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Old 01-01-2011, 09:02 PM
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mespe mespe is offline
benzbonz
 
Join Date: Feb 2005
Location: Cleveland, Ohio
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Quote:
Originally Posted by Craig View Post
What you are saying is true over the long term, but there are certainly short term bubbles in the precious metals market; we are in one right now. If you go out and buy gold coins at close to $1400, you had better be prepared to hold on to them for a very, very long time. At some point the bottom will fall out, I don't know if will happen next week or two years from now but it will happen. Maybe your grandkids will come out ahead of the dollar if they hold those coins, but you will get slammed in the short term. If you really want to go that way, wait for this bubble to bust, then buy up a bunch of precious metals when everyone else is scrambling to get out.
I'm much more bullish on silver, as the youtube in an earlier post video explains what's going on in that market.
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