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When to Sell Precious Metals

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Published : February 22nd, 2013
422 words - Reading time : 1 - 1 minutes
( 9 votes, 4.6/5 ) , 1 commentary
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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


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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
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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.