The Dawning of a Golden Decade

[Smith1776]

https://ingoldwetrust.report/wp-content ... nglish.pdf

A paper about gold and its current position in the political, economic, and social landscape. Recommended reading by Jim Rickards.

[europeanwizard]

Memorable quote on page 7:

Truth hurts. Maybe not as much as jumping on a bicycle with the seat missing, but it hurts.

Inspector Frank Drebin

It's not a bone-dry paper, they did their best to keep it readable with a joke in the sideline here and there.

This is my first crisis with a lot (for me) of money invested. And I didn't know in advance how well I'd sleep. I've been very surprised that gold in the PP basically let me sleep like a baby.

[Hal]

Memorable quote on page 7:

Truth hurts. Maybe not as much as jumping on a bicycle with the seat missing, but it hurts.

Inspector Frank Drebin

It's not a bone-dry paper, they did their best to keep it readable with a joke in the sideline here and there.
/quote]

plus the Hedgeye cartoons

It's very easy to convince yourself to go with high growth portfolios until the bottom falls out....

[Libertarian666]

356 pages? I'm glad I have a lot of spare time and that I read fast.

[Smith1776]

356 pages? I'm glad I have a lot of spare time and that I read fast.

There's a notable section on silver in the second half that I was very interested to read. I've been thinking of adding some silver along with platinum and palladium to my VP.

[Libertarian666]

356 pages? I'm glad I have a lot of spare time and that I read fast.

There's a notable section on silver in the second half that I was very interested to read. I've been thinking of adding some silver along with platinum and palladium to my VP.

Silver is great if you like hideous volatility.
Have I told you the story about how I bought silver on the day of the top in January 1980?
On margin.

[Smith1776]

Silver is great if you like hideous volatility.
Have I told you the story about how I bought silver on the day of the top in January 1980?
On margin.

Please elaborate.

That's a story we've got to hear.

[Libertarian666]

Silver is great if you like hideous volatility.
Have I told you the story about how I bought silver on the day of the top in January 1980?
On margin.

Please elaborate.

That's a story we've got to hear.

I had accumulated 750 ounces of silver at prices around $5 in the mid-to-late 70's.
As I saw it going vertical in late 1979, I decided that the sky was the limit. After all, we were going to run out of silver any day now and it would probably be $500!
So I called my bank before the market opened, and told them to buy 150 more ounces on margin at the open. How could I get in trouble with only a 20% loan?
I ended up paying $48/ounce, which if I recall correctly was up about $10 from the previous day.
The price took a nosedive immediately after that. In a couple of weeks it was down to the twenties, and I got a margin call.
I had to borrow $2000 from my mother to meet the margin call.
Eventually I sold the silver at around $12 or so, probably breaking even on the whole deal.
Had I only SOLD 150 ounces instead of buying, I would have made a fair amount of money.

But I actually got something very valuable out of this mistake: I learned never to use margin.
That has stood me in good stead for the last 40 years.

[Hal]

356 pages? I'm glad I have a lot of spare time and that I read fast.

There's a notable section on silver in the second half that I was very interested to read. I've been thinking of adding some silver along with platinum and palladium to my VP.

Probably would be worthwhile watching this.

https://www.youtube.com/watch?v=r2iK5NI37Iw

[Smith1776]

Probably would be worthwhile watching this.

https://www.youtube.com/watch?v=r2iK5NI37Iw

Looks interesting. Thanks!

[vnatale]

Capture.JPG (31.17 KiB) Viewed 5115 times

[I Shrugged]

I would not pay much attention to perma-bears and the doom and gloom crowd. HB had it right, ignore the "stories".

[dualstow]

356 pages? I'm glad I have a lot of spare time and that I read fast.

There's a notable section on silver in the second half that I was very interested to read. I've been thinking of adding some silver along with platinum and palladium to my VP.

Smithers, did you?

[Smith1776]

356 pages? I'm glad I have a lot of spare time and that I read fast.

There's a notable section on silver in the second half that I was very interested to read. I've been thinking of adding some silver along with platinum and palladium to my VP.

Smithers, did you?

Never got around to it.

[dualstow]

I kinda figured you’d be talking about it by now if you had, but I was holding out hope.