Posted 11/26/2014 6:08 pm
I am going to give my view of PM's- per the posters question-
Why Buy PM's- Here is how I buy them.
There is a time to buy them, there is a time to sell them (as in selling them short to profit when they decline in value) and a time to do nothing at all with them.
I do not see the point of buying when they are declining or even doing anything because I know I can find somewhere else to make money and have it protected.
From my perch, it is impossible to know if there is inflation, deflation, stagflation and whenever economists talk about it, they are always wrong and behind the curve.
I do not believe in having big amounts of money being in the market all the time. The vast majority of the time my assets are in cash unless there are assets that are trending. This way I have a very limited downside risk exposure and at the same time can deploy cash to effectively capture opportunities such as trends that develop in commodities, currencies, bonds, or equities to name a few assets I follow.
outside of that, I only buy PM's to collect. Early in collecting I enjoyed the various world bullion silver and gold coins. I have in the past few years cut back on those buys and concentrate on specific coins, such as a focus on Somalian gold and silver coins.
For now, I look at PMs to sell short as they fall down in price, whenever this changes, I'll be a buyer again.
Why Buy PM's- Here is how I buy them.
There is a time to buy them, there is a time to sell them (as in selling them short to profit when they decline in value) and a time to do nothing at all with them.
I do not see the point of buying when they are declining or even doing anything because I know I can find somewhere else to make money and have it protected.
From my perch, it is impossible to know if there is inflation, deflation, stagflation and whenever economists talk about it, they are always wrong and behind the curve.
I do not believe in having big amounts of money being in the market all the time. The vast majority of the time my assets are in cash unless there are assets that are trending. This way I have a very limited downside risk exposure and at the same time can deploy cash to effectively capture opportunities such as trends that develop in commodities, currencies, bonds, or equities to name a few assets I follow.
outside of that, I only buy PM's to collect. Early in collecting I enjoyed the various world bullion silver and gold coins. I have in the past few years cut back on those buys and concentrate on specific coins, such as a focus on Somalian gold and silver coins.
For now, I look at PMs to sell short as they fall down in price, whenever this changes, I'll be a buyer again.
