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Is there EVER a "right" time to sell your gold/silver if........

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  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Does "the system" make their decisions for them?

    PS: jmski52, FWIW, I think Hayek made some good points, too image

    Liberty: Parent of Science & Industry

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Our people deserve a much better system. Did the people in Zimbabwe get "what they deserved" as their system imploded?

    Being able to negotiate around a rigged system should not be a required skill to succeed. If that skill were so necessary then why isn't
    it taught from grades 1-16 so that all people can game the markets? Rather, they teach the sheeple the skills to remain as sheep. Yes, in
    some ways the system makes their choices for them, just like artificially depressed interest rates via $200 TRILL in otc interest rate swaps
    has lead to massive malinvesting across the entire spectrum, affecting nearly all people.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Some thinkers contend that everyone is directly or indirectly responsible for everything that happens to them throughout their lives, including being in the wrong place at the wrong time

    And there's poor Zimbabwe again! Seriously! What's the next comparison for America, are we going to draw parallels with Haiti?

    Liberty: Parent of Science & Industry

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    You don't have to pick poor Zimbabwe, there are dozens of other examples of the past few decades where markets were rigged against its own people.
    That's called capitalism....lol. Just call it what it really is.....Rigonomics. J6P shouldn't be forced to gamble in stocks and bonds in order to
    hope he can retire some day. In the old days (before inflation) your 5% in "retirement" payments went into an account under your control
    earning interest that didn't lose money to inflation. The option of compounded interest 5% beyond inflation in a very safe investment is long gone.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • BigEBigE Posts: 6,949 ✭✭✭


    << <i>

    << <i>Fact 1 ..The U.S. Dollar has less than 4 cents buying power compared to 100 years ago.

    Good thing we're spending dollars earned this year, not ones earned 100 years ago when $6 a day was a good wage. And good thing that many dollars earned over the past decades have been invested in assets that, over time, outpace inflation (in some cases, by a wide margin)

    I really love these 100 years ago lines of reasoning... like things were so much better then?

    there are 13 more "facts" to debate, but I'm really running late... looking forward to catching up tonight. Fun! >>




    Well.. these were not really open for debate , since these are facts , but if you feel the need to look like a fool , go right ahead
    and debate away .

    Ohh, and the rason we have to make a couple hundred dollars a day now instead of $ 6 is because, guess what , the U.S. dollar has less
    buying power than it did 100 years ago. BAM ! Sounds like the dollar is getting weaker to me .


    Chill out Lewis, these are smart people. Remember without the posts of others yours would not be here. Take care------BigE
    I'm glad I am a Tree
  • BigEBigE Posts: 6,949 ✭✭✭
    Oh, and my 2 cents..........


    I find it difficult to enjoy life with a negative outlook, as a matter of fact if I let it dominate my life I find it hard to function on a normal level. Maybe that is one of the few reasons that money continues to flow into the stock market, there must be some optimists still out thereimage


    Is there ever a right time to sell? Yes, if you want to take a nice vacation or buy something for yourself and do it because its free courtesy of making the right decision to buy PM's in the first placeimage

    -------BigE
    I'm glad I am a Tree
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Big E, I am guessing that you are at least 15 years out from retirement, probably about 20 years out in my estimation. How's my guess?

    If I'm all wet, then so are some of my assumptions about attitudes.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • It's always the right time if you sell it for market price.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I'm with BigE and others who say, "sell some gold when you think of something better to do with the money"

    it could be a different investment asset, it could be a home improvement, it could be a vacation with your wife, it could bring a smile to a child's face.

    It could be food for the table and this week's rent. it could be anything! If those are all covered, and you like having gold pieces, don't sell them!

    edited to add: in my mid-40's, I'm 25+ years from stopping working for a company of some kind, probably will never "retire" from working entirely.

    jmski, is your thesis that, generally, younger people are more optimistic, and older people are more pessimistic?

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I'm with BigE and others who say, "sell some gold when you think of something better to do with the money"

    it could be a different investment asset, it could be a home improvement, it could be a vacation with your wife, it could bring a smile to a child's face.

    It could be food for the table and this week's rent. it could be anything! If those are all covered, and you like having gold pieces, don't sell them!


    Agree, 100%

    edited to add: in my mid-40's, I'm 25+ years from stopping working for a company of some kind, probably will never "retire" from working entirely.

    jmski, is your thesis that, generally, younger people are more optimistic, and older people are more pessimistic?


    I am 60 and have been a one-man company for 20 years. My question was for BigE, but your attitudes are not too far from his.

    My thesis is that younger people are more optimistic, and older people are more realistic. Again, a subtle difference.image

    To be clear, I view the USA as the most beneficent nation the world has ever seen, the most maligned, the biggest hope, and consequently I have been one of the most fortunate people to ever walk the earth.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • ksammutksammut Posts: 1,074 ✭✭✭


    << <i>I believe we will all die before the United States Dollar does. S0 will our children, and their children, and so will their children too.

