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<p>[QUOTE="myownprivy, post: 3999252, member: 84588"]What do you mean by "high?" </p><p><br /></p><p>I think there are a few ways to assess this:</p><p><br /></p><p>1) A person is someone with special knowledge of the PM markets and/or global markets. With this information, they believe gold and silver they are overvalued, and thus are not buying due to the inflated price.</p><p>2) You are not someone with specialized knowledge but a layperson who simply follows PM prices and buys occasionally. For you, these prices are just too much to justify (much in the same way as you could be someone who says "there's no way in hell I'll pay $4 for a cup of coffee" or "we won't take this road trip until gas falls under $3." Those strict, frugal views may be good for your bank account, but they aren't necessarily based on any particular knowledge of why oil is high or if coffee beans are expensive or if the shop just overcharges. </p><p>3) You are some who believes PMs should not be more than 5-20% of your assets. When gold approaches $1600 and silver passes $18, your holds of gold and silver risks passing your predetermined ceiling. In that case, you see no reason to buy.</p><p><br /></p><p>I am a little bit of all three, but mostly a bit of 2 and 3 (as, admittedly, almost all of us are. Few of us have any specialized knowledge of PM markets).[/QUOTE]</p><p><br /></p>
[QUOTE="myownprivy, post: 3999252, member: 84588"]What do you mean by "high?" I think there are a few ways to assess this: 1) A person is someone with special knowledge of the PM markets and/or global markets. With this information, they believe gold and silver they are overvalued, and thus are not buying due to the inflated price. 2) You are not someone with specialized knowledge but a layperson who simply follows PM prices and buys occasionally. For you, these prices are just too much to justify (much in the same way as you could be someone who says "there's no way in hell I'll pay $4 for a cup of coffee" or "we won't take this road trip until gas falls under $3." Those strict, frugal views may be good for your bank account, but they aren't necessarily based on any particular knowledge of why oil is high or if coffee beans are expensive or if the shop just overcharges. 3) You are some who believes PMs should not be more than 5-20% of your assets. When gold approaches $1600 and silver passes $18, your holds of gold and silver risks passing your predetermined ceiling. In that case, you see no reason to buy. I am a little bit of all three, but mostly a bit of 2 and 3 (as, admittedly, almost all of us are. Few of us have any specialized knowledge of PM markets).[/QUOTE]
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