How do you know when its a crash?

Really2

Loopgames wrote: »

It's like saying my house has increased/decreased in value - it matters nought until you actually sell it. So silver may always make you money just like property - depends when and if you ever sell.

No, any PM spammer on here will say your house as gone up 30% compared to silver.:)

IronWolf

If you'd sold silver and bought a house a week ago, you could now sell your house and buy 40% more silver than you owned before

Loopgames

IronWolf wrote: »

If you'd sold silver and bought a house a week ago, you could now sell your house and buy 40% more silver than you owned before

That's so true

Generali

If gold and/or silver are the only true forms of money (as some appear to believe or at least profess) you'd imagine that they'd be cheering gold and silver all the way to the bottom.

After all, if the value of these pieces of true money is fixed by virtue of being finite (unlike fiat money say which is infinite, in theory at least) then the more of it you can get in exchange for transient assets the better.

I can see why someone who has invested in a house or a share would want it to rise in value but someone buying gold surely wants the price to fall and stay as low as possible as money has to be spent, it can't just be a buy and hold proposition.

Loopgames

Generali wrote: »

If gold and/or silver are the only true forms of money (as some appear to believe or at least profess) you'd imagine that they'd be cheering gold and silver all the way to the bottom.

After all, if the value of these pieces of true money is fixed by virtue of being finite (unlike fiat money say which is infinite, in theory at least) then the more of it you can get in exchange for transient assets the better.

I can see why someone who has invested in a house or a share would want it to rise in value but someone buying gold surely wants the price to fall and stay as low as possible as money has to be spent, it can't just be a buy and hold proposition.

It depends on the context - one could hope for anything but that's not going to be practical is it.

Buying and holding whilst inflation increases and only selling when you need it is just another strategy. It's a cycle though - boom and bust for economy means bust and boom for pms.

You can only work within the parameters of the markets.

purch

If gold and/or silver are the only true forms of money (as some appear to believe or at least profess) you'd imagine that they'd be cheering gold and silver all the way to the bottom

Yep, I did try to explain this apparent anomaly to them countless times, but they were so brainwashed, they couldn't see sense.

IronWolf

Almost down to $33 today, its still tanking, down beneath the 2-month low now

chewmylegoff

IronWolf wrote: »

Almost down to $33 today, its still tanking, down beneath the 2-month low now

recovered to $35 now, it's going to the clouds! buy buy buy.

purch

I wonder how smeggy's genius trading strategy that he was trying to teach everyone is faring ?

Buy, and never take a loss.

His missus will need to work 24/7 just to cover the margin :eek:

IronWolf

purch wrote: »

I wonder how smeggy's genius trading strategy that he was trying to teach everyone is faring ?

Buy, and never take a loss.

His missus will need to work 24/7 just to cover the margin :eek:

Im guessing quite a few spreadbetting accounts without stop losses have got wiped out by the sudden decline.

Unless he had enough money in the account to cover a complete collapse, but who would do that