The spot price of Silver and Gold have risen a fair bit over the last couple of weeks.
As the PM spot prices always seem to drop over the Northern Hemisphere winter I am thinking of suspending my Sovereign buying until then as these are closely priced to the spot price of gold in a large part.
Have I got my thinking wrong and should just "Go for it Now" or should I be patient and just wait it out?
Jim,
If you have an infallible method of forecasting bullion prices then go by that (and let me in on it too -but don't tell anyone else).
Certainly the "buy low, sell high" philosophy is the way to go but there are too many factors that affect spot prices so it is hard to know what is the way to pick the best buying time.
Jeff
PS. What did the tooth fairy bring you?
QuoteWhat did the tooth fairy bring you?
the ecstasy of instant pain relief :wavemulticolor:
QuoteIf you have an infallible method of forecasting bullion prices then go by that
There is NO infallible method, just Calculated Guessing is the very best I can come up with :ok:
Quotethere are too many factors that affect spot prices
A prime example of that is IF the US start throwing missiles at Syria then I would imagine the spot prices would go silly for a while .
pick the market .. good luck
my tip is buy now because the gold demand in india is rising as the rupee goes downwards - india buys 28% of bullion !!! - hence a flow on to the world market
but what would i know, this is only 1 scenario
so jim buy now cause you want it and need it
aahhh my precious ..
:angel: