5 ms·
> But an "asset" to lose 30% of its value in a day... Wow! When prices are determined by speculation it do be do like that.
by TrainedMonkey 8mo ago
> But an "asset" to lose 30% of its value in a day... Wow!
When prices are determined by speculation it do be do like that.
- NoMoreNicksLeft 8mo agoI bought back when it was pre-$15/oz. Though, for awhile it was fun to think I had $100,000 in my floor safe. But it's not a speculative investment, that's my "bribe my family's way out of the country" money. If anything, I hope it falls low again, I haven't been buying any junk silver the last few years and I should have been doing that.
- recursivedoubts 8mo agoStrongly recommend not discussing specific amounts and locations online
- therouwboat 8mo agoPeople who buy gold are strangely careless, I have workmate who has bought gold with his savings and probably everyone who has spend more than 5 minutes in his presence knows about it.
- nikolay 8mo agoYou think Apple's stock isn't also driven by speculation, just like any other stock?
- TrainedMonkey 8mo agoNo. Apple PE ~33 implies ~14% EPS growth over the next 10 years, seems achievable. YOY Apple is ~10% and silver is over 270%.
- nikolay 8mo agoYou offer explanations and excuses similar to those of the precious metal folks. The issue is that amateurs can now easily buy and sell on the markets - otherwise neither Apple nor silver would be valued as much as they are... were.
- TrainedMonkey 8mo agoI can see that you are committed to your current level of understanding.