from my precious metel collection.....they have no money invested so it will be pure profit for them >>
+1 >>
+2
<< <i>
<< <i>
<< <i>I assume that my heirs will be the ones to benefit from my precious metel collection.....they have no money invested so it will be pure profit for them >>
+1 >>
+2 >>
My kids think that the barbarous relics have no place in the new world. I'm taking mine with me to the grave
mark
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>
<< <i>
<< <i>I assume that my heirs will be the ones to benefit from my precious metel collection.....they have no money invested so it will be pure profit for them >>
+1 >>
+2 >>
My kids that the barbarous relics have no place in the new world. I'm taking mine with me to the grave
mark >>
I'm digging you up, just don't set any booby traps. Be sure to tell your heirs to put a raw super gem MS Walker in your vest pocket. Wonder what decomposition toning looks like?
Too many positive BST transactions with too many members to list.
<< <i>Like going to a casino, don't gamble with money that you can't afford to lose. >>
That's why I am staying away from the stock market.
<< <i>
<< <i>Like going to a casino, don't gamble with money that you can't afford to lose. >>
That's why I am staying away from the stock market. >>
Good point. Paper assets are not without their own risks.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Liberty: Parent of Science & Industry
<< <i>Fairly comfortable with an asset allocation that includes exposure to the risks and rewards of stocks, real estate, numismatic coins, precious metal bullion, and misc. other objects of desire including green and digital US dollars. >>
You left out race horses and the kitchen sink, Baley!
Already there! 😅
I give away money. I collect money.
I don’t love money . I do love the Lord God.
mark
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>Only of clowns
mark >>
stay away from Switzerland then
<< <i>
<< <i>Fairly comfortable with an asset allocation that includes exposure to the risks and rewards of stocks, real estate, numismatic coins, precious metal bullion, and misc. other objects of desire including green and digital US dollars. >>
You left out race horses and the kitchen sink, Baley! >>
Also left out AU$1 & C$1.
<< <i>My greatest fear is that the government will get its financial affairs in order---balanced budget and pay down the national debt. This would certainly take the luster off PM's. >>
Regarding PMs, I think most aRe more disallusioned than fearful. Strong belief systems can overwhelm judgement. 5000 years of war in the Middle East is an excellent example.
Knowledge is the enemy of fear
<< <i>
<< <i>Only of clowns
mark >>
stay away from Switzerland then
less then zero chance of me opening that link.
mark
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>
<< <i>Only of clowns
mark >>
stay away from Switzerland then
less then zero chance of me opening that link.
mark >>
When I first saw it I thought it was an onion story but apparently its real
bob
<< <i>
<< <i>
<< <i>
<< <i>Only of clowns
mark >>
stay away from Switzerland then
less then zero chance of me opening that link.
mark >>
When I first saw it I thought it was an onion story but apparently its real
And I'm also afraid of bob
mark
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......