An observation about silver

[bran987]

Usually when everyone starts talking about an investment it is the beginning of the end, but nobody realizes it until it's too late. All I hear about all fucking day is silver all around me now including here (which is insane on bodybuilding board). Not saying it will crash now or it won't keep running, but if it runs too high just be careful guys. Consider selling some out if it goes too much crazier.

 

[lartinos]

Usually when everyone starts talking about an investment it is the beginning of the end, but nobody realizes it until it's too late. All I hear about all fucking day is silver all around me now including here (which is insane on bodybuilding board). Not saying it will crash now or it won't keep running, but if it runs too high just be careful guys. Consider selling some out if it goes too much crazier.

You need to chill out with the common sense bro.

 

[stevesmi]

just like the tech boom in 2000 where everyone was bragging about their quallcom stock was trading at 1000 per share.

or the real estate boom in 2005 where people were bragging how their homes value was going up 8000 per month

 

[nangiggles]

it makes sense if you dont think about it....

 

[-SD-]

Now is the time to dump out all silver.

 

[Mr. dB]

This is gonna be a great short-term investment for some lucky guys, and a huge crash for others. Not really part of a long-term strategy, but if you have the day-trader mentality then go for it.

Who was it in 1929 who said he knew it was time to get out of stocks when he started getting tips from his shoe shine boy?

 

[lartinos]

Now is the time to dump out all silver.

Buy high sell and even higher. If not make bullets out of the silver and kill everyone.

 

[Mr. dB]

Buy high sell and even higher. If not make bullets out of the silver and kill everyone.

Vampires aren't real.

 

[jackangel]

Vampires aren't real.

Neither are Jews.

 

[75th]

Who was it in 1929 who said he knew it was time to get out of stocks when he started getting tips from his shoe shine boy?

JFK's dad.

 

[jokerswild]

Im sick of hearing about it too, I mean its up over 3.5% today, that just sucks. I'm also sick of hearing about gold, it was supposed to pop at $600, then $800$ then everybody said $1000 but it just keeps climbing, now it looks like $1500 is right around the corner, just sucks so bad

 

[75th]

I really think joker is glad's alter. No two people can consistently miss the point as much as they do.

 

[bran987]

This is gonna be a great short-term investment for some lucky guys, and a huge crash for others. Not really part of a long-term strategy, but if you have the day-trader mentality then go for it.

Who was it in 1929 who said he knew it was time to get out of stocks when he started getting tips from his shoe shine boy?

I can't remember I've heard that too. But my favorite timeless book about markets from that time is about Jesse Livermore. It's called Reminiscenses of a Stock Operator. He was one of the most famous stock speculators in history. OK I'll get it off my bookshelf:

"all stock-market mistakes would you in two tender spots - your pocketbook and your vanity."

"Of course, if a man is both wise and lucky, he will not make the same mistake twice. But he will make any one of the ten thousand brothers or cousins of the original. The Mistake family is so large that there is always one of them around when you want to see what you can do in the fool-play line."

"I sometimes think that speculation must be an unnatural sort of business, because I find that the average speculator has arrayed against him his own very nature. The weaknesses that all men are prone to are fatal to success in speculation - usually those very weaknesses that make him likable to his fellows or that he himself particularly guards against in those other ventures of his where they are not nearly so dangerous as when he is trading in stocks or commodities."

 

[jokerswild]

I really think joker is glad's alter. No two people can consistently miss the point as much as they do.

Still no picks? What are you short? long? anything?????????? Alot of mouth for sure............

 

[Mr. dB]

JFK's dad.

Turns out moonshine WAS a better investment...

 

[calveless wonder]

just like the tech boom in 2000 where everyone was bragging about their quallcom stock was trading at 1000 per share.

or the real estate boom in 2005 where people were bragging how their homes value was going up 8000 per month

this

 

[bran987]

Im sick of hearing about it too, I mean its up over 3.5% today, that just sucks. I'm also sick of hearing about gold, it was supposed to pop at $600, then $800$ then everybody said $1000 but it just keeps climbing, now it looks like $1500 is right around the corner, just sucks so bad

Yes. And houses recently TRIPLED in price.
HOUSES.

