Tee Hee

lvader

Silver now $29.50 and sinking fast.

HAMISH_MCTAVISH

So back when I noted all the silverbugs will get wiped out, for all the very same reasons they think they won't......

This is a perfect example of why.:rotfl:

BEARSvsBULLS wrote: »

Now $25 You have to love silver's volatility, what an opportunity.

I am buying today, if it goes lower I will buy a lot more.

You do not often get opportunities to buy something so undervalued this cheap.

Graham_Devon

Really2 wrote: »

Ok if they did that, a bit odd to hold cash and not hold silver if it was a "true store of wealth"
That is kind of the point made at the start, if you believed it was a store of wealth you would not be selling to hold something you believed would not hold value, cash!

You are the only one going on about it being a true store of wealth.

What are you arguing? Who are you arguing with? It's not something that appears to be said on here, certainly not by me...so not sure why you are hounding me with this true store of wealth thing?

Graham_Devon

HAMISH_MCTAVISH wrote: »

So back when I noted all the silverbugs will get wiped out, for all the very same reasons they think they won't......

This is a perfect example of why.:rotfl:

It's the same across all stocks.

Everyone saying they are piling in. But they will pile in again tommorow as it's always the new low.

They obviously are not piling in. It's just words. If their stock is such a great thing they'd have ploughed their cash into it already. Not held cash back for every new low.

Just wouldn't get yourself too excited by people loosing money Hamish. Oil is just over $100 a barrel now. That will have an effect on you....you've already told us the higher it goes the better for you.

As I keep saying, every commodity is tanking. I've come to terms with the fact my money has been swallowed up. Unfortunately I took a little too much notice of people like yourself only wanting to ramp ramp ramp. Not one single ramp has come true. Sadly, not even close.

The "imminent" licence is still "imminent" 11 months on and now 21 months over deadline.

Hamish...Question. You recently stated you were pulling cash from investments to buy a BTL. You didn't buy a BTL. Savers are parasites in your words. So where is this cash? You had it in investments. You don't like savers, and you won't take the plunge and actually buy something yo uhave told us is fantastic for the past 3 years.

So where is this money? You must be losing out too...as no one is winning at the moment....unless you have joined your so called parasites?

Really2

Graham_Devon wrote: »

You are the only one going on about it being a true store of wealth.

What are you arguing? Who are you arguing with? It's not something that appears to be said on here, certainly not by me...so not sure why you are hounding me with this true store of wealth thing?

I never said you, but when I said it earlier you soon jumped on it
Here is one of 17 pages of hits when searching silver, wealth

RDB wrote: »

Well for a start we are not talking about money here. To be money something has to be a store of wealth over time. Only gold and silver can be called money what we are using today can be called fiat currency.

It has been many times GD especialy when evaluating house prices?

Either you are blind or hate the idea that so many of us said they were talking rollox and were right, silver is not a store of wealth, hedge against inflation etc, etc.

nembot

I was under the impression metals outperformed house price inflation by an order of magnitude?

No wonder Mshrifty is angry....

I wonder how he's going to feel when the a$$ falls out the housing market

Graham_Devon

nembot wrote: »

I was under the impression metals outperformed house price inflation by an order of magnitude?

No wonder Mshrifty is anger....

I wonder how he's going to feel when the a$$ falls out the housing market

He'll just state it's the best opportunity anyone has to get in now and not miss the boat.

He'll also say people will simply buy more if house prices fall.

You know, just like every other bullish investor in any other commodity, including those he laughs at for stating such things.

Flight2quality

Graham_Devon wrote: »

Unfortunately I took a little too much notice of people like yourself only wanting to ramp ramp ramp. Not one single ramp has come true. Sadly, not even close.

That is the house price rampers all over. They will not stop ramping house prices even as they continue to fall.

HAMISH_MCTAVISH

Flight2quality wrote: »

That is the precious metals rampers all over. They will not stop ramping precious metals even as they continue to fall.

Fixed that for you.;)

gagahouse

So why is gold now falling?

Technical - it was trading at 4 std deviations and is mean reverting?
Liquidation - cash being raised to meet margin calls elsewhere?
Fundamental - bonds pricing in deflation implies positive real interest rates ahead?

answers on a postcard...

I think it's a combination of all three