Precious Metals Forum

Go Back   Precious Metals Forum > Bunker Talk > STS > Introductions

Like Tree6Likes
  • 3 Post By Pm fan
  • 1 Post By rblong2us
  • 1 Post By Unobtanium
  • 1 Post By ancona

Reply
 
LinkBack Thread Tools
Old 06-23-2012, 11:19 AM   #1
n00b
 
Join Date: Jun 2012
Posts: 4
Liked: 3 times
New to PM Bug

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
Pm fan is offline   Reply With Quote
Old 06-23-2012, 11:31 AM   #2
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 6,978
Liked: 2438 times
Hello pm fan, welcome to the forum.

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.
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 06-23-2012, 11:33 AM   #3
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
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.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 06-23-2012, 12:40 PM   #4
Yellow Jacket
 
rblong2us's Avatar
 
Join Date: Nov 2011
Location: off world
Posts: 1,956
Liked: 869 times
Originally Posted by Pm fan View Post:
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

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

welcome aboard
ancona likes this.
__________________
if it cant be done with a digger .... it cant be done
rblong2us is offline   Reply With Quote
Old 06-23-2012, 01:53 PM   #5
Predaceous stink bug
 
Join Date: Apr 2012
Posts: 187
Liked: 131 times
Originally Posted by Pm fan View Post:
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.
BigJim is offline   Reply With Quote
Old 06-23-2012, 02:32 PM   #6
n00b
 
Join Date: Jun 2012
Posts: 4
Liked: 3 times
Thanks for the replies and advice. Nice to met you all!
Pm fan is offline   Reply With Quote
Old 06-23-2012, 06:22 PM   #7
Predaceous stink bug
 
Join Date: Jun 2012
Location: In the middle
Posts: 179
Liked: 42 times
Welcome. There is a lot to learn but everyone here is pretty helpful!
69mach351 is offline   Reply With Quote
Old 06-23-2012, 07:09 PM   #8
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
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 is offline   Reply With Quote
Old 06-23-2012, 07:15 PM   #9
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
I track my stuff on a spread sheet.
Penn is offline   Reply With Quote
Old 06-24-2012, 01:35 PM   #10
PM Bug Supporter
 
DoChenRollingBearing's Avatar
 
Join Date: Oct 2011
Location: SE USA
Posts: 1,275
Liked: 691 times
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!).
DoChenRollingBearing is offline   Reply With Quote
Old 06-24-2012, 05:48 PM   #11
Big-eyed bug
 
Unobtanium's Avatar
 
Join Date: Nov 2011
Posts: 451
Liked: 344 times
Welcome to the forum PM Fan, it is good to have you with us.

Originally Posted by DoChenRollingBearing View Post:
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.
rblong2us likes this.
Unobtanium is offline   Reply With Quote
Old 06-24-2012, 06:38 PM   #12
Predaceous stink bug
 
Join Date: Nov 2011
Posts: 154
Liked: 54 times
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.
escobar is offline   Reply With Quote
Old 06-24-2012, 08:42 PM   #13
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
Do not churn. Dont do it.

Stack for the long term- bit by bit.
Penn is offline   Reply With Quote
Old 06-25-2012, 11:40 AM   #14
Yellow Jacket
 
ancona's Avatar
 
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
Originally Posted by Penn View Post:
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".
dali lambone likes this.
__________________
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 06-25-2012, 03:27 PM   #15
Yellow Jacket
 
Penn's Avatar
 
Join Date: Apr 2012
Posts: 1,566
Liked: 249 times
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-
Penn is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 02:34 AM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.