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DieCommie


Registered: 12/11/03
Posts: 29,258
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Re: what to do with a lot of gold? [Re: Asante]
#8952587 - 09/18/08 11:38 PM (15 years, 4 months ago) |
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So you will never sell and always buy no matter what the market is like. Thats what I thought.
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Asante
Mage


Registered: 02/06/02
Posts: 86,958
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Re: what to do with a lot of gold? [Re: DieCommie]
#8953167 - 09/19/08 01:56 AM (15 years, 4 months ago) |
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Quote:
So you will never sell and always buy no matter what the market is like.
How do you read my post and come away with the notion that I will never sell and always buy?
Quote:
If I'm dead certain theres going to be a big correction I will sell, fractional or complete. I missed the $1050 --> $750 correction yes. Damn, I was too late on that one. . Fractional unloading at certain prices under certain conditions, my first target being $1200 gold in a reasonable climate. . Gold is steadily going to rise. I really expect the bull market to turn into a bubble at some stage. Prices can get pretty crazy and fast and I'll unload pretty crazy and fast The bubble I expect is where a killing can be made - but I think it will take some years for that to happen. . So: corrections, targets and a bubble.
Isn't this pretty clear?
-------------------- Omnicyclion.org higher knowledge starts here
Edited by Asante (09/19/08 01:58 AM)
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: what to do with a lot of gold? [Re: DieCommie]
#8953202 - 09/19/08 02:10 AM (15 years, 4 months ago) |
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you buy on the lows, predicting where a bottom is is difficult, and sell on the highs...
holding gold or silver is fundamentally a good way to preserve wealth. consider it a savings account that is best to withdraw from when the metals are at high prices.
if inflation continues (which it seems to be) commodities will hold their value relative to the dollar.
thats partially why its more expensive to buy groceries and gas.
holding gold prevents your savings from being inflated (devalued) by the currency.
unless you are confident that the dollar can miraculously succeed, where thousands of other paper currencies have never succeeded, go ahead and watch your 401k and bank account dwindle into nothing.
Edited by Shins (09/19/08 02:22 AM)
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big_laughing_gym
Stranger

Registered: 09/13/08
Posts: 54
Last seen: 10 years, 8 months
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Re: what to do with a lot of gold? [Re: tripp23]
#8968626 - 09/22/08 03:13 PM (15 years, 4 months ago) |
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Gold is up again today.
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