orkrious,
I agree that trying to time it is difficult; case in point would be today....got a nice wackin in the PM fund. I'm considering buying a little PAAS and maybe a few others on this dip to get a more leveraged return relative to POG/POS, but the problem is that I could be gone for a week to ten days and have little opportunity to manage the position.
I'm taking a long term perspective with the bullion. Just buy it, hold it, and let the excess in our economy play out a bit. I am not expecting a meltdown where I'll be using 40 and 90% silver coins at my 7-11. I am expecting more irresponsibility from our Fed and more spending from our government, and that should wack the dollar good over the next few years. And inflation is another factor to consider, but I'm not certain about the balance between inflation, rates, and the continued decline to the dollar. This turtle will keep watching and adjust the holdings as it unfolds.
When its all over, I expect my current purchasing power to be about where it is today. Bullion is much more a hedge than a true investment. If I can figure out when gold overshoots its value during a speculative frenzy, then maybe there are some bonus points.
If it does get really bad, we can form a tribe and stake our territory on one of the better golf courses -g-
Thx and good luck.
TH |
