Give it some time. I suspect the reward will be greater than the risk. I'm waiting for the winds of change, to sweep the clouds away. And it's CLOUDY. But, up 2112 today.
The problem I have with gold and silver is tring to sell it later.......seems like most ofvthe places you can sell it give you alot less than the market says its worth.......so just like anything. Its value and what you can sell it for are 2 so times drastically different things
Remember the night the lights went out in NY city? And what happened 9 months later? So multiply that by hundreds. Now, how to invest for a baby boom - Pampers?
Ive expiearanced that too Ben. Ive found you have to price out multiple buyers. I only tried that with a small amount of silver. I managed to get one dollar less than what they sell it for. I think a currency exchange or bank is ware you get real value for it?
Time to inch your way back in i bought Coke at 40$ already up some and a good dividend and everybody needs it to go with their Rum! Pick em wisely ladies and gents. Add to your positions now would be a good time Slowly little at a time now wait for a drop and get some more.
Precious metals are a good hedge against inflation/deflation, but are usually not a great way to make money. A very good friend of mine who is a numismatist (and a very good one with an extensive coin collection) once said to me: "In a case where the economy collapsed, would you rather have 10 pounds of gold, or a can of Peaches?"
I like metals too but there are a lot of Chinese fake silver and gold bars out there now. Buy only from reputable sellers. Some of the people don’t know what they have is not the real deal. Some even counterfiet the sealed hologram packaging. Be careful.
Will the 2T government carpet bombing sustain a bounce back or will it die after it loses that new stimulus package smell?
Silver was $15 / oz back in mid 70's, it's 14.76 today . Not much profit. A co-worker bought gold back in the 80's, paid 1,200 to 1,500 so not much gain either. Now the market at 18k -19k seems like a buy to me. Will it drop some more?
Short bounce but we can't borrow our way to a recovered economy, we have to get back to producing goods/services and there being a demand for them so cash outside of government spending flows again.
Wrote that exactly a month ago. On Wall Street we saw a climb based largely on the flattening of Corona cases in New York and hope that the parade of government stimulus packages would keep us from the abyss. More recently there is oil price collapse and a the bounce is cut short at a half dribble. The oil collapse is symptomatic of a largely still "closed" economy and weak demand. It is apparent to me that with Covid-19 still a strong concern at this point that events and activities normally planned for the summer, and worse, even the fall, are becoming victims of the pandemic. In other words this event is moving further to the right with each passing day and as such my optimism is waning. While still a "buy" as far as 401k stock is concerned, this looks like more of a long haul position. 2020 is not going to be looked back on fondly by a lot of folks at this point.
Gold seems to be a cyclical thing best looked at as a short term investment. I took note of gold in May last year, when it was $1250 and thought I should buy. Didn't. It's $1670 yesterday.
Best hedge with this would be NGC or PCGS graded and slabbed coins. There is an intrinsic value that isnt lost with the price of silver or gold in rare dates, and even common ones will command a small premium over spot when the commodity price drops.
Good luck trying to time the market. Even people who do this for a living have a hard time with that. It's a long term investment. If you don't need the money, this is just a distraction. I've been investing monthly for over 25 years. Sometimes you are buying high, sometimes low.
