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At what price should you sell gold and silver?
Posted on 20 May 2011 with 5 comments from readers
$1,500 an ounce was enough for legendary hedge fund manager George Soros to sell his gold recently. But this video explains how Goldsilver.com goes about valuing gold and silver.
They are using the gold value of the Dow Jones Index and houses as a measure. This is a nice way of measuring real value without the distortions of monetary inflation.
Also if houses continue to fall in value and the stock market takes a dive then gold actually gains in value even in its price is static.
5 Comments posted by readers:
Back in 2008 I wrote the same:
US Stock market / Gold cycles 1850 – 2013
http://www.novini.net/2008/04/us-stock-market-gold-cycles-1850-2013.html
Don’t sell your gold or silver, silver go 300$ / oz and gold 2500$ / oz !
don’t believe the banksters , don’t sell now!
I buy gold , I buy silver!
i never sell it!
Silber Das Besseire Gold!
Thuss,
When bankers ask people to deposit their Gold in return for loans, there are plenty of signals which the public should immediately capture. The banks’ loan offer would perhaps convince a few naive, but their hidden message speaks volume to the public. We must thank the banks for the useful tip.
@ Nikolai:
Worthwhile comments! Kondratieff cycles are worthy of serious study.
In response to the question: “When should you sell?”, none of us really know when it would be the “right time”. But many of us should know deep within us that the right time to sell is years from now.
If gold doubles in a year, and silver rises over 150%, that, by itself, is not reason to sell, especially since none of the world’s massive financial problems would be solved.
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When to SELL gold?
That is like asking when to sell the paper bank bills in your wallet.
I’ll make this simple.
When a thing is acting like MONEY, you don’t SELL it, you SPEND it.
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Or look at it this way . . .
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When to BUY bank bills?
When they have dropped in price from 1/35th of an ounce of gold
to 1/350th of an ounce of gold, or to 1/3500th of an ounce of gold?