Monday, June 27, 2011

let's get real about timing gold/silver buys

let's get real about timing gold/silver buys

Kirsti Hogg of facebook (Why buy gold? (and silver!) said it best, "I don't have a crystal ball."

I said in reply that I had one but that it was cracked like the crystal egg in the movie "Risky Business".

Some contributors to the site want to wait for silver to be in the twenties and gold to be around $1400.

But what if the market goes up before reaching these bottoms.

What does one do, wait for the next dips that may not come either.

I think about what it means to be investing in gold and silver long.

To me it means trading fiat currency, which is what they want to me to keep, for gold and silver which they don't want me to keep.

Every ounce I have is one they can't manipulate to scare small investors into giving up what they have.

They're so sure they can get it back they're willing to sell what they value most!

How's that for sociopathic overconfidence?

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