Karma wrote:adaseb wrote:silver, no.
Silver was good to trade during the Great Silver Bubble of 2011.
Gold and Oil are my favorite. Also the DAX30.
I consider what is going on now a reverse silver bubble
My understanding is that there isn't enough physical silver on the planet to validate these prices
Who knows. I think it was just dumb money buying it when it was already overvalued.
Everybody kept talking about it. "Dude we gotta buy some silver, it will be worth $500 in a few months", etc, etc. Every news story on TV and online kept talking about how silver is a great investment, etc, etc. We at Kreslik are smart enough to know that its a bear trap but the general public is just dumb.
Similar situation with Facebook. Many retail traders bought the stock thinking it will double or triple in a few years, when it started losing value, panic started, and huge selling, It lost what, almost half its initial IPO value?
Facebook is a large company, the stock shouldn't of declined so fast.
Keep in mind that Zuckerberg guy is smart. I think he used to be a trader before he started facebook. And he did a smart move selling shares when his company was at its peek.
My guess is a lot of peoples IRA accounts got hurt as a result. The rich got richer and the poor got poorer.
Its a dirt dirty business we are in.