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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 10/08/2009 : 11:49:15
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The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 10/08/2009 : 12:03:53
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| IMO the train left the station long ago! Buying in now at the all time high because you think it might go higher is a tough pill to swollow. Hence the phrase buy low, sell high! |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 10/08/2009 : 12:11:17
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quote:
Originally posted by Copper Catcher
IMO the train left the station long ago! Buying in now at the all time high because you think it might go higher is a tough pill to swollow. Hence the phrase buy low, sell high!
It could be that buying at $18 silver IS BUYING LOW. We shall soon see if a precipitious dollar decline is about to happen. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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fb101
Administrator
USA
2856 Posts |
Posted - 10/08/2009 : 17:18:31
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This is a surprisingly strong move. Hard to call, but it's important to stop thinking short term. You could buy at $1100 and gold drops back to $900. But the fundamentals seem to say that eventually $1000 gold will be the good ole days.
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Edited by - fb101 on 10/08/2009 17:18:47 |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/08/2009 : 17:24:13
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quote:
Originally posted by Country
quote:
Originally posted by Copper Catcher
IMO the train left the station long ago! Buying in now at the all time high because you think it might go higher is a tough pill to swollow. Hence the phrase buy low, sell high!
It could be that buying at $18 silver IS BUYING LOW. We shall soon see if a precipitious dollar decline is about to happen.
Right now I don't think there is a bad time to buy either gold or silver as long as it is with money that you aren't likly to need in the near future. Sure, we all want to buy at the lows or at least not at a short-term peak, but even if the dollar pulls off a short-term recovery its long-term outlook still appears to be bleak.
To me the real question is when should one sell? If gold or silver doubled in price over the next few months would they then be in a bubble? Or would it be just the start of the beginning of the 'end'? |
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Think positive. |
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n/a
deleted
478 Posts |
Posted - 10/08/2009 : 17:50:52
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| Sell HALF when the purchase price has doubled PLUS 28% to cover the capital gains tax. Example. You bought 100 ounces of Silver at $10/oz. Sell HALF when it hits $23 or $24 and ounce. The rest is all gain. Then you are playing with house money. |
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