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At what price will you stop buying bullion?
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<p>[QUOTE="medoraman, post: 3980517, member: 26302"]Eh, I buy what strikes my fancy.</p><p><br /></p><p>I know tons of people who have been trying to time the stock market the last decade. Almost every time I heard their plan it sounded logical, then they lost money. One of the cardinal rules of investing is to do the exact opposite of what small investors do because they react too much with emotion.</p><p><br /></p><p>So I use the same logic with bullion. I do not know where it's going, so unless it's at extremes like $1800 gold or $35 silver, I just buy what interest me at the premium. I adjust, like buying mostly platinum lately since I think it's a better relative buy, but just continue.</p><p><br /></p><p>I bet lots of people stopped buying Apple at $50 as well...... </p><p><br /></p><p>What is the purpose of your PM pile? Mine is to offset financial risk. I do not know if stocks could tank, pm spike, or vice versa, so within a very wide range I try to keep buying slowly over time.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 3980517, member: 26302"]Eh, I buy what strikes my fancy. I know tons of people who have been trying to time the stock market the last decade. Almost every time I heard their plan it sounded logical, then they lost money. One of the cardinal rules of investing is to do the exact opposite of what small investors do because they react too much with emotion. So I use the same logic with bullion. I do not know where it's going, so unless it's at extremes like $1800 gold or $35 silver, I just buy what interest me at the premium. I adjust, like buying mostly platinum lately since I think it's a better relative buy, but just continue. I bet lots of people stopped buying Apple at $50 as well...... What is the purpose of your PM pile? Mine is to offset financial risk. I do not know if stocks could tank, pm spike, or vice versa, so within a very wide range I try to keep buying slowly over time.[/QUOTE]
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