New to PM Bug

[Pm fan]

Hi everyone. I am new to investing in gold and silver bullion. Things seem pretty crazy in the world right now.

Is there ever a bad time to invest in gold?

Is there a smart way to invest in gold?

I've read many of the threads already and picked up some good advice. Nice to meet you all

-pm fan

 

[pmbug]

Hello pm fan, welcome to the forum. :wave:

Bad time to invest? When you don't have any money that can sit for the long term.

Smart way to invest? Buy physical, don't advertise it.

 

[ancona]

Welcome to the boards PMFan. You will find a lot of the information you need right here. If you don't find it, simply ask. Most folks are happy to help you with research.

 

[rblong2us]

Is there ever a bad time to invest in gold?

Yup

just before the monkeys take the price down ........
and theres a few here are able to time this to perfection :rotflmbo:

but you get used to it and in reality there really never is a bad time to buy and hold

welcome aboard

 

[BigJim]

Hi everyone. I am new to investing in gold and silver bullion. Things seem pretty crazy in the world right now.

Yes they are!

Is there ever a bad time to invest in gold?

I don't believe in bad,just sometimes are better than others.

Is there a smart way to invest in gold?

Buy dips & get all the info you can.

I've read many of the threads already and picked up some good advice. Nice to meet you all

-pm fan

Welcome,Glad you're here & best of luck.

 

[Pm fan]

Thanks for the replies and advice. Nice to met you all!

 

[69mach351]

Welcome. There is a lot to learn but everyone here is pretty helpful!

 

[Penn]

buy real physical - buy what you can forget you own. stack it. Its real simple.

Do not do paper, do not churn. If you dont hold it- you dont own it.

 

[Penn]

I track my stuff on a spread sheet.

 

[DoChenRollingBearing]

Welcome PM Fan! We are a pretty congenial bunch here.

I do not time my gold purchases, I buy some when I have money come in.

Physical only! Never sell it, GIVE it away (to your kids, or better: grandkids!).

 

[Unobtanium]

Welcome to the forum PM Fan, it is good to have you with us.

I do not time my gold purchases, I buy some when I have money come in.

Along with the rest of the posters, DoChen gives some good advice. If you are not sure what to do and when to buy, then buy small amounts spread out over a long period of time (dollar cost averaging). Not dollar-cost-averaging was one "mistake" I made in days gone by as an anxious newbie PM buyer.

 

[escobar]

I would day it makes sense to always keep "some" as part of your personal stash, however, when gold trades at 1 to the Dow or matches the monetary base, which would be 10k+ gold I would look to move assets back to high yielding stocks, real estate etc.

 

[Penn]

Do not churn. Dont do it.

Stack for the long term- bit by bit.

 

[ancona]

Do not churn. Dont do it.

Stack for the long term- bit by bit.

With my low DCA, I have flipped over more silver than I can remember. When it gets smashed down, I simply buy it back and keep the vig. My average net is around 18% after shipping, insurance, fees, etc. Not bad for a few weeks of time.

These days, I think less about flipping and more about stacking because I can see the end game in play and don't want to get caught "out".

 

[Penn]

It is easy to psyche yourself out.

The poster is new to the hobby. It is easy to get carried away with formulas, charts, schemes. When the best course is to build the stack bit by bit- steady as she goes.

Leave the razzle dazzle for a day at the casino- for the thrill- but leave your "farm" in tact.

I Sold a few pieces early on- but it has been a while. What you describe Mark is market timing-