US dollar status as world’s single reserve currency will end by 2025

If you bought silver on May 2, 2011 based on some folks saying it has nowhere to go but up you're down about 35%.

 

I know. I love the rear view driving these guys do. It's pure hackery.

 

People like Jim Rogers and Marc Faber (especially the former) were throughout the 'blip' cautioning that it would either be temporary or bad news for long term silver prices.

Parabolic rises are NEVER sustainable and almost always result in a crash.

Anyone who bought at the height is little more then a bandwagon hopper or did not understand the fundamentals of precious metals....which is what fueled the 'blip' in the first place probably.

 

I liquidated my entire portfolio in August '07 and sold my investment properties a few months later and soon after put it all into silver and gold.

That's not 'hackery', that's good business.

Anyone who understands the fundamentals of macro-economics and especially precious metals saw these developments coming in the early 00's (though I admit I did not realize the value of gold until around late '07/early '08.

It's just economic common sense.

 

uhmmm back in april I said in many posts that silver worried me as it was way ahead of itself.....so the warnings were out there.

And yes in the long term silver has nowhere to go but up....but that dont mean there wont be corrections along the way.

When the DOW was in a historic booms were there no corrections? Have you forgotten of the 1987 meltdown?

 

many old timers that have watched the bull run in silver know that this is nothing new....in 2008 silver collapses from 21 dollars back down to 8 dollars....there was a similar collapse in 2005 I think......silver is just a very volatile commodity...thats just the way it is!

 

Yup.

And if you bought at the tail end of the housing boom you got killed.

And if you bought at the tail end of the dot com boom, you got killed for a few years.

And if you bought at the tail end of the 70's/80's housing boom, you got killed for a bunch of years.

And if you bought RIM stock at it's peak you got killed.

And so on and so on...



There are thousands of instants where someone bought at the peak of a boom or mini-boom when everyone seemed to be saying that there was no end in sight.

 

those sour grapes wont get you anywhere....just because you own no silver dont mean you should ridicule those of us that made a small fortune

 

and if you bought silver in 2001 you would be smiling pretty

 

Indeed:



http://silverprice.org/silver-price-history.html


And that $21 to $8 drop was almost 70%!?!

Like you said, silver is incredibly volatile...it's a roller coaster.

In fact, even dumb dumb me posted this last August:

'BTW -

Silver is at $42.37...

...up $1.69.


Good day for silver today...so far

Silver is a roller coaster...so it could come back down any minute.

You definitely have to have a strong stomach (imo) to own silver.

But if you are not prepared to take a loss...you probably should not be investing.'

http://www.politicalforum.com/4349873-post7.html

 

I was thinking the same thing...though you bought your silver well before I did and have done much better.

But I am not complaining...

 

if you look at the map you just posted it is showing a head and shoulder formation......that is usually very bullish for silver!

 

That is exactly right. And it is always so clear to see in hindsight.

 

What you said on May 2, 2011, when silver was at about $49/oz, is a matter of record:

And on 4-28-11 when silver was at about $48/oz:

And on 5-11-11 When silver was at $39/oz

 

I said in several posts that silver worried me.....naturally you ignore those right? whatever.......those sour grapes wont help you either as the place to be is gold and silver.....you want to take crap out of context then go ahead we both know I am right and your petty little nonsence is just that......nonsence

 

and you know....when silver starts making new highs you are going to look for the posts where I said silver worries me and say that I said to sell or some other foolish crap like that.

lets face it....silver and gold are in a long term bull market......you are just jelous that you missed the boat LOL

 

http://www.politicalforum.com/curre...ama-depression-grows-worse-8.html#post3971178

 

Are you talking about the Hunt Brothers or are you talking about last year?

 

OK. You need to look at what caused the bloodletting. Margin Hikes on the Comex. 4 or 5 margin hikes in two weeks. That is dirty pool.

 

Exactly.

No way ANY rally could survive that.

 

Like Bacardi said, you are taking it out of context.

This fixation you have for him is getting tiring.

Gas prices, gold prices, silver prices, house prices.

Everything the guy says you throw it back in his face - out of context or not - many months later.

Must all of us who are trying to read these economic posts/threads have to deal with your anal nitpicking?

I generally respect your posts and you are very good at providing links to your points...but in this case, enough already, please.

 

iriemon has sour grapes,,,,,he wont admit it of course...but its quite obvious!

 

and I even said on several posts that silver worried me when it was rising too quickly....naturally iriemon ignores that !!

 

I disagree. It is Barcardi who continuously makes these kinds of predictions in support of his arguments. When it does it is fair to review how his past predictions have panned out.

 

And would you hold him to task exactly as much if his economic viewpoints were more in line with your own?