When should we sell?

Mesquite · February 22, 2012 8:44PM

The last paragraph sums it up.

The fear of gold.

ricko · February 23, 2012 1:21AM

No one should laugh when the subject of holding gold is discussed. It is a solid investment. Cheers, RickO

Pokermandude · February 23, 2012 1:24AM

"When should we sell?"

When

<< No one laughs when the subject of holding gold is discussed >>

Similar to the "it's time to get out of the stock market when your cabbie is giving you stock tips".

Barndog · February 23, 2012 1:29AM

sell when you absolutely, positively need the money.
sell when you are 100% certain the proceeds will create more wealth for you than your current holdings will.
sell when someone offers you stupid money.
sell before you die so you can be a typhoon and blow it

57loaded · February 23, 2012 1:59AM

"And, how will we know when to sell? When I am asked what percentage of their portfolio should be held in gold bullion and I say 100% and no one laughs."

i don't agree with most of the statements as i am not in the gold=money crowd, unless one thinks money=commodity.

let's just not hope for the writer's argument's sake that not everyone is in gold 100%...wouldn't that mean everything else was thought of as being worthless?

personally i'd like to sell before "the elevator rings at the top floor". or even at the highest floor i can go before i need a key card...

edit for puntuation and grammar...which still isn't 100%

good link though, really

Mesquite · February 23, 2012 1:59AM

"sell when you absolutely, positively need the money.
sell when you are 100% certain the proceeds will create more wealth for you than your current holdings will.
sell when someone offers you stupid money.
sell before you die so you can be a typhoon and blow it"

Timbuk3 · February 23, 2012 2:13AM

I'm not selling yet !!!

jmski52 · February 23, 2012 3:07AM

sell when you absolutely, positively need the money.
sell when you are 100% certain the proceeds will create more wealth for you than your current holdings will.
sell when someone offers you stupid money.
sell before you die so you can be a typhoon and blow it

I couldn't have said it better.

DoubleEagle59 · February 23, 2012 3:18AM

Simple answer...

Sell your PM's and buy the Dow when the price of Gold equals the DJIA.

When the Gold : DJIA equals 1:1, this will mark the true 'top' in precious metals.

Baley · February 23, 2012 3:25AM

Sell your PM's and buy the Dow when the price of Gold equals the DJIA.

So, "never" then.

Yes, I said the price of gold will Never equal the DJIA.

I await the time when you tell me I am (was) wrong.

That will also be... Never.

DoubleEagle59 · February 23, 2012 3:29AM

<< Sell your PM's and buy the Dow when the price of Gold equals the DJIA.

So, "never" then.

Yes, I said the price of gold will Never equal the DJIA.

I await the time when you tell me I am (was) wrong.

That will also be... Never. >>

The GSR has moved from 40:1 in the year 2000 to the current 7:1 ratio.

Why can't it hit 1:1?? It did in 1980.

golfer72 · February 23, 2012 8:01AM

Sell when Baley starts pounding the table to buy gold!

Mesquite · February 23, 2012 8:18AM

Exactly!

Spooly · February 23, 2012 9:17AM

Money to be made going up...... money to be made going down. If you play it right...... you could make more money riding the down wave.

jdimmick · February 23, 2012 11:07AM

I make a little more in a downward trend, especially if accelerated after a quick rise

Many of the shops and buying out fits pay quite close and fair in an uptrend, but let the price correct about 10-15 % , folks come out of the wood work in a panic selling frenzy. I usually have to put larger spreads between buy and sell price as a precaution, and can , becuase some of the gold /silver buyers I mentioned earlier quit buying altogether after a correction, and then play wait and see so they dont get stuck. I constantly ship as much as necessary to avoid losses.

JCMhouston · February 23, 2012 1:20PM

For bullion I do not buy and sell, just buy and store. I don't look at physical bullion as an investment, morre as a store of value for the long term. I'm certainly not a doomsdayer, but then again you never know do you. I did sell all my physical silver a year or so ago when I thought the prices had just gotten crazy, I missed the $40 top but was very happy with the $33-38 I sold for. I haven't replaced it yet because I am still not comfortable with long term pricing above $30.

For playing bullion prices I might buy and sell in the same day (using SLV or GLD), I try to never hold these more than a week and really prefer no more than overnight. For these speculative markets I really don't think the charts work very well as predictors for the daily or weekly movements. Rather I try to guess sentiment, when everyone else starts screaming about how the market is tanking I buy, when they scream it's going to the moon I sell. I do tend to believe the metals markets are rigged, hence why I never hold these long term. You never know when the market riggers will simply raise margins, for example, to force some to sell and drop the price.

DorkGirl · February 23, 2012 10:10PM

<< Sell when Baley starts pounding the table to buy gold!

>>

mrcoin3 · February 23, 2012 10:19PM

Who was it that said---"no one ever went broke taking a profit"?

Baley · February 23, 2012 11:01PM

Sell when Baley starts pounding the table to buy gold!

I will be pounding the table to buy gold when it is back down below $800 an oz., or when it has underperformed other major asset classes for a significant period of time.
Why would anyone wait until it goes way down before selling some?

Many here seem to mistake my caution against irrational expectations of a future rise at the same rate of the past rise, with bearishness, which is not the case.

As far as Dow:Gold being 1:1 for a millisecond in 1980, good luck with that happening again, and even better luck with timing the sale

edit: upon further reflection, I think I understand what's meant by, "Sell when Baley starts pounding the table to buy gold! "

Yes, I agree that when I start pounding the table that you should buy my gold that I accumulated between 1998 and 2003 from me, then that will be a good sell signal that means I believe gold to be overpriced versus alternative investments. It will be either that, or I'll be pounding the table because the wife wants to remodel the kitchen

fastrudy · February 23, 2012 11:58PM

The GSR has moved from 40:1 in the year 2000 to the current 7:1 ratio.

The GSR is 50:1

Justacommeman · February 24, 2012 12:03AM

<< The GSR has moved from 40:1 in the year 2000 to the current 7:1 ratio.

The GSR is 50:1 >>

It is given that he meant the DOW/Gold ratio which is currently at about 7:1 .............MJ

KUCH · February 24, 2012 8:34AM

<< Who was it that said---"no one ever went broke taking a profit"? >>

I said that.

DoubleEagle59 · February 24, 2012 10:42AM

<< 

<< The GSR has moved from 40:1 in the year 2000 to the current 7:1 ratio.

The GSR is 50:1 >>

It is given that he meant the DOW/Gold ratio which is currently at about 7:1 .............MJ >>

Oops!!

Correct, I meant Dow/Gold Ratio.

derryb · February 25, 2012 10:44PM

When the dollars you get for it can earn you more elsewhere.

Historically the gold bull ending has been marked by a Gold to Dow ratio that nears 1:1. I personally think this will no longer be accurate in an economic enviornment that is ripe with corruption and manipulation. I expect to see a very negaive ratio before the end of the gold bull trend. The key to the decline of gold will lie heavily in the success of turning the economy around. Not gonna happen any time soon - keep stacking.

When should we sell?

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