Gold and Silver is Money - buying dollars?
Uploader Comments (davincij15)
All Comments (68)
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I agree gold and silver will go a lot higher but its going to be a heck of a ride. Central banks all over the world are short dollars like there is no tommorow. When that reverses, your going to see the dollar rally like crazy and gold or silver lose 70% in 2 months. Just be careful with all this stuff but you have the right idea. Most of my money is also in silver. I only buy after crashes.
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i wouldn't even think of selling my pms, these dips are getting smaller and the gains are just starting to get bigger. Even the excuses for dollar rallies are getting pretty rediculous. gold at 1000 dow at 10,000???? maybe its just me but i think i'll wait for the gold/dow ratio is bit closer the to 1 to 1, then i MIGHT sell for an asset that cash flows.
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Can you stagger their orders ? Say a few coins every 2 weeks? No matter what the price, this way they will average in.
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That is how I feel too, Carney, A former Goldman Sachs boy can't let the Canadian dollar go too high or we would have no economy up here to protect.
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Adahondeayenh:
I want to be crystal clear with you. You should have your savings physical gold and silver if you are going to gamble do not buy GLD get into stocks now if you want to gamble. GLD gives you all the risk of a stock and the same value of as hold physical gold. So why risk holding something that can go to zero like a stock when you can hold the real thing that can't go to zero?
It's not logical.
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I have $2000 correction I have $2500 now in mining companies this makes up 1% of my net worth.
they are
IVN
CGLD
CDE
AUY
DROOY
I started with $1200 :)
Should you buy them now? No, wait for a pull back.
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Yeah I agree that GLD has no real gold, and thanks for the reccomendation of RunToGold I will check that out. I only plan on holding GLD till gold hits 1200 or so, at which time I'm going to get into small market cap mining companies for maximum profit.
Have you thought about any mining companies, or do you talk about those in any of your other videos? Thanks
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DXY....75.37
every bodie is selling the dollar
then every bodie else sells the dollar
then everybodie else sells the dollar...
the india rupee
looking good..
take care guys ..
Great video.
If you choose to liquidate some of your gold and or silver position to lock in some profit and again put that capital to work, which I won't do, I'd buy copper with the dollars or rare earth metals. Copper is cheap.
I won't sell my gold or silver as the juice may not be worth the squeeze short term. Its not worth selling, getting stressed and worked up, only to ask yourself 'if' you made the right call. Screw it, its a hold. But I still like copper.
Dow 10,000 anyone? haha
ruleof3 2 years ago
That's how I feel. As for copper, I will do a video soon.
davincij15 2 years ago