Sell AAPL, Buy Gold/Silver?

You guys are playing out the internal dialogue in my head!

I know that there is certainly profit to be made, but Apple is also paying a decent dividend at this time. I also do think it will at least maintain its current position, and expect it to grow during the holiday season. My problem is that I'm just not as familiar with the swings and bubbles that precious metals seem to be all about. If there's a wholesale currency collapse, will gold/silver actually be worth having? Will anyone want it?

I fear the lack of diversity, which you guys rightly bring up. I don't want to pay that damn capital gains tax either though. Do you guys think Apple is something that can be held for the long haul?

Diversity is a good thing. IMHO you should sell some AAPL and buy some silver and gold. The weightings are up to you. There is huge optionality in silver and gold when the fiat system collapses. There is upside in AAPL but not of the same magnitude. To have ZERO silver and gold and a lot of AAPL in an environment like today, where anything can happen, is a MISTAKE. Of that I am sure, the rest is a matter of degree.

LL
 
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The thing that drives me nuts when I see these recent stories from financial sites that say, "Apple is past it's prime or hasn't met it's numbers" is that Apple has had like 30+ straight quarters of profits. Apple made 8.2 billion in PROFITS for this most recent quarter. Just because some nimrod analyst thinks that Apple should have made 9 billion doesn't mean that Apple is a crappy company with a stock price that will plummet off a cliff. Apple just announced that their initial stock of white iPad Minis just sold out in 17 FRIGGIN' MINUTES!!! I would not be surprised if there is a story from some analyst that downgrades Apple stock because he/she thought those iPad Minis should have sold out in 13 minutes.
 
Hey guys. I'm looking for some guidance and hopefully some advice that will help me make my decision. I've got around 100 shares of AAPL stock that I have held for 12 years now. It's certainly my last resort in the case of financial calamity, and really the only true savings that I have.

Now more than ever I'm considering taking that money and buying 80% silver, 20% gold with it. I get more worried about the market tanking every day, and as I watch this presidential election unfold, I'm nervous. I believe what I've been reading over the past 6 years, and believe that we're approaching a serious crisis, but I have a really, really hard time pulling the trigger on this decision. What if things do, after all, work out? What if AAPL skyrockets over the next few years? What if gold and silver gets less valuable as our economy recovers? (Not a likely proposition, I know).

I'm just being honest and open here, and looking for guidance. I haven't followed the metals market as intimately as many here have, and I just have a natural reluctance to cash out now. I worry though, that if I don't, that money will simply disappear.

Cheers and thanks,
Steven

Apple seems to be going lower.
 
Shake-up at Apple today:
http://enews.earthlink.net/article/tec?guid=20121029/a8d0b34b-d35c-4bf0-b6f4-2cfcef68ba43
2 top executives leaving Apple
PETER SVENSSON
From Associated Press
October 29, 2012 8:54 PM EDT
NEW YORK (AP) — Apple Inc. shook up its executive ranks Monday, saying the head of its store operations is leaving after just six months on the job and the long-serving head of its iPhone software development operations is exiting next year.

Apple didn't say why retail senior vice president John Browett and iOS software SVP Scott Forstall were leaving, but both have presided over missteps this year.

Browett cut staffing hours at Apple's retail stores, a move the company reversed and acknowledged as a mistake. Forstall's division launched a software update in September that replaced Google Maps with Apple's first mapping application. It quickly drew unfavorable comparisons to the software it was replacing, and Apple apologized.

Browett's departure is immediate, and the company is looking for a replacement. Forstall will act as an advisor to CEO Tim Cook until he leaves, Apple said. His responsibilities will be divided among other Apple veterans.

Forstall joined Apple in 1997 with the company's purchase of Steve Jobs' NeXT startup. Apple credits him as one of the original architects of Mac OS X.

Craig Federighi, who is now in charge of the Mac OS, will add iOS development to his responsibilities, Apple said, but Jony Ive, the chief designer behind the distinctive look of Apple hardware, will take responsibility for the look and feel of Apple's software.

Eddy Cue, head of Apple's online services and iTunes, will assume responsibility for Maps and Siri, the "virtual assistant" application on the iPhone and iPad.


Browett took over the store operations after Ron Johnson, who helped create the Apple stores, left to become CEO at J.C. Penney Co. in November.

Apple has more than 360 stores, and they're unique in several ways. They sell more per square foot than any other chain in the U.S., yet they account for just 12 percent of Apple's overall sales. They're ambassadors of Apple's brand, and provide customers with an easy way to access in-person technical support.

At the time Browett was appointed, commentators wondered what an executive from a traditional retail operation would bring to Apple. Browett's move to cut staffing appeared to be motivated by a desire to improve profits, but Apple divisions don't have their own profit-and-loss accounts; they're supposed to support the company as a whole.
 
Apple will never again be what it was under Jobs.

Hopefully they won't pull an HP:

- Hire a PR "rockstar" from a failing company to be the new Apple CEO. All hype, no ability.
- Then the new CEO can purge all of the people who made Apple what it was. Get rid of all of those creative people.
- Then they can do an expensive merger with a failing company like RIMM.
- Then the people from RIMM can slowly take over Apple.
- Success! :rolleyes:
 
Hey guys. I'm looking for some guidance and hopefully some advice that will help me make my decision. I've got around 100 shares of AAPL stock that I have held for 12 years now. It's certainly my last resort in the case of financial calamity, and really the only true savings that I have.

Now more than ever I'm considering taking that money and buying 80% silver, 20% gold with it. I get more worried about the market tanking every day, and as I watch this presidential election unfold, I'm nervous. I believe what I've been reading over the past 6 years, and believe that we're approaching a serious crisis, but I have a really, really hard time pulling the trigger on this decision. What if things do, after all, work out? What if AAPL skyrockets over the next few years? What if gold and silver gets less valuable as our economy recovers? (Not a likely proposition, I know).

I'm just being honest and open here, and looking for guidance. I haven't followed the metals market as intimately as many here have, and I just have a natural reluctance to cash out now. I worry though, that if I don't, that money will simply disappear.

Cheers and thanks,
Steven

Did you sell?
 
With what Apple has done, it seems that selling would have been a good move. Been declining in value since September 19th. On the date this thread started, it was $616 a share. Hit $540 today. But nobody can say for certain what the future will hold for either that or metals.
 
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