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A share of Amazon or an ounce of Platinum?

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  • VanHalenVanHalen Posts: 3,919 ✭✭✭✭✭

    @bronco2078 said:
    ........We can laugh at them for have $150 cell phone bills but they were trained to spend and consume relentlessly from the day they plopped out of the womb.

    I am amazed how many pay $2,000/year for their phones. The marketing of such devices has been marvelous.

  • bronco2078bronco2078 Posts: 10,192 ✭✭✭✭✭

    @VanHalen said:

    @bronco2078 said:
    ........We can laugh at them for have $150 cell phone bills but they were trained to spend and consume relentlessly from the day they plopped out of the womb.

    I am amazed how many pay $2,000/year for their phones. The marketing of such devices has been marvelous.

    Whats even stupider is adults buying these things for children :D .

  • MorganMan94MorganMan94 Posts: 1,330 ✭✭✭✭✭

    @MorganMan94 said:
    Platinum

    Right now I wish I had shares instead of ounces :( I admit it, I am an idiot.

  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    AMZN is on sale this morning

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @MsMorrisine said:
    AMZN is on sale this morning

    Yup...on sale for $1,800+ per share...time to jump on the bandwagon ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    AMZN hit an all time high yesterday.

    not trying to rub noses. just FYI.

    a 5% pull back from there puts it in the middle of a extremely recent and only a few days long support-resistance area at about 1800. 10% is at about 1700, which is another recent and short support-resistance area

    as far as recent and short, 1700 to 1800 to 1900 has been in the last 2 months with it making all time highs along the way. There's not a lot of time to establish broad, long standing support-resistance areas with that movement.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,250 ✭✭✭✭✭

    Can the OP change title to read:
    " A share of Amazon or 2 ounces of platinum ? "

    The time has come.

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @TwoSides2aCoin said:
    Can the OP change title to read:
    " A share of Amazon or 2 ounces of platinum ? "

    The time has come.

    That still would not be a contest... ;)

    AMZN: $1,886
    PLATINUM: $826

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,250 ✭✭✭✭✭

    @OPA said:

    @TwoSides2aCoin said:
    Can the OP change title to read:
    " A share of Amazon or 2 ounces of platinum ? "

    The time has come.

    That still would not be a contest... ;)

    AMZN: $1,886
    PLATINUM: $826

    Okay OPA. You're right. Let's make it 3 ounces.

  • shinywhiteshinywhite Posts: 346 ✭✭✭

    Silver

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    AMZN: Down to $1,889
    Platinum..............$764.00 (14 year low)
    Gold.....................$1,176
    Silver....................$14.42 (will it break below $14 before the dust settles?)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    AMZN down 6.5% from all time high

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @MsMorrisine said:
    AMZN down 6.5% from all time high

    Yup...down to $1908.. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • tneigtneig Posts: 1,505 ✭✭✭

    Amazon.

    You can sell it when you want and know what the price will be.

    COA
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @tneig said:
    Amazon.

    You can sell it when you want and know what the price will be.

    You're a little bid late to the "one year old party." ;) Your choice was as of 7/2017 & you'd be surprised as to how many picked Platinum.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭
    edited October 6, 2018 5:28AM

    Well, platinum has been walloped this past year or two - that's the reality. No doubt about it.

    Is the subsidized USPS still subsidizing Amazon? Not that it matters.

    I still don't like Bezos. And I still buy platinum. Why wouldn't I? Buy low.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭

    Buy low

    Beanies babies are low. So is GE. And 1998 Ford Taurus.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭
    edited October 6, 2018 8:45AM

    Beanies babies are low.

    Can we put you on record that buying platinum low is essentially the same as buying beanie babies?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cohodkcohodk Posts: 19,063 ✭✭✭✭✭

    @jmski52 said:
    Beanies babies are low.

    Can we put you on record that buying platinum low is essentially the same as buying beanie babies?

    Beanie babies have probably had better returns over the last decade.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    Beanie babies have probably had better returns over the last decade.

    That's a "yes", then?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @jmski52 said:
    Well, platinum has been walloped this past year or two - that's the reality. No doubt about it.

    Is the subsidized USPS still subsidizing Amazon? Not that it matters.

    I still don't like Bezos. And I still buy platinum. Why wouldn't I? Buy low.

