Quote:
Originally Posted by Craig
This wasn't my thread.  |
My appologizes. don't know what i was thinking
One should never put money into investments, if it might be needed elsewhere. Meaning if you buy gold and silver, expect to give it to your grandkids because no one knows where the price of gold is going.
On the flip side, NEVER hold onto a $100 bill to give to your grandkids.
If you are forced to sell gold or silver when everyone else is forced to sell (think 2008, many day traders were forced to liquidate their PMs because of over-leverage in the stock market during a crash) you will probably lose fiat dollars in the process. If however, you can wait until everyone else has sold out the stack, you will benefit handsomely.
I cannot afford to invest in Silver and Gold at these prices. I refuse. (with the exception of a few ASE's for Christmas presents, as is custom). I do look forward to some correction to say $25 / ounce and I might indulge once again, but unfortunately, I do not see that correction happening until after the silver bubble burst, if it ever happens.