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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20624672 - 09/27/14 07:58 AM (9 years, 4 months ago) |
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9/27/14.
The strong dollar continues and the metals and commodities in general that are priced in dollars are getting hammered. DXY closing in on 86 with a potential peak of 89. In the past it peaks fast then fails fast.
We shall see...
No dead cat bounce on silver until dollar capitulates, low 17.30, close 17.66.
-------------------- Anxiety is what you make it.
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20625088 - 09/27/14 10:17 AM (9 years, 4 months ago) |
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So if it drops to five bucks an ounce are you guys going to stock up for long term? Just curious what the experts are doing here, not advice. 
And btw thank you for keeping this thread going with pertinent info. It's nice to see someone take the reigns on this and keep at it.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: Adden]
#20627177 - 09/27/14 06:07 PM (9 years, 4 months ago) |
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Quote:
Dys said: So if it drops to five bucks an ounce are you guys going to stock up for long term? Just curious what the experts are doing here, not advice. 
And btw thank you for keeping this thread going with pertinent info. It's nice to see someone take the reigns on this and keep at it.
Sales of the American Silver 1 oz. Eagles are robust, to say the least, and have been for the past couple of years in particular. These coins are likely to be held long term by "stockers" we really can't call them investors per se. If the price keeps dropping, expect more and more buying. The mint had rationing already this year and could just sell out, it's happened before.
-------------------- Anxiety is what you make it.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20655092 - 10/03/14 08:51 PM (9 years, 4 months ago) |
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Quote:
thescientist said: Could go up, could go down, who knows? Nobody!
Is the bottom in?
Heck no.
Quote:
thescientist said: Bottom in?
Clearly not as we are sub $20 again.
Is the bottom in?
no sir.
Now may be a good time to read some of the great silver threads from a few years ago. Funny, the run up had people buying in > $30/oz and even >$40 yikes. This mostly after the top had been reached and the price was in decline. Huge losses for many, and many more who didn't advertise their moves.
It is kind of a shame to see the influence some of the cheerleaders had on others to their detriment. Of course, one must always do their own due diligence, however one must also take some responsibility for championing a failed concept to others misfortune.
What's the plan?
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20660229 - 10/05/14 07:34 AM (9 years, 4 months ago) |
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Quote:
thescientist said:
Quote:
thescientist said: Could go up, could go down, who knows? Nobody!
Is the bottom in?
Heck no.
Quote:
thescientist said: Bottom in?
Clearly not as we are sub $20 again.
Is the bottom in?
no sir.
Now may be a good time to read some of the great silver threads from a few years ago. Funny, the run up had people buying in > $30/oz and even >$40 yikes. This mostly after the top had been reached and the price was in decline. Huge losses for many, and many more who didn't advertise their moves.
It is kind of a shame to see the influence some of the cheerleaders had on others to their detriment. Of course, one must always do their own due diligence, however one must also take some responsibility for championing a failed concept to others misfortune.
What's the plan?
Why don't you tell us? You like to play the role of Monday morning quarterback critiquing the game from your easy chair.
"Could go up, could go down, who knows? Nobody". That's really your best advice?
-------------------- Anxiety is what you make it.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20661185 - 10/05/14 12:15 PM (9 years, 4 months ago) |
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Quote:
LunarEclipse said:
"Could go up, could go down, who knows? Nobody". That's really your best advice?
That's not my best advice, that's the best advice.
Even more so, it doesnt really matter if it goes up or down so long as you have a plan.
I don't have such an ego or desire to gamble as is so popular in amateur investing.
I don't think I know which way the price will go. Anyone who does is full of it.
Like I wrote before, anyone who may feel inclined to take advice from one of these precious metals threads would serve themselves well by reading some of the older threads to see how people have actually made out.
Is the bottom in for silver at 16.86$?
Probably not, but who knows....
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20661208 - 10/05/14 12:19 PM (9 years, 4 months ago) |
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I'm so glad I didn't have the buying power I have now during the surge. I'd be fucked.
I really do like the coin collecting aspect of it more than the investing part, which I know sounds foolish to all of you, but my end game is hoarding as much as possible and keeping money off the books so my wife or kids can use it 25 or more years from now for non taxable income.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: Adden]
#20661242 - 10/05/14 12:28 PM (9 years, 4 months ago) |
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For sure, there are lots of numi's and semi-numi's and bullion varieties available for close to the spot price to make the asset class more of a hobby, and something with a bit of character and a reflection of many nations' histories.
