everybody is talking about silver falling, what about gold? Is it safer to sell silver and reinvest in gold? Any thoughts?
I haven't been keeping up with the trends lately, but, as always, yes it's pretty safe to invest in gold. Precious metals will always be useful, which is what I'm always telling people. If the economy crashes, you can bet your arse gold will be in high demand.
Not at all. Silver has appreciated more than 100% for the last one year. But gold has only 20 to 30% even in spite of recession. The demand in case of silver is persistent owing to industrial demand and from countries like China and Japan. So it is better to keep up silver stocks. Do not sell silver to purchase gold.
I think all precious metals are risky right now. On the other hand, I think it's a temporary thing, and that the prices will stabilize and start heading north again within the next few weeks. But then, I don't have a magic crystal ball that tells me the future, for all I know silver will be back down below twenty and gold below a thousand by the first day of summer. It's happened like that before.
Silver touching twenty and gold a thousand by summer! It is a foregone conclusion with no possibility as there is no likelihood of economic improvement by then and oil touching down $50 a barrel. You need not have a crystal ball to tell the upswing in precious metal would continue until such time the economy stabilizes.
Never sell any precious metal unless its for personal reasons and I hope gold falls to a more affordable for me to buy price, i would like to have some gold stock in.
Investment in metal should of course be arranged according to your choice, whether it is for long term or short term. Long term is uncertain but short term up to a year or so we can predict. Once the economy recovered fully we have to change strategies. This is not going to happen within one year.
Im in it for the long run, I buy what I can when I can for future use. I will also only sell it for personal reasons and nothing else.
I feel that there are temporary fall in the prices. In the long run silver or any other precious metals will surely gain. So, just wait till the market regains. Don't sell it now.
