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<p>[QUOTE="passantgardant, post: 1149714, member: 30033"]My bullion is insurance against currency collapse and hyperinflation. To put a number on when to get out is like putting a number on when your house is going to burn down or your car is going to be wrecked. You buy insurance and then hold it to protect yourself against the risk you're concerned about and go on with your life no longer worrying so much about it.</p><p><br /></p><p>I have numbers for my near-term tops and bottoms that I trade around, but as long as we're in a bull market (which is the foreseeable future), I don't lament missing a selling opportunity too badly. I'd be more concerned with having too much fiat money at any point in time, as all fiat currencies are in a sustained and irreparable down trend. So it's best to err on the side of holding precious metals. E.g. in Dec/Jan I sold only a tiny bit, anticipating some weakness, but turned out I should have sold more considering the Feb pullback. Nonetheless, I loaded up in Feb at the better prices and am well up on all of those positions. It would have been far worse to sell in Jan, miss the buying opportunity in Feb, and then not ride the trend upward right now.[/QUOTE]</p><p><br /></p>
[QUOTE="passantgardant, post: 1149714, member: 30033"]My bullion is insurance against currency collapse and hyperinflation. To put a number on when to get out is like putting a number on when your house is going to burn down or your car is going to be wrecked. You buy insurance and then hold it to protect yourself against the risk you're concerned about and go on with your life no longer worrying so much about it. I have numbers for my near-term tops and bottoms that I trade around, but as long as we're in a bull market (which is the foreseeable future), I don't lament missing a selling opportunity too badly. I'd be more concerned with having too much fiat money at any point in time, as all fiat currencies are in a sustained and irreparable down trend. So it's best to err on the side of holding precious metals. E.g. in Dec/Jan I sold only a tiny bit, anticipating some weakness, but turned out I should have sold more considering the Feb pullback. Nonetheless, I loaded up in Feb at the better prices and am well up on all of those positions. It would have been far worse to sell in Jan, miss the buying opportunity in Feb, and then not ride the trend upward right now.[/QUOTE]
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