Buying Gold or other precious metals

[Mohawk600]

Second on the ammo...........gold and silver as well.........I use APMEX

 

[leVieux]

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The problem with both AU & AG is that there are large financial institutions, even nations, in the same markets. Their professional market & segment analysts stay a few steps ahead of us individuals.

Then, many people do panic buying, driving prices even higher.

Platinum & Palladium just don’t see the panic buying, and large investors are in them very long term.

Remember that the way to make a small fortune in the metals markets is to start with a large fortune. Just ask the Hunt Brothers of Dallas.

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[leVieux]

I hear that. I'd started contemplating buying some gold bullion around mid-February. Then it started climbing and I held off. The spot price quickly jumped $150 before the end of March. Now it's been hovering up around $2,410 and as high as $2,470 since the beginning of July. So I've been sitting on my thumbs.

Platinum does look a lot more attractive looking at the trends, but I know nothing about it. Guess I need to get in gear and do some research. 'Course, my history of investing speaks to the adage, "Buy high and get stuck with it." I also got in on the IPO for the DNA testing company 23andMe and felt pretty good about getting shares at just over $10. Now it's a penny stock and closed today at 37 cents.

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I was like that when I showed up in Geneva with my life savings and bank introduction letters.

I learned a lot in those weeks.

The Swiss saw right-through Obama & Geithner; they despised them both.

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[Mohawk600]

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The problem with both AU & AG is that there are large financial institutions, even nations, in the same markets. Their professional market & segment analysts stay a few steps ahead of us individuals.

Then, many people do panic buying, driving prices even higher.

Platinum & Palladium just don’t see the panic buying, and large investors are in them very long term.

Remember that the way to make a small fortune in the metals markets is to start with a large fortune. Just ask the Hunt Brothers of Dallas.

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I'm hoping somebody will make another Hunt brothers play.........I've got silver to sell at $50/oz

 

[leVieux]

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If considering really long term:

My Grandfather bought a new home in 1935 for $750.

I sold that home in 2010 for. $100K.

And it was far from any ”hot” housing market.

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