Timing the sale of gold/silver....RESULTS BACK
AUandAG
Posts: 24,760 ✭✭✭✭✭
Sent a batch of gold scrap (is there really such a thing?) and silver to the melting pot.
Should arrive there on Monday.
Did I time it right???
Last two batches were busts as metals dropped like rocks while in shipment!
Keeping my fingers crossed that gold stays up there for a few more days!!
bob
Should arrive there on Monday.
Did I time it right???
Last two batches were busts as metals dropped like rocks while in shipment!
Keeping my fingers crossed that gold stays up there for a few more days!!
bob
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
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Comments
"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
We absolutely WOULD still be on here...but we would be logging in from Belize, or the Caymans, or...
<< <i>derryb, I am sorry, but I must simply disagree with your statement above.
We absolutely WOULD still be on here...but we would be logging in from Belize, or the Caymans, or... >>
I'm in Belize, and it is all that it is cracked up to be.
"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
Fred, Las Vegas, NV
<< <i>unless you needed the money I would not be selling any PM's now. If you think the news is looking rosey and things are turning around sell. I most be watching a different channel. >>
It's not a question of needing money, but taking a profit. Die hard PM buffs will of course disagree with my strategy of FIFO with the usual reasons. But you need to ask yourself, has there ever been a "rosey" time in the last 20 years? If you bought & sold on a regular basis, utilizing a FIFO method, you've done very well.
I'm more concerned about any of the Refinery's Honesty, than exact market timing. It's a mine field out there.
<< <i>
<< <i>unless you needed the money I would not be selling any PM's now. If you think the news is looking rosey and things are turning around sell. I most be watching a different channel. >>
It's not a question of needing money, but taking a profit. Die hard PM buffs will of course disagree with my strategy of FIFO with the usual reasons. But you need to ask yourself, has there ever been a "rosey" time in the last 20 years? If you bought & sold on a regular basis, utilizing a FIFO method, you've done very well. >>
agreed, there are points on both sides. I still feel this is going higher and why would I want to leave $$$ on the table.
Fred, Las Vegas, NV
I don't let that trigger me to sell anymore. Twice I learned my lesson selling when prices were high. Or they seemed high at the time.
First it was with silver bars I bought at $8 each. When silver hit $14 I dumped them. Next was Morgans and Peace dollars I bought at $15 each. I dumped them at $21.50 each at a yard sale. All this was just to take profits. Now here we are with silver at $35 or so.
Where are my bars, Morgans and Peace dollars?
<< <i>You can go crazy second guessing yourself. If it is a good thing to do now, do it now. Obviously this is not your entire holdings, so don't lost sleep over it. >>
then if in Belize or Caymans one would not even first guess
<< <i>I have a feeling that buying/selling based on "strategic timing" or coin flips, the chances of success are basically identical.
The only PM selling I have done is to purchase numismatic pieces. IMHO, trying to time any market is a losing proposition.
feeling that the dollar was just getting too strong with the US economic news being pretty
positive and forecasts upbeat.
Happy.
bob
--Edward
He who knows he has enough is rich.