What with the horrendous meltdown of stocks today I took advantage of the freefall and bought more metal.
This time I voted for palladium since I am new to this metal.
Got in at like $435 an ounce. Maybe by the time it reaches my mailbox it will be worth that price.
More later.
Entries Tagged as 'Gold'
Time to Load up on Precious Metals
February 5th, 2010 · No Comments · Uncategorized
Gold: Buy High, Sell Low?
November 5th, 2009 · 2 Comments · Runaway Trading, Stock Trading
In a former life, I was (among many other things), a marketing communications director for a major Midwest mortgage banker. This was well before the sub-prime mortgage meltdown, and the company I worked for never, so far as I know, got involved in these dicey instruments.
I bring this up today because of a lesson taught [...]
Tags: Gold·gold coins·Kitco·Krugerrands·Monex
Hedging with Precious Metals
June 1st, 2009 · No Comments · Stock Trading
One of the reasons why I’ve been modestly successful at buying and selling precious metals is because I look at metal as mostly a long-term investment; something to hide under the mattress and spend when Rome burns. Or in this case, when the U.S. economy crashes—should it ever do so. The trouble with day trading (as [...]
