■ Silver Hits Highest Price Since March 7, 1980

Asheron

Price right now is $33 which is amazing

Llubrevlis

bendix wrote: »

What's the price today, Asheron?

Come on, front up. How much do you own? I've already established you're unwilling to put your money where you mouth is with your forecasts, so I'm intrigued to see how much of your own wealth is tied up in silver.

You won't reply of course.

You sound envious you wish you had bought in earlier?

Its not too late silver it is still cheap buy as much as you can at these low price before they are gone forever.

Kohoutek

bendix wrote: »

What's the price today, Asheron?

Come on, front up. How much do you own? I've already established you're unwilling to put your money where you mouth is with your forecasts, so I'm intrigued to see how much of your own wealth is tied up in silver.

You won't reply of course.

Ash has mentioned it before, he's coy about the actual amounts though.

https://forums.moneysavingexpert.com/discussion/comment/32447625#Comment_32447625

bendix

Llubrevlis wrote: »

You sound envious you wish you had bought in earlier?

Its not too late silver it is still cheap buy as much as you can at these low price before they are gone forever.

I have silver. Both physical and silver producers. It forms a small part of my very balanced portfolio.

Unlike some, I don't put all my eggs in one obsessive basket.

smeagold

bendix wrote: »

I have silver. Both physical and silver producers. It forms a small part of my very balanced portfolio.

Unlike some, I don't put all my eggs in one obsessive basket.

An obsessive one that has made 100% returns in a year;)

Cleaver

bendix wrote: »

What's the price today, Asheron?

Come on, front up. How much do you own? I've already established you're unwilling to put your money where you mouth is with your forecasts, so I'm intrigued to see how much of your own wealth is tied up in silver.

You won't reply of course.

I have it on good authority that Ash has put at least 75% of his pocket money in to gold and silver since getting a rise to £10 a week in 2008 after starting to wash his Dad's car.

In all seriousness, if Ash is over the age of 16 I'd be amazed. His posts remind me somewhat of what I was like when I was about 16, minus all this gold, silver and new world order stuff. But I think when you're a teenager you start thinking about life a bit more and you get obsessed with things that are left-field of mainstream thinking because it appeals to your rebellious, teenage side. When I was 16 I was a bit obsessed with Carl Jung's shadow theory and also convinced by a load of ropey old conspiracy theories. I was obsessed with pretentious bands with big theories, the comedy of Bill Hicks and a load of other left-wing anti-establishment poets and writers. Different subjects to Ash, but I had similar ideas that I was right and the rest of the world was wrong. At that age you think you're the first to conceieve of these ideas and I remember thinking how the rest of the world were idiots for not understanding the things I obviously understood. Like most people, I grew out of this when I became an adult.

So as I say, I don't think Ash puts much money in to gold and silver as I genuinely think he's a child. If he's an adult then I really do worry for him. He obviously won't comment on this as he doesn't comment on any aspect of his life, presumably because if he did the New World Order would track him down and steal his silver to melt down in to reptiles. Or something.

Kohoutek

Llubrevlis wrote: »

Its not too late silver it is still cheap buy as much as you can at these low price before they are gone forever.

Do you ever think there's a possibility you might be buying into bubble thinking?

bendix

smeagold wrote: »

An obsessive one that has made 100% returns in a year;)

Congratulations.

I too could point to times in my life when all my worldly wealth was in one asset (a house) and it did spectacularly well too. As you get older though it makes sense to spread your risk across a wide variety of assets.

It's a philosophy that has served me very well, thanks.

bendix

Cleaver wrote: »

So as I say, I don't think Ash puts much money in to gold and silver as I genuinely think he's a child. If he's an adult then I really do worry for him. He obviously won't comment on this as he doesn't comment on any aspect of his life, presumably because if he did the New World Order would track him down and steal his silver to melt down in to reptiles. Or something.

I don't think he's a child. Just child-like. I do agree with the childish obsession with weird theories which - of course - leads one naturally to a passion for metals and spending all your time scouring Youtube and websites for arguments supporting your position.

But, like you, I suspect he or she has next to nothing invested. He referred to a holding 'coins'.

When people are obsessed with the value of a single asset class (metals in the case of smea and Ash, or property in the case of Sibley and Hamish), it's usually a good indicator of two things:

1) They don't have too much wriggle room and any fall in value could be terrifying to their lifestyle or sense of wealth, and

2) They're terribly self-conscious that they are in one asset class, know it's a bad strategy yet maintain a beligerent faux confidence that they know it all, and everyone else is a mug.

smeagold

bendix wrote: »

Congratulations.

I too could point to times in my life when all my worldly wealth was in one asset (a house) and it did spectacularly well too. As you get older though it makes sense to spread your risk across a wide variety of assets.

It's a philosophy that has served me very well, thanks.

yes I agree entirely and soon I will be doing a bit of diversifying too, just not yet. back in 2008/9 I researched the metals for months and months and decided it was worth the risk of selling the house and buying metals, which worked out well so far. If you mean to diversify into equities(except producers energy miners) or bonds not a chance, I'll be diversifying into land or property or a business when the times right but that time aint now and I'll be holding out as long as poss, Of course its risky to put all your eggs in one basket, sometimes tho it pays off and sometimes it don't so before anyone considers doing it they wanna make sure they got their eyes wide open. I have to consider the fact I might just have been just plain lucky.