How many here are investing in gold and silver? (i believe now is a good time to buy) (investment, percentage)

[16trillionandcounting]

I believe silver and gold will head upwards again soon, anyone else getting in now?

[user_id]

No, instead looking to short it.

[ragnarkar]

I have about 25% in Gold, no silver.

You may want to learn more about the metals before you invest/short it.. not every single investment is right for you even if others are in it and making lots of $$$.

[LordSquidworth]

It will go down some more before it will go up.

[16trillionandcounting]

Originally Posted by user_id

No, instead looking to short it.

what price are you expecting? Do you think silver will break strong resistance in the $26-$27 dollar area?

[16trillionandcounting]

Originally Posted by LordSquidworth

It will go down some more before it will go up.

what prices are you expecting? Silver is at a long term trend line around $27, and has a triple bottom at $26.

Gold is not quite as bullish as far as technical analysis but even the likes of Goldman Sachs expect $1840 6 months out and $1940 a year out.

Goldman Sachs keeps bullish view on gold prices - Economic Times

[LargeKingCat]

NO!!!! IT is way overvalued
If you want to short it, maybe, it needs to come way down

[16trillionandcounting]

Originally Posted by LargeKingCat

NO!!!! IT is way overvalued
If you want to short it, maybe, it needs to come way down

what makes you say its over valued?

I believe they (gold and silver) are vastly undervalued for a multitude of reasons. Mostly due to the fiscal insanity of most nations and their monetary policy, gold and silver are a relatively safe haven currency. While a fiat currency can become worthless, gold and silver can't/won't.

I feel much safer holding gold and silver that can't be printed, only mined. (with only reasonable increases in production possible, which can't be said about fiat money)

[user_id]

Originally Posted by 16trillionandcounting

.. gold and silver are a relatively safe haven currency. While a fiat currency can become worthless, gold and silver can't/won't.

Gold and Silver aren't currencies anymore and they can become worthless just as easy as anything else. Industrial demand, the only important demand, represents a very small percentage of total demand.

[16trillionandcounting]

Originally Posted by user_id

Gold and Silver aren't currencies anymore and they can become worthless just as easy as anything else. Industrial demand, the only important demand, represents a very small percentage of total demand.

show me one time in history when gold and silver where anywhere close to worthless.

Yet all fiat currencies have failed and become worthless. Hmmm which is the better bet?

Also with silver industrial demand is NOT a very small percentage of the total demand. It's somewhere close to 75% of the demand. Silver is used in many electronics and is used in small portions so at not to be economically recoverable. So in essence this silver is getting destroyed, this is only a recent phenonomon and should only help to support the price of silver.