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main1event
7th November 2008, 17:39
Some of you know the personal anguish I have gone through selling my house back in 2004 because of my belief in the housing bubble. You dont know half of it. I've had people call me a nut job, and laugh behind my back for telling people that housing was in a bubble. We are talking friends and some family members. After all housing only goes up over time, they arent making any more land, over seas investors are buying up all the cheap U.S. property, and renting is throwing money away. I've heard every excuse under the sun.

I've had some big losses from shorting companies that I thought were overvalued and would go into bankruptcy soon. I sold short FNM, KBH, JPM, andTol at the top and lost a boat load of money. I can tell you first hand that it sucks to be me. I'm always to early and then when I'm proven right the government changes the rules on me. Back on 9/11, I was short the market the day of that trajedy, and had been for months. They shut trading down and when it returned the market was higher. Now nobody likes to make money on somebodys death, but actually people that were long made money. It just sucks that I lost my ass because the government intervened. I should have learned my lesson but NOOOOO.

Now here we are with Silver. I did buy alot of silver in the 7.00 range, and I've been telling people to buy silver even when it was $14.00 an ounce. People are again at it, the silver price has fallen boy were you wrong. Silver is a bad investment look at the Hunt Brothers. Silver is an industrial metal, we are going into a depression.

I'll tell you what, it sux to be me. I know Silver is going much higher in the years to come. Just like I knew FNM was going to go bankrupt. JPM, well the government always changes the rules but its much lower from where I originally shorted it. I think TOL and KBH will still go out of business somewhere down the line. Timing is everything, if I had just waited a few more years I could have sold my house and made more money, I could have shorted FNM at the right time and made a boat load.

I take walks daily with my wife and many times we have walked around the block talking about the housing bust, about a year ago we stopped talking about it because we talked about it so much. Now the housing bust is here and we just look at each other and shrug, like yep we saw that one coming.

Silver isnt going to do what we think its going to do in the short run. We are bound to be very dissapointed, it may go lower, it may trade at $10.00 for years. You know what, I've learned more than 10 men learn in their lifetime, I'm only 41 but I feel like I'm older. I'm tired, I'm cranky, and I just dont have enough left in me to tell people whats coming. I dont care about anyone else anymore, except me and my immediate family. I feel like when I do tell someone something they think I'm talking about Indian UFO's anyhow, so why bother.

For those that will listen, hold onto your silver and gold. Its not going to do what you or I think its going to do today or tomorrow. Stop thinking of it as a lottery ticket and more like a life preserver. Forget about, stop talking about with your wife. Buy it, store it, stay out of debt, do whatever you can to keep your job.

When the dust settles and the sun comes out, I think we are all going to be happy that we held onto our silver.

odinmage1984
7th November 2008, 17:59
Even some day to day insight is very helpful. PM prices have been going up since I was in elementary school. The stock market often proves regular folks wrong. We are indeed investors, don't forget that. We are not just sales people or middle men. We are taking some risks and earning what will eventually come, it's been going this way my whole life.

Many fortunes we're made on precious metals and commodities, just don't gamble your winning away in the market.

research24
7th November 2008, 18:20
Hey man, don't commit suicide. Its only freakin' money, so if your life is dependent on money, then you really are in a heap of trouble. I'm going bust too, but my happiness is not tied to money. I don't suggest this is an easy attitude to maintain, but I do work at it. I am determined to enjoy life even if I have to live in a cardboard box by the side of the road. I have loads of possessions but I am prepared to see them all go. I know what's coming and so I am preparing myself mentally for it. It is, quite simply, a total reversal of my attitude about money and things. Time to look in the mirror and ask yourself who you really are. Hang in there!

I've been in the dumpster before so I know from experience it is not the end of my world.

Yabezlas
7th November 2008, 18:24
Money, money, money..... there is much more to it than this.

Trvlr45
7th November 2008, 18:42
Some of you know the personal anguish I have gone through selling my house back in 2004 because of my belief in the housing bubble. You dont know half of it. I've had people call me a nut job, and laugh behind my back for telling people that housing was in a bubble. We are talking friends and some family members. After all housing only goes up over time, they arent making any more land, over seas investors are buying up all the cheap U.S. property, and renting is throwing money away. I've heard every excuse under the sun.

I've had some big losses from shorting companies that I thought were overvalued and would go into bankruptcy soon. I sold short FNM, KBH, JPM, andTol at the top and lost a boat load of money. I can tell you first hand that it sucks to be me. I'm always to early and then when I'm proven right the government changes the rules on me. Back on 9/11, I was short the market the day of that trajedy, and had been for months. They shut trading down and when it returned the market was higher. Now nobody likes to make money on somebodys death, but actually people that were long made money. It just sucks that I lost my ass because the government intervened. I should have learned my lesson but NOOOOO.

Now here we are with Silver. I did buy alot of silver in the 7.00 range, and I've been telling people to buy silver even when it was $14.00 an ounce. People are again at it, the silver price has fallen boy were you wrong. Silver is a bad investment look at the Hunt Brothers. Silver is an industrial metal, we are going into a depression.