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20661259 - 10/05/14 12:32 PM (9 years, 4 months ago) |
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The historical value of a lot of my foreign coins is a lot more to me than their book value or metal value. I think it's often overlooked even by some/most collectors.
Regarding collecting, (pulled from the other thread):
Quote:
Recently acquired another $100 FV of $10 Face Value Silver (Cull) (ten qty).
Half of it was all quarters. Got 14 barber quarters in F to XF. Standing lib quarters were undated and slickers. Had four Washington in it, 1935 to 1963.
Half dollars had a few JFK in F or better. No Franklins below VF. One or two walking liberty in XF, which were the bulk. All full dates. Got some 1917s; also 1921 Libs from all 3 mints. Coin value of key dates paid for half of it.
I'm very impressed with this purchase. Obviously all will not be like this.
Would buy again just for the fun of searching through dates.
One walking Lib was 1917 obverse D. One standing lib was type 1. Undated but no stars, neat to just have. I've another in XF from my father and it's just a cool one to have. I can dig it.
I wonder how many people who invest in silver look over this sort of thing. I'd venture a guess at "a lot", especially during the bubble.
Edited by Adden (10/05/14 12:40 PM)
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20662194 - 10/05/14 03:57 PM (9 years, 4 months ago) |
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Quote:
thescientist said:
Quote:
LunarEclipse said:
"Could go up, could go down, who knows? Nobody". That's really your best advice?
That's not my best advice, that's the best advice.
Even more so, it doesnt really matter if it goes up or down so long as you have a plan.
I don't have such an ego or desire to gamble as is so popular in amateur investing.
I don't think I know which way the price will go. Anyone who does is full of it.
Like I wrote before, anyone who may feel inclined to take advice from one of these precious metals threads would serve themselves well by reading some of the older threads to see how people have actually made out.
Is the bottom in for silver at 16.86$?
Probably not, but who knows....
I fully get it. You're a Monday morning quarterback who criticizes the team for losing, gripes about their game plan, yet has no real alternative game plan of your own. Just a bunch of criticism with no solutions.
Once again, what's your plan on silver? Don't have one, just like to pretend you do?
-------------------- Anxiety is what you make it.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: Adden]
#20662314 - 10/05/14 04:20 PM (9 years, 4 months ago) |
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Quote:
Dys said: The historical value of a lot of my foreign coins is a lot more to me than their book value or metal value. I think it's often overlooked even by some/most collectors.
Regarding collecting, (pulled from the other thread):
Quote:
Recently acquired another $100 FV of $10 Face Value Silver (Cull) (ten qty).
Half of it was all quarters. Got 14 barber quarters in F to XF. Standing lib quarters were undated and slickers. Had four Washington in it, 1935 to 1963.
Half dollars had a few JFK in F or better. No Franklins below VF. One or two walking liberty in XF, which were the bulk. All full dates. Got some 1917s; also 1921 Libs from all 3 mints. Coin value of key dates paid for half of it.
I'm very impressed with this purchase. Obviously all will not be like this.
Would buy again just for the fun of searching through dates.
One walking Lib was 1917 obverse D. One standing lib was type 1. Undated but no stars, neat to just have. I've another in XF from my father and it's just a cool one to have. I can dig it.
I wonder how many people who invest in silver look over this sort of thing. I'd venture a guess at "a lot", especially during the bubble.
I wouldn't consider strictly numismatic coins to be a precious metals play.
It is a play on a collectors market which moves with the general affluence of those creating the demand.
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20662698 - 10/05/14 05:38 PM (9 years, 4 months ago) |
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Right, but I sell them and buy more metals, which is why I like buying these mixed bags. When I come across a coin in better condition than one I own, I swap them out, so my collection is constantly upgrading itself.
Found a 1913-S barber dime in one batch in Fine condition (conservative estimate) which I can turn into a lot more than $1.22 melt at today's spot.

Plus it's fun!
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20663770 - 10/05/14 09:07 PM (9 years, 4 months ago) |
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Quote:
LunarEclipse said:
Quote:
thescientist said:
Quote:
LunarEclipse said:
"Could go up, could go down, who knows? Nobody". That's really your best advice?
That's not my best advice, that's the best advice.
Even more so, it doesnt really matter if it goes up or down so long as you have a plan.
I don't have such an ego or desire to gamble as is so popular in amateur investing.
I don't think I know which way the price will go. Anyone who does is full of it.
Like I wrote before, anyone who may feel inclined to take advice from one of these precious metals threads would serve themselves well by reading some of the older threads to see how people have actually made out.
Is the bottom in for silver at 16.86$?
Probably not, but who knows....
I fully get it. You're a Monday morning quarterback who criticizes the team for losing, gripes about their game plan, yet has no real alternative game plan of your own. Just a bunch of criticism with no solutions.
Once again, what's your plan on silver? Don't have one, just like to pretend you do?
Buy in a pyramid on the way down. Now is not bad timing. Sell in a pyramid on the way up. Friday was bad timing.
Silver should not be a significant part of anyone's portfolio unless it is quite literally their business and in that case, it is no longer a portfolio, but retail.
Any investor acting under the belief that one specific investment is going to make them rich is taking on far too much risk and in all but the most lucky scenarios will lose significantly.
Make small, but consistent gains over time on a variety of investments and you will do well in the long run.
Funny that you would pose this question LunarEclipse, as I have posed it to you numerous times and it is clear you don't have a plan or discipline.
As a general statement: I would caution new investors to run when they meet evangelicals preaching on money matters.
And go back and read some of the old posts.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20666166 - 10/06/14 12:14 PM (9 years, 4 months ago) |
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Quote:
thescientist said:
Quote:
LunarEclipse said:
Quote:
thescientist said:
Quote:
LunarEclipse said:
"Could go up, could go down, who knows? Nobody". That's really your best advice?
That's not my best advice, that's the best advice.
Even more so, it doesnt really matter if it goes up or down so long as you have a plan.
I don't have such an ego or desire to gamble as is so popular in amateur investing.
I don't think I know which way the price will go. Anyone who does is full of it.
Like I wrote before, anyone who may feel inclined to take advice from one of these precious metals threads would serve themselves well by reading some of the older threads to see how people have actually made out.
Is the bottom in for silver at 16.86$?
Probably not, but who knows....
I fully get it. You're a Monday morning quarterback who criticizes the team for losing, gripes about their game plan, yet has no real alternative game plan of your own. Just a bunch of criticism with no solutions.
Once again, what's your plan on silver? Don't have one, just like to pretend you do?
Buy in a pyramid on the way down. Now is not bad timing. Sell in a pyramid on the way up. Friday was bad timing.
Silver should not be a significant part of anyone's portfolio unless it is quite literally their business and in that case, it is no longer a portfolio, but retail.
Any investor acting under the belief that one specific investment is going to make them rich is taking on far too much risk and in all but the most lucky scenarios will lose significantly.
Make small, but consistent gains over time on a variety of investments and you will do well in the long run.
Funny that you would pose this question LunarEclipse, as I have posed it to you numerous times and it is clear you don't have a plan or discipline.
As a general statement: I would caution new investors to run when they meet evangelicals preaching on money matters.
And go back and read some of the old posts.
Buying more when something is going down is about the worst plan ever. That's the gambler mentality. "If I just keep doubling up, eventually I will break even". Major fail. It's the same mentality you critique for those who have been buying on the way down. Except you keep doubling up your double up. Truly major fail. You like to chase them to zero, right?
I've tried to explain the merit of holding a percentage of your investments in physical precious metals. You seem to think this is about trading them. Or that somehow I'm maxed out in silver or palladium. Neither is the case. They are an insurance policy against inflation or dollar failure. Obviously when the dollar is strong, they aren't going to be working well in that regard.
-------------------- Anxiety is what you make it.
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20667327 - 10/06/14 04:20 PM (9 years, 4 months ago) |
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Dollar cost averaging (DCA) works with silver.
Try it.
So you think buying more at $16.86/oz "is about the worst plan ever."
????
The great part about the internet is that everyone can be a millionaire, and always buy the low and sell the high.
The other great part is that what is written can not be unwritten.
Such as it is.
Is the bottom in for silver?
Probably not.
But maybe.
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20675345 - 10/08/14 01:10 PM (9 years, 4 months ago) |
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Quote:
thescientist said: Dollar cost averaging (DCA) works with silver.
