Topic: When will my f*cking Silver be worth something? (Read 4831 times)

can you point me to the thread where you confess your love for her?

Don't worry we'll sell your car.

/dev/null: I love you
MPOE-PR: Prove it, * big long detailed explanation as to exactly how she expects you to prove it (which involves signing a msg with PGP), and the criteria you must meet to even be considered   *

 

Shoot man, I'm sorry. I would love to be able to finance it but I don't think I can afford it. I only have half a metric ton of silver : /

If MPOE-PR doesn't likes it i'll take it off from your hands and melt it again to get some nice jewelery and a silver rose to propose MPOE-PR.  

 

Edit: I just proposed her.

https://i.imgur.com/bh70yq3.png
https://i.imgur.com/CJXWoBJ.png

I hope she says yes. I wouldn't mind accept donations from all members for our marriage and i told her that jhonnywalker is going to finance our marriage.

 

I could but it'd have to be an alloy. Silver is a soft metal. I'd make one for MPOE-PR for free. And just because I'd like to give a valuable dildo, I'll melt my silver down (I wonder if MPOE-PR knew you could do that?)and make sure it's one even kilogram. That big enough you think? All of that stupid babble, has to be one big ass.

How much silver you have?

You can make silver dildo's and sell them to for bitcoins or hard cash.

 


 

Sorry to awake a sleeping giant here, but I just discovered and read through this. MPOE-PR,  to put it lightly, you are 100% wrong. You lost me with your first post. And I imagine you lost everyone when you started asking how we know our silver is real, and FOR SURE when you mentioned the apocalypse. I really can't tell if its units of measurements you think are important or you're just using them to express volume?lol. If its a matter of units of measurement, if you have a pound of silver, I'll take it. You couldn't possibly want it since its not in a metric unit. No one would-it's worthless : / If you're talking about volume...you are mostly wrong. Although no shit sherlock to the greater volume, greater profit aspect of your statement. Here is a scenario...I buy one POUND of silver in January of 2003 at $5/oz. Then, in late April of 2011 I decide to sell it at $47/oz (spot prices source: http://www.kitco.com/charts/historicalsilver.html). In 2003 I spent about $80 on my POUND of silver. In 2011 I sold that POUND for more than $685. So, off just one POUND I made $605.401. Sounds like a pretty good net profit to me!

Now, of course this is assuming that I bought silver at its spot price (although April of 2003 was not the lowest $ point of silver in the last decade). That rarely-never happens. But you call 1oz "tokens" a waste of money? I frequent several coin shops (nope, I don't pay for shipping, and yep, I know the silver I'm getting is silver)-$2 above spot is the highest premium for a generic round/bar at any of those shops. Talk about massive handling costs!

And I, the OP wasn't "fooled by unethical marketing". It must have been the historic success of precious metals as an investment that fooled me. Also, I don't have "a couple bars or rounds". I own about 200 oz of silver, and maybe five of of gold. And guess what's crazy??? I bought that gold at one price, and then when the price went up, sold some of it to the same place I bought it...and made a [net] profit! And no, I wasn't dealing in kilograms or metric tons. Unbelievable!

You have to be the worst "PR" rep ever lol.

I think it's important to remember that holding PM for the event of a catastrophe is a precaution, not an investment. If something happens to make PMs tokens of trade, other parts of your life and investments are going to be in pretty bad shape. (I know there are those that are going "all in" for a catastrophe but I regard that as an affliction rather than a plan and in the case that such a situation comes to be, there's a fairly good chance most of us will be dead)

Well, that's why it's called a "rule of thumb" now isn't it. It's not precise, it's only intended to give a taste & feel of whereabouts the correct solution lies.

In fact there's statistical methods to calculate the relative odds of success based on the standard deviations you need. For instance if your holdings need a 1-sigma event in order to become profitable then here's the odds for that - and they can be factored directly into your profit regarded as an EV of sorts. If your holdings need 3-sigmas that's significantly less likely and so therefore significantly less probable profit. On it goes.

