Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
In the same category

When to Sell Precious Metals

IMG Auteur
Published : February 22nd, 2013
422 words - Reading time : 1 - 1 minutes
( 9 votes, 4.6/5 ) , 1 commentary
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
1
comment
Our Newsletter...


Last week, I was sent an email asking when will be the appropriate time to sell PHYSICAL gold and silver.  After all, the goal is ALWAYS to “buy high” and “sell low,” isn’t it?  Actually, that’s a trick question, as “buy high/sell low” only pertains to investments – NOT savings.  Given that PHYSICAL gold and silver represent REAL MONEY, they should decidedly be classified as the latter.

Throughout the recent Cartel bombing, calls for the “end” of the PM bull have been shrilly cried by the “evil troika” of Washington, Wall Street, and the MSM.  But why wouldn’t they; as gold and silver are the mortal enemy of their fiat-generated power base?  For my entire “TEN YEARS (soon to be eleven) of HEAVEN AND HELL” this process has been ongoing; with each successive episode occurring amidst a still more bullish PM landscape.  Thus, clearly “WHEN TO SELL PRECIOUS METALS” is not now.

In the past, I have given “price targets” for gold and silver.  However, unlike stocks, bonds, and other PAPER investments, they are not dependent on future scenarios.  Instead, I have simply calculated the amount of published money supply and published gold reserves, and did the division.   In other words, they are set in stone; particularly as FAR MORE money has been printed than disseminated…

Audit of the Federal Reserve Reveals $16 Trillion in Secret Bailouts

…and FAR LESS gold is at Fort Knox than purported…

Ron Paul worries Fort Knox gold is gone

Thus, my “price target” of $15,000-$20,000/oz for gold – NOW – is likely vastly too low; as well as my silver “target” of $1,000-$4,000/oz

THE ULTIMATE QUADRUPLE TOP BREAKOUT

Irrespective, my goal is not to “sell” my PHYSICAL gold and silver at those prices – or any dollar-based price, for that matter – until the dying GLOBAL FIAT CURRENCY SCHEME implodes; which it surely will, as fiat currency is a proven Ponzi scheme…

The End of the Fiat Money Era: The Real Ponzi Scheme 

I have no idea when or how the “game” will end; but just as night follows day, Gold Standards ALWAYS follow fiat regimes…

Research Shows ALL Fiat Paper Money Systems Eventually Fail

When it does, it’s IMPOSSIBLE to know how the world will transition to REAL MONEY; only that it WILL!  Thus, to those owning PHYSICAL gold and silver; relax, as you have already won.  And for those that don’t, the recent Cartel attacks provide the perfect opportunity to…


Read the Tuesday Afternoon Wrap-Up for 2/19/2013 and the Wednesday Morning Commentary for 2/20/2013


Companies Mentionned : Metals X |
<< Previous article
Rate : Average :4.6 (9 votes)
>> Next article
Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
Latest comment posted for this article
Is the author really serious with continuous doomsday rants? 1000.00/oz silver??? Never been up to 100 let alone 1000! If given enough time I suppose but the author will miss out in his lifetime. Read more
sonajr - 2/22/2013 at 4:55 AM GMT
Top articles
Latest Comments
The Crash of the Bank of the Uni...
01 Augsam_site
AN ASTOUNDING EXPOSURE What no one recognizes to this day is that the Fed stole America's gold and shipped it to Germany causing b...
Iran Agreement Boosts Peace, Def...
29 JulArtboard
A US Naval vessel shot down an Iranian Passenger Jet with 300 passengers, over the Persian Gulf on the 3rd July 1988, they mistook it for a Fighter...
Will Uncle Sam Confiscate Gold A...
31 Julovertheedge
"... , generally larger amounts would be safer stored in the safest vaults in the world and in the safest jurisdictions in the world." An...
Gold market liquidity and manipu...
29 JulPD
Bron, I was wondering if the planned Allocated Bullion Exchange (ABX) would have any impact on the liquidity of the Gold market. Would it not at le...
Is the gold price manipulated?
29 Juldanzas1231
This article is a joke. Please stop writing baseless garbage. There is enough real evidence of the things you're still calling conspiracy. GATA hav...
Is the gold price manipulated?
28 Julkeith952
... if one takes the dumping of an usually high tonnage of gold at an illiquid time in the gold market aka the Monday one week ago - then such 'b...
Gold Reserves and GDP: China is ...
30 JulWilliam Tan
Shakespeare was right; "The world is a stage." Unfortunately we have all the bad actors acting at once.
Iran Agreement Boosts Peace, Def...
28 Julsonora69
You have a point. The 2003 Iraq invasion is mostly now considered an ill-advised and unjustified destabilization, with regional & political consequ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Vena Res.(Ag-Au-Cu)VEM.TO
Provides Update With Regards to the Arbitration Concerning the Azulcocha West Project and Enf
CA$ 0.04-35.71%Trend Power :
Exploration and drilling
Rockwell(Cu-Gems-Ni)RDI.TO
Announces Delay in Annual Meeting and Meeting Date
CA$ 0.20-2.44%Trend Power :
Corporate news
Eldorado Gold(Au-Fe)ELD.TO
Reports 2015 Second Quarter Financial and Operational Results
CA$ 4.50+11.39%Trend Power :
Financials
Endeavour Financial(Ag-Au-Co)EDV.TO
Mining Q2 2015 AISC/oz of $898, Profit of $33M And $20M Debt Payment in July
CA$ 0.51+8.51%Trend Power :
Corporate news
Mawson Res.(Au-Ur)MAW.TO
Restarts Drilling at the Palokas Gold Prospect in Finland
CA$ 0.17+6.25%Trend Power :
Corporate news
Goldcorp(Cu-Le-Zn)G.TO
Achieves Record Quarterly Gold Production; Updates 2015 Cost Guidance
CA$ 17.45+6.01%Trend Power :
Production
Claude Resources(Au-Cu-Ngas)CRJ.TO
Provides Date for Q2 Results and Conference Call
CA$ 0.65+3.17%Trend Power :
Corporate news
Richmond Min.(Ur-Au-Gems)RMD.V
- Exploration Update
CA$ 0.09+0.00%Trend Power :
Corporate news
Arianne Phosphate(Ur-Mo-Ti)DAN.V
Extends the Term of Warrants
CA$ 0.88+2.33%Trend Power :
Financings
Anaconda Min.(Au)ANX.TO
Reports 12.83 g/t Gold Over 4.38 Metres and 8.55 g/t Gold Over 4.97 Metres from Channel Sampl
CA$ 0.05+25.00%Trend Power :
Corporate news
Comments closed
  All Favorites Best Rated  
Is the author really serious with continuous doomsday rants? 1000.00/oz silver??? Never been up to 100 let alone 1000! If given enough time I suppose but the author will miss out in his lifetime.