Are you buying PM's for the long term?

PerryHall · May 9, 2014 6:29PM

Are you stacking for the long term or are you buying to flip for a quick profit? If you are buying PM's as a long term investment, what do you consider the long term to be? Personnally I'm into PM's as a long term investment. By the time Obama leaves office, the national debt will have doubled during his presidency. Massive national debt is historically paid off by massively inflating the currency. Also, I think the stock market is a bubble and I'm expecting a major correction some day. Some of that money will find refuge in PM's. What are your thoughts?

chumley · May 9, 2014 8:44PM

I am in it for the long term,waiting for pre 1964 halfs to reach a value of $10 per coin....of course I may not live long enough to see it but my wife and son seem okay with that....;someone will profit

DrBuster · May 9, 2014 8:57PM

Almost 20 yrs in. Flipped some silver to gold during the run to $49, but that's about it. Unless I need it for something I'll keep adding to the pirate chest as long as I'm working.

secondrepublic · May 9, 2014 9:16PM

Definitely long-term, unless there's some huge price spike that makes for a very profitable selling opportunity.

PerryHall · May 9, 2014 9:28PM

I think of PM's more as a way to preserve wealth rather than as an investment although they can be a good investment.

DrBuster · May 9, 2014 9:39PM

<< I think of PM's more as a way to preserve wealth rather than as an investment although they can be a good investment. >>

If I had the cash instead I'd probably have spent most of it on junk.

Julio · May 9, 2014 10:41PM

Must be long term. I started in the late 50's collecting coins, some were silver. Been collecting some type of PM's ever since. Take care.

cohodk · May 10, 2014 12:10AM

Long term-- just like stocks and real estate.

ricko · May 10, 2014 12:36AM

Long term...been stacking 20+ years.... Cheers, RickO

johnny9434 · May 10, 2014 12:56AM

<< Long term...been stacking 20+ years.... Cheers, RickO >>

same here

pragmaticgoat · May 10, 2014 1:22AM

<< 

<< I think of PM's more as a way to preserve wealth rather than as an investment although they can be a good investment. >>

If I had the cash instead I'd probably have spent most of it on junk. >>

This

Silveraholic · May 10, 2014 2:37AM

I'm relatively young. I'm in my mid thirties. So I'm saving PM's for the long haul. I buy a little at a time when the mood strikes and I have some extra cash. I don't plan on selling for many years.

SilverBaron · May 10, 2014 2:54AM

I usually buy or sell my stash based on every $2 move. I just leave it in the trunk of the car.

Keep on Stack'n!!

freechance · May 10, 2014 3:00AM

<< I usually buy or sell my stash based on every $2 move. I just leave it in the trunk of the car.

Keep on Stack'n!! >>

You must drive a dump truck

TwoSides2aCoin · May 10, 2014 3:27AM

No, but it seems to be turning out that way.

RedTiger · May 10, 2014 5:10AM

Physical metals are for long termers (ex-dealers).

That said, I haven't been buying. I'll say it again because too many are ignoring the advice: averaging down into a major bear market is the road to the poor house. It may be a long wait before the worm turns. There has only been one down year for gold in the last 13 years (so far gold is up for 2014), so that is more promising than silver. A normal cyclical bear market would be four to six years. There is no need to be in a hurry.

Yes, fiat currencies are all eventually going to zero. However, the catalysts for that trip are not likely to be pleasant. It isn't going to be some financial video game. There will be death and pain. Again, historically that trip will involve one or more of the big four: loss of a major war, revolution or civil war, major famine, major plague. For the adjective major to apply, think along the lines of 10% of the U.S. population dead in two years. Net worth and return on investment may be the least of a person's or family's concerns when these big events inevitably unfold, and people are literally dying left and right.

Major powers rarely fall from their own weight, they get pushed over or crushed. Ancient Rome took 20 generations from peak to fall without a war to destroy it. Those buying metals for a fall of Rome kind of scenario are investing for the year 2525. Many metals people cite the Wiemar Republic, but that included a loss of a major war, eventually a fall in government. There was also a nasty plague mixed in there too for Germany.

JohnnyCache · May 10, 2014 6:04AM

<< I usually buy or sell my stash based on every $2 move. I just leave it in the trunk of the car.

