Originally Posted by snaggs

remember this is driven by spot value for circulated coins, NOT coin collector value. So decide what you think silver is going to do and act accordingly. At $35 an OZ I'm selling like a madman.

Really? If I were to offer you 10K in silver or 10K in U.S. dollars, which would you choose? No way I'm choosing paper.

 

Originally Posted by dolphin13

Yeah but I can take those 10k dollars and buy something that can get a better return than silver, which was at $8 not that long ago and has had a huuuuuuuge run up.

I liquidated half of my silver in the mid 40s and bought more AAPL and that was a very profitbale decision

Well yeah. If you are selling your silver to buy something else that's a different story than just selling your silver to have cash in your bank account.

 

Originally Posted by dolphin13

Well what kind of retard would do that. Give me 10k cash and I'll run fucking laps around your shiny chunk of metal.

Here's a more interesting question for you. You have the option of 100K in cash or 100K in silver. The only stipulation is you must put it in a box in a hole in your backyard for five years before you can do anything with it. Which do you choose?

Yeah five years was probably too short of a time to illustrate my point. Twenty years would be better. Either way it is practically guaranteed that your cash will be worth less tomorrow than it is today. Not sure you won the last one though since Snaggs said he'd snap sell his silver, not trade it for something else. You changed the parameters I was working with in your answer on that one. I will take almost any precious metal over cash over any significant time period until monetary policy is drastically altered.

 

Originally Posted by dolphin13

That's retarded thought tho. No one that isnt a moron sells an asset and just sits on the cash forever. Any type of investor wants to put that cash to work. They may wait a little bit of time until conditions are more favorable but investors just don't sit on cash for five years.

But people do sit on precious metals for years and do quite well. Just ask Ron Paul. However, remember that the point I was trying to originally make was directed at Snagg's claim that he would sell the silver. That is bad advice to someone who may not understand that advice in the same way you do which means sell it and invest in something else. I agree that there may be better investments than silver right now but I would argue that there aren't many other places to put your money long term if you just want to preserve value than gold or silver. I bet those on retirement would much rather have the value of their full retirement in gold or silver right now as opposed to the fixed payments they will receive over the years. Someday we'll remember that it is better to be a nation of savers rather than borrowers. Unfortunately our current monetary policies favor borrowers over savers.

 

Originally Posted by dolphin13

So from now on when I tell people to sell a stock I should remind them that they should buy a stock and not sit on their money. Or if I say I sold I stock I should say it I'm gonna buy another one.

Yeah that makes sense

MeEyeRolling.jpg

Pic related. It's a pic of me rolling my eyes at the stupidity of your 'but snags never said he was gonna buy something with the proceeds'

If you are in the stock market thread then saying to just sell is fine. When talking to someone with less than 1K in silver in a random thread, yeah, telling them to just sell is dumb since I doubt they were thinking of investing it into something else.

 

Originally Posted by dolphin13

You were the one that started talking about 10k in silver or 10k in dollars.

To illustrate the point I was making. You know, that maybe Snaggs was wrong to just say to sell the silver at $35/oz.

 

Originally Posted by dolphin13

Well I'm guessing he believes silver has peaked which is a very distinct possibility.

That is not a possibility. I would bet my life that silver is worth more sometime in the future than it is today. The only way silver peaks is if the dollar gets pegged to something.

 

Originally Posted by dolphin13

Maybe it's peaked inthe lifetime of da donkeys mom tho. After all that's what snaggs was talking about, not your lifetime. Da donkey said inheriting the coins isn't going to happen. Sounds like moms wants to enjoy what's left f her life. I mean she had to raise da donkey for fucks sake. Can you imagine how hard it was? Just pushing his enormous head our of her cooch should ave won her a medal

Yes! If she needs cash for something now or in the near future then selling might be a good strategy. However, Snaggs' advice wasn't qualified in such a manor.

 

Originally Posted by dolphin13

You always comment about how x y or z's post wasn't qualified in such a manner. But you yourself said 10k cash or 10k silver, not qualifying the cash had to remain cash forever until after you were called out. Goose gander

The silver didn't have to remain silver either. But yeah, I would have made my point better originally by using a time frame. I wasn't the one giving advice though. I was just trying to point out the dangers of giving advice like Snagg's where only half the equation was given in his advice.

 

Originally Posted by snaggs

Dude we're talking a few hundred dollars in OP's example, not any significant investable assets.

That's my point and why I'd argue its better to leave it in silver form unless you need the cash for something now or in the very near future. Selling it for cash for your bank account just makes no sense to me. But if the cash is needed to purchase something else then selling is fine.