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
Gold & Silver Prices in

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


<< Previous article
Rate : Average note :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.
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.
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
MOST READ
March 27, 1980 : Silver Thursday, or the end of the The Hunt Brothers Story - History of Silver - Playboy  (4)
The US Constitution and Money - Michael S. Rozeff - Mike S. Rozeff  (8)
The Gold Bug (Edgar Allan Poe) - Treasures and Gold Fever - Edgar Allan Poe  (13)
What is Money? - Mike Hewitt - Dollar Daze
Most commented articles More... 
TOP RATED
The Gold Bug (Edgar Allan Poe) - Treasures and Gold Fever - Edgar Allan Poe  (13)
Discovery of Governmentium, the heaviest known element - Food for thought - Hat Trick Letter  (18)
The US Constitution and Money - Michael S. Rozeff - Mike S. Rozeff  (8)
Introduction to Economic Sophisms - Frederic Bastiat  (4)
Most commented articles More... 
MOST COMMENTED
100 Items That Disappear First in a Disaster - Beans Bullets Bullion and Bible - 24hgold  (17)
Most commented articles More... 
Latest Comments
‘Real’ Performance Comparison
26 MarChristopherbalz
Question: In the method of figuring inflation referenced, what is the rationale for adding population growth to productivity growth? Sugge...
100 Items That Disappear First in a Disaster
23 Markevthorne
68, 69 probably not that safe - particularly if you're growing your own vegetables - keep a Maine Coon cat instead: does the job automatically.
Farage Interviews Le Pen: “Prison of the EU”
21 Marneville1
BRITANNIA RULES THE WAVES AND NOW BREXIT WAIVES THE RULES. GO FOR IT FRANCE AND RID YOURSELVES FROM THE CHAINS OF IDIOTS. NOT SIN...
How the Fed Operates — And Why It's a Problem
20 Marramasart
In a nutshell, the Fed facilitates the theft of the value of the dollar, as they can control the increase in supply which at the same time inverts ...
How the Fed Operates — And Why It's a Problem
20 Marneville1
With all due respects for outlining how the crooked american Fed works or should work. From all our research we find the following the Fed...
Sparta - Gold prohibition in a collapsing economy
18 Markevthorne
You've answered none of the authors points: your comment is flat rubbish.
America Too Broke to Fix Crumbling Infrastructure? “Bridges, Roads,...
16 MarCameron Waugh1
Just like the leaders of the Bolshevik revolution were not Russians, those formulating belligerent US foreign policy are not Americans, and they ha...
POTUS at SOTUS
16 MarDRGEORGE1
Try explaining that to my patients dying on public waiting lists or getting ripped off by exorbitant private specialist fees!
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS