Econ Precious Metals

GA Firing Line

Shemp

Boomerwaffen Fuddmander
Kalash Klub
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Man that shit tanked lol

I'm long on PM tho so whatevs
 
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karlvv

The LEGEND
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Nah...thank the media for attempting to assist some of these huge firms regain some capital against the losses they just took. But I do agree...clown world.

Yup. It's all a scam and they will not lose.
 

oio

I suck dick
Nov 17, 2015
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Yup. It's all a scam and they will not lose.
That’s correct. Don't play their games as most that do will likely lose.
The few winners are the loudest and try to encourage others, while the majority of the losers keep quiet.
 

karlvv

The LEGEND
Kalash Klub
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Apr 3, 2015
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That’s correct. Don't play their games as most that do will likely lose.
The few winners are the loudest and try to encourage others, while the majority of the losers keep quiet.

Always will be. Seems like there might be a club and the plebs aren't in it.
 

oio

I suck dick
Nov 17, 2015
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Always will be. Seems like there might be a club and the plebs aren't in it.
Damn right, only the top players are in it.
Yet they successfully advertise the “possibility” to the masses and some swallow it up.
 

oio

I suck dick
Nov 17, 2015
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@oio

For your amusement:

Of course. If it has value it will be stolen.
What you mentioned here has been a big problem in Europe for years. I bought some from there for cheap a few years back and when they got here almost 1/2 of them had been leeched (they use some solution to dissolve and drain the pm out and sell it, so after doing that the cats are worthless)
That‘s the problem with many investments. Once it’s common knowledge it’s usually too late because others have chipped away at the potential.
Kind of like the old get rich quick schemes and late night infomercials. Some multimillionaire will “teach you” what he did. He almost certainly did do what he claims, however, his profit is now perpetual from getting paid to tell others and no longer from the original concept he’s selling. It gets exploited further when they attempt to give you leads and other info for 3 easy payments of $99.95 or whatever. “But wait, special offer, higher level, blah blah blah”
People that buy into it think “whats the big deal, it’s not a lot of money even if it lose”. Well, the audience is huge and when you x that small amount by 500k+ buyers then there you go.
 

karlvv

The LEGEND
Kalash Klub
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I can report that JM ships it well and it gets where it's going right.
 
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Shemp

Boomerwaffen Fuddmander
Kalash Klub
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And since I started this, gold largely flat and silver even further down. It's depressing, but I'm very close to my baseline PM goal.

I will say, my confidence in silver is shaking. I was in back in the day at like $12, then sold it when it ran up to ~$50. I think that was what, 2011? and while it has double since then, it still hasn't even come close to touching $50.

I may convert to all gold.
 
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karlvv

The LEGEND
Kalash Klub
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Apr 3, 2015
3,784
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Zip code
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And since I started this, gold largely flat and silver even further down. It's depressing, but I'm very close to my baseline PM goal.

I will say, my confidence in silver is shaking. I was in back in the day at like $12, then sold it when it ran up to ~$50. I think that was what, 2011? and while it has double since then, it still hasn't even come close to touching $50.

I may convert to all gold.

I don't understand how inflation is through the roof and silver is down. Hurts my brain.
 
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chance

Tracker
Jul 15, 2015
958
1,073
113
Ga
Zip code
30101
And since I started this, gold largely flat and silver even further down. It's depressing, but I'm very close to my baseline PM goal.

I will say, my confidence in silver is shaking. I was in back in the day at like $12, then sold it when it ran up to ~$50. I think that was what, 2011? and while it has double since then, it still hasn't even come close to touching $50.

I may convert to all gold.
It is oddly low right now, but I still expect it to hold value better in 30+ years than todays current “worth” in cash and thats my plan for it.
 
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Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
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It is oddly low right now, but I still expect it to hold value better in 30+ years than todays current “worth” in cash and thats my plan for it.
I agree. Still frustrated with it. I may sell half my silver and convert to gold.
 
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edindah

Hunter
Mar 15, 2017
34
36
63
Dahlonega, GA
Zip code
30533
Couple thinking about converting to all gold? Anybody got change for a 1 oz. American Gold Eagle for a sack of potatoes? I like silver for ease of transactions where 'minor' stuff is involved. If I don't have to 'over show' my 'wealth', I won't.
 
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