Quote Originally Posted by GoldMiner View Post
What do you mean by "trading in and out"?

I do think that buying precious metals at a cheaper price and selling when the price is higher is a good idea. But you should always keep some metals for yourself.

Profits when re-selling could be huge!
But the risk is big as well.
If you happen to have just sold gold -- taking a profit by "trading out" -- and an unexpected "event" occurs that precipitates a quick secular collapse (i.e., not the usual price gyrations) resulting in a spike in gold, you have just missed a lot of profit.

I'm sympathetic to trading in and out of gold to garner profits, but anyone who bought gold went from around 1900 to 1860 -- thinking it was a temporary dip -- has not been happy.