Hummin Posted May 16 Posted May 16 On 5/14/2025 at 3:37 PM, hotsun said: Buy bitcoin when its 100k or buy it when its a million. Holding precious metals is like watching grass grow How much BTC did you say you had ? 😉
swissie Posted May 16 Posted May 16 7 minutes ago, Lacessit said: I am sitting on cash, waiting for the next stupidity from the Oval Office to send sharemarkets into a tailspin again. Nothing better than buying a good stock cheap, which is paying a good dividend. I have done quite well out of silver, but it pays no dividend. As you say, riding a tiger. Good on you. Same as you, Warren Buffet is also sitting on a lot of cash. IMO the time when everyone is crying "fire" rushing for the fire exit is not too far off.
Stocky Posted May 16 Posted May 16 46 minutes ago, swissie said: Silver is mostly a by-product of copper mining. No it's not. Silver is associated with lead, zinc and gold. Whilst most certainly it's a by-product in gold mining, it's more often the case the primary economic metal in silver-lead-zinc deposits. Yes it is associated with copper, but it's not the most common occurrence.
StayinThailand2much Posted May 16 Posted May 16 On 5/14/2025 at 1:13 PM, pacovl46 said: Gold is a long term investment and in my opinion much safer than anything else, apart from real estate maybe. Yes. I used to invest into gold for short-term gain, but usually made a loss. Now investing more and more in gold, as opposed to equities. Planning to hold for 5-10 years. 1
jas007 Posted May 16 Posted May 16 On 5/14/2025 at 10:28 AM, Conan The Barbarian said: Looking for a Long-Term Investment: Silver or Gold? Both, but right now, silver is undervalued. Still, I wouldn't go all in on precious metals. Get some advice about a proper portfolio allocation. I can remember buying and selling 1 oz gold coins in the $300 range, most recently in the early 2000s. So it can be a good inflation hedge. And I can remember buying bags of junk silver for not much. Maybe 3X face? Again, a good inflation hedge for anyone with a long term time horizon. And don't forget, silver has industrial applications, so that gives it added value. They need that stuff. 1
swissie Posted May 16 Posted May 16 24 minutes ago, Stocky said: No it's not. Silver is associated with lead, zinc and gold. Whilst most certainly it's a by-product in gold mining, it's more often the case the primary economic metal in silver-lead-zinc deposits. Yes it is associated with copper, but it's not the most common occurrence. According to big mining companies (Glencore for example) most Silver content is connected to copper mining as far as quantity is concerned. Surely other mining procedures yield a certain amount of Silver. But as far as quantity is concerned, copper is the main supplier of Silver. 2
swissie Posted May 16 Posted May 16 In the case of Silver, I would like to add that for the 3rd year in a row Silver demand has outpaced Silver production. Of course, something like that doesn't make the headlines. But this is exactly the constellation for another typical Silver outburst on the upside. This time not needing any "market cornering" as before, just the fundamentals sinking in. According to the current pricing of Silver, those fundamentals have not yet "sunk-in".
Lacessit Posted May 17 Posted May 17 10 hours ago, jas007 said: And don't forget, silver has industrial applications, so that gives it added value. They need that stuff. Just about every smartphone, tablet, laptop, and desktop made contains silver. It has the highest electrical conductivity of any metal. 1
bravo19 Posted May 17 Posted May 17 On 5/14/2025 at 5:28 AM, Conan The Barbarian said: Looking for a Long-Term Investment: Silver or Gold? BTC! 1
pacovl46 Posted May 17 Posted May 17 22 hours ago, StayinThailand2much said: Yes. I used to invest into gold for short-term gain, but usually made a loss. Now investing more and more in gold, as opposed to equities. Planning to hold for 5-10 years. From 2008 to 2012 you could've made a lot of money with gold because the banks flooded the market with gold shares every Friday evening right before the exchange closed down in order to combat the rising gold price. Of course it went right back up the following Monday. The good old days. But even the people who bought it at the highest price right before the end of the financial crisis, after which the price dropped, are well in the black numbers now, if they held on to it.
