Comment on Gold Hits Record High! Is There Still Time To Join The Party?…
I could not find the video on the PP website, so I started a new topic in the forum.
Great video! As John mentioned, Gold has a split personality. Insurance and investment/trading.
There is also a distinction between physical- and papergold. Jeff was talking about buying at a dip and selling at a high, which in my book is trading. Well, I can assure you that this trading does not count for physical.
Don’t wait for the dips when you want to buy physical. Dips are in the SPOT prices. These dips are much, much less deep in the physical market.
I live in Belgium so I give these numbers in Euro’s. In april the spotprice of silver was 454 Euro. I bought some one ounce silver Kangaroo’s for 22,40 each.
Today the spotprice is 652 Euro and a Kangaroo costs 26,40. When you do some calculations, you see that the premium in april was 58% and currently 30%! That flattens the dips significantly.
Don’t trade in physical. Buy physical as insurance and buy it as much as you can afford and feel well with.
By the way. Question: Jeff mentioned quite explicit that this is the time to buy GOLD. The way he said it appeared to me that he specifically means GOLD and not silver or gold. Is this true? And if so, does anybody know why?
Hans – FYI the videos usually appear on Youtube first and then are uploaded to the website a day or so later. The Market Watch videos usually appear under ‘Blog’ sometime on Fridays. Perhaps it’s a bit late this week. I haven’t seen this video yet, but if you keep an eye out for it to appear on the website and post your question there, perhaps Adam or someone else will answer…..