My ass may be big, but it's not this magical place I pull figures out of to show you that a definitely good purchase was not a good purchase. I'm just saying that if you're stuck there sitting on something you bought as an investment but without a plan and are wondering "when do I hit the jackpot on these magic beans"...well...they ain't magic beans and you ain't no investor. This should be pretty obvious, not sure why people got suddenly too big-butted for their undies allovasudden.


I don't see anyone laughing, I see laughingbear about to pop an aneurysm over what he thinks he read rather than what I actually wrote. Which is no crime incidentally, tomorrow he calms down, re-reads and chills out.


Sure did. I did show what's the rationale for it in order to help people understand how it works and why, but no I'm no actuary and it was again not intended specifically. Rule of thumb defense, learn to love it.


I'm not saying it's impossible. I am saying it's by no means a given. There's an important difference here, about of the breadth of the difference between "it being possible there exists a god" and "being Catholic".

MPOE-PR, I tend to agree with you when you go on rants here, especially when you talk about the client's lack of protocol spec and other important things that most people ignore. But here, I don't know, are you just plain stupid? Your assessment (of the magnitude of silver required to generate a profit), although you may not realize it, is almost completely based on your personal expectations of a realistic rise in silver price in the indefinite future.

You say that based on calculations such as the risk of holding physical silver, the loss when selling to a vendor, cost of verifying authenticity of the silver etc - I won't make a profit unless I invest with a certain order of magnitude i.e. metric tonnes. This makes sense, sure if I buy gram of silver for 100% above spot and silver goes up $25 in 6 months I've still lost money.
What if I buy 100 ozt of silver for $2800 and in a few years it hits Max's target of $150/ozt? I don't care what you're deducting (so long as it's reasonable) for risk of holding, verification, eventual sales to a sketchy vendor giving me 10% below spot - I just made quite a bit of money. Now, feel free to pull some random figures out of your ass to show that I actually lost money. Maybe I bought a $10,000 underground safe to store $2800 of silver? Whatever it takes. The reason people here with years of experience in precious metals, people who have made significant amounts of profit from PMs, are laughing at you, is because they have personally experienced turning a rather large profit from PMs so it's easy to see that you're full of shit.

Not to mention we're removing, say, 20% (magic number?) from the value because of risk of theft - of COURSE that [deduction class, not amount] is a legitimate deduction, but (1) you are not an actuary (2) you pulled that number out of your ass. In my neighborhood I do not have a 20% chance of my silver getting stolen. But then what if I live in a secluded lot in the middle of the woods and I bury my silver in a hole deep in the ground? Any actuary would reduce my expected risk for the same reason that teenage girls pay more for car insurance (because statistically they can't drive.) There's a lot more to it than just looking at the home burglary rate. How many home burglars don't even find the PMs and just take the plasma TV? I know there is a legitimate risk that must be deducted from the value, but I question your seemingly random (but high enough to support your outrageously inaccurate conclusion) figures... 

And of course there's the "doomsday scenario" in which you conveniently explain away any possibility that silver might be used as a currency for even a short time. What about the multiple examples of countries where some citizens have turned to PMs during times of hyperinflation? What about the thousands of years in the past where PMs were used as currency? IDK, seems like you are just making this stuff up.
QFT:

Up! Up! UP!

Sounds like the OP expected silver to have risen in value by now because "Buffet's going to need a lot of silver for his solar energy projects".

Pick one that suits your mood best:
- Being new here obviously nullifies my 7y full time experience on PM's, own TV show, first book in Finnish about PM investing, etc, etc, and especially makes me incapable of saying anything of value concerning the topic of this thread.
- Seriously, is he paying you for making sure that he through various proxies will ever remain the sole shareholder of the MP-"exchange" whose "valuation" is $50 million and counting. No wonder I did not find any shares to short in the open market 
- Looking at your latest 20 posts, there were 19 oneliners but you expended 3 lines on me. I'm flattered. Soon you will ask me on a date, but I will need to decline, since I have a wife, and a kid, and I am busy enough buying bitcoins in BitStamp, so that I don't need to sell pr0n to obtain them.
- LOL, I thought you put me on ignore, 'cause I did not hear from you in 12 hours. Maybe you just do sleep at times...

