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<p>[QUOTE="moneycostingmemoney, post: 2805102, member: 86367"]This is a really interesting topic because there are so many angles that this can be approached from. I'm going to take the path less traveled with this one. </p><p>I like silver and I like gold. Do I have triggers for buy and sell on each? I used to. When I looked at metals like stocks. I don't anymore (with gold). When I feel the price is decent (like now) I'll pick some up, but my goal isn't to have a short position in the metal. I buy to sit on it. It's a good hedge. That's not to say that I won't jump on what I feel is a good opportunity. A somewhat-recent victory I had was right before and after brexit. I heard it coming, picked up a bunch of silver and palladium at spot, waited 5 days and dumped it at a great profit. Why not gold? The average person that was unsettled by the environmental change were of lower to middle income. Silver and palladium have been the poor mans gold so if there is something coming that will make them emotional, prices will spike. The same is true for gold to a certain extent, but I can see the movement in silver (moreso) and palladium prices being more drastic than what we see with gold. I haven't really spent the time to understand the gold factors simply because I understand the silver factors enough. Gold just sits as a hedge for me because that's what I'm comfortable with. </p><p>"The time to buy is when there's blood in the streets" would be complete if it stated "the best time to sell metals and buy stocks is when there's blood in the streets." The reciprocal holds true for just before the blood is spilled, historically.[/QUOTE]</p><p><br /></p>
[QUOTE="moneycostingmemoney, post: 2805102, member: 86367"]This is a really interesting topic because there are so many angles that this can be approached from. I'm going to take the path less traveled with this one. I like silver and I like gold. Do I have triggers for buy and sell on each? I used to. When I looked at metals like stocks. I don't anymore (with gold). When I feel the price is decent (like now) I'll pick some up, but my goal isn't to have a short position in the metal. I buy to sit on it. It's a good hedge. That's not to say that I won't jump on what I feel is a good opportunity. A somewhat-recent victory I had was right before and after brexit. I heard it coming, picked up a bunch of silver and palladium at spot, waited 5 days and dumped it at a great profit. Why not gold? The average person that was unsettled by the environmental change were of lower to middle income. Silver and palladium have been the poor mans gold so if there is something coming that will make them emotional, prices will spike. The same is true for gold to a certain extent, but I can see the movement in silver (moreso) and palladium prices being more drastic than what we see with gold. I haven't really spent the time to understand the gold factors simply because I understand the silver factors enough. Gold just sits as a hedge for me because that's what I'm comfortable with. "The time to buy is when there's blood in the streets" would be complete if it stated "the best time to sell metals and buy stocks is when there's blood in the streets." The reciprocal holds true for just before the blood is spilled, historically.[/QUOTE]
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