First time poster and investor

[MoneyMichael]

Hi,

First time poster and investor. Looking to take a ~$10k position on gold and silver this week. With the plan of buying more over time until property in Australia corrects.

Is it dumb to think I can jump in now with the plan to liquidate ~80% in ~2 years with a profit? If not, what split of gold/silver would you suggest?

Thanks,

[trp]

Moved your post to the Welcome Section...Hello and welcome to the forum!  

[CadmiumGreen]

Welcome aboard The Silver Forum!

[GrahamDiamond]

Welcome to the Silver Forum Coinster

[FlorinCollector]

Welcome! I think jumping in at all time highs and expecting a profit in 2 years is very risky.

But what do i know

if you look at the premiums on silver you will need quite a further gain again to sell at a profit because when bought you will be starting in the negative due to the premiums. 

gold has a lower premium. 

[Oldun]

I would go 90/10 gold/silver at the moment as the GSR has gone from a 300 year high of 130/1 to 80/1 now. Silver is called "the widow maker" for a very good reason. It comes with high risk. How much of that you wish to take on is up to you.

Also, please realise that silver reflects inflation/deflation. Silver is sniffing out inflation hence the recent rise so maybe even a 50/50 split is good.

I would go with ordinary old silver content coins (in Australia, that would be pre 1964 coins) rather than .999 etc coins as if shtf, it will be easier to use and be accepted as well as having the connection to the silver price, of course.

But, all your choice  Good luck with whatever you decide.

https://www.silvercoinstoday.com/silver-coin-price-guides/australia-silver-coin-values/

[cornishrich]

Welcome to the forum @MoneyMichael

[Arganto]

Welcome @MoneyMichael 👍🏻

[Agpanda]

Hi and welcome from Sweden

[ChrisSilver]

Hello and welcome to The Silver Forum