posted on Dec, 29 2016 @ 03:15 AM
I think this dip bottomed in the 1122-1125 price point I saw last weekend. If there is another dip before a bull run to the summer, its going to be a
really tight window. I think now is a good time to go in for a large increase in holdings .
As far as stocks vs physical, both are impportant. Physical possession is always the goal, but gold stocks and etf's are key for swift growth in
stable times. Me personally, I remember when the precious metals etf's were first being introduce last decade, I read about it. the ETF are basically
the same Federal Reserve fractional type funds, but for gold. They can be played quicker and for lower premiums. But you have to also leverage
associated fees involved with this method.
I agree stocks are the best thing for lower maintenance growth. Sell profits and get some physical possession at the right time too though. Im in this
long term, and bullion acquisition is a permanent item from my income. I just allocate volume according to the market.
I see it more as, these 100 ounce silver bars will easily get the kids their first cars as they get older. I pay their allowances in portion as silver
with old dimes, quarters, half and whole dollars. Figures since I teach them it is the part of their income that must mandatory be saved. Maybe it
will help them with prom right??? Shoot kid, with what I am teaching you, you better have your own prom money saved up.
plus I am kind of old school about it. I kind of see it more as converting currency
than "investing in gold" .
edit on 12-29-2016 by
worldstarcountry because: (no reason given)