Try it.
So you think buying more at $16.86/oz "is about the worst plan ever."
????
The great part about the internet is that everyone can be a millionaire, and always buy the low and sell the high.
The other great part is that what is written can not be unwritten.
Such as it is.
Is the bottom in for silver?
Probably not.
But maybe.
I think your idea of selling winners quickly in a pyramid on the way up, and adding to losers in a pyramid on the way down are both losers. Particularly the doubling up on the way down.
Had you used the term dollar cost averaging with silver, then I would have reacted differently. But you didn't. You should try not changing your story.
And where did I say buying at $16.86 was a bad plan?
-------------------- Anxiety is what you make it.
Edited by LunarEclipse (10/08/14 01:11 PM)
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20678250 - 10/09/14 02:59 AM (9 years, 4 months ago) |
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Quote:
LunarEclipse said:
Quote:
thescientist said: Dollar cost averaging (DCA) works with silver.
Try it.
So you think buying more at $16.86/oz "is about the worst plan ever."
????
The great part about the internet is that everyone can be a millionaire, and always buy the low and sell the high.
The other great part is that what is written can not be unwritten.
Such as it is.
Is the bottom in for silver?
Probably not.
But maybe.
I think your idea of selling winners quickly in a pyramid on the way up, and adding to losers in a pyramid on the way down are both losers. Particularly the doubling up on the way down.
Had you used the term dollar cost averaging with silver, then I would have reacted differently. But you didn't. You should try not changing your story.
And where did I say buying at $16.86 was a bad plan?
oh Lunar, I didnt change my story at all, I merely had to spell it out for you. Buying in a pyramid is a way to DCA and reduce risk.
It is a good way to reduce cost and ensure you actually see some gains once they are made. Yay!
Tried, tested, and true.
Silver is at $17.53.
Is the bottom in?
Probably not.
What is the time frame anyhow?
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20678289 - 10/09/14 03:51 AM (9 years, 4 months ago) |
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Quote:
thescientist said:
Quote:
LunarEclipse said:
Quote:
thescientist said: Dollar cost averaging (DCA) works with silver.
Try it.
So you think buying more at $16.86/oz "is about the worst plan ever."
????
The great part about the internet is that everyone can be a millionaire, and always buy the low and sell the high.
The other great part is that what is written can not be unwritten.
Such as it is.
Is the bottom in for silver?
Probably not.
But maybe.
I think your idea of selling winners quickly in a pyramid on the way up, and adding to losers in a pyramid on the way down are both losers. Particularly the doubling up on the way down.
Had you used the term dollar cost averaging with silver, then I would have reacted differently. But you didn't. You should try not changing your story.
And where did I say buying at $16.86 was a bad plan?
oh Lunar, I didnt change my story at all, I merely had to spell it out for you. Buying in a pyramid is a way to DCA and reduce risk.
It is a good way to reduce cost and ensure you actually see some gains once they are made. Yay!
Tried, tested, and true.
Silver is at $17.53.
Is the bottom in?
Probably not.
What is the time frame anyhow?
Bullshit. You changed your story completely. From pyramids going up and down to dollar cost averaging.
Tell you what. Start your own silver thread, or any other thread, but quit jacking mine up with your bullshit.
-------------------- Anxiety is what you make it.
Edited by LunarEclipse (10/09/14 03:59 AM)
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thescientist
Registered: 03/09/02
Posts: 807
Loc: Dade County
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Re: Bottom Finally In For Silver? [Re: LunarEclipse]
#20682226 - 10/09/14 11:03 PM (9 years, 4 months ago) |
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Woops
Silver down again at 17.22.
Will we see a sell off in the Friday AM?
Is the bottom in?
Probably not, but who knows?
What are the support levels?
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arago
Mr. Wind Up Bird



Registered: 02/07/06
Posts: 828
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Re: Bottom Finally In For Silver? [Re: thescientist]
#20708140 - 10/15/14 08:04 PM (9 years, 4 months ago) |
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I read all 5 pages and want to invest in silver. Didn't understand much, 'cause I'm an English major ["you want fries with that?].
Is it better to pay off my mortgage or buy some silver American Eagles?
I'm old as dirt and plan to quit working this year.
Finally making decent money though.
Shroomery, yeah.
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