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Old 04-28-2008, 10:12 AM   #1 (permalink)
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Precious Metals

Any thoughts on whether buying gold or silver would be a good investment, at this particular time?

Some feed back.
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Old 04-28-2008, 10:17 AM   #2 (permalink)
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What types of quantity are you talking about,the odd gold coin here and there or what ???
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Old 04-28-2008, 12:03 PM   #3 (permalink)
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No, I'm talking a substantial investment. Going liquid on some of my other investments and dropping it all down on some metal. I've been doing some technical analysis on historical charts, and it looks like it may be time to get in.
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Old 04-28-2008, 12:15 PM   #4 (permalink)
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Quote:
Originally Posted by zeroguy View Post
No, I'm talking a substantial investment. Going liquid on some of my other investments and dropping it all down on some metal. I've been doing some technical analysis on historical charts, and it looks like it may be time to get in.
That means something different to each person.

I started buying Silver at $7 per ounce and stopped at $10

I bought a little gold at $550-$600 and ounce and stopped

I have a significant amount of silver (in my mind) and very little gold. Are you comparing your historical (price) charts to economic models? In my personal opinion (based on my research of the markets) we have seen a relative bottom to the financial markets (has not been tested) so the only other consideration is the dollar (in my mind).

Again in my opinion precious metals are a great investment during a down turn in the economic cycle but you have to also consider that their is a great deal of risk (historically) when it comes to rapid pricing changes.

blah blah blah...

Gold is a little too expensive for my blood (at this time) so I can not recommend that.

Silver on the other hand has a much more stable pricing structure (historically) and it has a lower price point. (less risk)

If you are trying to hedge against another economic downturn (if in your opinion you see one coming) then you may not be adverse to a risky investment in gold.

again... blah blah blah...

I'm not buying either right now but if I was to buy one or the other I would buy silver.

*I'm not a financial planner so this advice is simply my opinion. There is no substitute for your own research and decision making abilities.
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Old 04-28-2008, 12:20 PM   #5 (permalink)
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I think you could be right about that,i think it will continue going up for some time yet as China is buying what ever it can get it its hands on.
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Old 04-28-2008, 03:05 PM   #6 (permalink)
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Gold has gone up as the dollar has gone down. It's more a fluctuation of currency than gold. Gold prices fluctuate wildly; it would be a good long-term investment. Not sure why you would want to buy while prices are high though, unless you're buying in Euro's or Yen.
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Old 04-29-2008, 06:11 PM   #7 (permalink)
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Gold is very high right now. I just got a pair of engraved cuff links, the head of them is about the size and thickness of a dime. $900. They look great, but the cost is ridiculous right now.
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