Wednesday, September 28, 2011

Buy Silver!?

I'm currently traveling Europe right now so any move I might like to make will be...not made.

The only move I see that I would be making, though, is possibly to sell gold. Or, that would have been the goal a week ago. I don't know if silver is going to continue to drop or not. I'm hoping it will, because if it does "buy silver" is a sure rule! However, now, again, it's hit or miss. If one were to sell gold and buy rhodium I would completely understand the logic!

I still have platinum that I haven't sold because I feel it's undervalued. I've feel that way for a while but the world hasn't so, as we speak, gold is higher than platinum. Hmm...

Advice? I have none I'm strongly giving except to wait. If anything, silver has fallen a higher percentage than gold, so, selling gold and buying silver would not be an unfounded decision. Personally, though, I see $22 as silver's price and gold at $1600, meaning silver could still drop more than gold (if I were the world emperor, which I'm not!).

Sooooo, in other words, I'm not doing anything with my metals/money at this point. If ANY of the five metals drops another 20% I say buy! If gold goes up 20% I say buy silver because it will follow.


  1. it's good to see this information in your post,

  2. Thank you! It seems as of today we're in the same situation we were in when I wrote the above. I've been buying some rhodium of late, however.

  3. Thank you for the helpful post. I found your blog with Google and I will start following. Hope to see new blogs soon.
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