>>

It worked out well for the Baron until the day he parked on that steep hill.....

.
Since then he added a small addition onto the house to store his silver.....

Edit to add..... I'm in for the long term. Plan to leave the PM's to the kids.

ArizonaJack · May 10, 2014 7:43AM

Hedge to protect my dollars.
Have also pulled off some flips if the price was right. Have been lucky and am very aware of that.

bidask · May 10, 2014 9:23AM

<< Are you stacking for the long term or are you buying to flip for a quick profit? If you are buying PM's as a long term investment, what do you consider the long term to be? Personnally I'm into PM's as a long term investment. By the time Obama leaves office, the national debt will have doubled during his presidency. Massive national debt is historically paid off by massively inflating the currency. Also, I think the stock market is a bubble and I'm expecting a major correction some day. Some of that money will find refuge in PM's. What are your thoughts? >>

My thought is that you have missed out on a terrific bull stock market and that your underwater in your gold purchases.

PerryHall · May 10, 2014 9:37AM

<< 

<< Are you stacking for the long term or are you buying to flip for a quick profit? If you are buying PM's as a long term investment, what do you consider the long term to be? Personnally I'm into PM's as a long term investment. By the time Obama leaves office, the national debt will have doubled during his presidency. Massive national debt is historically paid off by massively inflating the currency. Also, I think the stock market is a bubble and I'm expecting a major correction some day. Some of that money will find refuge in PM's. What are your thoughts? >>

My thought is that you have missed out on a terrific bull stock market and that your underwater in your gold purchases. >>

I'm also heavily invested in the stock market. I do believe in being diversified.

lcoopie · May 10, 2014 9:51AM

perhaps the best time to buy would be when no one is interested

Devin62 · May 10, 2014 10:25AM

I am stacking a hedge a way to save my wealth. If I do not need to use it, I will leave it for my children.

Konahead · May 10, 2014 1:08PM

Long term and would sell if forced

tneig · May 10, 2014 4:27PM

Long term means you buy with a dream of becoming rich off of it but you die first, either because you could never bring yourself to sell either holding out for more or just hoarding. Then Uncle Sam takes half, and your heirs sell it off the rest for a ridiculously low amount because they don't know what to do with it..

PerryHall · May 10, 2014 6:11PM

<< Long term means you buy with a dream of becoming rich off of it but you die first, either because you could never bring yourself to sell either holding out for more or just hoarding. Then Uncle Sam takes half, and your heirs sell it off the rest for a ridiculously low amount because they don't know what to do with it.. >>

The government doesn't need to know that I own PM's and you need to educate your family as to what your PM's are worth. Your bars/rounds indicate their weight and it's easy to find out the current price of PM's with a quick Goggle search.

TwoSides2aCoin · May 11, 2014 12:01AM

Some prefer birdies in golf to eagles in rolls…. or a row of saloons to a stack of bars.

jmski52 · May 12, 2014 8:29PM

Long term means you buy with a dream of becoming rich off of it but you die first, either because you could never bring yourself to sell either holding out for more or just hoarding. Then Uncle Sam takes half, and your heirs sell it off the rest for a ridiculously low amount because they don't know what to do with it..

Long term means that you don't have any motivation to sell it any time soon. Long term means that you aren't trying to swoop in and make $0.20/oz. every time that the market deviates more than 0.65 sigmas. Long term, for me at this juncture means that it's more lucrative to stash some PMs away from time to time and to focus on making money in my job. If I really want to speculate, I can do that with just about any type of asset.

I do believe that we're somewhere on the Weimar curve and that it's wise to convert a meaningful portion of my earnings into something else - anything that's concrete enough not to go "poof" if a major currency event occurs. I do believe that taxation is about to become the major issue of our day, because government spending isn't about to slow down in the least.

In the end, it's a game of percentages, and that's where I think we are now. Does that mean gold & silver are the best savings vehicle? I don't know the answer, especially since the government tries very hard to dissuade people from transacting in any way outside of their disgustingly leveraged, corrupt, fiat system. At some point, the spinner is going to land on "busted". At that point, we'll all know the answer.

Are you buying PM's for the long term?

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