Sean Carter
Member
20 messages
joined Jan 2012
I’m afraid we’re talking past each other. It depends on how you look at it! I think we both understand and don't understand each other at the same time...
I never claimed there wouldn't be volatility or brutal corrections on this rough road. I’m not pointing fingers at you, or anyone else on this forum, just because of their forecasts. That would be disrespectful to people trying to share their expertise with us. On the flip side, regardless of my knowledge, yours, or anyone else's, things can pivot in a completely different direction in an instant.
But here’s the thing: the entry and exit points are everything. That isn't just important; it's the most critical part. Timing your entry and exit is vital when discussing any investment. That’s why I suggested it might be unwise to buy physical bullion, since paper assets allow for much easier movement. Then again, trading paper feels like a gamble to me—you're trading something invisible, and we've seen plenty of times where the house wins. There's a real scenario where paper gold from a specific issuer turns out to be nothing more than a ghost; it simply doesn't exist. When you hold physical metal, what you paid for is sitting right there next to you. That was my point when I jumped into the gold debate; you took me for a skeptic. I am a partial skeptic, sure, but only because of my history with precious metals.
No, it’s about what happens in the interim... And naturally, my goal isn't just capital preservation; I want to make a profit too. Protection comes first. But for actual gains, in my estimation, we’re looking at a ten-year horizon. I’ve always maintained that. That is your opinion, and I respect it, as I respect everyone else's well-intentioned views. With all due respect, however, I take your view with a grain of salt—not because I doubt your intellect, but because we have seen enough market manipulation to know better. Americans will move mountains and fight tooth and nail to remain the number one global superpower in every sense. In those circumstances, I factor heavy manipulation into my math. If the US didn't keep things "under control"—meaning if they released a truly transparent picture of the gold situation—it would be significantly more expensive, in my view. That's just my take; you don't have to agree. But what we *all* have to agree on is that the price is what it is right now, whether people like it or not.
Is a 10% drop a problem for you? What about for anyone else? I don't know anyone who enjoys losing money.
Fair enough... I just meant there are far worse situations out there. If a loss is too hard to stomach, then sell it so you don't lose more... In your following comments, you explained beautifully why one shouldn't sell, and I'm with you on that. Whatever happens, happens.
If you genuinely feel I owe you something, let me know. We can pick a date and a method for settlement, keeping in mind I’ve always said we’d need to wait over five years...
I don't follow. What "settlement" are you talking about? Where did you get the impression I’d ever settle a score with you or anyone else? The most I can do with you or anyone on this forum is grab a coffee and have a chat. That's it. No settling scores. Don't insult me; I'm not making threats. I’m just stating my opinion, which I admit gets a bit louder when I'm passionate. Sorry, I never learned how to sugarcoat things. My policy is to hit them straight in the face, and the most hollow phrase I hear is someone offering empty platitudes just to comfort someone without providing any real arguments.
But, from what I gather by your logic, you wouldn't rely on a forum to make a decision about buying precious metals either.
We're all different, obviously. On the other hand, you often get a much more realistic and truthful picture from this forum than elsewhere.
So, I don't see why it's a problem to express an opinion. We live in a democracy, after all; everyone makes their own calls.
Agreed! Everyone is the architect of their own fate and fortune.
One thing I've always maintained is that you buy gold and silver when prices are high, and right now, compared to what they could be, they aren't. And based on my assessment of what's coming... prices will have to go up, whether anyone likes it or not.
Based on my experience with gold and just plain old life, what goes down must come up, and vice versa.
I’m not backing down; I’ll happily ride out these corrections. Like they say, come hell or high water!
And I certainly won't stop speaking my mind. Honestly, you guys aren't even facing a real crisis when you consider the struggles in Africa, Asia, and beyond, where people toil for pennies. Maybe give that some thought... because your perspective depends entirely on how you view the situation. Besides, you can cash out whenever you want; you aren't exactly starving, and from what I can tell, you have plenty of breathing room.
That's a lovely sentiment and true enough, but believe me, I might be more aware of the weight of those words than you are. That's why I'm being stubborn—disaster doesn't always strike someone else. What happens in Africa or Asia could land on our doorstep, or in your backyard, tomorrow. Hope you agree?
It's like you're letting the money call the shots. That's backwards; you should be the one calling the shots with your money.
You've got a point there. But who isn't being led by the money? Just look at what desperate people will do. Some will sit on freezing pavement in the middle of winter just to beg for enough change to grab a bite. Sure, there are beggars who just don't want to work, but they aren't the type of people I care to discuss.
Personally, I couldn't care less what happens to gold over the next two years...
Hmm, I suspect you care more than you let on. As for me, I care quite a bit—I'd sleep much better if prices were climbing instead of leaving me with this constant shadow of doubt. Again, any scenario is on the table.
Money is waiting right at the door.I couldn't agree more!
And some people end up "counting" it on their deathbeds, leaning weakly against a window in a major cathedral...
I didn't quite follow your meaning there.....
