Its becoming very clear that we have 2 distinct groups here....POLL!

gecko109 · February 27, 2011 6:36AM

There are, it seems 2 very distinct and seperate types of bullion enthusiasts here in this forum. Camp #1 is what I'd like to call the "speculator/investor" group. They buy on the dips and sell on the run ups and try to make a few bucks on the volatility of metals. Their number 1 (and perhaps sole) goal is to make a profit....either short or medium term. They have little to no interest in long term holdings of the metal.

Camp #2 is what I'd like to describe as the "insurance stack" group. These guys buy metals as discretionary income allows, and only rarely sell metals (usually to fund other metal purchases) on occasion. The main goals of this group is to grow a stockpile of tangible assets to have for when the dollar falls from favor. Most in this camp could really care less about the daily or weekly swings of the metals markets other than as a form of entertainment or perhaps a buying opportunity. This group does not contemplate what the value of the metal will be in a year as they purchase it today....only that the metal will be there in the time of extreme monetary stress such as the collapse of the dollar.

Which camp are YOU in?

Im a camp #2 guy.

BBN · February 27, 2011 6:40AM

I go into #2. I don't expect anything catastrophic and don't buy into the whole SHTF hypothesis. I do, however, believe it's a good thing to diversify one's investments to have all bases covered for the later years in life. I like many baskets. Metals, cash, and stocks.

Justacommeman · February 27, 2011 6:49AM

I voted camp 2 but truth be told I lay smoewhere in the middle. I will sell silver one day. I hold this a spectulative metal. Gold I hold solely as wealth insurance and can not ever see selling it unless forced to. MJ

OnlyGoldIsMoney · February 27, 2011 7:18AM

I voted camp #2 but with reservations. Since Feb 2009 current income that would have been formerly used for common stocks or banks CDs has instead purchased metals. None of my physical (I view it as insurance) is for sale. Volatility is not a concern.

Simultaneoulsy I buy and sell the SLV ETF to bolster my pension. I may buy and sell multiple times any given week.

jmski52 · February 27, 2011 7:19AM

I made a nice profit on the silver I sold recently, but that wasn't my objective in selling and it's not any indication of whether I'll make a profit the next time I sell.

I don't feel it's necessary to make a profit on precious metals, although I have every intention of doing so.

I don't consider precious metals necessarily to be insurance. I truly consider the metals to be real money - because they actually are real money. Conversely, I don't think that the currency we use is much of an excuse for real money. It used to be, but it's not now.

As long as I have income and until I think of something better, my savings will eventually find its way back into pms or coins.

Seriously, does anyone have any better ideas right now?

Baley · February 27, 2011 7:23AM

there are more than 2 camps, I'm in the 5th camp, coin collector with a side interest in bullion, trading around a core position

derryb · February 27, 2011 7:53AM

#3 - both

AgBlox · February 27, 2011 7:55AM

I'm a collector but I fit into #1 and #2 as well.

DNADave · February 27, 2011 7:57AM

camp 1, but converting pretty quickly to camp 2.

DNADave · February 27, 2011 7:58AM

<< 
Seriously, does anyone have any better ideas right now?

>>

I'd sell every single coin I own, PM's and all for the right piece of land.
I want 50 to 100 acres in rural WV with a few bottom acres, a stream, and some timber.

OPA · February 27, 2011 8:02AM

Absolutely #1 & I dismiss all the bs conspiracy nonsense along with crystal gazing fortune tellers. Common sense will prevail. "Live long and prosper & never look a gift horse in the mouth."

RedTiger · February 27, 2011 8:21AM

<< #3 - both >>

Me too. Both. Physical for long term stacking, ETFs (GLD, GDX) and options on them for short term trading.

pitboss · February 27, 2011 9:06AM

I vote for #1 but #3 would be my choice.

I have been buying and selling for the past 6 months but am concentrating on buying right now.

Moxie · February 27, 2011 9:34AM

Definately #2 for me.

I'm buy physical PMs along with PM and mining stocks, strictly for "insurance". I'm of the mind that value of gold does not really increase nor decrease in value, rather it reflects the weakening or strengthening of the pertinent currency. So, I'm buying now to maintain some resemblence of wealth, just incase.

Justacommeman · February 27, 2011 10:34AM

<< 

<< 
Seriously, does anyone have any better ideas right now?

>>

I'd sell every single coin I own, PM's and all for the right piece of land.
I want 50 to 100 acres in rural WV with a few bottom acres, a stream, and some timber. >>

Sounds like a wonderful plan Dave. Best wishes to you on achieving your dream. Give me directions when you do as I would love to visit. MJ

AUandAG · February 27, 2011 10:59AM

Camp #1 for me. Got tired of camp #2 and crossed the line about a year ago.
Glad I did.

bob

yellowkid · February 27, 2011 12:46PM

I checked two but I'm probably more like MJ, somewhere in the middle. I don't buy silver at all. I have pretty much made my PM allotment, it is mostly gold funds with some tangible metal. I think the only way I would sell my gold funds would be to buy the metal itself

PS I'm retired and don't worry about the "long haul" much anymore.

