G
Groseph
Exactly ... the metals correcting is just a reaction to margin calls, and people needing to liquidate their precious metals cover other trades. Very few people are trading with cash and most are heavily leveraged in the market. Also...USD will rally up (metals down) as other countries run into our dollar for safety from their own already dieing currency.
A brief deflationary period can only last for so long before the masses are screaming for help. Then and only when people are literally begging for it will the FED step in and put a lot of $$ back into the market. Further inflation - PMs will go up and away. Get em now.. they look to be going on sale as we speak.
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Its good not to put all your eggs in one basket I guess... but I dont personally agree with only putting a small percentage into Gold/Silver. When your so sure of something its foolish not to go in heavy...provided you know the risks and are not leveraged. Gold/Silver is one of those things... its a sure thing. In my humble opinion of course. Do your own due diligence.
Mike Maloney said it well..something to the tune of
::Its not that I want to own gold and silver. They are just dumb worthless metals.. but RIGHT NOW.. there is nothing else that I would want to own. They are in their cycles right now and will out perform every asset class out there.::
Sell gold and silver holdings? Sell For What? Surely not for a failing dollar that buys less and less each week.
A brief deflationary period can only last for so long before the masses are screaming for help. Then and only when people are literally begging for it will the FED step in and put a lot of $$ back into the market. Further inflation - PMs will go up and away. Get em now.. they look to be going on sale as we speak.
- -
Its good not to put all your eggs in one basket I guess... but I dont personally agree with only putting a small percentage into Gold/Silver. When your so sure of something its foolish not to go in heavy...provided you know the risks and are not leveraged. Gold/Silver is one of those things... its a sure thing. In my humble opinion of course. Do your own due diligence.
Mike Maloney said it well..something to the tune of
::Its not that I want to own gold and silver. They are just dumb worthless metals.. but RIGHT NOW.. there is nothing else that I would want to own. They are in their cycles right now and will out perform every asset class out there.::
Sell gold and silver holdings? Sell For What? Surely not for a failing dollar that buys less and less each week.