#155 forget the profit takers and/or China wanting the reserve currency

#155 forget the profit takers and/or China wanting the reserve currency

Does it really matter if the COMEX situation is caused by profit takers and/or China wanting the yuan for the world reserve currency?

If you take profits then what are you going to do with them in this screwed-up-fundamentals environment we're in?

Eventually, everyone will realize that gold and silver are the answer until the fundamentals are sound again.

So buying gold at $1500 and selling it at $1600 means nothing if it's going to $1700 and there's no other reasonably safe place to put your paper.

Even without capital gains taxes and/or brokerage fees, it makes no sense to buy on the dips and sell on the peaks, if there's no where else to go.

It does make sense to buy on the dips but in the LONG run even that doesn't really matter that much.

One famous billionaire, somebody help me with whom it was, said that playing the dips doesn't matter to him if he's buying LONG.

http://buygoldansilverlong.blogspot.com/2011/04/1-forget-profit-takers.html