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re: Physical silver

Posted on 12/4/14 at 1:56 pm to
Posted by Thib-a-doe Tiger
Member since Nov 2012
35460 posts
Posted on 12/4/14 at 1:56 pm to
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 by cave canem
pullarius dominus
Member since Oct 2012
12186 posts
Posted on 12/4/14 at 2:07 pm to
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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