Traders--about Gold and Silver ...
 

Hi,

I keep hinting to my wife "as soon as possible we should be trading" or "as soon as possible we should be trading silver and currencies." I think PMs and especially Silver are going to go way up and that it will be a shame if we don't get in on this move. (I heard Warren Buffett took delivery on a bunch of Silver and had it shipped to London for storage.)

There's an article, linked to below, on the bullish possibilities for Gold. It's called BREAKOUT! What do ye think of this article, traders?

Thanks in advance for all replies ...

Best,

- Boyd


http://www.kitco.com/ind/Taf/jul242003.html

I'm bearish on it, due to history
 

I've been a coin collector as well as an investor in the stocks. The bottom line is that you have to buy the most expensive of the coins and hold onto them for 20-30 years for a good return. I have a gold St. Gaudiens bought 15 years ago that's worth about $10 more than when I bought it. Adjusted for inflation, it's a poor investment.

Ditto bullion.

With the stocks, it's a total gamble. Been there, did that, read (and followed) Thomas Calendra's stuff for years and lost enough at those stocks to have me lose interest in the market sector.

If you can buy coins wholesale and tap into the group of people (survivalists) who feel the government will collapse in a few years and the world economy will go down the tubes, you can keep up a consistant business. Coin and jewelry shows can also do well, as can flea markets and so forth.

Might work for day trading. If you love the stocks, take a few hundred dollars and (using Buy And Hold or some other DRIP type broker) play with them. But I personally wouldn't sink that much into them.