SELL, SELL, SELL

[Dakine10 5,452]

That's true for most investments. By the way, long term capital gains tax rate is either 0% or 15% depending on which income tax bracket you fall into. I'm sure as an investor that is in the market for the long haul, you're aware of that...

Gold and silver are considered collectibles for some odd reason, so they are subject to the maximum capital gains rate (28%) after 1 year. Every few years they introduce legislation to change that and it never goes anywhere.

[I AM NOT THAT GUY 5,715]

Gold and silver are considered collectibles for some odd reason, so they are subject to the maximum capital gains rate (28%) after 1 year. Every few years they introduce legislation to change that and it never goes anywhere.

So buy gold and silver stocks, instead of collectibles.

[Zero Sum 305]

It's the difference between rich dad and poor dad.

Or along those lines, the difference between a good education and a bad one.

Gold and silver are considered collectibles for some odd reason, so they are subject to the maximum capital gains rate (28%) after 1 year. Every few years they introduce legislation to change that and it never goes anywhere.

Its a medieval thing. Some people live in those parts of the map that say 'there be dragons.'

[Danno 1,228]

Not sure if people with "[short] attention spans" are the best way to describe someone who doesn't hold over 1 year....These are most likely people who do not have $20,000.....or $200,000....or $2 million to put aside and forget about for a period of years.

Here is what ten years looks like.

[Zero Sum 305]

It 'stabilizes' per other factors too. Relative to inflationary and contemporary economies, the only ones that win are the ones that had the gold to sell each time it rose like that. To fools willing to horde all that gold for X # of years before the next exponential rise. Which may never come.

[Captain Oates 911]

I play gold with spread options only

It's nice

My stocks are ALL protected by spread options and I make money from premiums when I sell PUTS and CALLS

I have level 5 trading authorisation

It's nice

Glenn Beck has stuffed all his fans who are brown shirt reactionary sheep and it gives me a thrill like nothing else. Let's see if they want to turn down social security and medicare NOW they have been brought down to earth

Me and Warren Buffet are left wing Capitalists - we could be conflicted if we thought about it

But we don't

[Danno 1,228]

GOLD

[Zero Sum 305]

It 'stabilizes' per other factors too. Relative to inflationary and contemporary economies, the only ones that win are the ones that had the gold to sell each time it rose like that. To fools willing to horde all that gold for X # of years before the next exponential rise. Which may never come.

GOLD

A Fool is Born...

[Captain Oates 911]

Gold

Eines tages mussen wir fuer alles zahlen !

Drei autos vor der haus tuer and alle auf bump !

One day we must pay for everything

Three cars in front of the house door and all on tick !

[Dakine10 5,452]

So buy gold and silver stocks, instead of collectibles.

I swore off gold and silver stocks after the BRE-X fiasco.

I haven't bought physical gold and silver for some time now. I actually used to buy it as a hedge, not an investment. And if I didn't tell my wife about it, it would have remained that way.

[Captain Oates 911]

I swore off gold and silver stocks after the BRE-X fiasco.

I haven't bought physical gold and silver for some time now. I actually used to buy it as a hedge, not an investment. And if I didn't tell my wife about it, it would have remained that way.

All the right wing zealots at my gun club listen to Glenn Beck every day - they talked gold and silver prices every day with great glee, as it was proof that Mr Obama's policies were bound to fail

What has happened will have em glum - when they get their Medicare vouchers they will be glummer

What would it take to make em renounce right wingism ? - it doesn't exist

Imagine if people's social security and Medicare vouchers had been invested in companies who bought silver and oil on their behalf !

The right wingos are not receptive to that point as they have closed minds

ps oil and gold will be back - my options are net long now but long dated

[웃 910]

Here is what ten years looks like.

In other words the first 7 years of holding was like watching paint dry. From 11/2008 to present silver has quadrupled.

If I knew about these results I wouldn't put 1 dime in silver in 2001....I'd probably have waited the 7 years (long time) and invested in November 2008.

[Captain Oates 911]

In other words the first 7 years of holding was like watching paint dry. From 11/2008 to present silver has quadrupled.

If I knew about these results I wouldn't put 1 dime in silver in 2001....I'd probably have waited the 7 years (long time) and invested in November 2008.

What is the plan of action when a commodity drops 23% in a week ?

A Sell short

B Buy

C Stay away ....

I am a C - but everyone knew that

[웃 910]

What is the plan of action when a commodity drops 23% 28% in a week ?

A Sell short

B Buy

C Stay away ....

I am a C - but everyone knew that

Probably C but if you have the money then short! Silver is probably (just guessing) the most volatile commodity (from an old email):

"By December 2001 the price of silver had dropped to US$4.15 per ounce, and in May 2006 it had risen back as high as US$15.21 per ounce. As of 2006, silver costs (and most other metal prices) have been rather volatile, for example, quickly dropping from the May high of US$15.21 per ounce to a June low of US$9.60 per ounce before rising back above US$12.00 per ounce by August. In March 2008 silver reached US$21.34 per ounce but was back down below $9 by October!"

Silver on Pace For Second Worst Weekly Decline on Record

FRIDAY, MAY 6, 2011 AT 02:57PMWith silver on pace for its fifth straight day of losses, many traders in the commodity will be happy to see this week come to an end. With a decline of 28.43% so far, silver is on pace for its second worst week in the commodity's history. For those looking for a silver lining (no pun intended) to this week's decline, we would note that following the nine other worst weeks (-15% or more), silver averaged a gain of 2.41% in the following week with positive returns seven out of nine times. It's a start, but in order to get back to where it was last Friday, silver needs to rally 40% from current levels.

Edited May 7, 2011 by Lord Infamous

[Captain Oates 911]

Probably C but if you have the money then short! Silver is probably (just guessing) the most volatile commodity (from an old email):

"By December 2001 the price of silver had dropped to US$4.15 per ounce, and in May 2006 it had risen back as high as US$15.21 per ounce. As of 2006, silver costs (and most other metal prices) have been rather volatile, for example, quickly dropping from the May high of US$15.21 per ounce to a June low of US$9.60 per ounce before rising back above US$12.00 per ounce by August. In March 2008 silver reached US$21.34 per ounce but was back down below $9 by October!"

Silver on Pace For Second Worst Weekly Decline on Record

FRIDAY, MAY 6, 2011 AT 02:57PMWith silver on pace for its fifth straight day of losses, many traders in the commodity will be happy to see this week come to an end. With a decline of 28.43% so far, silver is on pace for its second worst week in the commodity's history. For those looking for a silver lining (no pun intended) to this week's decline, we would note that following the nine other worst weeks (-15% or more), silver averaged a gain of 2.41% in the following week with positive returns seven out of nine times. It's a start, but in order to get back to where it was last Friday, silver needs to rally 40% from current levels.

Once it bounces I might short

It reminds me of the fortune teller who asked the lone ranger to cross her palm with silver - and regretted it

It's a generational joke

Here is the Lone Ranger with silver