1050.40 overnight
Weiss
Posts: 9,941 ✭✭✭✭✭
That's a sobering figure to see in real life.
I can't deny I've got very mixed feelings about Au running well (and possibly well, well) north of $1k.
I know I'm not alone in feeling somewhat proud of myself for seeing the signs and protecting myself from "whatever" we fear with metals as an insurance policy.
But nobody (well, almost nobody) buys house insurance hoping their home goes up in flames. Nobody buys car insurance and gets excited by a high speed collision.
I hope our leaders have the strength and wisdom to get us back on track soon.
I can't deny I've got very mixed feelings about Au running well (and possibly well, well) north of $1k.
I know I'm not alone in feeling somewhat proud of myself for seeing the signs and protecting myself from "whatever" we fear with metals as an insurance policy.
But nobody (well, almost nobody) buys house insurance hoping their home goes up in flames. Nobody buys car insurance and gets excited by a high speed collision.
I hope our leaders have the strength and wisdom to get us back on track soon.
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
0
Comments
a momentum play. as folks see it go up they want some action also.
what i am more curious about is that the people who bought gold
for an investment.. when do they plan to start selling???
Eventually gold will peak and I am curious who sells at the top! time
will tell so it will be fun to watch.
i wonder if the same thing will take place as it did a few decades ago.
Everyone will say go is going to the moon, it makes a heck of a run,
then drops back down to saner levels never reaching that peak again
for years. Most without a goal just keep on holding as it slides back
down.
what is that peak though, what is a person's goal, is the question
in my mind.
WHEN TO SELL IS THE KEY!!!!
me i just like to ride lol!!
R95
You trade your gold into dollars when you decide that the dollars have a better future value potential.
Anyone think thats now?
<< <i>The timing to sell is easy.
You trade your gold into dollars when you decide that the dollars have a better future value potential.
Anyone think thats now? >>
Yup. Dollars pays the mortgage, owning gold just make the wife grumpy about the bank account being empty...
for an investment.. when do they plan to start selling???
My core position won't start being let go until it's well over $2,000. Watch what the metals do from November to April, that will be exciting and mind-numbing to the fiat bugs.
Eventually gold will peak and I am curious who sells at the top! time will tell so it will be fun to watch.
Better pull out a chair, grab a few kegs and relax, because it's a few years away.
roadrunner
anyone else have any input here ????
Free Trial
just a check every three year recheck
anyone else ??
PMs. My choice for dirt is timbered land; if the price of lumber is down, let it grow 5 or 10 more years. Second choice for dirt is undeveloped lake or river front.
now i'm upset i should have sold at 600.00 ON GOLD AND 8.00 AT SILVER
i think i'll wait a little more HUH!!
<< <i>crop land i should say no fuss no muss !!!
just a check every three year recheck
anyone else ?? >>
Don't you have to pay real estate taxes on property?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Well said.
"i have thought about i'll i'll buy dirt when i sell"
That's what I'm doing with mine. It would be great to turn a few years of casual accumulation into a flip for a few acres of dirt in a quiet little spot away from the city.
I'm not selling everything at once, at one price. It's more like moving up a ladder. Take some profit and put it into something else, another PM such as Pall or a different currency than dollars. What remains after the profit can go right back into gold or silver. There's nothing like playing with "the house money".
What did they call it during the internet bubble, a new something or other. Eventually that one burst and a lot of people were hurt, really hurt.
In PMs this has yet to reach bubble status, so there's plenty of time to play.
I'll stay in the game, but not to try to time the top. There's nothing wrong with taking a profit to make more profit.
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
Loves me some shiny!
(Just think of city streets clogged with a hundred thousand horses each generating 15 lbs of manure every day...)
http://www.freep.com/article/20091008/NEWS05/910080464/1001/NEWS/Cobo-a-scene-of-desperation