Knowing when to say When

[Xizang]

I'm wondering what you think the optimum amount of silver (and/or gold) is. How many ounces do you think is enough, before you decide to stop buying?

[sirgonzo420]

As Michael Jackson so eloquently put it:

"Don't stop 'til ya get enough"

[palani]

How many ounces do you think is enough, before you decide to stop buying?[/B]

The precise amount is $5 in pre-1913 gold and $21 in 90% silver specie. Any amount above this is excess.

[osoab]

I'm wondering what you think the optimum amount of silver (and/or gold) is. How many ounces do you think is enough, before you decide to stop buying?

http://www.youtube.com/watch?v=gfLD-7bCtME

http://www.youtube.com/watch?v=gfLD-7bCtME

[Book]

How many ounces do you think is enough, before you decide to stop buying?



Kinda nosy Joe.

[zap]

Kinda nosy Joe.

Depends on how much cash you want to hold, if I had a million dollars I would put 500,000 in gold and silver.

[BrewTech]

Kinda nosy Joe.

Ya think?

I'll admit the thought had occurred to me.

[Xizang]

Kinda nosy Joe.

Okay, maybe I should have asked your neighbor down the street. Or maybe your ex-wife. Or the cashier at the McDonald's drive-up window. Seemed like an appropriate question. Geez, some people are really paranoid, aren't you?

BTW: Name's Tom.

[Blink]

PM's (IMO) are a hedge against currency manipulation. Since the world continues to print fiat and expand/devalue its worth, I personally buy as much as I can afford. Don't subscribe to RSP or 401's or any other paper promise from Wall Street or markets or government. "I" believe when (not if) the world monetary markets collapse, then the more you have in "real" assets the better off you'll be. I haven't stopped buying, I just don't buy as much (price increases in fiat). Its a preservation of your hard earned wealth and combats the disintegrating value of fiat currency that everything is based upon. IMO, there is never enough............

[gunDriller]

i would say, 50% to 80% of your liquid assets.

50% if you are into the stock market, which obviously implies that you have the ability to recognize value in a highly manipulated market.

for example, i would say that Micron Technology (maker of solid-state drives & computer memory) is much more valuable tech company than Facebook. yet Facebook's market cap is about 10 times that of Micron.

one of the reasons i say this, half of the cost of a computer i recently bought was for memory & solid state drives. so i see value there - but not enough to buy the stock.


the answer lies partly in when you need access to the funds. for example, i bought a small amount of silver during last Thursday's dive. it was in stock and the prices were good.

BUT, i don't expect to need that money for 5 or 10 or 20 years.

for holding liquid assets for the short term, i think gold is better because it fluctuates less.


if you put a lot of money into silver in the $30 to $35 range, and have to sell it to pay bills when silver is @ $26, that can be quite dis-spiriting. it's important to have enough cash & gold to cover expenses so you don't sell silver into a 'down' market.

[Xizang]

...for holding liquid assets for the short term, i think gold is better because it fluctuates less.


if you put a lot of money into silver in the $30 to $35 range, and have to sell it to pay bills when silver is @ $26, that can be quite dis-spiriting. it's important to have enough cash & gold to cover expenses so you don't sell silver into a 'down' market.

Good thought. I like how you're thinking. But I've been buying silver, as it's always so cheap compared to gold. I would love to swap some surplus silver for gold. But that would have to be when the gold-silver ratio is right for turning silver into gold. If only I knew where to look to monitor the ratio...

[BrewTech]

Okay, maybe I should have asked your neighbor down the street. Or maybe your ex-wife. Or the cashier at the McDonald's drive-up window. Seemed like an appropriate question. Geez, some people are really paranoid, aren't you?

BTW: Name's Tom.Nicetameecha. My name's Frank. Frank Johnson. You may know me from my days in porn in the the late 90's.

[Xizang]

Nicetameecha. My name's Frank. Frank Johnson. You may know me from my days in porn in the the late 90's.

Yeah, good to see you again Frank. I didn't recognize you. Shrunk a bit, didn't ya?

[Shami-Amourae]

I'm wondering what you think the optimum amount of silver (and/or gold) is. How many ounces do you think is enough, before you decide to stop buying?

None until you get your essentials squared away. Gold/Silver are meaningless if you don't own water filters, water storage, food storage, fuel, medicine, weapons, knowledge how to use the weapons, hygienic products, cash (on hand), radios, energy generators, toilet paper, more toilet paper, and so on. You should also get out of debt first if you can.

Personally I think Silver is a good deal under $40. Over $40 I probably will stop buying, but it's wise to have a good position in cash. Anytime the Silver/Gold ratio is over 40:1, I buy Silver, and when its below 40:1 I buy Gold. Focus more on the essentials first, and THEN worry about Gold/Silver.

I don't have an answer to your main question since I don't know either. Cash is currently king, and for all we know, it may be the safest investment during this whole collapse.

[Xizang]

If you mean US Dollars when you say 'cash', I'm thinking that might not be such a good idea. It seems that other major nations are peeling away from the US Dollar as the international currency...

http://blog.goldbullionpanama.com/2012/06/23/brazil-and-china-sign-currency-deal/

[steyr_m]

Kinda nosy Joe.

Good call. I'll have to look at his writing prose more carefully to be sure.

[Shami-Amourae]

If you mean US Dollars when you say 'cash', I'm thinking that might not be such a good idea. It seems that other major nations are peeling away from the US Dollar as the international currency...

http://blog.goldbullionpanama.com/2012/06/23/brazil-and-china-sign-currency-deal/

I mean physical paper dollar bills on hand. If the banking system collapses people will still operate on paper money for a while. Why? Since it's what they know and trust. No one will accept Gold/Silver unless its a barter group like in Kalispell, MT or something like that.

[osoab]

http://www.youtube.com/watch?v=xRhPfZm7OY4

http://www.youtube.com/watch?v=xRhPfZm7OY4

[Xizang]

Good call. I'll have to look at his writing prose more carefully to be sure.

Good call. It's me! I've always been me. You have it all figured out now.

[Buddha]

It all depends upon what your goals are. Sometimes we have to do things for ourselves, others don't know you as well as you do. LIke GDriller said, you dont want to buy Silver @ 34 then have to sell for 26, buy it whether gold, silver, palladium, copper, I don't give a shit buy as much as you can on dips, but make sure that you have enough cash/liquidity around so that you wont have to sell your PM's in the immediate future.

I just sold a few ounces silver to cover some bills in this tough time. It was ok because I bought most at $8-10, and sold for $28. It's "ok" but it isn't because I see MUCH more of an upside. Things don't always work out that way though. There are very real chances that we can see silver under 20 15-20 range. Just my gut after having been in this for 6 + years, and for all of it it's been "to da moon!" Keep rationality in mind. It's a collection of molecules like anything else.

Is it all in the dollar?

[gunDriller]

I just sold a few ounces silver to cover some bills in this tough time.

me too, i sold one ounce of silver to help pay for a ski trip, and another to help cover one month's bills.

it's what it's for.

sort of like going to the ATM and withdrawing money. except you go to a coin dealer instead.

[Xizang]

I'm sorry to hear that, guys. You gotta do what you gotta do. Sometimes you have to take one step back in order to take ten steps forward. Hang in there.

[Skirnir_]

I prefer to imagine the metals portfolio as an egg. The shell is gold, as it is most liquid and least volatile. Inside there are the volatile industrial metals i.e. silver, palladium, platinum. When the egg drops, the gold shell should absorb the blow.