Up 439% for me. Nice to finally make some money <G>...

 

Just hit 43.80

 

It annoys me that there are no significant pullbacks, because I want to load up on every pullback.

 

The pullback will come around 60-70

 

If I can net 0.75% out of a pullback, I'm happy. Do that three times a week and you're golden. If I do it twice a week, I cover my living expenses.

 

Did you guys sell in time?*

How To Go Broke Trading Silver Futures





*Yes, I know the chart is referring to silver futures and not the actual spot price.

 

My advice, always pullout.

 

Just came here to find out what is going on with the silver hounds after seeing the market today.

who is in for some dollar cost averaging?

 

LOL at that picture. Haha that's me.

**** MARGIN CALL!!!

Well actually, it's thankfully not me lol.

 

I've got a box of $2000 worth of silver sitting next to me. I was thinking about offering the guy money for it outright to keep for myself, but I don't want to get into the habit of doing that.

In my mind stocks are all the same. I have 2 that I play with and when I make money on one I lose it on the other. I'm not much of a stock person.

 

Buying opportunity.

 

based on what?

 

y8s

Agreed, most of us are buying physical anyways which is actually holding stronger. We are not buying to make money, though it has been doing just that. People are actually calling the big boys out and cashing out in physical. It will climb again in a couple of weeks.

 

Silver and Gold are both going up in anticipation of the mass inflation that's coming due to most of the central banks of the world increasing their monetary base. QE1, QE2, QE3 ... it'll be worse than Nightmare on Elm Street.

Metals are not an "investment", they're a hedge against mass inflation.

Central bankers inflate in good times. They inflate more in bad times. All they know is to inflate. And enrich their buddies at Goldman Sachs and JP Morgan. And yet the existence of the gov't-granted monopoly debt-based fiat monetary system, is the very cause of the boom/bust cycle.

John Maynard Keynes is rotting in a very special place in hell. Waiting beside him is a space for Alan Greenspan.

The FED will stop inflating just short of hyperinflation. When the Federal Gov't goes bust because the accounting has finally caught up, soon after that will be the time to sell metals and buy more real estate and invest in Asian stocks.

 

I was moving some money around today and remembered this thread.

Some numbers from 2011 (4/19/11 was the date in the thread):

$43.80 = Silver (what jacob300zx invested in)
$30.46 = RYTNX (what I invested in)
$78.94 = VB (what SixShooter invested in)

Today:
Silver = $17.15 (down 41%)
RYTNX = $64.90 (up 113%)
VB = $109.09 (up 38%)

FWIW, I've been thinking a lot about **** (kind of a mid-life crisis type of thing). I've pulled half my money out of the stock market on 9/13 (I think that was the day - right before it spiked and started going down) and am rethinking what my investments and life are going to be like in the 8 years I have left to work (I am 47 now) and beyond. I've done OK for myself so far and would like to concentrate a little more on wealth conservation vs acquisition. I currently put a mind blowing 71.5% of my taxable income into investments. No vacations, no toys, no fun. I put the V8 Miata up for sale after driving it only 200 miles over the past year and have someone coming over to look at it this afternoon. I want to clear up some stuff and relax a bit. I've also thought about leaving my current job of 25 years and doing something else. I have no idea how this will all work out or what I will be doing in a few years...

 

more details about v8 miata for sale?

 

I don't want to advertise a car for sale in the BS thread. You can see the car here:

V8 Miata - 383 Stroker !!!

 

I'm seeing silver and gold down here at bargain basement prices. I suspect this isn't the bottom of the bottom, but is it worth considering looking at them again?