Thursday, June 2, 2011

Gold and Silver : To Buy, Sell or Hold?

This is a worthwhile piece received from YOUnique (a division of Anglo-Far East Bullion Company). It is very useful and is partly edited.

"There is currently much Gold and Silver price speculation in the media. This wide and varied market 'noise' may influence our emotions causing us to take our eye off the initial purpose or desired set goal.

Here are some suggested tips to ensure your destined plan maintains its GPS settings to YOUR desired goal:

  • Know your plan 
  • Why do you own Gold or Silver?
  • What percent of savings per month are you diversifying 'risk money' into 'real money'?
  • Are you diversifying your Gold and Silver 50 - 50 or are you biased towards one based on speculation?
  • Is the percent of income diversified into Gold and Silver in balance with your financial obligations?
  • What is the fundamental reasoning behind your plan? 
  • Short-term market price speculation or Long-term fundamental reasoning  
  • What is the source of your information to base your decisions upon? 
  • Is the information you receive that influences your decision from people who are qualified and have a PROVEN history in this field?

Is the sourced information based on short-term technical trading or long-term fundamental analysis?

Some recent commentaries have resonated with us, and we would like to share them with you:

"People should be saying to themselves that they don't care what the Gold price is doing today. If this is the day of the month they are scheduled to buy, then buy it.  Continue on with their dollar cost averaging plan. The same goes for Silver. "Too many people who are new to the precious metals markets attempt to trade them.  Non-professionals are attracted to trading like moths to a flame, and both are very dangerous."

"The bottom line is to focus on accumulating physical Gold and Silver, because at the end of this bull market, what will matter is not how many dollars you have but how many ounces of Gold and Silver you own."

"The Mexican Peso in circulation for 25 years (1920-1945), of which 458 million were minted, contained Silver which fell in value sharply during the Depression; yet not one of those

Pesos was ever returned for PAPER. Gresham's Law, you know."

"No one ever exchanges better money for worse money."

Bill Rowell

Gold in New Zealand dollars: $1862.70 per oz
Previous all time high: $1955.10 per oz

Silver in New Zealand dollars: $46.10 per oz
Previous all time high: $48.58
per oz

The Anglo-Far East Company
The Original Private Bullion Custodian
Your reference: an-001

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