Update
In an unusual move for me, I sold most my silver and gold into this spike. I held most of it in the form ZSILUS (a swiss etf). I have also sold a great deal of my physical silver. The net result has been to take precious metals from 45% net assets to under 10%.
I am not belittling Silver. It has been great to me. I bought a great deal at prices more than 45% lower. I also have owned Gold from around $500 oz. The market sometimes knows best and I am not sure whether prices will reverse right away.
Something about this breakout is not right to me.
I may put on other very low risk very high payout Hyperinflation hedges, but I do not see the imminent threat in the US.
Please make your own decisions. This was quite difficult for me, but I felt it was the best thing to do. For me.
3 comments:
MS,
Thanks for the update,I almost bought some Silver. I will await your reason before proceding.
Blog more often,take care!
Robert
Happy to see gold edging higher these days?
Oh Ecstatic Martijn...:)
I do not see much of a future for it though
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