    So if that's what you're waiting for to sell any, I predict your hiers will sell your gold, perhaps to a different Midas, and the cycle will repeat

    Now, I'm not saying the dollar will not change in value, relative to an ounce of gold or a week of skilled labor or a barrel of oil or a course of of medicine;
    those values will undoubtably fluctuate and/or trend.

    But business in America will take place denominated in US Dollars as long as people live in North America

    "Bank on it!"

    image >>



    I would have written the same thing 3 or 4 years ago. Not anymore. If we continue to live on borrowed money and do not do anything to fix our entitlement programs, we will end up bankrupt. Our politicians do not have the nerve to do what is necessary. Too many Americans are not smart enough or willing to see the reality of the situation. There is simply not enough money to pay for all the promises made. There will not be enough tax money collected to fulfill the promises.

    If our economic collapse does not collapse the rest of the world's economies, we will give up control on what the reserve currency will be.
    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.

  • calleochocalleocho Posts: 1,569 ✭✭
    Gold could be debatable as a long term investment ...but as insurance it sure its hard to beat.

    I think the USA with its superior military might which include control of the worlds oceans and a ten fold technological advantage over any other army in the world.

    Our colleges, and infrastructure are adequate enough, and our demographics are quite nice when compared to the likes of Russia and Japan.

    Europe is a mess and will some have hard dealing with the non integration of millions of Muslims immigrants.

    Forget Latin America and the middle east ...

    we are basically left with China ...they are not ready ..yet.

    So basically the US ( and the dollar) will survive as long as the world doesn't have another choice.

    I am fairly optimistic...but just in case i am wrong ...I have a nice stack of gold.

    I also have car insurance, property insurance, medical insurance and life insurance. ...you know ...just in case









    "Women should be obscene and not heard. "
    Groucho Marx
  • BigEBigE Posts: 6,949 ✭✭✭
    jmski52, I just turned 52, retired for now-----------BigE image
    I'm glad I am a Tree
  • gecko109gecko109 Posts: 8,231
    Im 35, and as pessimistic as it gets in regards to this nation's current monetary system. I agree with other posters that too much has been promised, and that the tax base cannot support all those obligations.....hence multi year defecit spending. What happens when China and Japan stop lending? You are witnessing it right now. The FED starts to "lend". But wait....how can the FED lend anything when it really produces nothing? The FED's only assets are the little green strips of paper that its allowed to print and treasuries that the government prints. I wonder how long I could be prosperous if I was allowed to print my own money? Probably for as long as others let me get away with such a scam im guessing. image


    How is it that ALL of you dont see the ponzi scheme going on here?
  • ksammutksammut Posts: 1,074 ✭✭✭
    What happens when China and Japan stop lending? >>



    Instead of Japan purchasing any more US debt, you will probably see them selling a lot of their US Treasuries to fund the cost of cleanup. This may force US treasuries interest rates higher and force even more debt monetization by the FED.
    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.

  • MesquiteMesquite Posts: 4,075 ✭✭✭
    Interesting diversity of opinions presented here.



    << <i>How is it that ALL of you dont see the ponzi scheme going on here? >>



    Gecko, I think that most do see the ponzi scheme - where the diversity of opinions lies is in how to respond to it. Some go all in for PM, some wade in to their waist, some just dip a toe - depends on your level of comfort. No doubt some recall the words of their investments brokers that the worst mistake you can make in investing is to conclude "this time it's different". I think very few (at least here on the boards) truly fail to recognize the monetary predicament we are in. And, I think it has been different for nearly two decades. The (late) 90's were unreal, the past decade has also been unreal. In both decades (and even now) investing have been (is) punctuated with fraud, deceit and politics (am I being redundant here?).
    There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.
    –John Adams, 1826
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>How is it that ALL of you dont see the ponzi scheme going on here? >>


    Most see it, few choose to look at it.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • 57loaded57loaded Posts: 4,967 ✭✭✭
    just sell BEFORE everyone else is, or you will wind up with a very nice tulip garden.
    i think this time will be tied to the USD losing it's world reserve currency status to either China or the Euro. i hope it is not some natural or man-made disaster that causes this, too.

    keep an eagle eye after 2018

    sorry gecko i can't back this up with any one newsletter or article or one author who has been spot on, just my gut regurgitating the PM forum

  • This is a historic prospective for GBP vs USD. I think the USD is in a situation similar to the GBP in the 1900. It will not suddenly crush, but rather in a long term bear market. I will sell my PM and convert to a foreign currency/basket of currencies/asset in other currency when I see PM is overpriced.

    image
    BST reference: wondercoin, cone10, fivecents, jmdm1194, goldman86
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    Instead of Japan purchasing any more US debt, you will probably see them selling a lot of their US Treasuries to fund the cost of cleanup. This may force US treasuries interest rates higher and force even more debt monetization by the FED.

    image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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