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<p>[QUOTE=&quot;Rono, post: 1088918, member: 6492&quot;]Howdy all,</p><p>&nbsp;</p><p>Much of what&#039;s been said mirrors my thinking.&nbsp; I&#039;d call myself 1, 2, 3, 4 and etc.&nbsp; I&#039;ve been stashing silver off and on since &#039;64 and was fortunate to mgt restaurants in the mid-70&#039;s and bought a lot of 90% out of the till at face value.&nbsp; I later cashed it in to augment my GI bill when I was back finishing up by BA in Econ in the late 70&#039;s.&nbsp; Started buy again with silver under $5 and in the late 90&#039;s started buying a roll of silver eagles each year and augment that with some Prospectors and 10oz bars.&nbsp; At the time this was the &#039;bullion&#039; portion of my coin collection - part hoard, part stash, part investments, part security blanket.&nbsp; </p><p>&nbsp;</p><p>While this was going on I was becoming more involved as an investor and evolved into a momentum investor.&nbsp; As such, and with my experience in the pm market, I noted the breakout back in 2001/2 and started to invest in paper gold and silver in the form of mining stocks and mutual funds.&nbsp; This was about the time that wifey and I bought our first AGEs at a POG of 335.&nbsp; While continually accumulating, I&#039;ve made addition buys on the dip at ~750 and ~950.&nbsp; </p><p>&nbsp;</p><p>My thinking about precious metals as an investment has really evolved over this time.&nbsp; I&#039;m not of the mind that everyone should hold at least 5% of their wealth in gold and silver.&nbsp; Much more than this is speculative, which is fine as long as it&#039;s acknowledged as such.&nbsp; And this spec play can be paper.&nbsp; I own SLV and CEF - the bullion silver ETF and the Central Fund of Canada which is a closed end fund holding gold and silver bullion at ~55/45.&nbsp; For active plays, securities are easier to deal than a stack of AGEs.&nbsp; &nbsp; </p><p>&nbsp;</p><p>Currently, I&#039;m adding to the physical side because it&#039;s on sale.&nbsp; However, if gold breaks the 200 DMA (~1275), I&#039;ll cut back a little on my spec play.&nbsp; I don&#039;t see this happening and am enormously bullish on gold and silver over most every time period forward.&nbsp; However, until it rebounds, I won&#039;t be adding to my spec position - just holding for now.&nbsp; What I&#039;m looking at are silver mining stocks, particularly juniors (own SLW).&nbsp; A nice way to cover this square is with SIL the silver miner ETF.&nbsp; I&#039;m also looking at some specific nutzoid plays for sh*ts and giggles.&nbsp; I own Fortuna in wifey&#039;s Roth but can&#039;t get it with my deferred accounts and don&#039;t want to own it taxable.&nbsp; Taxable has been Tocqueville Gold TGLDX for years.&nbsp; It&#039;s mixed with a lot of silver and actually holds some physical bullion unlike most pm mutal funds that consist of only mining stocks.</p><p>&nbsp;</p><p>I see silver as undervalued relative to gold and the miners stocks undervalued relative to bullion.&nbsp; After you have your plain vanilla allocation for the pm&#039;s, this is where you can tweak the mix by adding a bit more silver and a few more miners.&nbsp; At least that&#039;s where I see it being most promising.&nbsp; Recall that in 1980 gold peaked at 850 from what 250-300?&nbsp; And silver peaked at $50 from $4.&nbsp; </p><p>&nbsp;</p><p>just some ramblings,</p><p>&nbsp;</p><p>rono[/QUOTE]</p><p><br /></p>

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