I'll tell you what, it sux to be me. I know Silver is going much higher in the years to come. Just like I knew FNM was going to go bankrupt. JPM, well the government always changes the rules but its much lower from where I originally shorted it. I think TOL and KBH will still go out of business somewhere down the line. Timing is everything, if I had just waited a few more years I could have sold my house and made more money, I could have shorted FNM at the right time and made a boat load.

I take walks daily with my wife and many times we have walked around the block talking about the housing bust, about a year ago we stopped talking about it because we talked about it so much. Now the housing bust is here and we just look at each other and shrug, like yep we saw that one coming.

Silver isnt going to do what we think its going to do in the short run. We are bound to be very dissapointed, it may go lower, it may trade at $10.00 for years. You know what, I've learned more than 10 men learn in their lifetime, I'm only 41 but I feel like I'm older. I'm tired, I'm cranky, and I just dont have enough left in me to tell people whats coming. I dont care about anyone else anymore, except me and my immediate family. I feel like when I do tell someone something they think I'm talking about Indian UFO's anyhow, so why bother.

For those that will listen, hold onto your silver and gold. Its not going to do what you or I think its going to do today or tomorrow. Stop thinking of it as a lottery ticket and more like a life preserver. Forget about, stop talking about with your wife. Buy it, store it, stay out of debt, do whatever you can to keep your job.

When the dust settles and the sun comes out, I think we are all going to be happy that we held onto our silver.

Don't feel bad. Without going into a long explanation. I just talked to my dispatcher. I'm a truck driver. They stuck me on a produse load and you can end up wotking a whole day for free.

He say's that I'm getting an extra $90 dollars for the pick-ups and drops. I say that thats only $90 and if I end up getting screwed for a whole day for it it's not worth it because the government gets half of that and $45 net isn't worth it.

He tells me that my statement about the taxes is a conspiracy theory and that HE gets a return every year. I explain to him that he gives the Fed an interst free loan all year. He didn't get it.

THAT is how ignorant the people in this country are on what they are really paying in taxes but I"M a conspiracy theorist! Go figure.

Yabezlas
7th November 2008, 18:43
When I was your age (1987), things were not so rosy either. This is a time of opportunity....WHAT are you going to do with it? Get over it and get back to work.

main1event
7th November 2008, 20:29
I am not depressed at all. I feel very blessed, and I do feel fortunate to have some insight into economics and finance.

My point was to hang in there, and not to feel depressed. Jesse Livermore said its very hard for the average man to hold on. That is very true, because in bull markets you deal with some very tough times that make you reconsider your position. T

cugir321
7th November 2008, 23:02
You bought a great lesson...congrad's! It was worth the money you lost. Keep buying it when it feels wise. Never look back...keep out of debt....bury it if try and confiscate it. Bury it for your wife. My fav phrase....it is what it is. Stop trying to be rich. And you'll find yourself wealthy. It's harder for a rich man to make heaven then putting a camel throught the eye of a needle. Save and enjoy life. If you become money rich then give a lot away to someone or something you love. Save for your kids and you'll save yourself. The lesson is we are powerless! That's power. The chains disappear. I enjoy buying silver because to me it's like a gun or long term food....not a money investment to wealth. I sleep well when it crashes. I enjoy looking at it's beauty...it's art. Buy what you can afford...getting hooked into the get rich thing will kill you no matter if it's gambling with cards, stocks, oil etc....it's the drug of greed. The highest highs and the lowest lows.


Some of you know the personal anguish I have gone through selling my house back in 2004 because of my belief in the housing bubble. You dont know half of it. I've had people call me a nut job, and laugh behind my back for telling people that housing was in a bubble. We are talking friends and some family members. After all housing only goes up over time, they arent making any more land, over seas investors are buying up all the cheap U.S. property, and renting is throwing money away. I've heard every excuse under the sun.

I've had some big losses from shorting companies that I thought were overvalued and would go into bankruptcy soon. I sold short FNM, KBH, JPM, andTol at the top and lost a boat load of money. I can tell you first hand that it sucks to be me. I'm always to early and then when I'm proven right the government changes the rules on me. Back on 9/11, I was short the market the day of that trajedy, and had been for months. They shut trading down and when it returned the market was higher. Now nobody likes to make money on somebodys death, but actually people that were long made money. It just sucks that I lost my ass because the government intervened. I should have learned my lesson but NOOOOO.

Now here we are with Silver. I did buy alot of silver in the 7.00 range, and I've been telling people to buy silver even when it was $14.00 an ounce. People are again at it, the silver price has fallen boy were you wrong. Silver is a bad investment look at the Hunt Brothers. Silver is an industrial metal, we are going into a depression.

I'll tell you what, it sux to be me. I know Silver is going much higher in the years to come. Just like I knew FNM was going to go bankrupt. JPM, well the government always changes the rules but its much lower from where I originally shorted it. I think TOL and KBH will still go out of business somewhere down the line. Timing is everything, if I had just waited a few more years I could have sold my house and made more money, I could have shorted FNM at the right time and made a boat load.

