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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="AlexN2coins2004, post: 1108879, member: 19049"]I'm not exactly following you on this but I am trying to be cautious too...probably the best way to explain what I'm doing is with numbers <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>say I originally bought 100 ounces of silver for $1700 and now if I sold it for say $3300 there's $1600 in profit... so I decided I would put in $1600 more from my pocket... if I bought say 48 ounces with that for 33/oz I'd have 148 that I paid $3300 for in all now as long as silver doesn't drop below $22.29/oz I'm still in profit and protecting the value I have invested...</p><p><br /></p><p>so basically if your worried about keeping a certain % of profit don't buy anymore but if your interested in keeping more value safe you might want to consider buying more til you hit your stopping point for exposure mine is set at $26/oz and if it starts to tumble below $30/oz I think I'll sell half and watch it fall to it's baseline and rebuy in...</p><p><br /></p><p>don't trust my imput on here for your own investing decisions but it's always good to have a plan and know exactly what your ready for.[/QUOTE]</p><p><br /></p>
[QUOTE="AlexN2coins2004, post: 1108879, member: 19049"]I'm not exactly following you on this but I am trying to be cautious too...probably the best way to explain what I'm doing is with numbers :D say I originally bought 100 ounces of silver for $1700 and now if I sold it for say $3300 there's $1600 in profit... so I decided I would put in $1600 more from my pocket... if I bought say 48 ounces with that for 33/oz I'd have 148 that I paid $3300 for in all now as long as silver doesn't drop below $22.29/oz I'm still in profit and protecting the value I have invested... so basically if your worried about keeping a certain % of profit don't buy anymore but if your interested in keeping more value safe you might want to consider buying more til you hit your stopping point for exposure mine is set at $26/oz and if it starts to tumble below $30/oz I think I'll sell half and watch it fall to it's baseline and rebuy in... don't trust my imput on here for your own investing decisions but it's always good to have a plan and know exactly what your ready for.[/QUOTE]
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2011 GOLD high $1,500.00, SILVER high $24.00
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