Will Hold To My Word
KUCH
Posts: 1,186
Last week, I stated here on the forum that when silver hit $18.00, I would increase my position, well going out today to puchase silver and up my (GTS) Gold to Silver ratio. I hope there is some left at the B&M.
I'm not one bit worried about paying todays prices cause I'm buying for hedge, long term, and not for the flip or quick profit.
I'm not one bit worried about paying todays prices cause I'm buying for hedge, long term, and not for the flip or quick profit.
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Comments
Better Idea - Exchange your Gold for Silver.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>IMHO, you should have been buying all along.
Agree. Too many people don't want to buy PM's when they are cheap but decide to buy after a major price increase. Not the most efficient investment strategy.
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
<< <i>
<< <i>IMHO, you should have been buying all along.
Agree. Too many people don't want to buy PM's when they are cheap but decide to buy after a major price increase. Not the most efficient investment strategy.
I know, I know. Sometimes it's hard to pull the trigger. Some here suggested that $18 silver would truly signal a strong run up. I was heading their advice. Went to local B&M at lunch, bought 2 ea 10 oz. Engelhart and 2 ea 1 ozers.
I've really been buying all along, Maple Leaf 2 weeks ago, 10 oz silver 3 weeks ago, etc etc.
Question - friend is asking if he should take his cash emergency fund and buy PM's? ($8,000 I think) I hesitate what to advise him. Opinions?
<< <i>
<< <i>
<< <i>IMHO, you should have been buying all along.
Agree. Too many people don't want to buy PM's when they are cheap but decide to buy after a major price increase. Not the most efficient investment strategy.
I know, I know. Sometimes it's hard to pull the trigger. Some here suggested that $18 silver would truly signal a strong run up. I was heading their advice. Went to local B&M at lunch, bought 2 ea 10 oz. Engelhart and 2 ea 1 ozers.
I've really been buying all along, Maple Leaf 2 weeks ago, 10 oz silver 3 weeks ago, etc etc.
Question - friend is asking if he should take his cash emergency fund and buy PM's? ($8,000 I think) I hesitate what to advise him. Opinions? >>
I would not advise your friend to buy precious metals right now Gold and Silver have run quite a bit this year, November is historically a strong month for precious metals but maybe there will be a pullback late Decemeber/ January. If he wants to hold long term especially Silver then he could probably take the plunge.
<< <i>Appreciate the reply. Yep, I hate to advise people, not my profession. Sometimes silence is golden. >>
Depends on his time horizon.
If he's looking at 6 months down the road, then I wouldn't advise PM's.
But if he's looking at longer than 2 years, then personally, I'd advise even my own Mother to buy PM's.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
As I type silver is at $18.22. Still low IMHO. Buy now and plan to hold for a bit.
$22 silver is not that far off.
"Ask, and it shall be given you; seek, and ye shall find; knock, and it shall be opened unto you." -Luke 11:9
"Hear, O Israel: The LORD our God is one LORD: And thou shalt love the LORD thy God with all thine heart, and with all thy soul, and with all thy might." -Deut. 6:4-5
"For the LORD is our judge, the LORD is our lawgiver, the LORD is our king; He will save us." -Isaiah 33:22
<< <i>Question - friend is asking if he should take his cash emergency fund and buy PM's? ($8,000 I think) I hesitate what to advise him. Opinions? >>
Dave Ramsey says, "NO!"
Too many positive BST transactions with too many members to list.