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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="fools_gold, post: 1036573, member: 20669"]Well that is quite a thought indeed. And just as we have gold bulls, it's healthy to have other thoughts regarding PM's. I think it's way too soon to even think that this dip, which may be shallow is anything to be worried about. As you've mentioned, this week was the week to keep an eye on PM's. Already we are seeing the dips early in the week. Who knows what the outcome will be by Friday.</p><p><br /></p><p>As for those waiting for the dips. There will always be those waiting for dips. It's a vicious cycle. When PM's do dip, you hold off purchasing because now you are questioning the strength of PM's....then when they go up, you wish you've bought during the dips.......</p><p><br /></p><p>I do think the price of metals ran up too fast. I remember mentioning that I wasn't comfortable with the prices of metals. I think gold was around $1420......I'm glad I didn't pull the trigger or else I'd be looking at good $50-60 loss.....</p><p><br /></p><p>Storing cotton is a good idea, storing anything you can get your hands on at cheap prices today will only help. Last year I bought tons of toothbrushes. I know that sounds silly, but I still have a lot left. If you really think about it, if you can purchase things that don't spoil now, then you are good to go down the road.</p><p><br /></p><p>The hard part is spending all that cash for which seems so silly.....but mathematically it makes economical sense.....[/QUOTE]</p><p><br /></p>
[QUOTE="fools_gold, post: 1036573, member: 20669"]Well that is quite a thought indeed. And just as we have gold bulls, it's healthy to have other thoughts regarding PM's. I think it's way too soon to even think that this dip, which may be shallow is anything to be worried about. As you've mentioned, this week was the week to keep an eye on PM's. Already we are seeing the dips early in the week. Who knows what the outcome will be by Friday. As for those waiting for the dips. There will always be those waiting for dips. It's a vicious cycle. When PM's do dip, you hold off purchasing because now you are questioning the strength of PM's....then when they go up, you wish you've bought during the dips....... I do think the price of metals ran up too fast. I remember mentioning that I wasn't comfortable with the prices of metals. I think gold was around $1420......I'm glad I didn't pull the trigger or else I'd be looking at good $50-60 loss..... Storing cotton is a good idea, storing anything you can get your hands on at cheap prices today will only help. Last year I bought tons of toothbrushes. I know that sounds silly, but I still have a lot left. If you really think about it, if you can purchase things that don't spoil now, then you are good to go down the road. The hard part is spending all that cash for which seems so silly.....but mathematically it makes economical sense.....[/QUOTE]
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