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 Replies: 33 / Views: 3,654 |
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Valued Member
United States
362 Posts |
Poll Question
Whats your pm buying prefernce now?
Thought this would be a fun poll to see peoples opinions, I know the options are very generalized, so bear with me!
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Pillar of the Community
1283 Posts |
I'm selling for the most part. I still buy when getting big discount usually from CL ADS. If silver hits $50 the monster box is "in the wind" Just my good for nothing opinion
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Pillar of the Community
Canada
1502 Posts |
Unless you're buying in the tens of thousands (and more), not much money will be made even if PMs rise by tens of percents. Besides, once you do sell, you loose a seat when and if prices rise again. Isn't buying and selling all along the way The only way to make any significant amount of returns?
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Valued Member
United States
406 Posts |
My PM purchasing is strictly a byproduct of my need for numismatic satisfaction - however, I see PMs continuing to slowly rise for the foreseeable future (subject to the normal fluctuations). I'm thankful for all the silver that I purchased back in the 1990's and have held on to.
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Pillar of the Community
United States
3453 Posts |
I would be but my hubby informed me of our recent credit card statement...hopefully in a couple months.
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Pillar of the Community
Canada
677 Posts |
I have sold all I'm going to sell. I've decided to switch to varieties for a while. Maybe some copper will take my mind off gold and silver.
At the very least be a little cheaper for a while.
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Pillar of the Community
United States
667 Posts |
 How much risk tolerance do you have? I have sold and bought. |
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Pillar of the Community
Canada
3692 Posts |
I still think gold has yet to see another bottom, I'm guessing at 1087. It would be tough to force the price any lower.
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Bedrock of the Community
Australia
21788 Posts |
My option is not really there.
My option would be:
'A little, and regularly. I think PM's are unstable, but slowly rising in the very long term, above inflation'. Just ignore the price volatility, if you can.
You need to consider 5 year moving averages. (OK for a part of a superannuation portfolio). That makes me an investor, not a trader or speculator.
The 5 year moving average provides you with the indication to buy more, or sell some, without making a hasty decision. That also depends if you need the cash at the time (sell), or have spare cash (buy).
Buy PM's bit by bit, and forget. I do that with gold coins occasionally. Have been for 30 years. You can do that with strictly numismatic items as well.
It seems to me that PM values and numismatic values are loosely related, and are somewhat counter cyclical to the stock market. That makes them very useful to add stability to any diversified investment.
Edited by sel_69l
08/31/2011 08:06 am
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Pillar of the Community
United States
2130 Posts |
I still watch for deals. Today I found 2 Unc ASE coins for $29.95 ea. w/ free shipping.  |
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Pillar of the Community
United States
2120 Posts |
Im buying less than I have been recently, but that's for other reasons. If I had the money I would still be buying about 10 ounces a month.
Its all about cost averaging.
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Pillar of the Community
United States
4008 Posts |
Quote:
I still think gold has yet to see another bottom, I'm guessing at 1087. It would be tough to force the price any lower. So, what is it about the world's major currencies or economies that convinces you they will rise by 60-70%? That's what it would take to see a gold price of $1100 or so. My thought is that gold prices will fluctuate, as they always have, but that we will see a fairly steady rise with time. The Euro, Yen, and US dollar are all showing considerable weakness. Debt and spending problems, particularly in the US and in Europe, will not soon be solved. Japan has been in a stagnant economy for 20 or so years now. For gold to drop significantly in price, these currencies will have to show considerable strength. Unfortunately, I can't see a single thing that points in that direction at this time. Everything points towards continued currency and economic weakness and PM strength. On a theoretical level, capitalism has mechanisms for dealing with the problems that we have. Unfortunately, various government officials have taken it upon themselves to try to prevent capitalism from working as it should. Bail outs are a 1st class example. Nothing should be bailed out... ever. If a company is too poorly run to succeed, it should be allowed to fail so that a stronger and better run company can buy its assets out of bankruptcy. The physical assets will still be used to make things. They will simply have a new and more efficient owner. This is how capitalism is supposed to work. By propping up these weak companies, it only encourages excessive risk taking and mediocre operation. Government needs to get out of the way so a REAL economy can be built that is strong and efficient. Unfortunately, there seems little desire on the part of the politicians to allow that. Until they do, gold will remain high in price. |
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Pillar of the Community
United States
2130 Posts |
Quote:
On a theoretical level, capitalism has mechanisms for dealing with the problems that we have. Unfortunately, various government officials have taken it upon themselves to try to prevent capitalism from working as it should. Bail outs are a 1st class example. Nothing should be bailed out... ever. If a company is too poorly run to succeed, it should be allowed to fail so that a stronger and better run company can buy its assets out of bankruptcy. The physical assets will still be used to make things. They will simply have a new and more efficient owner. This is how capitalism is supposed to work. By propping up these weak companies, it only encourages excessive risk taking and mediocre operation. Government needs to get out of the way so a REAL economy can be built that is strong and efficient. Unfortunately, there seems little desire on the part of the politicians to allow that. Until they do, gold will remain high in Ed_B, You should run. You have my vote. I couldn't agree more. When these bail outs started I said basically the same thing. But, in less words. |
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Pillar of the Community
Canada
3692 Posts |
Not sure how relevant this is, but I just heard of a jewellery store in Italy that doesn't carry anymore gold. How bizarre is that? It's pretty much past its boiling point, I don't know how it's being propped up so high.
@ chris: It's not that the world's economies will get better necessarily, but there could be a reevaluation of currencies, or the bubble could pop. Not all businesses can afford to buy gold at these prices anymore. Why are there new margins in place?
Edited by Libertad
08/31/2011 9:11 pm
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Bedrock of the Community
United States
10038 Posts |
I personally do not look for PMs to lower too much until we get some patriotic Americans in charge in the US. We need to get the government out of the way as they are scaring people into wanting something solid - hence PMs. I know the PM market is not only US-specific, but I also know as the US economy heads in one direction, so does the rest of the world. If it is not too late, and America is not being continually hindered from letting her historically proven system of capitalism work, then PMs will lower once again. I personally am thinking the soonest prices will sink (without more manipulation in the system) is at the soonest, a couple years after the current economic/political mess is cleaned up.
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Pillar of the Community
United States
830 Posts |
Gold was only opened up to the people of China to buy in 2006. China and India are the worlds biggest buyers now and they have the growth in economy and rising middle class population. It's not just about the US anymore.
Edited by GoThunder
08/31/2011 10:05 pm
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Replies: 33 / Views: 3,654 |
Posted 08/30/2011 4:00 pm
