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/biz/ - Business & Finance

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634490 No.634490 [Reply] [Original]

>bought about $7000 worth of silver in 2011 when it was $35 an ounce because you listened to conspiracy theorists

Should I just kill myself?

>> No.634493

just hold on to it, you never know. just sell it the second it goes above $35 if you're that bothered by it

>> No.634497
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634497

>>634493
The actually financial loss isn't that bad but the fact that I let it happened makes me feel like a subhuman eligible for liquidation

>> No.634500

>>634490
sell immediately and convert to cash

if WTI drops to $45 again buy UCO

if WTI bounces and begins to rise and doesn't look like it will drop again buy bond ETFs then start trading paper and learning everything you reasonably can about the stock market while avoiding scams and nonsense

>> No.634527
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634527

>>634490
You could have invested the same $7,000 in some ordinary preferred stock yielding 7% in 2011, reinvested the dividends, and you would have ~$9,175 now. That, of course, is only including dividend returns.

>you dun' fucked up

>> No.634544

>>634490
hunt down the conspiracy nuts.

>> No.634666

>>634490
No, you should buy more silver:

http://www.investopedia.com/terms/d/dollarcostaveraging.asp

>> No.634703

Something I never see discussed in these gold/silver threads:

We already know a process or two that manipulates atoms and turn e.g. lead into gold. Aren't you afraid that one day soon it will be cost effective and send prices plummeting? It's just a matter of time. Decades at most imho.

>> No.634722

>>634497
Let it be a lesson about keeping emotion out of the game and making investments based on value/future value.

>> No.634729

>>634490
At least you only lost $3500. That's chump change in the grander scheme of things. Take it as an expensive lesson and move on.

>> No.634779

Just hold it, the dollar is still shaky as hell. I buy silver but I'm fine with what may happen with the markets. It'll never make you rich, but it's like a savings fund.

>> No.634785

>>634703
That requires particle accelerators. Not too concerned that it will be cost effective to produce salable quantities of gold via that process in my lifetime.

That said, I'm not investing in gold for other reasons.

>> No.634798

>>634779
>Just hold it, the dollar is still shaky as hell.
Except it's not.

>> No.634799

>>634703

The technology for real life transmutation is extremely expensive.

If I recall from /sci/, that bismuth to gold experiment cost something like ~5k an hour to run the particle beams and it took almost an entire day just to get a few flakes.

That technology is a very long way off of being financially viable, and even when it is, I don't see them using it for gold, but for other much more needed elements.

>> No.634800 [DELETED] 

>>634799

Should be gold atoms, not flakes

>> No.634817

>>634490
If you loved silver at $35, buy more at $20.

You haven't lost anything, because you still have your silver. You have to be into silver for the long game, so buy more dollar cost average and don't be a faggot.

If you want to trade silver actively, use an ETF.
If you want to invest in silver, hold physical silver.

faggot

>> No.634823

What is it like being a happeningfag and constantly losing money?

>Muh fiat

How is people putting value in a shiny useless rock not a fiat?

>> No.634824

>>634785
>>634799
There's also plain old radiation and probably many more processes as well. Parts of the lead shielding in reactors turn to gold, but for obvious reasons it's practically useless.

Aluminum used to be one of the most expensive metals in the world, and then a single extraction technique changed it overnight.

>> No.634826

>>634824
I agree with you. I think in most of this board's lifetime transmutation will be real thing. Granted the other anon also makes a good point. Gold and silver are far from the rarest elements so they will be added as the price of the tech comes down.

>> No.634848

>>634823
http://en.m.wikipedia.org/wiki/Fiat_money

>Fiat money is currency which derives its value from government regulation or law. The term derives from the Latin fiat ("let it be done", "it shall be"). It differs from commodity money and representative money. Commodity money is based on a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange, while representative money is a claim on the commodity rather than the actual good.

>> No.634872

>>634798
this. the dollar seems like a solid investment right now. The dollar is a pretty strong currency right now.

The eurozone has entered deflation and yet the dollar buys more euros
http://exchange-rates.org/history/EUR/USD/T

>> No.634931

Consider your $7000 a loss from this point, and continue to hold your silver bullion. DO NOT SELL. At this rate it would be considered a panic sell - once you see the price rising higher than what you sold for, you'll feel doubly fucked. The best way forward is to keep physical ownership, consider it a financial loss, and keep it off your mind. Who knows what the future value of silver will be.

>> No.634935

>>634490
you cant even buy and hold. The market only fucks you if you surrender to it. But you should of bought a dividend yielding stock instead to generate a guaranteed annual return and allow you to wait out market autism. The main problem with PMs is that there a store of value that doesn't create any additional value. If you just want to save a fixed amount of value over the long term its great but if you bought it to build wealth youre retarded.

>> No.634961
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634961

Daily reminder that anybody with even a hint of modelling knowledge could have told you buying gold in 2011 was a retarded idea.

>> No.634970

>>634961
I consider it a rule of thumb to never buy when everyone else is. There was a quote somewhere that said you know there is a bubble when it is a seller's market and a buyer's market.

>> No.634973

>>634970
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful"

>> No.634986

>>634970

"if everyone's buying, who's selling?"

>> No.634997

learn how to make silver jewelry and recoup your losses hat way.

>> No.635163

>>634817
>buy more of a non-productive asset
I don't even...

>> No.635193

>>634490
Just think. If Ron Paul were elected president in 2008 and put our money on the gold/silver standard it would be half as much now.

>> No.635216

>>634970
>>634973
>>634986
How do you know who "everyone" is?

Lets say a derivative is at $45 and rises to $48. At this point you could say "the people who have bought and pushed the price from $45 to $48 represent everyone who has bought", but if the price rises to $55, then it turns out they only represented 30% of the purchasing power in that move from $45 to $55.

Often it is a good idea to wait for the market to act the way you have predicted rather than buying when the price descends below a certain level determined by your fundamental research, as long as you are among the first to buy you can still take out more money than you put in.

>> No.635224

>>634817
>You haven't lost anything, because you still have your silver.

Anyone who doesn't understand this doesn't understand that ANY amount of silver is intrinsically worth more than ANY amount of U.S. currency.

>>634931
>The best way forward is to keep physical ownership, consider it a financial loss, and keep it off your mind. Who knows what the future value of silver will be.

THIS.

>>635193
If Ron Paul were elected president in 2008 and put our money on the gold/silver standard it would be half as much now.

Thinking that the price of ANYTHING would be exactly what it is now if Ron Paul became president instead of Obama? Priceless

>> No.635227

>>634931
You shouldn't panic sell, but you shouldn't "panic hold" either. Look at the price as it is and determine whether it's too high or too low and sell or hold accordingly.
>>635224
>Anyone who doesn't understand this doesn't understand that ANY amount of silver is intrinsically worth more than ANY amount of U.S. currency.
That's an absurd statement, especially since silver and USD are not the only options.

>> No.635232

>>635193
The price of gold would reflect the entire US economy plus commodities traded in dollars like oil, so the downwards pressure on the gold market would be lower as a proportion.