Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2011 GOLD high $1,500.00, SILVER high $24.00
>
Reply to Thread
Message:
<p>[QUOTE="krispy, post: 1075614, member: 19065"]This took me a bit to write and hopefully not sound too vague or limited in scope, sorry to have missed a few posts since then but one of your later posts still seems to apply, your thoughts on looking for a big dip to buy a lot at $20....</p><p><br /></p><p>So in reply to the quoted comment above:</p><p><br /></p><p><br /></p><p>This is something I think you can try to learn to view another way to help solve being stuck in this position-- that of PMs having risen and feeling like you cannot buy as much as before. </p><p><br /></p><p>I've mentioned before that I personally believe in buying PMs little-by-little over time regardless of minor ups/downs. Each individual should base 'little' on the size of their own personal budget, i.e. my little may be much smaller than yours. Consider buying PMs frequently the way people allocate regular contributions to a retirement fund or savings account. They don't wait until they have 10k to invest or deposit their money, they take 10% from each paycheck and buy shares every so often. Some bullion services have accumulation programs that you can subscribe to to help stay on track buying physical to meet your financial goals and it could be cheaper than fees associated with buying from online dealers or taking possession of and dealing with security/storing physical yourself.</p><p><br /></p><p>Then, as the price of PMs increases further, it's not that your money now buys half as much (using your price example above) but rather, you adjust to buying half as much as you would have been buying before. This way you continue to accumulate and take advantage of a range of spot prices. Continual purchasing means you haven't missed buying at $30/oz. as you sit and reflect back from $40/oz. and from here you readjust your buying again, acquiring PMs in smaller increments as you ponder and prepare for the eventuality of $50/oz. as many see possible in the near future. This helps you add to your position and <u><i>that</i></u> is where your value is increasing-- rather than focusing on your paper dollars' worth decreasing. I think you left that out of your view, remembering what you already have or could have put away as your paper diminished over time. While your dollar could be said to decrease, your PMs have continued to increase. </p><p><br /></p><p>If your currency becomes stronger, don't stop buying PMs. If PMs drop, continue buying. Always add to your position. Now, there will be times when you simply must convert all to cash or 'other' to protect your wealth if PMs are poised to take a hit or for other advantages, but as long as you are <u><i>in</i></u>, I suggest regularly adding to your position. I don't advise trying to sell a little and hoping for another chance to buy more or wait to buy if/when PMs drop, we simply loose too much time this way.</p><p><br /></p><p>I guess I just feel that the more you can squirrel away the less it matters how little your current dollars in hand are worth so long as you continue to add to your PM holdings, which holds the value you feel your dollars have lost.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1075614, member: 19065"]This took me a bit to write and hopefully not sound too vague or limited in scope, sorry to have missed a few posts since then but one of your later posts still seems to apply, your thoughts on looking for a big dip to buy a lot at $20.... So in reply to the quoted comment above: This is something I think you can try to learn to view another way to help solve being stuck in this position-- that of PMs having risen and feeling like you cannot buy as much as before. I've mentioned before that I personally believe in buying PMs little-by-little over time regardless of minor ups/downs. Each individual should base 'little' on the size of their own personal budget, i.e. my little may be much smaller than yours. Consider buying PMs frequently the way people allocate regular contributions to a retirement fund or savings account. They don't wait until they have 10k to invest or deposit their money, they take 10% from each paycheck and buy shares every so often. Some bullion services have accumulation programs that you can subscribe to to help stay on track buying physical to meet your financial goals and it could be cheaper than fees associated with buying from online dealers or taking possession of and dealing with security/storing physical yourself. Then, as the price of PMs increases further, it's not that your money now buys half as much (using your price example above) but rather, you adjust to buying half as much as you would have been buying before. This way you continue to accumulate and take advantage of a range of spot prices. Continual purchasing means you haven't missed buying at $30/oz. as you sit and reflect back from $40/oz. and from here you readjust your buying again, acquiring PMs in smaller increments as you ponder and prepare for the eventuality of $50/oz. as many see possible in the near future. This helps you add to your position and [U][I]that[/I][/U] is where your value is increasing-- rather than focusing on your paper dollars' worth decreasing. I think you left that out of your view, remembering what you already have or could have put away as your paper diminished over time. While your dollar could be said to decrease, your PMs have continued to increase. If your currency becomes stronger, don't stop buying PMs. If PMs drop, continue buying. Always add to your position. Now, there will be times when you simply must convert all to cash or 'other' to protect your wealth if PMs are poised to take a hit or for other advantages, but as long as you are [U][I]in[/I][/U], I suggest regularly adding to your position. I don't advise trying to sell a little and hoping for another chance to buy more or wait to buy if/when PMs drop, we simply loose too much time this way. I guess I just feel that the more you can squirrel away the less it matters how little your current dollars in hand are worth so long as you continue to add to your PM holdings, which holds the value you feel your dollars have lost.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
2011 GOLD high $1,500.00, SILVER high $24.00
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...