Call around. They will still need to electro refine, so allow for that.
When to to sell silver and gold?
- Thread starter Chris142
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How much percent of your millions is in gold?
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- Jul 28, 2024
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if you're seeing gains in your portfolio over the past 6 months sell. those tv commercials that scare elderly that they won't have enough money to survive and need to invest in metals are a good percentage that fuels the precious metals index. not knocking you or anyone's investing strategies I am not in the gold/silver funds. since 19 I been trading index funds, individual stocks, muni's and target date mutual funds, I am now 38 and seen many ups and downs especially when the market tanked in 07. that was scary to be new to investing and seeing my portfolio dwindle right before my eyes. my friend an old timer from the neighborhood I grew up in was a floor guy in the NYSE he told me many things with investing but the one thing that I always tell myself is when you make a transaction be happy with it good or bad and don't get emotional if it doesn't go the way you planned. for having state and civil service jobs that are not the highest paid I think my portfolio is turning out alright I always take advantage of any additional employer sponsored plans like 403(b) or 457's.
I have a ton of silver coins I'm thinking worth more in silver then the coin
That is not so unusual
Question did not get answered.
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So you sold your ETF or only miners in your gold ETF?
So you have an ETF that holds no real gold. What % of your entire portfolio is this or these funds?
I am NOT asking you to divulge $ figures, I would never do that.
If you don't want to answer, no big deal. Seems odd though, the statement you made.
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I meant in the past I traded paper gold ETFs.
Most of my money is in technology with all the artificial intelligence buzz.
Sell it when your gut tells you it is more likely to drop by 10% than to rise by 10%
Every good investment will be worth more in 100 years than it is now. But I'm retiring soon and need to liquidate as I go. 10 months to go. Maybe less. Taking to my guy on Monday.
Problem is there aren't many good investments. The dustbin of history is full of everything from tulip bulbs to shares of Lucent.
But everyone has to make up there own mind. As long as you have a plan of what to do with the dough - was my point.
Yep, need a plan. If you adopt the easy to understand mentality of not selling because it will be worth more next year, you die a rich man in a poor man's clothes.
I'm struggling with that mentality myself.
I think of gold more as a ballast for my portfolio than an investment. And every so often it spikes up, like this year, and offers an opportunity to realize some gains.
25 years ago I bought a gold-rich precious metal fund and smiled as I watched it triple in value. Didn’t smile so much as I watched it then fall back nearly to my buy point. Missed opportunity, and lesson learned – don’t be greedy.
I loaded up on gold in the past few years (GLD & GDX) and once again am smiling as it hits new highs, but this time I am realizing some of these profits. Trimmed a little when it hit $3,000 an ounce, and a bit more at $3,500. I’ll take a bigger bit more if it hits $4,000, which I believe it has a good chance of doing. It’s currently 14+% of my portfolio so am still enjoying the run, but I will not repeat the mistake of the past. Nobody knows where it will peak, and timing is a losing game.
Bulls make money, bears make money, pigs get slaughtered. Discipline beats greed in the long run.
25 years ago I bought a gold-rich precious metal fund and smiled as I watched it triple in value. Didn’t smile so much as I watched it then fall back nearly to my buy point. Missed opportunity, and lesson learned – don’t be greedy.
I loaded up on gold in the past few years (GLD & GDX) and once again am smiling as it hits new highs, but this time I am realizing some of these profits. Trimmed a little when it hit $3,000 an ounce, and a bit more at $3,500. I’ll take a bigger bit more if it hits $4,000, which I believe it has a good chance of doing. It’s currently 14+% of my portfolio so am still enjoying the run, but I will not repeat the mistake of the past. Nobody knows where it will peak, and timing is a losing game.
Bulls make money, bears make money, pigs get slaughtered. Discipline beats greed in the long run.
Cramer quote?
I prefer Peter Lynch's "Selling your winners and holding your losers is like cutting the flowers and watering the weeds".
Old quote, not sure where I heard it.
That's a good saying. After 40 years of quite successful investing I still know very little about it. I generally buy at the wrong time and when I sell (which isn't often) I generally sell at the wrong time.
The things I've learned so far:
If I invest in something that is rising rapidly, it will stop.
If I invest in something that is falling in value, it will continue to fall.
When I invest in real estate, I can usually get out even after a few years.
The wisest thing about investing I've ever heard was Warren Buffet's summary statement. "In the short run the market is a voting machine. In the long run it's a weighing machine." And by the way, Buffett doesn't invest in gold (or perhaps I should say hasn't invested invested in gold to this point).
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