HSBC Gold Porn
cjmezz
Posts: 467
"When someone tells you nothing is impossible, ask them to dribble a football"
MANY positive BST Transactions
MANY positive BST Transactions
0
Comments
wow, just wow.
I know GLD has performed well and is pretty safe, but London's a long way away to go knocking on the vault doors wanting my physical gold if/when a global meltdown/armaggedon should happen.
Too many positive BST transactions with too many members to list.
<< <i>wow, just wow.
I know GLD has performed well and is pretty safe, but London's a long way away to go knocking on the vault doors wanting my physical gold if/when a global meltdown/armaggedon should happen. >>
Even if you owned 1,000,000 shares of GLD, you do not own even a single ounce of actual gold. In other words, for investors of ETFs like GLD....if/when a global meltdown occurs, there is no vault door to knock on. Just the hope that your shares will be redeemed in such an event.
I'll stick to physical.
I'll stick to physical
How people can not see that there is less risk in actually holding the physical amazes me. Physical can't be manipulated (well, it can, but you know what I mean), shares can and do get manipulated every trade and if you think that is not so, you should do yourself a favor and educate yourself on the matter.
"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
<< <i>We little guys don't buy paper PMs to be redeemed for the real McCoy. We buy physical with dollars. The paper metals are our way of quick ins and outs in playing volatility, something you can't really do with physical. A smart metals investor will get his share of the dollars being made with paper and convert those dollars to physical. >>
No offense intended Derry.....but if you can time the market so well that you consistantly make paper profits in the metals game, then shouldnt you be able to make millions relatively quickly? In-out-in-out.....short-long-short-long.
Since a stacker is usually on the buy side most of the time.....and does not profit repeatedly with the same investing dollar....he is basically in a high interest bearing, long term CD with metals.
But an active trader....who is actually good at calling tops, bottoms, dips, and runs.....should be able to very quickly accumulate a lot of profit.
If it really were that easy though to make the right call most of the time, then wouldnt most metalbugs be multi millionaires by now?
Are you a multi millionaire yet?
MANY positive BST Transactions
<< <i>
<< <i>We little guys don't buy paper PMs to be redeemed for the real McCoy. We buy physical with dollars. The paper metals are our way of quick ins and outs in playing volatility, something you can't really do with physical. A smart metals investor will get his share of the dollars being made with paper and convert those dollars to physical. >>
No offense intended Derry.....but if you can time the market so well that you consistantly make paper profits in the metals game, then shouldnt you be able to make millions relatively quickly? In-out-in-out.....short-long-short-long.
Since a stacker is usually on the buy side most of the time.....and does not profit repeatedly with the same investing dollar....he is basically in a high interest bearing, long term CD with metals.
But an active trader....who is actually good at calling tops, bottoms, dips, and runs.....should be able to very quickly accumulate a lot of profit.
If it really were that easy though to make the right call most of the time, then wouldnt most metalbugs be multi millionaires by now?
Are you a multi millionaire yet? >>
None taken. There is a big dollar difference in being a successful saver (buy and hold) and a successful investor (buy and sell). I have profited quite well from paper metals, primarily in my IRAs where I don't have a sensible option for physical. My net worth is a private matter. I can assure you it has increased dramatically since learning how to profit with paper metal. My paper plays are usually leveraged 2:1, both up and down, something I can't do with physical. My leveraged profits in my non-IRA account are used to purchase 1:1 physical. So, while I build retirement savings with paper metal in my IRAs, I am building cash for physical with leveraged paper in my non-IRA. I can turn paper metal to cash in seconds with the push of a few buttons, something that can not be done with physical. I rarely correctly call the tops and bottoms, but being near them is quite profitable.
A serious believer in the validity of PMs should not limit himself to only the slow process of stacking. Stacking can be greatly enhanced by profiting from the quick ins and outs of paper. Because of the time and expense to sell physical, stackers are fairly restrained to a buy and hold position that does not offer a chance to profit from volatility.
It's really not that hard to determine short term metal direction if you pay attention to everything that affects it. Profitiing with paper is not about calling tops and bottoms its about recognizing changes in short term trend.
Edited to add:
I got into PMs with $10K. Had I limited myself to buy and hold with additional purchases only as income allowed I estimate I would be at only 5% of where I am today. I believe the secret to real success in PMs is to continually turn profit with both collector gold and paper volatility plays. 2008 W was an exceptionally good year in collector gold.
"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