What To Do When You Make A Big Bet On A Winning Position
As gold approaches $1700, it’s safe to say that I’ve made a quality multi-year bet on the price of gold. I first got into gold in the $700 range, added to my position greatly during the 2008 crash and have essentially held on until now. Interestingly, the hard work is essentially just beginning.
Knowing when to exit a big winning position is tougher than buying a position in many cases. Gold is definitely an example of this.
This is much different than dividend stocks that I intend to hold for years and year and collect dividends and I don’t pay too much attention to the share price on a week to week basis.
Gold doesn’t pay dividends obviously so the only way you can cash in is by buying and then selling it for higher. Therefore, the exit is key.
If you read my blog, you may have mistaken me for a perma-bull gold bug. I’m not a guy that is going to tell you to always buy gold regardless of circumstances. Now I can see the value of a small permanent position of gold that is sort of akin to insurance, but that’s not what I’ve been talking about and it’s not what I’m talking about now.
I have a large overweight position in gold. It’s been 30-40% of my portfolio now for a couple years and continues to be. Again, the exit is key. There will be a time to sell my gold.
As the price of gold increases, and the stocks to gold ratio crashes (which I’ve been documenting), I start to become very alert to the price of gold and get ready to exit. Does this mean I’m going to sell soon? No. I might not even sell for a few years from now depending on a number of factors, but the reality is that it’s time to start watching a little more carefully.
At some point when stocks are much cheaper priced in gold, I’ll sell the gold and pile that cash into quality stocks. I’m on Defcon 2 right now. More later…
You've done really well. Are you invested in GLD or physical gold?
I'm curious as well… I don't plan on investing in gold at these prices but I'm curious how to even invest in gold? I suspect you're not buying gold a jeweler… lol . Is there an specific fund you buy that equates to real gold? Thanks
Knowing when to get out is definitely the tricky part. I have a tiny bit of gold that I bought around the same time you did. If it has been for investment purposes I’d probably have cashed out at around $1200, or $1400 for sure. But that’s because gold feels like a bet to me. I think it will probably continueto go up for another 6-12 months and then burst.
My favorite gold vehicle on the market is GTU… There are too many rumors about GLD not actually owning the gold it says it owns so I stick w/ GTU.
Physical gold is also a good option – check a local coin shop – but its not as liquid
If you not sure when to invest and where then you need to look this up http://www.investmentmaxim.com. A place where investors can use strategies used by
legendary investors to make smart investment decisions.
For anyone that have doubts whether to invest in gold or not go to http://www.goldprice.net/ they can help you with all the question you have and give you the best advice for no cost just like i did a few years a go and now i see things more clear than before.
Wager typically is situated the game game. The wager often is situated football game. The wager will be greater if the teams who play are large group.
I think we have to keep stay cool in every situation. So other people can't make any prediction on us.
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Sometimes, people do bet in a game. They will do bet for the winner. It mostly happens in the football match.
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Some of people can't set their expression on the match. And that make enemies knowing their winning position.
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Brave is very needed to bet something. Fear has no position here.
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Throughout racetrack associated with equine, betting is a legal. However, the actual improves should be people who have pass the actual specific age. It is because the actual betting is very addictive.
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If someone is in a position in a victory, then you can choose to be such a person. You can ask a variety of things to make him a winner. You can ask for the secrets.
There are many people who make a bet that even make the bankrupt person. This is not something that should be emulated by all. You should avoid betting.GLOBALINX
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We were able to use the brain as a way to guess something. However, this is not a thing to be done on all aspects of your life. You must use your logic. Albuquerque contractors
We were able to use the brain as a way to guess something. However, this is not a thing to be done on all aspects of your life. You must use your logic.Albuquerque contractors
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It's good you did not spend much money or little money to do a bet because it's not a nice thing to be done by many people who want being rich and success.
Won a position it could be one way and a great challenge, because there are many people who could use any means to win a match which he attended.Dallas Cold Laser
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Just try to add more bet, so you can win more. But don't break the opportunities for winning.
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Being a winner is very nice to feel. But we need to be humble and shouldn't forget the way we start.
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Betting is about your luck. People are getting lossy if they have lost much money. Instead of just finding what your mistake, it's better to practice.
There are many people who lost the bet so that he does have a lot of debt and it is useful to avoid betting for money usually runs out with something like that is not necessary.
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