Like it or not, you are still using $ as a measure of value, then just dividing by the per/oz spot price (again measured in $) to get your delusional "value measured in oz's". IMHO, you are only kidding yourself.
I will continue to stack until spot is $35 or above, then when spot is triple my average cost per ounce, I will unload 1/3 of my stack, receiving my initial investment back, and watch the rest of it grow . . . . Hopefully.
As long as I have an income coming in and I can afford to buy both silver and gold I will continue to stack. I m in it for the long term. Not interested in weekly, monthly or even yearly falls or rises. I see gold and silver as insurance. The world is in turmoil. Gold and Silver is the best place to be for the foreseeable future.
If I were in a lifeboat, and the $100M Titanic was sinking next to me, there would come a point where the market value of my lifeboat would greatly exceed that of the Titanic. At that point I'd definitely swap back...
Okay, that's cool, I see that argument a lot. You're in it for the 'long term' - what event means you get out of gold/silver?
I will always hold gold and silver. If i need hard cash I will sell a portion of my stack, but keep my core position. As for one event that will make me sell all my stack...I don t know. My future daughters wedding?? ha. I don't have faith in where the world is heading both financially and politically and whilst the elite keep hoarding gold and silver I will do the same but on a much much much much much smaller scale. Each to their own.
Very much so! Just curious I guess. Holding silver/gold forever seems almost, retarded? It doesn't generate income, so what exactly what you be holding it for.... it's just a paperweight? lol
I hold gold and silver not to generate an income but as a store of wealth... It is the only "true" money. I m not a trader or traditional investor. To generate wealth one could diversify into property etc. I do believe in diversifying though, And practice this.
I fear there will be a lot of shiny paperweights long after the top has been & gone . IMO making income should be first & foremost for your lifestyle you want any extra can be funneled into PMs . I dont see any point having PMs if you havent got enough cashflow for a decent lifestyle Its better spent on income generating assets to fund the here & now & to purchase more than your savings can buy
I get that too. But you're never going to buy anything with your buying power, so what's the point...
But they will when the gold to (X) chart says its feasible . If it never does their plans are shot to shit & they had all that money tied up not making income for nothing . Some people dont know how to make money & i understand its their perception of safe money . Which is a false economy when the price fluctuates so much . When they need it spot might be way under what they paid then they will be crying wishing it was in the bank getting at least some compounding interest where the metals actually went down Like now its xmas & they need a few bucks spot has tanked on both gold & silver im sure some have learned it the hard way in the last few weeks .. Some people never learn & will hold onto the "metals is everything" mantra & keep repeating it to themselves to justify their position. Diversification is the key some cash some metals some income generating assets .All in PMs is for dummies.
Diversification is the key some cash some metals some income generating assets .All in PMs is for dummies... exactly. Having said that history shows precious metals is where its at.
No i'm not - I don't think like you clearly do. I think of RE (for example) in ounces of gold and ounces of silver ... That's the difference between us - you will sell your silver at whatever dollar price mesmorises you... I on the other had will sell my silver one day when i'm happy that the ratio # Ag ounces/avg Family Home begins to show a tendency to be on the INCREASE ... SAVVY!??? :lol:
ummm ... it doesn't need to generate income because it does not lose value like currency does. Nearly all paper investments that "generate income" still end up losing you value due to inflation and taxes. Keeping gold does neither... You can use yours for a paperweight - i'll use mine to buy goods and services with. Each to his own... :lol:
