Gold and silver bounce back

As we knew it would. To those who bought in the dip congrats. I think in the long run it will pay handsomely. The problem we Yanks have is we always expect quick returns no matter for what. When the bases are loaded we dont just want a single or a fly ball that allows one run in. We want our food fast. We want to get to work fast. We want everything quick and were always riding the razor to get it done.

This social construct is partly a reason Americans, and America, have been so successful. We strive to always improve ourselves and increase our wealth. But its the wrong way to think about buying PMs. With gold and silver you have to take what the Asians call "the long view" and its a big reason why the Chinese, Japanese, South Koreans...ect have been such successes. They look at gold and silver and try and predict what it will look like 10 years down the line or more and dont get shook up over neither the dips nor the rises.

I know I'm someone who has to watch hisself because I love looking at gold and silver, silver especially, and will buy a lot when I perceive theres a dip. Even worse I'll try to anticipate a very difficult to anticipate market. And I just love a long line of FedEx and USPS trucks waiting to deliver. But this has been a rather exciting week by all accounts and I have little doubt silver will continue to rise with so much demand and not enough supply.

Gold.is strong and you can't go wrong. I missed the dip looking for another $50 drop. Just goes to show how the whipsaw functions and I know nothing.

nickndfl said:

Gold.is strong and you can't go wrong. I missed the dip looking for another $50 drop. Just goes to show how the whipsaw functions and I know nothing.

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Yeah I should have bought during the dip too. But gold prices leave me weak in the knees, even in the best of times. $3,272 is still a lot of money to a serf like me.

I look back at metal I acquired more than 5 years ago and I have no idea whether they were bought on a dip or a local high. It doesn't really matter to me. They are ounces in my stack.

pmbug said:

I look back at metal I acquired more than 5 years ago and I have no idea whether they were bought on a dip or a local high. It doesn't really matter to me. They are ounces in my stack.

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Wise words. Heck I'm not even sure what I paid except for the gold coinage and I remember a certain Eagle because I paid $3,395 for it and then cursed myself for reacting like that over an attack on Iran when I knew individual military actions mean little to the market. Most of all when the country being bombed has known such attrition and has little power for payback or sustained retribution. In fact the very day after I bought prices plummeted.

I wasn't mad over losing $90 or so bucks ; I was mad over the misread of the military balance which is supposedly my strength and instead I panic bought. Never a smart move. I made the money back anyways like you always do with gold but even now I dont know how to read the current prices. $3,400 to $3,500 is a lot of money for a 1 oz coin even tho I know deep down the metal is worth it over the long term.

The gold Euro-Sovs are another very good investment at a good price.https://bullionexchanges.com/gold-at-spot-100-corona-austrian-gold-coin-au-bu-random-year

I always wanted a gold Libertad. Maybe one day.