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<p>[QUOTE="Rono, post: 4295613, member: 6492"]Howdy folks,</p><p><br /></p><p>I've been lucky in that I've been both a collector (for 65 years) and a stacker (for almost 50) and have seen this happen before. Golly, watching the POG and POS is pretty much hardwired into my brain. </p><p><br /></p><p>While I don't consider myself a gold bug type hoarder, I was finishing my BA in Economics in the late 1970's and financing it with GI Bill and selling silver I had bought out of restaurant tills for face value in the mid-70's. </p><p><br /></p><p>As a long time investor and for many types of assets, Dollar Cost Averaging is one of the best ways to proceed. By this you buy the same dollar amount on a regular basis of the asset regardless of its price (e.g. $1000 a month buying ASEs). Over time, as the price goes up, you get fewer ASEs but when it comes down, you get more. Yeah, your cost averages out over time. </p><p><br /></p><p>For this reason, and seasonality, I always buy my annual stuff mostly in January when it's minted all over the world. When stuff hits the fan, I buy more. </p><p><br /></p><p>In addition to physical bullion (always best if safe), I LOVE to play the stock market and particularly the junior silver miners. There are many ways to play. SLV was mentioned as it is the silver Exchange Traded Fund. GLD is gold. There are others. These are Paper bullion products and they've recently been liquidated by folks having to meet margin calls on the stock market. This is why the POG and POS are waaaaaay under what the street values them at. This is why premiums have skyrocketed. It's the same as any artificially priced market - supply disappears or premiums skyrocket or both. We're experiencing both.</p><p><br /></p><p>Back to the stock market offerings. You must be careful with bullion ETFs as they are taxed at the collectible rate. Keep them in a tax exempt or deferred account.</p><p>For actual bullion fund, I like CEF. Most of the PM mutual funds are invested in mining stocks and NOT bullion. It's a hands off way on investing in bullion.</p><p><br /></p><p>For myself, I've found the action to be with the junior miners, particularly silver. ETFs for these are GDXJ and SILJ. If you want to play the individual miners find them at kitco or kitco silver. They list them all. </p><p><br /></p><p>In the Hunt Bros rally in the late 70's gold went up what 2 -3 fold to $850. Silver topped out up 10X to around $50. I remember buying a tube of ASE's including shipping and handling for under $90. </p><p><br /></p><p>This served me well when the Big Bonanza started in 2002. Being a collector, I was watching, took note, and was in a position to play it. I owned stocks and had brokerage accounts for my 401 and 457 at work. Cha-ching!!!!! I was buying Silver Wheaton between $2 and 3 a share and at the peak around 2010 it topped out at $43. This is my only Home Run but damn it was sweet. </p><p><br /></p><p>This is why for giggles I will always be playing the junior silver miners. Not as flashy as gold and not demanded for the same reason but the leverage is just son incredible. Wow.</p><p><br /></p><p>gots to go,</p><p><br /></p><p>peace and flatten the curve,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 4295613, member: 6492"]Howdy folks, I've been lucky in that I've been both a collector (for 65 years) and a stacker (for almost 50) and have seen this happen before. Golly, watching the POG and POS is pretty much hardwired into my brain. While I don't consider myself a gold bug type hoarder, I was finishing my BA in Economics in the late 1970's and financing it with GI Bill and selling silver I had bought out of restaurant tills for face value in the mid-70's. As a long time investor and for many types of assets, Dollar Cost Averaging is one of the best ways to proceed. By this you buy the same dollar amount on a regular basis of the asset regardless of its price (e.g. $1000 a month buying ASEs). Over time, as the price goes up, you get fewer ASEs but when it comes down, you get more. Yeah, your cost averages out over time. For this reason, and seasonality, I always buy my annual stuff mostly in January when it's minted all over the world. When stuff hits the fan, I buy more. In addition to physical bullion (always best if safe), I LOVE to play the stock market and particularly the junior silver miners. There are many ways to play. SLV was mentioned as it is the silver Exchange Traded Fund. GLD is gold. There are others. These are Paper bullion products and they've recently been liquidated by folks having to meet margin calls on the stock market. This is why the POG and POS are waaaaaay under what the street values them at. This is why premiums have skyrocketed. It's the same as any artificially priced market - supply disappears or premiums skyrocket or both. We're experiencing both. Back to the stock market offerings. You must be careful with bullion ETFs as they are taxed at the collectible rate. Keep them in a tax exempt or deferred account. For actual bullion fund, I like CEF. Most of the PM mutual funds are invested in mining stocks and NOT bullion. It's a hands off way on investing in bullion. For myself, I've found the action to be with the junior miners, particularly silver. ETFs for these are GDXJ and SILJ. If you want to play the individual miners find them at kitco or kitco silver. They list them all. In the Hunt Bros rally in the late 70's gold went up what 2 -3 fold to $850. Silver topped out up 10X to around $50. I remember buying a tube of ASE's including shipping and handling for under $90. This served me well when the Big Bonanza started in 2002. Being a collector, I was watching, took note, and was in a position to play it. I owned stocks and had brokerage accounts for my 401 and 457 at work. Cha-ching!!!!! I was buying Silver Wheaton between $2 and 3 a share and at the peak around 2010 it topped out at $43. This is my only Home Run but damn it was sweet. This is why for giggles I will always be playing the junior silver miners. Not as flashy as gold and not demanded for the same reason but the leverage is just son incredible. Wow. gots to go, peace and flatten the curve, rono[/QUOTE]
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