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Posted 07/24/2014 10:56 pm
C'mon team. Let's step back and look at the OP's question. I think we are getting too caught up in the opinions.
If s/he bought a 1/4 ounce today, at say $370, and gold dropped to 900 an ounce in the next year, s/he might be able to get it for $270. If it goes up to $1700, it may cost $500.
Getting in at all is the key at this level, chances are if s/he doesn't do it, that $370 will be spent on an iphone/tv or other depreciating/consumable item.
If you trade paper, you can do it rapidly and change your position, buy/sell in a minute. If you are a physical collector, it takes time to save the money, receive the product, hold it in your hands, put it in safe keeping to play with later. All of my purchases have been money I didn't need, and had I not bought metals, I may have found something else to spend it on.
I believe gold and silver will go up. I am not prepared to put 100k in tomorrow, even if YUP says so. I am not prepared to sell it all tomorrow either, even if it were to double in value. I may have a different perspective if I managed paper, but for me, metals trickle in to my collection, and will trickle out much later when the time is right.
If s/he bought a 1/4 ounce today, at say $370, and gold dropped to 900 an ounce in the next year, s/he might be able to get it for $270. If it goes up to $1700, it may cost $500.
Getting in at all is the key at this level, chances are if s/he doesn't do it, that $370 will be spent on an iphone/tv or other depreciating/consumable item.
If you trade paper, you can do it rapidly and change your position, buy/sell in a minute. If you are a physical collector, it takes time to save the money, receive the product, hold it in your hands, put it in safe keeping to play with later. All of my purchases have been money I didn't need, and had I not bought metals, I may have found something else to spend it on.
I believe gold and silver will go up. I am not prepared to put 100k in tomorrow, even if YUP says so. I am not prepared to sell it all tomorrow either, even if it were to double in value. I may have a different perspective if I managed paper, but for me, metals trickle in to my collection, and will trickle out much later when the time is right.