Stocky Posted May 18 Posted May 18 On 5/16/2025 at 10:10 PM, swissie said: According to big mining companies (Glencore for example) most Silver content is connected to copper mining as far as quantity is concerned. Surely other mining procedures yield a certain amount of Silver. But as far as quantity is concerned, copper is the main supplier of Silver. Newmont's Peñasquito Mine in Mexico is the worlds biggest silver mine, it's a gold, silver, lead zinc deposit and produced 30 million oz of silver annually. Industrias Peñoles is the world's biggest silver producer, it's mines in Mexico produce a combined total of 80 million oz of silver annually along with 750,000oz of gold, 62,000 tonnes of lead, 200,000 tonnes of zinc, and 17,000 tons of copper. Fresnillo Plc in Mexico produce 56 million oz silver and 630,000oz gold annually. Overall Mexico is the world's largest silver producer with a total of approximately 6,300 tonnes per annum equivalent to about 200 million oz. Glencore is indeed a significant mining company and a major producer of copper and cobalt, and it produces about 20 million oz of silver annually as a by-product of it's global copper production of 1 million tonnes annually. Copper mining is a significant supplier of silver, but most silver is a product of gold, lead and zinc mining.
Jim Blue Posted May 25 Posted May 25 On 5/14/2025 at 10:28 AM, Conan The Barbarian said: Looking for a Long-Term Investment: Silver or Gold? You might consider a small investment in actual gold mine shares? Even if the gold price falls as long as the mine is profitable you should be OK. I did this starting 5 years ago , it has been a rough ride but looking very good now 1
happydreamer Posted May 26 Posted May 26 Anyone going 'all-in' on any particular instrument or commodity should stay the hell out of investments. Besides demonstrating a non-existent understanding of diversification its the absolute stupidest idea in the entire world of investments 1
Ron Micheli Posted May 26 Posted May 26 Where can you buy silver bars in Pattaya? If cannot purchase in Pattaya, where in Bangkok good to purchase it?
jas007 Posted May 26 Posted May 26 18 minutes ago, happydreamer said: Anyone going 'all-in' on any particular instrument or commodity should stay the hell out of investments. Besides demonstrating a non-existent understanding of diversification its the absolute stupidest idea in the entire world of investments Unless it pans out. Anything can happen over the short to intermediate term, but if you're in the right thing, it's hard to lose, long term. Is it gambling? Maybe. What about card counting in Blackjack? You're in a casino and you appear to be gambling, but maybe not so much. 2
klauskunkel Posted May 26 Posted May 26 32 minutes ago, Ron Micheli said: Where can you buy silver bars in Pattaya? If cannot purchase in Pattaya, where in Bangkok good to purchase it? https://morrisandwatson.com/bullion/buy-silver-bars Bangkok 46/4 Charoenraj Road Bangklo Bangkorlaem Bangkok 10120 Thailand Tel: +66 2 164 1021 Fax: +66 2 164 1025 Email: sales(at)morrisandwatson.co.th They buy and sell all gold and silver. I have sold to them 3 times already. Spot price
happydreamer Posted May 26 Posted May 26 1 hour ago, jas007 said: Unless it pans out. Anything can happen over the short to intermediate term, but if you're in the right thing, it's hard to lose, long term. Is it gambling? Maybe. What about card counting in Blackjack? You're in a casino and you appear to be gambling, but maybe not so much. It's an irresponsible strategy to go all in on an investment whether it plays out or not. No financial advisor or wealth manager is going to pat you on the ass and say wow I'm impressed by your great timing and diamond hands'ing that all in move broooo." It shows a lack of knowledge depth and understanding. Card counting is a strategy. All -in on anything, strategy or not isn't a prudent move. Ive done this for over 25 years and retired at 40 (ten years ago) off diligence, hedging, and diversification in the markets.