I take walks daily with my wife and many times we have walked around the block talking about the housing bust, about a year ago we stopped talking about it because we talked about it so much. Now the housing bust is here and we just look at each other and shrug, like yep we saw that one coming.

Silver isnt going to do what we think its going to do in the short run. We are bound to be very dissapointed, it may go lower, it may trade at $10.00 for years. You know what, I've learned more than 10 men learn in their lifetime, I'm only 41 but I feel like I'm older. I'm tired, I'm cranky, and I just dont have enough left in me to tell people whats coming. I dont care about anyone else anymore, except me and my immediate family. I feel like when I do tell someone something they think I'm talking about Indian UFO's anyhow, so why bother.

For those that will listen, hold onto your silver and gold. Its not going to do what you or I think its going to do today or tomorrow. Stop thinking of it as a lottery ticket and more like a life preserver. Forget about, stop talking about with your wife. Buy it, store it, stay out of debt, do whatever you can to keep your job.

When the dust settles and the sun comes out, I think we are all going to be happy that we held onto our silver.

cugir321
7th November 2008, 23:07
I just talked to a customer today...he has a trucking firm...says he can last about two more months. His driver went to michigan today...he's sitting in a hotel without a load to bring back...calling every 1/2 hour...got one yet, got one yet...you're protecting yourself with silver. It's like having a gun. You don't need it til you need it.


Don't feel bad. Without going into a long explanation. I just talked to my dispatcher. I'm a truck driver. They stuck me on a produse load and you can end up wotking a whole day for free.

He say's that I'm getting an extra $90 dollars for the pick-ups and drops. I say that thats only $90 and if I end up getting screwed for a whole day for it it's not worth it because the government gets half of that and $45 net isn't worth it.

He tells me that my statement about the taxes is a conspiracy theory and that HE gets a return every year. I explain to him that he gives the Fed an interst free loan all year. He didn't get it.

THAT is how ignorant the people in this country are on what they are really paying in taxes but I"M a conspiracy theorist! Go figure.

Kelly
8th November 2008, 01:21
Yes, the truckers in my neck of the woods are howling too, especially the guys that own their own rigs. If they can find a run, they can't do the runs for what they are getting paid for them because it translates to working for nothing.

Trvlr45
8th November 2008, 04:51
Yes, the truckers in my neck of the woods are howling too, especially the guys that own their own rigs. If they can find a run, they can't do the runs for what they are getting paid for them because it translates to working for nothing.

You bet, when Nancy Pelosi and Harry Reid decided to help the economy along by intentionally driving fuel prices up under the guise of "saving the planet" over 900 trucking companies went out of business earlier this year. Those are just the ones I heard about. I'm sure there are far more than that.

These people are SO GOOD for our economy. I can't wait for more. They have already cost me about $800 a month in lost pay. It's nice to know they are in COMPLETE control of the country now. I'm sure everyone that supports the C02 hoax of global warming will enjoy their bread lines because they are on the way. They are already destroying the economy and haven't even gotten to the "carbon tax" yet. That will help accelerate our demise and at the same time afford the world's dictators the new mansions they just have to have.

BUT!

If you go here you can see their plan for the Leninist work camps in the making. Obama has a plan to employ everyone, eventually. He'll just have to sucker them into the mentality of "communal love" and collective thought first. They fell for global warming. I'm sure they will fall for "communal living" as well.

http://forums.silverseek.com/newreply.php?do=newreply&p=21051

Trvlr45
8th November 2008, 05:03
I just talked to a customer today...he has a trucking firm...says he can last about two more months. His driver went to michigan today...he's sitting in a hotel without a load to bring back...calling every 1/2 hour...got one yet, got one yet...you're protecting yourself with silver. It's like having a gun. You don't need it til you need it.

I apreciate that Cugir. The problem is my silver buying has come to a halt due to the pay cut. I have a few more pressing matters to take care of right now. Ammunition and paying off some debt are more important right now I think. Then there is food storage. Hopefully, I can get back to it early next year.

augernaut
8th November 2008, 07:42
Look mainevent 1....i bought my new house 2 yrs ago ,and 1 month later my job of 20 yrs went to portugal,then i bought the bulk of my stash at 16$..i guess it went to portugal too...bottom line is SCREW IT.If silver goes to 1$ i will melt it down and make a hell of a chess set out of it....you are only defeated if you stop fighting.JUST ROLL THE DICE.....cheers

skijake
8th November 2008, 11:58
I am not depressed at all. I feel very blessed, and I do feel fortunate to have some insight into economics and finance.

My point was to hang in there, and not to feel depressed. Jesse Livermore said its very hard for the average man to hold on. That is very true, because in bull markets you deal with some very tough times that make you reconsider your position. T

Timing in life is important. Timing in the markets and casinos is everything. Your foresight is an important part of the way you see everything in the world. [I think I have a similar ability/curse} I think to know something will happen is great but I don't kill myself trying to time it as much. Jim Sinclaire writes to leave the last 10% on the table, let the late comers scramble over it.

Not just cheerleading here. Great post and responses as usual! :)