    Agree, buying low is everyone's goal. But mine is to avoid a falling knife. Obviously your hand must be heavily scarred by now. In time it will heal, and I suspect Platinum will be the medicine. ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    _I suspect Platinum will be the medicine. _

    I'm still relatively happy with platinum as a component of the mix. Liquidity is a little bit of concern, which makes me glad that I'm done with my registry set as a medium for accumulation. Most of what I add now is just raw eagles or raw maples.

    The only problem with trying to avoid a falling knife is the same problem you have in timing the stock market.

    Kenny Rogers, "you never count your money when you're sittin' at the table, there'll be time enough for counting - when the dealing's done." :)

    I'll see that, and raise you one.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    jmski You forgot another part of the song.

    "You need to know when to holdem, know when to foldem, know when to walk away"....etc ;)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    $1780

    I can't put my money where my mouth is, but

    buy some AMZN here!

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭
    edited October 10, 2018 1:15PM

    ok

    so you missed 1780

    buy here at 1760

    going lower in afterhours action. 100 asking 1755.50

    dang... wish I had the free cash.... 1000 asking 1746

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • VanHalenVanHalen Posts: 3,919 ✭✭✭✭✭

    @MsMorrisine said:
    ok

    so you missed 1780

    buy here at 1760

    going lower in afterhours action. 100 asking 1755.50

    Now 1755.

  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭
    edited October 10, 2018 4:15PM

    @VanHalen said:

    @MsMorrisine said:
    ok

    so you missed 1780

    buy here at 1760

    going lower in afterhours action. 100 asking 1755.50

    Now 1755.

    as the PM owners (I'm one) look at the market sell off and hope that rallies (tough to live on both sides of the fence) the PM's....

    nasdaq 100 futures are selling off even more here before 5pm (electronic hours close for futures)... off a little more than 30 from pit trading (4:15) and 50 from 4pm stock market close.

    and at 8:15pm... futures are back to pit close levels

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    @MsMorrisine said:
    $1780

    I can't put my money where my mouth is, but

    buy some AMZN here!

    buy some more @ 1700

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭
    edited October 24, 2018 3:51PM

    I reiterate my buy at 1700 or less

    next support level down? ooohhh... somewhere between 1600 and 1500. let's call it 1550ish

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • thefinnthefinn Posts: 2,656 ✭✭✭✭✭

    The one that can't go to zero.

    thefinn
  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    Wah

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    jmski You forgot another part of the song.
    "You need to know when to holdem, know when to foldem, know when to walk away"....etc
    ;)

    The dealin's not over until it's over. :)

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    I don't care about Amazon, but I still can't get over the $260 spread between palladium and platinum.

    My opinion is that the premium for palladium over platinum just won't hold.

    Other than the visibility for palladium that was created by the Palladium Eagles, does anyone have some insight?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ARCOARCO Posts: 4,387 ✭✭✭✭✭

    Imagine if Jeff Bezos were a "stacker" and not a risk taking entrepreneur? He might have a few thousand ounces of silver, some gold and platinum buried in tubes in his backyard instead of being the richest man on the planet.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,250 ✭✭✭✭✭

    ...> @ARCO said:

    Imagine if Jeff Bezos were a "stacker" and not a risk taking entrepreneur? He might have a few thousand ounces of silver, some gold and platinum buried in tubes in his backyard instead of being the richest man on the planet.

    He is a stacker.... of paper.

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @jmski52 said:
    jmski You forgot another part of the song.
    "You need to know when to holdem, know when to foldem, know when to walk away"....etc
    ;)

    The dealin's not over until it's over. :)

    How true

    Lets see....
    silver was at $14.61 on 10/6 when you made your comment & it's now at $14.00 on 11/14. we are running out of time... >:)

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    When holding silver in particular, you ought to consider several things:

    1) Do you anticipate that industrial consumption and industrial demand will be increasing?

    2) Do you believe reports that there's an abundance and an oversupply of silver?

    3) Do you think that the monetary component of the price of silver is long past and won't be coming back any time soon?

    4) Do you think that a "risk on" environment due to government insolvency will eventually bring more attention to silver as a viable asset for barter and/or monetary exchange?

    5) Lastly, as Dirty Harry remarked "Do you feel lucky?"

    My response to all of these questions, except #3 is "yes, probably".

    Time is relative. Sometimes, a decade seems like just yesterday and sometimes minutes seem like hours. As always, I prefer having an asset that I can document and control close to the vest, as opposed to a paper asset that is totally at the whim of HFT programs on Wall Street that's held by some unaccountable brokerage or clearing house a thousand miles away and the Fed's self-serving agendas.

