Sell Everything Else and Buy Silver

Quote from Joe Doaks:

Average down. The analysis is not about immediate gain. It is about here to put your cash that has more long term value than cash.
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Had somebody held cash since the OPs "call" they would be up slighty in buying power of all things dollar denominated.

Had they held SLV they would be down 31%

What if somebody really had sold it all and bought SLV?

This thread and the OPs call is a joke. Is he gonna come out now and say "sell the rest of your belongings and average down"?
 
Quote from Visaria:

FWIW, i'm expecting silver to hit the lows again ($26 ish) at some point. If i'm right about gold going to 1100-1300, silver will go down with it.
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The thing is that gold is holding up better than silver, so I think silver is underpriced. But what do I know? Whenever I got a shiny silver Morgan dollar for my birthday I always spent it on silly shit. RC colas and moon pies. I'd guess that the average cost of my physical is under $20. So if you're right I'll still feel smart.
 
Quote from Crispy:

Had somebody held cash since the OPs "call" they would be up slighty in buying power of all things dollar denominated.

Had they held SLV they would be down 31%

What if somebody really had sold it all and bought SLV?

This thread and the OPs call is a joke. Is he gonna come out now and say "sell the rest of your belongings and average down"?
More...

Well, it may be wrong, but it's not a joke. It is based solidly on analyses of detraces, non-moving overages, and value relative to a basket case of commodities.
 
The point of PMs is this: how much do you piss away in insurance every year? Three grand for your house? Two grand for cars? A few hundred for term life? A couple of grand for health coverage? Five percent of your take-home total? To hedge against really long loss odds? At least when you buy fiat collapse insurance you get to keep some of it.
 
Quote from Crispy:

Had somebody held cash since the OPs "call" they would be up slighty in buying power of all things dollar denominated.

Had they held SLV they would be down 31%

What if somebody really had sold it all and bought SLV?

This thread and the OPs call is a joke. Is he gonna come out now and say "sell the rest of your belongings and average down"?
More...

Without more specifics (time horizon, profit targets, stops if applicable, whether to average down) both the original call and your criticism are pointless.

What if the OP told everyone to "buy silver now" in 2008 after it dropped from $20 to $15? It fell to about $9 before it rebounded and then more than tripled in three years. Would that be a good or bad call? Again, it depends on many factors
 
Quote from jsp326:


What if the OP told everyone to "buy silver now" in 2008 after it dropped from $20 to $15? It fell to about $9 before it rebounded and then more than tripled in three years. Would that be a good or bad call? Again, it depends on many factors
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He didnt...he told everyone to buy it @ 39 and its now @ 29. As it stands here and now its a horrific call. One that requires a 34% gain to get back to even. Dead money for the next 10 bucks in upside...
 
You see the red sell signal at the left end of the bottom study at 4/27-28? That was spot on. So the buy signal is a bit soft. Do you buy on the way up or on the way down? Buying on the way down is like crossing a muddy stream. You have to find the bottom the hard way. I deriterate the buy silver call.
 

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Quote from Crispy:

He didnt...he told everyone to buy it @ 39 and its now @ 29. As it stands here and now its a horrific call. One that requires a 34% gain to get back to even. Dead money for the next 10 bucks in upside...
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The example I used had a signficantly larger drawdown. But it tripled in 3 years--and did even better if you cost averaged a few times.

Again, it's only "horrific" (or great) depending on the context of the call.
 
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