Feb 3 2012, 05:38 PM
QUOTE(Certus @ Feb 3 2012, 03:46 PM)
Hello Everyone,
I came across this thread a month ago and have been following it since and wanted to offer my 2 cents worth. The very first thing I do when I buy is think about selling. I cannot stress this enough. I have been dealing with metals for ten years from futures, equities to the most important- physical. My suggestion is to always know how you will sell. Ask yourself the question what will be the easiest to liquidate? I firmly believe we have 5-10 years to go with the metals, but I am not married to them. There will come a time when I will liquidate all of my metals for another asset- most likely it will be real estate but we shall see. In the mean time we are in for a vicious ride that will attempt to throw us off at every opportunity.
I try to buy after every major flush down. These are usually spaced every 1-1.5 years and are usually proceeded by pushes to new highs with at least three consecutive down days. That is the time to load up. I have been dealing in currencies and metals for so many years and nothing has changed and believe we will hit a minimum of $5000 gold and $120 silver. I am looking for at least a 1:16 ratio of gold to silver before this is all finished. That is the historical ratio of gold to silver and also the ratio that is found in the earth's crust. My suggestion is to buy silver on all major pull backs and to source many places to sell.
Don't be locked into one GBB spot. That is too limiting! Think global like NZ, Australia, Singapore, China and the US. Your goal is to acquire this valuable asset of silver and to always remember that the world will beat down your door to get it.
Support. I came across this thread a month ago and have been following it since and wanted to offer my 2 cents worth. The very first thing I do when I buy is think about selling. I cannot stress this enough. I have been dealing with metals for ten years from futures, equities to the most important- physical. My suggestion is to always know how you will sell. Ask yourself the question what will be the easiest to liquidate? I firmly believe we have 5-10 years to go with the metals, but I am not married to them. There will come a time when I will liquidate all of my metals for another asset- most likely it will be real estate but we shall see. In the mean time we are in for a vicious ride that will attempt to throw us off at every opportunity.
I try to buy after every major flush down. These are usually spaced every 1-1.5 years and are usually proceeded by pushes to new highs with at least three consecutive down days. That is the time to load up. I have been dealing in currencies and metals for so many years and nothing has changed and believe we will hit a minimum of $5000 gold and $120 silver. I am looking for at least a 1:16 ratio of gold to silver before this is all finished. That is the historical ratio of gold to silver and also the ratio that is found in the earth's crust. My suggestion is to buy silver on all major pull backs and to source many places to sell.
Don't be locked into one GBB spot. That is too limiting! Think global like NZ, Australia, Singapore, China and the US. Your goal is to acquire this valuable asset of silver and to always remember that the world will beat down your door to get it.
Think big, think long term and think globally is the key.
Unfortunately some people here will start jumping up and down and calling people "noob" when newly registered member talk about kilo-bars and 100oz-bars...
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They trade it at the face value I guess?
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