    But, that's just me. Your mileage may vary. Besides, if you're inclined to buy $14.00 is a better deal than $14.61.

    Imagine if Jeff Bezos were a "stacker" and not a risk taking entrepreneur? He might have a few thousand ounces of silver, some gold and platinum buried in tubes in his backyard instead of being the richest man on the planet.

    I'm sure that the taxpayers of New York are thrilled to be subsidizing Amazon now. As if New York had the money, it's the taxpayers who are "taking the risk", if ya ask me.

    https://zerohedge.com/news/2018-11-13/ny-taxpayers-pay-61000-amazon-hq2-job

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • santinidollarsantinidollar Posts: 1,056 ✭✭✭✭✭

    Amazon closed at $1,502 today. It’s down 25 percent during this market swoon. Was lucky enough to sell at $1,800 and looking for a re-entry point. But this whole market now is the old trying to catch a failing knife.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    Probably a good time for a bump.

  • MsMorrisineMsMorrisine Posts: 32,970 ✭✭✭✭✭

    amazon finally surpassing all time high in the after hours post earnings release. although, record keepers only count regular trading hours. t took a long time to recover... :(

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭

    Boom

    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......
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    There were several of these kinds of threads over the years, I know I started a couple or three, ‘Gold or Apple’ to name one. One I haven’t seen is....MGLICKER or Coinstartled, which will last longer? ;)

  • PerryHallPerryHall Posts: 46,073 ✭✭✭✭✭
    edited January 31, 2020 2:53AM

    I never understood the value of these apples versus oranges threads.

    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

  • OPAOPA Posts: 17,118 ✭✭✭✭✭

    @santinidollar said:
    Amazon closed at $1,502 today. It’s down 25 percent during this market swoon. Was lucky enough to sell at $1,800 and looking for a re-entry point. But this whole market now is the old trying to catch a failing knife.

    Patience is a virtue ... you should have waited. ;)

    AMZN closed at $1870 on 1/30
    after houra trading @ $2036 + $165

    Gold $1579

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,791 ✭✭✭✭✭

    I went onto Amazon today for the first time in maybe 5 years - to cash in a gift card. If I buy something for more than what is on the card, do I have to link a bank account to my Amazon account or something like that?

    I think I'd still rather have the ounce of platinum.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @PerryHall said:
    I never understood the value of these apples versus oranges threads.

    This kind of thread, and the investment contest ones, are a result of proclamations on here that PMs are better wealth-preserving, dollar hedging and "rescuing", non-riggable (but still, confoundingly rigged with Manipulation, lmao) vehicles there are, from the beginning to 5the end of history, period, full stop..

    With time, opinions are checked against facts, and relative credibility of posters is established 😉

    Liberty: Parent of Science & Industry

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    @PerryHall said:
    I never understood the value of these apples versus oranges threads.

    Also, reread the whole thread..
    There are Nuggets of Brilliance on all sides of a fairly interesting conversation, and since most of us have been here 5 or 10 or 15 or going on 20 years, we know each other pretty well by now, as well as "what actually happened ", it's fun and educational to have such threads:
    One could even make a case that that's the whole point of the entire CU forum.

    Liberty: Parent of Science & Industry

  • santinidollarsantinidollar Posts: 1,056 ✭✭✭✭✭

    @OPA said:

    @santinidollar said:
    Amazon closed at $1,502 today. It’s down 25 percent during this market swoon. Was lucky enough to sell at $1,800 and looking for a re-entry point. But this whole market now is the old trying to catch a failing knife.

    Patience is a virtue ... you should have waited. ;)

    AMZN closed at $1870 on 1/30
    after houra trading @ $2036 + $165

    Gold $1579

    I bought it from $250 to $600, so I’m not complaining.

  • NIPSZXNIPSZX Posts: 79 ✭✭

    $AMZN

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭

    @Baley said:

    @PerryHall said:
    I never understood the value of these apples versus oranges threads.

    Also, reread the whole thread..
    There are Nuggets of Brilliance on all sides of a fairly interesting conversation, and since most of us have been here 5 or 10 or 15 or going on 20 years, we know each other pretty well by now, as well as "what actually happened ", it's fun and educational to have such threads:
    One could even make a case that that's the whole point of the entire CU forum.

    Definitely entertaining; sometimes just plain embarrassing.

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