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<p>[QUOTE=&quot;krispy, post: 1745834, member: 19065&quot;]A thought. It&#039;s classic. It&#039;s the classic warning to PM bugs that those who have seen it before warn them about when the market is bullish and everyone&#039;s buying at high spot prices.</p><p>&nbsp;</p><p>This is the nature of the beast and it always catches some off guard. Life and timing are part of the investment too, no matter how much you plan for it you can never expect to be totally protected from the unknowns.</p><p>&nbsp;</p><p>Stackers like to think that when they need to use/sell their bullion it will be at some future point in time when crisis is everywhere affecting others around them, but that they&#039;ll be buffered by their bullion and afforded options other don&#039;t have. That is the risk in believing a future in their favor, where somehow the problems others are dealing with don&#039;t affect them. But when PMs are down in the market and perhaps trading for less than over zealous buyers bought it for in the first place, bullion is a burden. For those in a crunch like this, any problem in life that demands they liquidate bullion comes at the worst possible time for their investment, and that&#039;s a stressful time when life is not in their favor and they know they are loosing money by selling, even if they can see to a time beyond the immediate financial demand for accessing cash they have tied up in metals.</p><p>&nbsp;</p><p>Dealers selling during bull markets make their money as prices rise when the headlines sew panic in buyers to react, and the same dealers buy it back at a fraction of the cost on the way down when similarly people flee the investment or have life force their hand. One simply can&#039;t beat time in this investment, just like no one knows when is the best time to buy or sell. The best many can do is try to stay reasonably balanced in cash, physical and other asset types, and carry no debt, so you can ride through the long periods when prices are not in favor, or stagnate. And so you can buy when others must sell and get PMs at the lowest possible price. For some these things come as a hard lesson, but far more refuse the lesson and the cycle repeats.[/QUOTE]</p><p><br /></p>

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