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Metered Selling of Precious Metals

Date Added: March 18, 2011 08:19:22 PM
Author: B. Jowaisas
Category: Reference: Ask an Expert

Uncertain economic times like these are incubators for volatile commodities markets. In the last five years, we’ve seen the cost to buy gold, sell gold and other precious metals including silver double and triple in price.   How is an investor supposed to know how and when to get into the market? What’s the best way to time it so that you get the most for your money? The following methodology is useful to avoid the most common mistakes. METERED SELLING AND BUYING.   The most common mistake new investors make when buying gold is to try to time the market. The markets rarely respond to normal supply and demand forces that you are able to see or have information about. Most often, the markets seem to move mysteriously, with no cause and effect. So let this be a warning to you, when you’re buying or selling gold or silver…don’t try to time it!   The time to get into the market is now. It’s always now, provided you have: time, money and a trustworthy advisor or someone to lean on for advice and guidance. If you have time, start reading. Read everything you can about buying gold, selling gold, or if you’re in the market for silver, read all you can about buying silver coins, buying silver bullion, buying junk silver…whatever the area in which you plan to invest. An informed consumer is the best consumer. Then, after you’ve become acquainted with the advantages and pitfalls of the journey you’re about to embark on, decide HOW MUCH MONEY you want to invest. Stick to that amount, and then use METERED BUYING as your guide.   METERED BUYING (or selling) of precious metals is the idea that if you buy gold or buy silver at pre-determined times, regularly, without fail, without deviation, you insulate yourself from the markets highs and lows and you capture the market average better than the investor who tries to time their purchases or sales…you’ll miss some highs and you’ll probably be regretful, but you’ll miss some lows and you’ll probably be elated. It all comes out in the end.   So choose a time each month or each week when you will invest a fixed amount of money to buy some gold coins. Stick to that schedule. Each week, approach your trusted source, make a purchase of a fixed amount of your  silver coins or precious metal. Do not deviate from the amount purchased or time to buy by greater than 10%…for instance, if the market is down, and on your chosen date to buy, you see an opportunity, demonstrate investment discipline. Invest no more than 10% extra. Market is down a few dollars, and you normally invest 100 each week? Invest 110…but don’t get greedy. Slow and steady wins the race, my friend. The best example that long term, slow, steady investments is the best plan is Warren Buffet. What other investor do you know of by name?   So on days when you plan to sell gold or silver, do the same…sell the same amount, a little bit at a time on the same day of the month. Want to sell your gold? Go ahead, throw in 10% extra and instead of selling $1000 dollars of silver, sell  $1100…but don’t get greedy and don’t go more than 10%. In a bear market, you’re not doing yourself any favors by selling all your silver. You’re fattening the coffers of a more disciplined investor. Feel free to visit Houston Gold Merchants at houstongoldmerchants.com for more information. Good Luck investing!! 
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