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re: Physical silver
Posted on 12/4/14 at 1:56 pm to cave canem
Posted on 12/4/14 at 1:56 pm to cave canem
quote:
It's not that they are great investments in and of themselves just more a hedge against catastrophe. For example I lost nothing in 2009 because I did not sell any stocks, I did gain by selling metals bought for lets say a 10$ average for 45$ average. When you realize a profit or loss can only occur when a transaction actually takes place it becomes clearer. Metals traditionally act in inverse to the stock market and having something available to liquidate at a high to avoid a loss in a different part of your portfolio is a good thing. I would never recommend anyone get too metal heavy in their holdings. IMHO
I understand buying it in the run-up to 2008/09 before things got shitty, but holding it during bill markets missed out on tons of gains
Posted on 12/4/14 at 2:07 pm to Thib-a-doe Tiger
quote:
I understand buying it in the run-up to 2008/09 before things got shitty, but holding it during bill markets missed out on tons of gains
If I thought I could accurately predict market swings I would wait and buy just before it happened but I am not that smart. So I pick it up as I go along. Again not advocating a large metals % in a portfolio just enough that it is there if it is needed. JMHO
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