Think big picture

[quiksilver]

Im reading many posts and seeing that many of you think in narrow short terms looking at trends and not fundamentals.

The only real variable here long term is whether or not gold and silver is being manipulated. Another possible variable is if something comes along to make either irrelevant.

That being said gold has been around for thousands of years and pretty much has been doing the same thing as it has out lasted every fiat currency sooner or later.

Silver has much the same attributes as gold with the added advantage that deamd outweighs supply. That being said as long as demand is greater then the supply the basic laws of supply and demand will come into play as they have for as long as there has been commerce on this planet.

Never put all your eggs into one basket but to think either is a bad investment because they can will and did take a hit is "your call to make". Personally i am going to buy more with any money i have that is not needed for the next year.

 

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[Silver Surfer]

Back before trading became almost exclusively computerized, I believed in stock portfolios.... Now, wall street only has traders on the floor for tourists etc., nearly all trading is done on computers, and trading is "cornered" by those with the fastest, and closest, computers... They can buy millions of shares in a nano second, then when the stock goes up even a few cents, they sell back in a nano second... Rinse and repeat... Billions are made that way, and regular folks like us cannot compete with that system... IMHO, day traders are the only ones who can make any serious money, unless someone has inside info or buys very safe, low yield, long term stocks.. But even that is going the way of the dinosaur.. I bought into a large environmental company when Obama took office (all of his Eco plans), and the stock had gone from the mid-90's to $63 share... That was back in '08... How could that not be a good investment? Well, it continued to drop, I have waited since late '08 to at least break even, and Fridays close was just under $12 share...
I will probably never live to see that stock get even close to the price I paid.. I feel soooo bad for those retired folks that have the majority of their portfolio in the market..
Had I listened to my inner voice three years ago, or 10 yrs ago, or 20 yrs ago and invested every month in PM's, even with the dips and spikes, my money would be relatively safe...

Never again! People who are pushing for reform need to be screaming for trading reform above anything else. Computers + Day traders = a very unfair playing field...

 

[jim4silver]

Back before trading became almost exclusively computerized, I believed in stock portfolios.... Now, wall street only has traders on the floor for tourists etc., nearly all trading is done on computers, and trading is "cornered" by those with the fastest, and closest, computers... They can buy millions of shares in a nano second, then when the stock goes up even a few cents, they sell back in a nano second... Rinse and repeat... Billions are made that way, and regular folks like us cannot compete with that system... IMHO, day traders are the only ones who can make any serious money, unless someone has inside info or buys very safe, low yield, long term stocks.. But even that is going the way of the dinosaur.. I bought into a large environmental company when Obama took office (all of his Eco plans), and the stock had gone from the mid-90's to $63 share... That was back in '08... How could that not be a good investment? Well, it continued to drop, I have waited since late '08 to at least break even, and Fridays close was just under $12 share...
I will probably never live to see that stock get even close to the price I paid.. I feel soooo bad for those retired folks that have the majority of their portfolio in the market..
Had I listened to my inner voice three years ago, or 10 yrs ago, or 20 yrs ago and invested every month in PM's, even with the dips and spikes, my money would be relatively safe...

Never again! People who are pushing for reform need to be screaming for trading reform above anything else. Computers + Day traders = a very unfair playing field...

You are right and it is sad. I have some older relatives who have lost alot in their 401Ks and IRAs in stocks and they refuse to do anything. One worked for a major bank and has the bulk of their retirement account in that company's stock. It has lost over 60% since I told them to SELL a while back but they refuse to listen. They keep saying "it will go back up". I feel bad for them but they will have to learn from their own mistakes. Yes, any investment can go up and down over time, but I feel a person needs to look at the overall economic picture to see what is going to happen in the future. With all the economic problems here and in Europe, every investment has risks. People think dollars are safe, but they have been losing buying power due to inflation every year. With the low interest rates CDs are losing money each year via lost buying power, even though the principal amount looks the same on a bank statement.

Yes we live in interesting times.

Jim