| Author |
 Replies: 17 / Views: 2,650 |
|
Pillar of the Community
United States
851 Posts |
Just looking for opinions. Do you think people should sell their gold and silver now or should they buy as much as they can afford?  |
|
|
|
Pillar of the Community
United States
1429 Posts |
Buy. What good are worthless dollars in the bank, given the inflationary bubble we are entering.
|
|
Valued Member
United States
258 Posts |
BUY! There are those of us who believe the market is being manipulated by the federal reserve and our government to prop up a worthless dollar. Remember this, the value of your gold and silver IS NOT going up. The value of the pieces of paper with dead presidents is going down. 2 trillion deficit and growing. You can read many years worth of my rantings on the bullion direct forum (same user id). I will close off here the same way I close off my postings there. Got gold and silver? Sincerely, John Leckrone
|
|
Pillar of the Community
United States
4541 Posts |
dont buy unless you can find stuff cheap. prices are to high. I think this is a bubble that want last. but thats just an opinion
|
|
Valued Member
United States
314 Posts |
Bubble's get inflated more and more until they burst. This bubble will burst just like the South Sea Trading Company and some people will lose a lot of money if they invest at the wrong time.
|
|
Pillar of the Community
United States
968 Posts |
Remember a few years ago when everyone went crazy investing in real estate? Land has always been thought of as safe investment like gold, but you see what unsustainable run ups did there! Gold may not tank like the housing market, but the fast run up in price to ridiculous levels sure looks similar to me. I have no intention of buying gold at this point (even gold coins for the time being). Gold may not be at its peak, but once everybody and their brother starts jumping on a bandwagon like this you know you are getting close to the top.
I'd say sell if you have gold and silver you don't want anymore. I think buying at this point is too risky if you are thinking short term. On the other hand if you have coins you really like as part of your collection, hold onto them. While I would be shocked if gold and silver are at this high level two or three years from now, I would be even more shocked if it wasn't worth more than this 15 or 20 years from now.
|
|
Pillar of the Community
United States
1418 Posts |
What I don't understand is why people are buying so much gold and silver. It rose so much, it will drop, and not get higher than this for a long time. That's just my take.
|
|
Valued Member
United States
436 Posts |
All I am going to say about this is once they start with the infomercials (and they already have) about what a great investment gold and silver are and how they will never go up, the end of the bull market is near! Remember the "Paunch" infomercials about land just before the crash? Think about it.
|
|
Bedrock of the Community
United States
20753 Posts |
Sounds like no one has seen those TV adds where you send in your Gold and Silver and they will now send you 25% more cash. So you should all run out and send them all your Gold and Silver fast. So you too can get that 25% more.
I would but I'm been busy trying to figure out what 25% more of WHAT really is.
|
|
Valued Member
United States
290 Posts |
I am continuing to buy silver and I am also saving my pennies (copper pennies). I think if gold and silver both continue to go up, silver will outperform gold.
That being said, I do not have enough of any commodity to pray for their continued rise. But I do believe gold and sulver have further to go (upwards).
|
|
New Member
United States
46 Posts |
I sold half my silver bullion off this year.
|
|
Pillar of the Community
United States
2130 Posts |
Been out of the loop for a while. How much is silver value in 90% Silver Half Dollars. I have 8-10 rolls of walkers laying around. Should I hold or sell?
|
|
Bedrock of the Community
United States
11951 Posts |
A $10 roll of 90% half dollars will sell from $80 to a $120 dollars a roll. Depending on the dealer.
It would be hard to tell someone else how they should invest their money. I started selling silver and some scrap gold this past summer. I used that money to buy coins for my collection.
Now because the prices have continue to go up, to me, it looks like there could be some good money to be made. My plan is to buy at the best price I can and sell aggressively on the way down.
But who really knows what it will do. Gold and silver both could go to new levels and then either drop back to old levels or maintain a new normal price level. For instance gold might go to $2000 a ounce then fall back down to the $1100 to $1200 price range. But no one really knows ..
|
|
Valued Member
United States
199 Posts |
I think gold will continue to rise.How far,I don't know.I have some money to invest right now,but am still thinking about it.If I can buy bullion gold without the govt. being involved,I would.I want it in my hot little hand,without the govt. knowing how much I have.Non of their beniss,IMHO
Brewzz
|
|
Pillar of the Community
United States
594 Posts |
This reminds me of an old saying "Buy low, Sell high."
|
|
Rest in Peace
United States
2668 Posts |
925dealer made a key point, it is the dollar going down in value. And as far as I can tell, the Obama Administration is putting JATOs on that runaway train.
|
| |
Replies: 17 / Views: 2,650 |
Posted 12/01/2009 7:25 pm
