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View Poll Results: Do you believe gold spot will achieve 1800 or more by end 2014?
Yes 3 11.54%
No 22 84.62%
Neutral 1 3.85%
Voters: 26. You may not vote on this poll

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  #21  
Old 01-05-2014, 12:33 PM
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daniel.yrh daniel.yrh is offline
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Originally Posted by moyyewhon View Post
bro alor...
honestly...

if silver reach 50 bucks... would u sell ?

I wont....if i sell.. i'm out of position... i always feel uneasy holding fiat
Until one day gold and silver can be used as money/currency, there will still be a need to swap metals back to fiat right?

I won't say out of position... It will be either taking profit or cutting loss
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  #22  
Old 01-05-2014, 02:26 PM
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Quote:
Originally Posted by moyyewhon View Post
bro alor...
honestly...

if silver reach 50 bucks... would u sell ?

I wont....if i sell.. i'm out of position... i always feel uneasy holding fiat
Quote:
Originally Posted by daniel.yrh View Post
Until one day gold and silver can be used as money/currency, there will still be a need to swap metals back to fiat right?

I won't say out of position... It will be either taking profit or cutting loss
I agree with moyyewhon on a high level. Probably I'm considered a stacker & difference between stacker & flipper is

Stacker just stack & stack (unless there's a dire situation that forces me to part with them)

Flipper takes profit when spot is up & cut loss when spot is down.

Having said that, I liquidated all my PM to buy property recently. Dire situations?
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  #23  
Old 01-05-2014, 02:32 PM
rlim1969 rlim1969 is offline
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Quote:
Originally Posted by anlok View Post
I agree with moyyewhon on a high level. Probably I'm considered a stacker & difference between stacker & flipper is

Stacker just stack & stack (unless there's a dire situation that forces me to part with them)

Flipper takes profit when spot is up & cut loss when spot is down.

Having said that, I liquidated all my PM to buy property recently. Dire situations?
Me trying to liquidate my PM to pay for $42K course, have to part with my beauties to pay for a course to torture myself by studying like shit again

I'm crazy right?!
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  #24  
Old 01-05-2014, 02:48 PM
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Wah going for masters? Pick a good course and perhaps you can double your holdings afterwards!
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  #25  
Old 01-05-2014, 02:51 PM
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ya, no choice, cause I only have engineering background (tan bo chia), need to have business knowledge too, else company re-structure, would kick me out
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  #26  
Old 01-05-2014, 03:03 PM
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Me trying to liquidate my PM to pay for $42K course, have to part with my beauties to pay for a course to torture myself by studying like shit again

I'm crazy right?!
Yes you are
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  #27  
Old 01-05-2014, 03:54 PM
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daniel.yrh daniel.yrh is offline
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Come to think of it, when was the last SHTF scenario when fiat collapsed and gold/silver become the only currency?

There was none for the last 50 years, and I think if that happens in our lifetime food, water and shelter will be more important than having metals on hand. Metals as money will only be useful when civilization is restored and people start to "pay" for their goods instead of looting here and there.

Rlim1969 that's actually a wise decision to fund for your courses with your metal holding, better than getting personal loans or borrow from ah-longs! like Altima said, you could even double your metal holdings after you graduated!
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  #28  
Old 01-05-2014, 03:58 PM
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Come to think of it, when was the last SHTF scenario when fiat collapsed and gold/silver become the only currency?
Very much agree. That's why I encourage stacking to minimise inflation impact & not SHTF or financial collapse.
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  #29  
Old 01-05-2014, 04:08 PM
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Very much agree. That's why I encourage stacking to minimise inflation impact & not SHTF or financial collapse.
How to beat inflation? Metal prices keep falling and inflation keep rising!

If spot continues to fall putting our fiat in FD earn that miserable 1% interest is still much better than seeing 20% loss on metals haha!

Let's all hope spot price will rise soon and we will all be laughing when we re-read what we have discussed today
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  #30  
Old 01-05-2014, 04:13 PM
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Metals have been a good hedge for decades, of course other than these 2 years But my trust is still in PM. Otherwise, why buy physicals right? The only reason why we get physical is for the obvious "long" position. Can't be using physicals to "short" right?
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