Gold & Silver It is time to Buy, Sell, Hold,

Planchet

Ok, looking for opinions. For Gold, do you think it is time to Buy, Sell or Hold and do nothing? Explain your reasoning please. The same question for Silver.

gsa1fan

Buy at current spot levels. Sell only if you make a profit. Hold as a store of wealth.

Planchet

<< <i>Buy at current spot levels. Sell only if you make a profit. Hold as a store of wealth. >>



gsa1fan, why do you think it is time to buy? Gold, silver or both?

gsa1fan

Prices are good at spot buys. They have been flat for a good while. Gold has been holding up to high dollar. Every thing else uncertain. Physical gold in hand will always be worth $$.

Silver, has a huge up side once it takes off. The "when" is the ?

percyb

Buy... Buy dips.

OPA

For long term investments ( 2 or 3 years down the road )............. buy (especially Palladium)
Short term .................. hold
Sell.............................. only if you need the $$$ or have a profit ( Most of our Gurus expect further declines in all PM's)

jmski52

Use pms like you would have used a savings account a mere 30 years ago. Accumulate most of the time, and sell when you need some capital.

jmski52

Gold & Silver It is time to Buy, Sell, Hold,

I sold some gold Maples this weekend in order to finance a coin, so you can see now what gold has done in response!

It figures.

barefootjuan

buy yesterday, sell today

timcoin

Buy, Buy, Buy! Might want to look at buying some land first though.

AnkurJ

Land is too pricey for us small timers. I bought 30oz's of silver well under spot recently. For deals like that I say buy!

Planchet

<< <i>Land is too pricey for us small timers. I bought 30oz's of silver well under spot recently. For deals like that I say buy! >>



AnkurJ

How do you buy silver for under spot?

fc

sell. i have a feeling silver spot will be 12 bucks again.
gold will hold up better percentage wise so that is up to you.

Weiss

<< <i>Use pms like you would have used a savings account a mere 30 years ago. Accumulate most of the time, and sell when you need some capital. >>



You know that's the first time I've seen it put that way. Simple and logical. I like it.

AnkurJ

<< <i>

<< <i>Land is too pricey for us small timers. I bought 30oz's of silver well under spot recently. For deals like that I say buy! >>



AnkurJ

How do you buy silver for under spot? >>



Luck on ebay, and Bing cash back. Saw a Buy it now for 30oz's for $490. With 10% instant cash back, and a special day where ebay bucks were 5%, the total I paid was $418.95. Melt was around $465 or so.

cone10

<< <i>sell. i have a feeling silver spot will be 12 bucks again.
gold will hold up better percentage wise so that is up to you. >>



I hope you're right fc, my wife is a silversmith and I would love the chance to buy a boat load at 12.00.

RedTiger

For the average person, moving in or out at a slow and steady pace, and getting an average price is almost always the best way to go. Those that try to time the markets usually fail, often spectacularly. So the answer depends on a person's financial situation, age, and other assets.

The cliche I like to use, it that it is always a good time to buy gold for the right reasons. On the other hand, if someone thinks they can time every up, down and wiggle, good luck to them. Most that try that don't do very well. Some that buy heavily on dips may find themselves to be the biggest bag holders when a -5% dip turns into -10% correction, and then a -30% or -50% long term bear market. Buying dips is a great strategy if the long term trend continues up. It was a great strategy during the past ten years.

However, keep the perspective that gold has had ten consecutive up years, and has quadrupled in price from the lows. If it were any other market, any other asset class, would an objective person still be bullish? If newbies are crowding in now, it may well be an intermediate term top. I can't say nay or yea on that question, but it is newbie crowd behavior. Perhaps gold has another ten straight up years ahead of it, but perhaps not, a lot of future expectations are built into current pricing. All the news that is out there, all the news that gets posted on the forum, all of that is mostly factored into the current price.

Whatever the case, newbies pile into almost every market top, that is what creates the top. Bubble tops especially bring in a lot of newbie money. This forum can be a useful gauge of novice excitement, and sentiment levels. Right now, my read is that the forum seems more cautious than super "to-the-moon" bullish, so at a minimum this isn't likely to be any kind of bubble top. That said, what I said about predicting every up, down and wiggle applies--no one really knows.

Justacommeman

I agree with RT. Buy incrementally until your desired position size is met and you won't sweat it.

Gold for store of value and silver for speculation imho. MJ