What's going on with silver?

Discussion of the Gold portion of the Permanent Portfolio

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ochotona
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Re: What's going on with silver?

Post by ochotona » Sun Sep 23, 2018 8:38 am

No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
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Re: What's going on with silver?

Post by dualstow » Sun Sep 23, 2018 9:20 am

He said that gold was doing the job on its own, i.e. the job of 25% of the portfolio, and that silver was superfluous. I read this in Best Laid Plans...He also mentioned what you’ve often heard about silver being more important for industrial use than a store of value.

I wasn’t aware of Harry when he was publishing that newsletter, but I think he got everyone out of silver at a fairly fortuitous time.
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Re: What's going on with silver?

Post by ochotona » Sun Sep 23, 2018 10:07 am

dualstow wrote:
Sun Sep 23, 2018 9:20 am
He said that gold was doing the job on its own, i.e. the job of 25% of the portfolio, and that silver was superfluous. I read this in Best Laid Plans...He also mentioned what you’ve often heard about silver being more important for industrial use than a store of value.

I wasn’t aware of Harry when he was publishing that newsletter, but I think he got everyone out of silver at a fairly fortuitous time.
I'm just fearful if we have a bad global industrial recession, silver could fall into single digits. I'm not a buyer
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Re: What's going on with silver?

Post by dualstow » Sun Sep 23, 2018 11:26 am

Seems like silver could fall into single digits for any number of reasons.
If that happened, and the spread were not too crazy, I’d find it hard not to buy. Pricey poker chips in the worst case scenario.
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Re: What's going on with silver?

Post by Kbg » Mon Sep 24, 2018 1:56 pm

ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.

Pirate attack?
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ochotona
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Re: What's going on with silver?

Post by ochotona » Mon Sep 24, 2018 2:55 pm

Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
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Re: What's going on with silver?

Post by Tortoise » Mon Sep 24, 2018 10:59 pm

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
Ah yes, there's nothing more relaxing than canoeing in the middle of the ocean, hundreds of miles from the nearest dry land ;)
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Re: What's going on with silver?

Post by Kbg » Tue Sep 25, 2018 7:58 am

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
There you have it...I’ve been arguing for months that gold ETFs are safer than physical. :-)
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Re: What's going on with silver?

Post by Desert » Tue Sep 25, 2018 8:09 am

Kbg wrote:
Tue Sep 25, 2018 7:58 am
ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm

Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.
There you have it...I’ve been arguing for months that gold ETFs are safer than physical. :-)
You've convinced me, that's for sure. Also, I'm not going canoeing with ochotona anymore.
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Re: What's going on with silver?

Post by Ad Orientem » Tue Sep 25, 2018 2:14 pm

ochotona wrote:
Mon Sep 24, 2018 2:55 pm
Kbg wrote:
Mon Sep 24, 2018 1:56 pm
ochotona wrote:
Sun Sep 23, 2018 8:38 am
No kidding, my gold holdings would weigh 655 lbs if silver. But that was before the boat accident.
Pirate attack?
My canoe capsized and all the precious metals went to the bottom of the Mariana Trench in the Pacific Ocean.

Canoeing over the Mariana Trench? You do realize that this is where the Megalodons are hiding? Even if not them, then there are other wildlife out there that would like to turn you into an hors d'oeuvre...

https://youtu.be/jnlndVVogSQ
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Re: What's going on with silver?

Post by Ad Orientem » Fri Sep 28, 2018 11:15 am

Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
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Re: What's going on with silver?

Post by dualstow » Fri Sep 28, 2018 11:24 am

Ad Orientem wrote:
Fri Sep 28, 2018 11:15 am
Silver bouncing... up near 3%. I am back at break even, maybe a tick in the black on my speculation... woo hoo!
Well, enjoy your five minutes. O0
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