Tee Hee

Graham_Devon

HAMISH_MCTAVISH wrote: »

Silver is now down around 40% from peak. It doesn't pay a dividend or yield. You can't live in it or eat it. It has no utility value for the ordinary person beyond that of a shiny bauble..

It's a purely speculative commodity in a monster bubble, though crashing rapidly now.

You still won't even look at the point I made earlier.

Silver is down that much because people have CASHED IN. Clicked on some buttons and removed their cash.

You make it sound like everyone is losing money and is impailed on a silver spike.

It's fluid. Profits have been made. People can buy in and sell out in a matter of minutes.

There will be those who invested and won't pull out. But the point is they CAN pull out whenever they want. It's a different investment to houses, whereby if the market tanks, you go with it whether you like it or not, as you are not going to be able to sell up that quickly. You have to get your tenants out for a start, and then put it on the market.

You don't have to keep maintaining your silver investment while it falls either.

I'm not invested in silver. I'm invested in oil and then mostly copper and nickel, along with anything else they find. These have also fallen and I took the concious decision to not sell, which in hindsight was silly, but there we go, I didn't know that at the time....it's called investing.

You simply cannot compare BTL investments where you are physically stuck if the market falls for at least a few months, at best to markets where people are buying and selling daily, sometimes many times a day, and are able to bet on outcomes. You try, god knows you try....but no amount of trying is going to allow you to compare them.

Both silver and gold have doubled in value since you stated it was a bubble about to burst. That's all we need to know. Of course one day it will burst, but you did get this one amazingly wrong. Many of us did. It's just that some of us are quite happy to admit it, whereas you....your just there shouting from the rooftops every time gold or silver pull back.

Blacklight

If people are cashing in and making massive profits where are they stashing it to protect against high inflation?

Graham_Devon

Blacklight wrote: »

If people are cashing in and making massive profits where are they stashing it to protect against high inflation?

Overall, they probably haven't made profits, looking at their entire investment portfolio.

A lot of the cash being pulled from gold is being used to offset losses elsewhere.

lvader

Blacklight wrote: »

If people are cashing in and making massive profits where are they stashing it to protect against high inflation?

What high inflation?, inflation has been high because of high commodity prices. Inflation drops pretty quickly after a commodity price crash.

HAMISH_MCTAVISH

Graham_Devon wrote: »

Silver is down that much because people have CASHED IN. Clicked on some buttons and removed their cash.

Fascinating.

A trade without a counter party. Nobody loses money. Silver must truly be the miracle investment Graham. All hail Silver. :rotfl:

Of course in the real world, someone had to buy that silver at peak for the previous owner to cash out. No wonder the silverbugs have been ramping so much.;)

They may have noticed it took 30 years of holding a zero yielding asset to approach the old nominal price peak last time it fell.:cool:

HAMISH_MCTAVISH

Graham_Devon wrote: »

cash being pulled from gold .

Huh. Interesting.

So much for a "true store of wealth" then.:)

Graham_Devon

HAMISH_MCTAVISH wrote: »

Fascinating.

A trade without a counter party. Nobody loses money. Silver must truly be the miracle investment Graham. All hail Silver. :rotfl:

That's not what I said, and you know it. I even referred to those still in and those who will have lost money.

If that's your argument, I guess you are stumped. And notice you still won't go anywhere near the fluid part. Not that that's even mildly surprising with the majority of your arguments based on pure ignorance!

ruggedtoast

If gold really does tank McTavish will jizz himself, there may also be some long faces on hpc.

crash123

HAMISH_MCTAVISH wrote: »

Fascinating.


Of course in the real world, someone had to buy that house at peak for the previous owner to cash out. No wonder the hpi`s have been ramping so much.;)

They may have noticed it took years of holding a house to approach the old nominal price peak last time it fell in the last recession:cool:

Fixed that for you. Just remember this recession/depression is not over. if they continue down the same path it will take years. I don`t have a problem with this path but many do and I do feel sorry for them but we can`t go back to the good old debt years of lending bigger and bigger amounts just so that house prices can go up and up.

Flight2quality

HAMISH_MCTAVISH wrote: »

Silver is now down around 40% from peak. It doesn't pay a dividend or yield. You can't live in it or eat it. It has no utility value for the ordinary person beyond that of a shiny bauble..

It's a purely speculative commodity in a monster bubble, though crashing rapidly now.

Whereas UK housing is down just 10% from peak, four years on from the crash. Housing pays a yield, either imputed or realised, of 5.5% or so on average per year. Given that the only choice most people have is to either buy or rent, then for most people in most areas, buying even at peak is now a better financial choice than not buying and renting the equivalent house since.

That daft silverbug and his socky identities have been trying to persuade people that silver is a safe investment, when it's clearly not. Hence the ban. The last time silver crashed in 1980 it took 30 years, with no dividends or yield, for it to approach it's former nominal highs. Those people will NEVER see their money back. Just like the ones that bought silver earlier this year.:cool:

HAMISH_MCTAVISH wrote: »

Silver already crashed, silly boy. :rotfl:

Down 40% from peak now.:)

Gold fell by triple digits yesterday alone...... is that a record?:D

:rotfl: Ha ha after it shot up to over $1900 yes we are in the dip, in a healthy bull market you have dips and peaks but the trend is up up up.

You always say this same trash Hamish, every time there is a peak you go all quiet then in the next dip you spurt your same nonsense see gold and silver are crashing.

You forget your prediction that gold and silver were going to crash when silver was $8 in early 2009 and gold was not even over $1000.

All the way up every little dip you show yourself to be so stupid. When silver went over $20, back to $16 you said say silver is crashing. Again and again every dip the same stupid nonsense.

You will be spurting the same stupidity when silver goes over $60 then settles at around $40 something, then when it goes over $80 and settles back to $60 something getting ready for the next leg up.



Can you not see how markets work, can you not see how wrong you always are ever since your $8 oz silver prediction HAMISH_MCTAVISH you said "gold and silver were going to crash 100% guaranteed" and when anyone disagrees with you, you are so childish with insults. But when you are proved wrong you throw your toys out of the pram and go crying to the mods.

Give it a rest Hamish just admit you were wrong to predict Silver was going to crash after it just doubled from $4 to $8 per ounce.


By the way Hamish, I think you are posting more about silver than anyone else. Looking through your last posts 90% are the same nonsense about silver. Hit a nerve by any chance? :rotfl: