Sat, Aug 6, 2011 - 4:43pm
Hello fellow Turdite's,
I just got into trading GLD and SLV in May 11' and in this short amount of time I have learned more about our government and currency then I ever did in school. It's amazing how messed up things are and thank GOD I have this site and another friend that has his eyes open as well. So not to bore you, I will get to my questions:
1. I have been playing the SLV Options for a few months now but now that I have created enough dry powder I have been playing GLD mostly trying to earn as much as I can to pay off my last debt which is the remainder of my mortgage, as my goal is to have no debt and owe nothing to no bank/person.
2. My other goal is to use this market to my advantage as long as I can so I can buy physical Gold and Silver.
3. That being said: How long am I safe buying Call Options on GLD which is still tied to the market. I don't have enough yet to buy a lot of physical but feel like the way GLD is doing and if I play smart I should have a nice pile of "shiat" sorry, I mean "fiat" currency to buy physical but at the same time this market makes me nervous and "will we see a collapse in GLD" any time this year or shortly thereafter?
Great Thanks to TF for putting a lot of effort into this site and sharing your knowledge.......YOU ROCK.
Also thanks to the rest of you that can help me out or just share thoughts that you think may help.
Edited by: Bstone on Nov 8, 2014 - 5:31am