gold/silver protectiongreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I need some input about changing dollars into gold and silver? How do I know if this is the right thing to do and if this is the right time? I have seen some recent fluctuations and read some confusing opinions. Any experts or expert opinions out there? Thanks again, Johan
-- johan (email@example.com), September 02, 1998
Johan, scan up about 14 questions before yours. There is already a discussion ongoing about gold. It is a good idea to read other people's questions, too. They may give you answers you seek.
-- No name (Read@Threads.com), September 02, 1998.
Johan, Consider it an insurance thing, so "doing the right thing" is deciding that you can't know for sure but it seems likely to be a decision that couldn't hurt you too much and could help a great deal. As far as whether it is the right time, since the price of precious metals fluctuates, your best bet is to do "dollar averaging", and buy in several installments. For example, if you planned to buy 5 ounces of gold, then buy one ounce each month for 5 months. You know you won't get the best price but you also won't get the worst price, on average. .........................
-- Dan Hunt (firstname.lastname@example.org), September 02, 1998.