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<p>[QUOTE="mikem2000, post: 2221460, member: 30574"]For me, it is strictly and odds thing. I am well aware things could go different than I am thinking, but I am certainly on the correct side of history. You just can't control everything. All you can do is take your best shot.</p><p><br /></p><p>As far as the all-in crowd, yes, I think they are the most reckless, and most likely to have an unhappy outcome. Those folks were telling me they were all in, so I was not assuming anything. It really did end badly for them. We have a large stacker crowd where I work, so I know a lot of those folks who got clobbered personally.</p><p><br /></p><p>For the preppers, I really never had much negative to say to the ones that were diversified and covering all the bases. I mean you really can't argue with that. For me however, I just never thought is was worth the effort since you just can't plan for everything. Plus, I never felt it was worth planning to be the King of the disaster, it is still a disaster. I would rather focus on positioning myself for the good times. Makes sense to me.</p><p><br /></p><p>As far as being diversified, I have always been all about that and agree it is positive. I am against adding what I believed was overpriced commodities (and was correct) to the mix just for the sake of diversification. I have always believed the time to add commodities was when they are trading very cheap (below the cost of production). That will give you the best chance for success.</p><p><br /></p><p><br /></p><p>BTW, I think I told you before, I still have a small amount of Gold left over, when I sold my holdings. I also picked up $100 face since they price is getting down there, and I really like coins.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 2221460, member: 30574"]For me, it is strictly and odds thing. I am well aware things could go different than I am thinking, but I am certainly on the correct side of history. You just can't control everything. All you can do is take your best shot. As far as the all-in crowd, yes, I think they are the most reckless, and most likely to have an unhappy outcome. Those folks were telling me they were all in, so I was not assuming anything. It really did end badly for them. We have a large stacker crowd where I work, so I know a lot of those folks who got clobbered personally. For the preppers, I really never had much negative to say to the ones that were diversified and covering all the bases. I mean you really can't argue with that. For me however, I just never thought is was worth the effort since you just can't plan for everything. Plus, I never felt it was worth planning to be the King of the disaster, it is still a disaster. I would rather focus on positioning myself for the good times. Makes sense to me. As far as being diversified, I have always been all about that and agree it is positive. I am against adding what I believed was overpriced commodities (and was correct) to the mix just for the sake of diversification. I have always believed the time to add commodities was when they are trading very cheap (below the cost of production). That will give you the best chance for success. BTW, I think I told you before, I still have a small amount of Gold left over, when I sold my holdings. I also picked up $100 face since they price is getting down there, and I really like coins.[/QUOTE]
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