Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Do you buy Precious Metals because you don't know how to invest?
>
Reply to Thread
Message:
<p>[QUOTE="desertgem, post: 3400581, member: 15199"]Bullion investing would probably make sense if the holder would SET a reasonable sell price and do so when it happens, then set a reasonable buy price and wait .......to buy at that, rather than a random buy price and repeat. It is not as much fun as randomly buying and selling, but at least your gains would be within your expectations or not at all.</p><p> The public is playing against the miners and the exchanges. The miner only mines when there is too little gold on the market or in exchanges, and the price goes up. Then the bullion dealers proclaim, " The mines are going full force and can't keep up, the price is going to the moon, buy now, now!" So people buy, then the stored gold that the miners , exchanges, and bullion dealers have is cleared at the highest prices, and " rinse, repeat, get rich for the owners routine" repeats. It should be easy to sell on the way up , as most would make money, and buy on the way down, as most would use less money,.... But most do the exact opposites,, which is why most mine owners , bullion dealers, and exchanges are wealthy and most bullion "investors" are not. In the weekend paper, the ad for Federated Mint had 1/2 ounce "Heavy" silver bars stamped California were available for a short time for $59 each with specials for bags......ad was specifically directed to older , uneducated, people to leave a treasure for their grandkids,,,,,,It is companies like that killing bullion investing. Buy for pleasure, not investment. Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 3400581, member: 15199"]Bullion investing would probably make sense if the holder would SET a reasonable sell price and do so when it happens, then set a reasonable buy price and wait .......to buy at that, rather than a random buy price and repeat. It is not as much fun as randomly buying and selling, but at least your gains would be within your expectations or not at all. The public is playing against the miners and the exchanges. The miner only mines when there is too little gold on the market or in exchanges, and the price goes up. Then the bullion dealers proclaim, " The mines are going full force and can't keep up, the price is going to the moon, buy now, now!" So people buy, then the stored gold that the miners , exchanges, and bullion dealers have is cleared at the highest prices, and " rinse, repeat, get rich for the owners routine" repeats. It should be easy to sell on the way up , as most would make money, and buy on the way down, as most would use less money,.... But most do the exact opposites,, which is why most mine owners , bullion dealers, and exchanges are wealthy and most bullion "investors" are not. In the weekend paper, the ad for Federated Mint had 1/2 ounce "Heavy" silver bars stamped California were available for a short time for $59 each with specials for bags......ad was specifically directed to older , uneducated, people to leave a treasure for their grandkids,,,,,,It is companies like that killing bullion investing. Buy for pleasure, not investment. Jim[/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
>
Do you buy Precious Metals because you don't know how to invest?
>
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...