Silver & Gold: Buy or Sell?
Written By: Dan Stanley | Posted: Thursday, February 9th, 2012
If there was ever at time when those interested in gold or silver don't know when to buy or sell, it is right now. Granted, all the people selling gold and silver seem to always say it is time to buy! It is always going up in their minds. Up, up, up they say. Some even predict it will go to $10,000 an ounce. Well, maybe, but I do feel at times it is like saying the price of gasoline will up. It will and if I say it long enough, I will be right. The problem is the years in between its low and high prices. Gas was nineteen cents a gallon when I was child, and yes, it eventually got to three plus dollars a gallon, but after forty years.
But trying to decide in an objective way is very difficult, especially at this juncture in our history. Inflation and several other factors are legitimate reasons to believe should have gone up. Well, it has. But is it done going up? Maybe it has reached its peak or maybe it is just in a lull. So what do I do? Two things must be decided. Am I buying it for a hedge (safe guarding my value) or am I buying it to invest. Each demands a different method of approach.
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