I'm just saying stay on your toes brother. My dad was exactly the same as you when gold ran to $840 and then crashed to $290 in the 80's. And everybody else who was in love with gold was saying exactly the same things you say. You are not a unique and beautiful snowflake.

Let me guess what you will say next.

"But it's different this time!

You don't have to be so sarcastic and combative. I'm just saying keep everything in perspective and stay on your toes. Typically the faster and higher markets rise, the greater and more likely their tendency is to fall. You may be right, or you may just need to listen to both sides of the story and not get trapped in Tulip mania - Wikipedia, the free encyclopedia

 

[75th]

Still no picks? What are you short? long? anything?????????? Alot of mouth for sure............

lol

 

[jokerswild]

Yes. And houses recently TRIPLED in price.
HOUSES.

I'm just saying stay on your toes brother. My dad was exactly the same as you when gold ran to $840 and then crashed to $290 in the 80's. And everybody else who was in love with gold was saying exactly the same things you say. You are not a unique and beautiful snowflake.

Let me guess what you will say next.

"But it's different this time!

You don't have to be so sarcastic and combative. I'm just saying keep everything in perspective and stay on your toes. Typically the faster and higher markets rise, the greater and more likely their tendency is to fall. You may be right, or you may just need to listen to both sides of the story and not get trapped in Tulip mania - Wikipedia, the free encyclopedia

But its different this time lol,no Hunt Brothers, no busting up a monopoly so it is different, HOWEVER, I am very much on my toes, in fact I am considering selling , thats right selling in the VERY near term. I think a correction is approaching and if so I will buy back on the dip, if not and it keeps running, I made a helluva alot of money but got out too soon.....

 

[bran987]

There ya go. Good attitude. BTW the Hunts are here in my back yard in DFW. They do a bunch of stuff for the university i attended. Never met any of them but my girlfriend has she does fundraising and I lay awake sometimes wondering if she'll wake up one day and say wait a minute! I could be with a Hunt or a Bass if i play my cards right! Lol jk not really jk seriously it's a concern.

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[Mr. dB]

Yes. And houses recently TRIPLED in price.
HOUSES.

And everyone needs one of those.

 

[jokerswild]

There ya go. Good attitude. BTW the Hunts are here in my back yard in DFW. They do a bunch of stuff for the university i attended. Never met any of them but my girlfriend has she does fundraising and I lay awake sometimes wondering if she'll wake up one day and say wait a minute! I could be with a Hunt or a Bass if i play my cards right! Lol jk not really jk seriously it's a concern.

Posted with my Droid EO Forum App

Yea I hear they are still fairly weathly but nothing like before the silver crash, at one time they were positioned to buy Texaco and were multi-billionaires

 

[bran987]

Yea I hear they are still fairly weathly but nothing like before the silver crash, at one time they were positioned to buy Texaco and were multi-billionaires

Yeah they are all still billionaires here in Texas. Just not as billionish.

 

[bran987]

And everyone needs one of those.

Right, but at any price? I posted in 2005 or so that there had been a historical ownership to rent ratio of 1.3:1.0 in other words the premium put on owning a house versus renting had historically for decades been about 30%. In other words people were willing to pay a $1,300 mortgage as much as they were willing to pay $1,000 in rent, the $300 additional being the premium for home ownership. At the peak of the bubble the ratio went over 3:1, meaning the houses were still only renting for $1,000 but the mortgages had gotten up to the $3,000/month range. That is insane would you not agree DB? I also have to admit prior to that I posted and thought that the population growth would indefinitely sustain these price increases, like Greenspan thought.

If I had been smart enough then to understand the CBOE futures on the Case Shilling price index I could've made money, but I didn't find out about that until too late.

Silver I don't know there appear to be several things working here that might actually make this a viable push up in price, but it just APPEARS that with the price spiking higher and higher everyday and everyone on God's green earth talking about it that this could be a bubble. Interesting stuff.

 

[Lestat]

those were great times

 

[Wulfgar]

Anyone remember a few years back when rhodium went from like 10000 per ounce to $750 per ounce in under a year... that was wack like this silver thing