Discussion in 'Bullion Investing' started by icollectoldmoney, Mar 6, 2015.
CROSSES FINGERS WE SEE GOLD AT $800
Log in or Sign up to hide this ad.
I started a few ago about the same as you are. I bought some gold as well, although I have much, much more silver.
I'm not sure if you are aware of the gold to silver ratio or not. If you are set on buying up precious metals (which I understand why you would be, you have decades to accumulate and wait for higher prices or dare I say dollar collapse), then you should probably buy silver instead of gold until the ratio comes back down. Historically the ration is around 1:15 - 1:20, which means that it takes 1 oz of gold to get 15 oz (or 20) of silver. For the past couple years that ratio has been around 1:70ish.
Just buy periodically....don't try and figure out when or where is the bottom, billionaires with 100 staffers and super-computers can't do it.
Just buy periodically...every month, every 3 months...whatever.
Also save $$$ for stocks and bonds !
You HAVE to let time and/or volatility work for you, not against you.
Unless you can afford the risk and/or have plenty more $$$, you never want to 'load up' on ANY financial asset that quickly.
That's not investing, it's speculating.
Refiners have not been helped by OPEC. Refining for most of the 1980's and 1990's stunk as a business, contrary to moronic politicians who never read a balance sheet.
Beware the Cushing Glut !
No, WTI moved from $43 to $54 -- that's why gasoline moved up. Also, we are moving out of shoulder season.
SA isn't cutting production. Too much stuff is going to flood the markets above $80/bbl, at least 10 mmbbl./d by my estimates by 2020.
I never bought real silver bullion but nice old silver coins, like BU Morgan dollars, and other more collectible coins. I agree with what you say, I should have spread out my buying and wait for silver to go a little down. The problem was that I was new to the hobby and stupid at the time, I never looked at any charts or anything.
I guess after being in the hobby for a little time I can make better decisions on investing.
They make me want to buy silver! Maybe some gold too. This seems like a good idea to me. Now if my refi comes in I'll be able to buy more than my initial thinking.
Technically they aren't making any more gold and silver. Just haven't found it all yet.
Stick to Quality and scarce that have no relation to bullion. Consistently gone up in vale over the last 40 years I've been trading, you can also sleep better at night
The reasons the prices went down is b/c of the reasons below. It's not a big deal, after all we are about to start wompin' on ISIS within the upcoming year. Time will tell where the prices end up, don't listen to a bunch of opinions from an open forum. Could be some of the people are robots.
Stronger-than-expected U.S. jobs report weakens Gold
ECB raises 2016 inflation forecast, sparking movement
Actually, you're not stupid...I see lots of people making the initial error of plunging too deeply with investing. With tangible assets like coins, it's that much more addictive because unlike stocks and bonds, you can hold your investment in your hands.
Making mistakes is actually GOOD as long as you learn from them. Trust me, I made my share of doozies over the years but I did learn and am that much the better for it.
Separate names with a comma.