how about the people that lost their shirt in the NASDAQ during the dot.com bubble? Or the ones that lost everything in housing...hey how about in 1980 when people lost everything in the bond market when interest rates went to 20%? You see...people that dont do their homework and buy at the top always lose their shirt no matter what the investment vehicle is....not just commodities!
picking the exact top or bottom for that matter is next to impossoble....silver is down again today...so what.....my point is I was able to buy another 100 ounces for about 600 dollars so that works out to 6 dollars per ounce. And besides, puts are not cheap.....there is no guarantee that a correction will come and these puts cost me about 500 dollars. For the unsophisticated investor better to just buy and hold as silver will eventually go to 100 dollars anyways......and if you sold then there is the tax implications...better to ride out the fluctuations and hold until interest rates finally rise!
in 2008 silver first peaked at 21 dollars...then it came crashing down to 9 dollars...but look at it today? Its at 35 dollars......as mentioned many times.....silver is volatile.....even as it climbs to 100 there will be many more corrections...also as the price keeps rising the corrections will be more dramatic. And I guess on its way to 100 dollars I have to listen to clueless fools that will keep trumpeting time to sell every time it makes a correction Just better to buy and hold.....silver will go up again....so long as interest rates remain at zero....too bad you just dont understand the basic fundamentals of how investments work
I bought few days ago and even though it wasnt the exact bottom I still bought for around 6 dollars per ounce if you factor in the profit from the puts I owned! The fact that silver is volatile can actually work to your advantage...selling and buying back at the low is unwise as there are tax implications to consider...in some instances the tax burden is more than the savings in the lower silver price. So just buy and hold....it will eventually go to 100 dollars
silver is eventually going to 100 dollars per ounce...not this year....perhaps not next year either....but it "IS" going to 100 dollars per ounce!
I never sold my silver either....too much tax to pay...even if by fluke I could buy back at 30...that would mean I am just breaking even once you factor in the tax burden....so better to buy and hold...its going to 100 dollars anyways!
you remind me of ron paul, in 1988 when he said there would soon be a depression greater than the one in the 1930's more than 22 years later and still no depression
but the volatility can work in your favor if you buy puts...the problem is that puts are not cheap and silver doesn't always correct....I was lucky this time!
Sure, just like you said silver went down when you said it was going up the stock market went up when you said it was going down.
just keep buying your stagnant stocks......I bought more silver on the cheap and soon its going to 50 and beyond.....I may not know when but I do know the trend....as for stocks? OH...it may eventually hit 13,500........but silver will have to hit over 50 for the DOW to do that this is the decade of silver, gold, and oil stocks ( grains too) paper stocks are just stagnant investmants that are slowly being erroded by inflation! Like I already said....there will be many more corrections on its way to 100 and the corrections will actually get more spectacular...and of course guys like you that own no silver will once again jump on the bubble bursting bandwagon.....I guess it makes you feel a little less dumb when silver falls But too bad...its temporary......and silver will rise again....I have seen corrections that lasted 6 months or more......you just need to be patient!
Sure, just like you said silver went down when you said it was going up the stock market went up when you said it was going down.
but I 5 folded my money since 2003...can you say that? Even gold which is much more stable than silver has quadrupled......I actually own way more gold than silver.....I may own more silver in terms of ounces but in terms of dollars I own way more gold. I am willing to bet that at best you are breaking even since 2002
Sure ya did. Just like you made all that money on puts when the market collapsed! Anyone can say anything on the internet!
and like I really care what you believe and what you don't I guess admitting that I just know more than you is a bitter pill to swallow huh?
There's no tax burden for physical transactions, but yeah. It's going up in the long run regardless of what the herd does in the short run. The morons can try to make hay out of the short term fluctuations, but I've tripled my investment in the last 2 years and they haven't, so....
So you're saying it did not take gold about 25 years to return to 800 an oz after the early 1980s, because you've done your homework. Right?
No, I'm saying that your argument is fallacious. It assumes that the market in 1980 somehow predicts the market in 2011 when we both know that you have no logical reason to believe that. You may as well say "don't buy a dodge; I had a dodge back in 1980 and it was always getting flat tires"; it's about as sensible as what you've stated here. How can you assess risk or predict the market when you have no Earthly idea of what's driving it? That's why I'm pulling in crazy profit while you're spouting fallacies.
I did not assume anything. I pointed out the historical record which does not support the assumption you made that silver is going to continue on its upward path.
The historical record neither supports nor refutes my prediction. Only a hapless amateur would try to base their predictions off of some crap that happened 30 years ago as if that's somehow relevant. If you've never heard the phrase "past performance does not indicate future potential", then perhaps you should leave this discussion to others more qualified than yourself. What supports my prediction is the market fundamentals.
