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rudyjustinfarrell · 09-04-2020, 06:28 AM

I see this a lot at my LCS as it is also a coin/stamp shop. Older "clectors" of gold and silver totally trying to time the market. Really? You bought gold at $300 years and years ago, it hit a week ago or so $2000... and you are mad at a $1900+ quote because gold dipped that day? I ask people about their 5 year plan and they swear they are selling if it ever hits $XXXX. I bet it's 50/50 that they sell because they are hoping it hits $XXXX + $500.

If you have multiple copies of something... I am a fan of locking in profit. In 10 years is it really that big of a deal if you had 10 of XXX, values skyrocket, and now you only have 5 of XXX? Meanwhile you pocketed decent money along the way to spend however you wanted?

09-04-2020, 06:28 AM	#141
rudyjustinfarrell Member Join Date: Jul 2007 Posts: 12,706 rudyjustinfarrell	I see this a lot at my LCS as it is also a coin/stamp shop. Older "clectors" of gold and silver totally trying to time the market. Really? You bought gold at $300 years and years ago, it hit a week ago or so $2000... and you are mad at a $1900+ quote because gold dipped that day? I ask people about their 5 year plan and they swear they are selling if it ever hits $XXXX. I bet it's 50/50 that they sell because they are hoping it hits $XXXX + $500. If you have multiple copies of something... I am a fan of locking in profit. In 10 years is it really that big of a deal if you had 10 of XXX, values skyrocket, and now you only have 5 of XXX? Meanwhile you pocketed decent money along the way to spend however you wanted? __________________ Always willing to talk shop or B/S/T.