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sell gold or hang on

buffalohunterbuffalohunter Posts: 364
in Precious Metals
will you hold on to your gold or sell it ? at what spot price ...

Comments

  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    I'm going to worry about this in 20 years... image

    I don't think the long-term trend is Dollar-positive...
  • CaptHenwayCaptHenway Posts: 32,251 ✭✭✭✭✭
    HOLD!!!!!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    I'll sell my gold when I need to sell it. And when I need to sell it, it won't matter what the spot price is.
    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
  • derrybderryb Posts: 36,953 ✭✭✭✭✭
    It depends. Why did you buy it?

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • PerryHallPerryHall Posts: 46,240 ✭✭✭✭✭
    Gold is like an insurance policy. I'll sell it only if there is a dire emergency and I really need the money.

    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

  • jmski52jmski52 Posts: 22,906 ✭✭✭✭✭
    I'll sell my gold when I need to sell it. And when I need to sell it, it won't matter what the spot price is.

    I agree. The only differences between gold and a bank savings account is that gold is real money and a bank savings account is your the bank's benefit, not yours.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    "It depends. Why did you buy it?"

    Excellent clarity of thought!
  • KUCHKUCH Posts: 1,186
    HOLD! I've got my sell price and believe it will be reached. Never thought PM's would explode in 2010, but after yesterday's VOTE, I believe it helps to ensure my prediction.

  • ttownttown Posts: 4,472 ✭✭✭
    If you have to ask this question you shouldn't be buying IMO. Are things better or worse the last 10 years?
  • ocon4008ocon4008 Posts: 1,703
    I am holding mine and all my silver as well.image
  • buffalohunterbuffalohunter Posts: 364
    i bought some hoping it goes up. but its went down
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Luke, follow the force.
  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭
    I bought the majority of my holdings at the $500-$550 mark. If it drops under 1k, I will probably sell a small portion.
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • derrybderryb Posts: 36,953 ✭✭✭✭✭
    Look for gold to trade sideways until mid-summer.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • ksammutksammut Posts: 1,076 ✭✭✭
    I keep adding more silver and gold each week and will continue to do so.
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

    Instagram - numismatistkenny

    My Numismatics with Kenny Blog Page Best viewed on a laptop or monitor.

    ANA Life Member & Volunteer District Representative

    2019 ANA Young Numismatist of the Year

    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • OverratedOverrated Posts: 454 ✭✭
    Buy! and hold.
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