Topic: When will my f*cking Silver be worth something? - page 2. (Read 4860 times)

This is certainly true.

Anyway, nothing personal, a certain approach to precious metals just gets my goat. It's not impossible to profit from them as it's not impossible to profit from anything in this world, in principle. Hell, urine was profitable enough two thousand years ago that they had a special tax on it. But you need skills and you need capital to do it, whereas this angle being sold to normal everyday people that "buy $100 worth of silver and you will profit" is just wrong. It's akin to "start your own tomato farm on your windowsill" or in the words of Carlin "how to make money by renting out the space inside your nostrils".

You wanna make money trading silver, you'd better know what you're doing.

(And for the record the catastrophic angle doesn't work either. Sure, if apocalypse hits and there's no more functioning state it would seem silver rounds might make excellent trade items.

However, the presumption that you'll get to keep/be able to use your rounds is weird in that context. If the government couldn't keep itself together you're going to manage to keep yourself glued to your coins? By what process, using what method? If such a method exists why didn't the state use it to preserve itself? You think angry dudes with guns care you bought that silver fair and square 5 years pre-Apocalypse? The peeps SOL'd during Katrina didn't do much silver coin trading. The UAF 571 didn't establish a silver price per pound of human flesh. If most of humanity is wiped we'll spend our time digging through warehouses for salvageable items, not pushing back and forth engraved metal. On it goes.)

bold. You have a talent for alienating yourself.

Got it. Yeah, in fact I was referring to the consumer thing.
Your points are all valid. And if you're a business that incurs a huge overhead. Logically that overhead only makes sense if you have a certain volume and expect significant price movements. No wonder that paper gold is so popular - however for the same reason it'll be worthless in case of a crisis.

It's probably the case that it escapes something of yours, but I wouldn't go as far as calling it logic. Let's see.

I. Cost of shipping. If you're mailing a one ounce round and you're paying $5 then you've just added 15% to the spot.

II. Cost of insurance / cost of uninsurable risks. Read this, this etc.

What's your business plan here, order a round, wait for it to show up, if it does show up mark II cost as 0, if it doesn't show up make 500 angry posts in the forum and move on to the next "investment"? This is not logic, this is forum retardation.

III. Cost of proofing. How do you know you've not been sold fake rounds? Oh, you just know. Good for you.

IV. Cost of storage. No, this is not "zero because you just keep it in your drawer". If twenty houses get burglarized in your town each week and there's 10,000 houses in total then a two year storage costs you 20% of your silver. Outright.

IV. Cost of divesting. When you finally want to recoup your so called investment you will have to somehow sell this silver. That means all the steps above in reverse + the fact that whoever is available buying may or may not be interested in your particular format, in your particular volume and may or may not expect a discount. Add it all together, figure out the applicable taxes (plus the cost of fighting the taxman over the always possible miscategorization of your silver income - this is not something you may handwave away but must show as a line in your budget!) and you may be in a position to understand that unless you're talking enough volume the various fixed costs eat you alive.

All this if you have a head for business. If you're just doing the consumer thing and figure "$500 buys me an iPad which is worthless in two years or 12 shiny silver coins which I'll be able to pawn for enough to get ten gallons of gas and five packs of cigs in two years so therefore silver is an investment" then yeah, you couldn't follow my logic if you tried.

Actually I have two one-ounce bars of silver in my possession.  I don't buy "shares" or whatever.  If I buy gold/silver, I buy actual bullion.  I don't have enough bitcoins yet to buy an ounce of gold, but I will as soon as I can.

I'd be glad to take your crappy, worthless silver for free, so you don't need to worry anymore.

Your conclusion escapes my logic. Are you referring to cost of storage or what?

Perhaps this is a case of selective reading. If your mortgage was anything less than $100,000 then perhaps we live in very different worlds. If your mortgage was more than $100,000 you should perhaps check how many ounces in a metric ton.

To clarify, the statement is


rather than

wow. What's the metal bashing all about? Silver and Gold are the No.1 hedges against the upcoming currency collapse. You cannot rely on BTC to save the day - you need to have at least enough metals to make it through a year of unemployment.

Pro tip whever there is news there is a world wide shortage of anything it means the opposite

I've got some physical silver and a chunk invested in goldmoney with silver. I expect huge shifts in the silver price when the bankers lose control of the manipulation. They are like king canute trying to stop the tide. they will fail. It will be epic.

This was very well written.  You spoke/typed this out eloquently.  I can tell that you thought this out, and communicated your thoughts in a way that made your point clear to anyone who bothers to read it.  It is a shame that the point you are making, is one of the most ignorant things I have ever heard.

I do not feel the need to justify my opinion with facts, charts, or historical data.  I assume that you have seen them and chose to dismiss them.  I have been investing in precious metals for almost 15 years and paid off my mortgage with the profit you claim that I will never show.  YOU are the one who is "naive, clueless, stupid-but-unaware".  Please do not give out financial advice.

It's hard to light a cigar from a silver round.

You made a mistake fragmenting your wealth into illiquid, useless tokens. They will never be worth anything. Expecting silver rounds to make you rich is no different from daydreaming about how your extensive collection of "collectible" plastic dolls or vintage bricks will make you rich.

Precious metals and silver especially have massive handling costs associated with them, which makes the entire thing a novelty/consumer affair, not an investment. As a general rule of thumb, if you're "investing" in silver and your unit is not the metric ton, or if you're "investing" in gold and your unit is not the kilogram you're never going to show a net profit.

Forget about the entire thing, mark it down as yet another one of those cases where you (the naive, clueless, stupid-but-unaware) consumer got fooled by unethical salesmanship into parting with your cash for no benefit whatsoever. Try and learn from it, maybe.

You are right to hold silver. You are drinking upstream from the herd. Remember, it's cheap now because no one understands what is really happening with the silver market. The fact that BTC has tripled in the last couple of months is a gift. No one knows where the price is going next week or next month but if you have vision, you can predict what is going to happen next. You just don't know when it is going to happen.

You strike me as someone who has the sight. So. Buy a little today, buy a little tomorrow.

I think you might find this useful. 

Sorry you're butthurt.  I guess I won't thank people for sharing information anymore because it might make you sad since you only have marketing speak to fall back on. 

Sorry, your highness. The conversation I started wasn't titled "The Industrial Uses of Silver". I merely said what I said to make a point that silver is used in industry, as gold is, but to a greater extent. The conversation from the beginning was about the value of silver. That's exactly why I started it in the "Speculation" area. Go pick a fight with someone else.

I think he might have been looking at the non-metallic gem when he was making his purchase 

LOL, that looks awfully like a chunk of pyrite.