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Posted 02/25/2012 11:03 am
I love gold, esp old pre 1933 gold Bekiz....
But my thing with gold is, you really need a lot to make any real profit, esp at these prices....
I got about 2 oz. of gold together last year, but in the long run realized I am in a much better position to add "poor man's gold", via silver so that is all I now focus on, so I sold one oz. and traded another for 50 oz of silver....
I guess my point, unless you can get about 5 oz. together at least, you really don't stand to turn much profit this year, minus gold hitting 2500 an oz, and then your profit would still be slim in comparison to if one had much silver, and it hit 60 to 75 an oz this year, which is a major big IF....
In the end, not always about the best profit margin line, sometimes the collector in us all takes over an adds things just for personal enjoyment, and that is all fine an dandy as well....
Now long term investors/collectors that just want out of the dollar and into something they believe in, then gold is a fantastic idea. IF again ones is smart enough to get out, IF an when a major pullback goes down, then of course buy right back in two fold when it bottoms out. But that takes timing an luck, as none of us have a crystal ball too begin with. Lastly I will say gold is a gamble like many things in this world, but I consider it a safe gamble, again if one has enough to invest in it to make a REAL difference in their own personal situations, via short term or long....
But my thing with gold is, you really need a lot to make any real profit, esp at these prices....
I got about 2 oz. of gold together last year, but in the long run realized I am in a much better position to add "poor man's gold", via silver so that is all I now focus on, so I sold one oz. and traded another for 50 oz of silver....
I guess my point, unless you can get about 5 oz. together at least, you really don't stand to turn much profit this year, minus gold hitting 2500 an oz, and then your profit would still be slim in comparison to if one had much silver, and it hit 60 to 75 an oz this year, which is a major big IF....
In the end, not always about the best profit margin line, sometimes the collector in us all takes over an adds things just for personal enjoyment, and that is all fine an dandy as well....
Now long term investors/collectors that just want out of the dollar and into something they believe in, then gold is a fantastic idea. IF again ones is smart enough to get out, IF an when a major pullback goes down, then of course buy right back in two fold when it bottoms out. But that takes timing an luck, as none of us have a crystal ball too begin with. Lastly I will say gold is a gamble like many things in this world, but I consider it a safe gamble, again if one has enough to invest in it to make a REAL difference in their own personal situations, via short term or long....
Edited by Silverhawk74
02/25/2012 11:11 am
02/25/2012 11:11 am
