Diamond Lifetime
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I am a PM guy. I have been buying for about 4 years now and none of my buys are good looking at where the price stands today or where it seems to be headed. I wish I had some dough to buy some more at these prices to cost average. Some of what I bought was close to double what the price is today.
I bought to hold long term. I am not too worried about where the prices goes ( Although I would have liked to buy twice as much obviously) I didn't buy it as an investment but more as a peace of mind thing. I dont like that the price has crashed but honestly even with the price way down I feel better with a pile of metal than I do with digital numbers on some screen.
So what do you think? Is it time to buy? Is it going to continue to crash? Is shiny metal just dumb?
Harry Dent says we will see $500 gold and $5 silver in the coming years, Mike Maloney says we will see $10,000 oz gold and $200 silver. I dont really have a clue.
I dont trust our government to do the right thing, and if you dont trust the government you cant trust the currency they back. Sooner or later something is going to have to give on that 17 trillion we are in hock.
I bought to hold long term. I am not too worried about where the prices goes ( Although I would have liked to buy twice as much obviously) I didn't buy it as an investment but more as a peace of mind thing. I dont like that the price has crashed but honestly even with the price way down I feel better with a pile of metal than I do with digital numbers on some screen.
So what do you think? Is it time to buy? Is it going to continue to crash? Is shiny metal just dumb?
Harry Dent says we will see $500 gold and $5 silver in the coming years, Mike Maloney says we will see $10,000 oz gold and $200 silver. I dont really have a clue.
I dont trust our government to do the right thing, and if you dont trust the government you cant trust the currency they back. Sooner or later something is going to have to give on that 17 trillion we are in hock.