The end is near, I will collect cash, thank you..

Very good Green18!
(As was the parable of the talents..)
:angelbounce: Lucy

 

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I don't think those arguments are terribly accurate, in fact, if we took your arguments to be true we would come to the opposite conclusion based on the facts. China almost single handedly drove the metals to where they are now by buying up as much as they could get. They imported over 210 metric tons of gold last year, up 500% from the year before. A fortune 500 company wouldn't stockpile bullion gold regardless of what they thought about it. But I know several have assets that include mining stocks. That is a lot easier to explain to shareholders than a closet full of gold bars. There are plenty of valid reasons to think gold is at the top and plenty of valid reasons to think it still has a long way to go. Someone will be right and someone will probably be broke.

 

The OP has a good point. I have sold most of my junk silver and bullion related material I had been holding for several years (at a huge profit) and spent the money on my other hobby: StripClubbing. Believe me, in this recession the money went a long way lol!

I have reduced inventory in my business to have lots of cash for the right deal that walks up. Go out and buy lots of gold at these levels, not for me.

Sometimes its good to sell coins and enjoy your profits. Its easeier to buy coins than sell them, in Numismatics cash is King.

 

Very funny! Thank you for the good laugh this early in the morning.