jas007 Posted May 26 Posted May 26 5 minutes ago, happydreamer said: It's an irresponsible strategy to go all in on an investment whether it plays out or not. No financial advisor or wealth manager is going to pat you on the ass and say wow I'm impressed by your great timing and diamond hands'ing that all in move broooo." It shows a lack of knowledge depth and understanding. Card counting is a strategy. All -in on anything, strategy or not isn't a prudent move. Ive done this for over 25 years and retired at 40 (ten years ago) off diligence, hedging, and diversification in the markets. I've been investing since 1974, however many years ago that was. And I retired almost twenty years ago. Anyway, sometimes you absolutely know what's going to happen, you just don't know when. And you absolutely know when there's no risk, long term. Those situations don't arise often. Almost never. But when they do? Almost a sure thing. I say "almost," because there's always the chance of some crazy extra-market event that could upset the apple cart, so to speak. An asteroid slamming into earth. A global thermonuclear war. And if anything like that were to happen? Oh well, you tried, and there wouldn't be stock portfolios to worry about, in any event.
happydreamer Posted May 26 Posted May 26 48 minutes ago, jas007 said: I've been investing since 1974, however many years ago that was. And I retired almost twenty years ago. Anyway, sometimes you absolutely know what's going to happen, you just don't know when. And you absolutely know when there's no risk, long term. Those situations don't arise often. Almost never. But when they do? Almost a sure thing. I say "almost," because there's always the chance of some crazy extra-market event that could upset the apple cart, so to speak. An asteroid slamming into earth. A global thermonuclear war. And if anything like that were to happen? Oh well, you tried, and there wouldn't be stock portfolios to worry about, in any event. So you're an advocate of all-in? That sounds very unlike your generation and more like a crypto bro mentality
jas007 Posted May 26 Posted May 26 14 minutes ago, happydreamer said: So you're an advocate of all-in? That sounds very unlike your generation and more like a crypto bro mentality A advocate of "all-in." Mostly, no, but sometimes, there's simply no real risk. Let me give you a simplified example. You're in a math class for idiots.The teacher puts an equation up on the board. 2 + 2 = X. And yet the class doesn't recognize the answer that's absolutely correct. Going all in on X = 4 would be considered "risky." And so they hedge their bets. They diversify. Some chose X = 4,, along with a bunch of other answers, just to be safe. As for Bitcoin? I have some I bought in 2017, along with a few other cryptos. And I still have it. But I don't trust it. Where did it come from? And unless I know that, I know nothing for sure. The only time I have an all-in mentality is when I know the answer.
happydreamer Posted May 26 Posted May 26 22 minutes ago, jas007 said: A advocate of "all-in." Mostly, no, but sometimes, there's simply no real risk. Let me give you a simplified example. You're in a math class for idiots.The teacher puts an equation up on the board. 2 + 2 = X. And yet the class doesn't recognize the answer that's absolutely correct. Going all in on X = 4 would be considered "risky." And so they hedge their bets. They diversify. Some chose X = 4,, along with a bunch of other answers, just to be safe. As for Bitcoin? I have some I bought in 2017, along with a few other cryptos. And I still have it. But I don't trust it. Where did it come from? And unless I know that, I know nothing for sure. The only time I have an all-in mentality is when I know the answer. Ok...the example helped clarify. Point taken. Made money off bitcoin once in December of 2017 when I sold at 14K. Who knew. Would have been pretty damn good right now had I not. As for it now, I'm in BITO because it pays dividends (for now) and is much less risky Cheers
hotsun Posted May 26 Posted May 26 30 minutes ago, jas007 said: A advocate of "all-in." Mostly, no, but sometimes, there's simply no real risk. Let me give you a simplified example. You're in a math class for idiots.The teacher puts an equation up on the board. 2 + 2 = X. And yet the class doesn't recognize the answer that's absolutely correct. Going all in on X = 4 would be considered "risky." And so they hedge their bets. They diversify. Some chose X = 4,, along with a bunch of other answers, just to be safe. As for Bitcoin? I have some I bought in 2017, along with a few other cryptos. And I still have it. But I don't trust it. Where did it come from? And unless I know that, I know nothing for sure. The only time I have an all-in mentality is when I know the answer. As long as you have some. People who have none will regret it
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