Hedging bitcoin/silver/gold

[BitVenture]

I've been using Bitcoin for about a year now and love the system.
I've recently imported some silver upon Mr.Keiser's advice but as I have next to no experience in economics or trading I wondered whether someone could explain in simple terms how to hedge with all 3 (bitcoin/silver/gold). I have read that many silver and gold dealers will only buy back the silver/gold they have sold themselves.

Would be really interested in your experiences if folk on here would care to share how they play the "game".

[mindfulmojo]

Never sell back to a dealer, but they will buy any of your precious metals, no problem. They will give you under the spot price of the metal.

They sell at over spot price, and buy it for under spot. They aren't you ripping you off, they got to pay the bills....

Check http://www.coinflation.com/ for the latest spot prices....

Always make sure you own the actual metal, never buy paper gold or silver futures. That's only worth the paper it's printed on...  

I don't play the game, so much... I go for the long term, or at least I try to..lol

[BitVenture]

^ Thank you Mindful, I appreciate the differences in the spot pricing no problem. Fortunately I invested in physical legal tender coins at 0.999 grade silver.
Thanks for the site link!

What are the fundamentals behind playing all 3 off of one another? Sorry if this there are obvious answers to this question.

[MicroGuy]

If you want to throw in a little risk you might look at altcoins. 

[PumpkinCoin]

^ Thank you Mindful, I appreciate the differences in the spot pricing no problem. Fortunately I invested in physical legal tender coins at 0.999 grade silver.
Thanks for the site link!

What are the fundamentals behind playing all 3 off of one another? Sorry if this there are obvious answers to this question.

I'm not a statistician but don't think they are correlated.  IMO, silver has much much more upside than gold.  It ends up costing more percentage wise, usually, to liquidate silver versus gold.  Gold and silver are driven by macroeconomics whereas BTC isn't as much.  For example, gold and silver sold off on Friday after the positive jobs report was released and BTC rose.  BTC has the most upside of all three but has tremendous risk.  In a month BTC could be $5000 or $0.  I own all three in healthy and growing amounts.

[BitVenture]

I think you're right in doing and I'm looking to go that route aswell as it feels much safer.
Beats having your assets stuck with some knobheaded bank that rips you off or won't even deliver in worst case scenario.