You're new here, and pretty clueless, but a pattern does emerge: you post in threads completely ignoring what is being said while going on about your own take on things. Thusly decoupled from anything of any interest (ie, what the people who aren't new here have to say) the respective barf fails to interest. It also happens to match the definition of both arrogance and dimwittery.


You ain't laughin' now, are ye.


You know, the discussion here isn't at all about precious metals. The discussion here is about when the OP's five rounds "will be worth something". The answer to that is never, pretty much.

This sums up my sentiments, thank you 

And to answer OP's question... I thought it was (sorry to use weasel words here) "pretty well known" that JPM and other major financial institutions were engaging in active manipulation to suppress the price of silver. The price won't go up until they stop doing this.

Another reason is naked shorts etc. The price of physical silver is coupled to the price of paper silver. Investors are pretty stupid (in that they actually invest in paper silver) but they aren't so stupid as to not be just a little bit wary that maybe every piece of paper doesn't quite represent the silver it says it does. So the current price is in between what the price of physical silver would be if it were decoupled, and what the price of the paper would be with the same level of uncertainty. Minus the amount that JPM & Friends is able to "suppress" via various methods. Of course, were the paper misrepresentation & naked shorts directly revealed, the price could crash due to investors selling paper silver. At that point the prices of physical and paper silver could decouple as investors might just have learned their lesson. Or not.
BTW my source for all this "information" is random articles on the internet and The Keiser Report. So, no claims as to sauce.

Bitcoin and PM's should exist in harmony, they complement each other perfectly.

When I see people argue for strictly one or the other I tend to think those people are retarded.

Metals always have a price. When black Death killed most of the population in some towns, the metals did not buy as much, because there was suddenly 5 times more purchasing media than before. The prices naturally adjusted.

It behooves me why some think that silver or gold is such a bad bet against calamity, that they don't buy *any* even if they could. Never in the history of mankind has it been stupid to have some hidable, portable, liquid Wealth just in case you might need it. Especially as the insurance costs you exactly 0% per annum long term. All the other preparations are of course also prudent and beneficial, but they come with a hefty annual cost. Storing grain etc. costs you easily 5% per annum even if you don't factor in the hassle, replacement cost etc. Also you can't usually buy it at spot, at least here the cost is about 3 times that. Equipment costs space to store and time+money to maintain.

I believe the arrogant dimwits who openly ridicule the owners(hip) of silver and gold are not actually that prepared in other fields either. Perhaps they feel insecure over the fact that they could not buy as much as they wanted, so they hope that they can take what they want with guns.

Disclosure: sold 5000 oz silver today to buy some bitcoin. Still own enough.

MPOE-PR, You are an incredibly stupid person to be so well written. Did you have an accident, like a blow to the head?  Something that would cut off blood supply to the area of your brain that uses logic, and social skills.  I suppose that it could be autism. Anyway, nothing personal, a certain approach to expressing your incorrect opinion spiced with insults to anyone that doesn't agree gets my goat.  I could not disagree with you more on this, and I choose to side with history, Ron Paul, and my own personal success with investing in precious metals.  I am not going to waste any more of my energy and time with you.

Though this is one of the things that confuses me about so many preppers... They focus on one potential issue and prepare for that above all others. Maybe it's EMP, maybe it's financial collapse, maybe it's bio/chemical. Some preparations are good for multiple scenarios but often there are some big holes. Personally, I suspect that whatever and whenever it happens, it could be "any of the above" or possibly something no one was expecting. To me it makes sense to work out some core essentials first, have a variety of things that would work for multiple specific scenarios, *then*, if you have time/space/money left over, focus on whatever your hobby horse is (meteor strike, magnetic field reversal, whatever). Durable goods first for sure but having a portable token for exchange is up there too. For me, silver > gold in this scenario, especially with the current price of gold.

Gold, however, is probably a reasonable hedge against financial instability. And god know, that's coming. I think bitcoin > gold for that though.

With all that said, if the zombie apocalypse does happen, enough people will be dead that silver and gold will be easy to come by. Should civilization scrape through, your best bet is likely to be less durable luxury goods that will be hard to come by (decent quality alcohol for example).