DoubleEagle59 · February 27, 2011 1:21PM

I voted #2.

Actually I'm 20% #1 and 80% #2.

HalfStrike · February 27, 2011 4:24PM

I felt sorry for camp 1 so voted with them.

Konahead · February 27, 2011 4:51PM

Count me as a 2

percyb · February 27, 2011 5:09PM

2. Have never sold a coin. Can't see selling at all and will use silver as barter when paper money become obsolete.

gsa1fan · February 27, 2011 8:22PM

I use my PM stack as a savings account. I will move some Au to play market on Ag.

My home, stocks, & coins are my investments.

2ndCharter · February 27, 2011 9:50PM

Absolutely #2 - it's strictly an insurance policy for me. I wouldn't mind if the price of PMs totally collapsed because it would mean the government was getting their fiscal act together and all of my other investments (including pension) would be safe. (ain't going to happen but it's nice to dream).

DrBuster · February 27, 2011 10:48PM

#2, haven't sold anything yet, don't plan on it unless circumstances dictate it.

dpoole · February 28, 2011 12:35AM

#2.

While I think we are due for significant and very painful readjustments, I figure the country will eventually rise from its ashes better off once we face the music.

I do think that paper money is a bad place to be now, though, and that PMs are one of the few ways left to preserve wealth. I'm also looking into farm land.

keepdachange · February 28, 2011 1:38AM

numero dos

SportsModerator · February 28, 2011 1:57AM

<< #2.

I'm also looking into farm land. >>

David

Somehow I'm having great difficulty imagining a sophisticated, dazzling urbanite like yourself embracing a rural existence as you round up the pigs and muck out the chicken coop.

gsa1fan · February 28, 2011 2:00AM

<< 

<< #2.

I'm also looking into farm land. >>

David

Somehow I'm having great difficulty imagining a sophisticated, dazzling urbanite like yourself embracing a rural existence as you round up the pigs and muck out the chicken coop. >>

Come on joins in the "fun" of farm life!

fivecents · February 28, 2011 2:40AM

<< Somehow I'm having great difficulty imagining a sophisticated, dazzling urbanite like yourself embracing a rural existence as you round up the pigs and muck out the chicken coop. >>

SM...ever watch a show called Green Acres.

OPA · February 28, 2011 4:59AM

Interesting stats... However, I suspect that 90%+ of the # 2's have been eliminated from this thread.

PM price guessing

SportsModerator · February 28, 2011 5:29AM

<< 

<< Somehow I'm having great difficulty imagining a sophisticated, dazzling urbanite like yourself embracing a rural existence as you round up the pigs and muck out the chicken coop. >>

SM...ever watch a show called Green Acres.

>>

Indeed! and I too, could fit into that scenario...................but only as a "Mr. Haney" with all his deals, trades, and opportunities just too good to miss

57loaded · February 28, 2011 9:38AM

<< numero dos >>

i was just going to type this, myself

Frankiefanatic · February 28, 2011 11:05AM

There should be a 3rd option on this poll

I'd venture to gues that many would be fence splitters

I'm one of those that split the fence

hold enough to see where it will rise and dump when I want smoething special..

Geotovore · February 28, 2011 7:05PM

<< Me too. Both. Physical for long term stacking, ETFs (GLD, GDX) and options on them for short term trading. >>

I haven't used SLV or GLD, but I've been gradually putting money into stocks like PAL and AUY with the hope of setting that money aside for eventually purchasing their precious metals counterparts. Instead of buying a 1/10 oz eagle I'll put that money into gold stock until I can purchase an ounce. It's been working so far, except I don't want to cash out my PAL to purchase palladium. lol

dpoole · February 28, 2011 10:48PM

<< 

<< #2.

I'm also looking into farm land. >>

David

Somehow I'm having great difficulty imagining a sophisticated, dazzling urbanite like yourself embracing a rural existence as you round up the pigs and muck out the chicken coop. >>

I had smoething in mind like sitting on a veranda sipping spiked mint juleps, feeling the cool evening breeze waft through my white mane, listening to all the guys who didn't buy silver playing the banjo after a hard but noble day's work rounding up my pigs and chickens and herding my exotic free-range caribou.

Justacommeman · March 1, 2011 2:03AM

David, sign me up as a ranch hand. I'm in................MJ

PinkFloyd · March 1, 2011 3:57AM

#3 here.....

Its becoming very clear that we have 2 distinct groups here....POLL!

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