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Ablist
Reputation Activity
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Ablist reacted to vand in Pep talk: don't sell your PM now
I'm going to BUMP this topic every time gold or silver hit a new high, as a reminder for people to SIT ON THEIR HANDS. Do not try to be greedy by dancing in and out of your main position to juice your returns by the extra half percent or whatever you think you can snatch.
Accumulate, ride out the small weekly and monthy gyrations, and cling on for the mindblowing bull market ride of a lifetime where the total returns will be many hundreds of percent. You DON'T want to be one one saying "I wish I hadn't tried to be clever and sold out so early" 5 or 7 years from now.
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Ablist reacted to goldmember44 in Pep talk: don't sell your PM now
The thing with holding physical gold is, the only risk there really is, is if someone steals your goods. Prices may go up and down, but because you own the gold, you will never receive a margin call from a broker, wanting more cash to maintain your gold holdings... hence if you are in it for the longer haul, it is a nice and peaceful investment, you don't have to lose sleep over it. I certainly don't. If the price goes down, it makes me happy because then I can buy more gold for cheaper. And if it goes up... well then my net worth increases along with the gold I already own. So as far as I'm concerned it's a win-win scenario. Gold is also very liquid and you will always find a buyer for your gold, for more or less spot price, if you ever needed cash for an emergency. I remember when I dabbled in the stock market, I was a nervous wreck and watched the prices all the time.
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Ablist reacted to 5huggy in Pep talk: don't sell your PM now
I HOPE LIKE HELL we don't see this awful scenario - -
but do see it is a possibility or at the very least (as you've alluded to @HawkHybrid) a debasement!
Inflation is any Governments surreptitious method to slowly remove their own debts ( Created on the peoples behalf Phhhh! - )
ITS A HIDDEN TAX in that most people NEVER SEE IT!!!
SO I HEDGE with the alternative of "PM's"
and the bonus is I enjoy the creation of - - - >>
MY OWN COLLECTION (No one else is going to have exactly the same as me! )
By way of example - - I would not mind "betting" I am the only one on this forum that has one of these! Its an awesome solid lump of 4.75oz Ag
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Ablist got a reaction from 5huggy in Pep talk: don't sell your PM now
I agree. If you want to make money in PMs short term flip proofs and Numismatics. Hold your Bullion. I feel richer already hehe
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Ablist got a reaction from goldmember44 in Pep talk: don't sell your PM now
I agree. If you want to make money in PMs short term flip proofs and Numismatics. Hold your Bullion. I feel richer already hehe
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Ablist got a reaction from Frost in GOLD DEALS - (USA & Canada) See a deal, post it here
Man you guys find a lot of good ones!
Added 0 minutes later...
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Ablist reacted to Frost in GOLD DEALS - (USA & Canada) See a deal, post it here
1/4 gold Eagles %1 over melt https://www.gainesvillecoins.com/1-4-oz-american-gold-eagle-$10-dates-of-our-choice/dd/598
1 oz South African gold Krugerrand $9.99 over spot https://bullionexchanges.com/1-oz-south-african-krugerrand-gold-coin-random-year
1 oz American gold Eagle $11.99 over spot https://www.providentmetals.com/1-oz-us-american-gold-eagle-coin-dates-our-choice.html