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<p>[QUOTE="tauferners, post: 978765, member: 20053"]An astounding <b>NO</b>. I wanted to do this 1-1/2 years ago when gold was @ <$950/oz & silver <$12/oz but I do not have a 401K & could not draw out without seperation from my employer. I also would not have advised anyone else to do it with their money, but was what I what I wanted to do with mine. Yes a bit of a gamble but as we see it would have paid off nicely, or to this point it would appear so. Timing is key, you have to know when to get in and when to get out, I did guess right on when to get in and maybe it was good that I did not, because I can say I don't know when would be a good time to get out. If I had that position right now, I would be getting out. You do not want to be getting in when others have made profits and are getting out. Since I could not draw out I decidied to "feed the machine" as RhinoEmpire said by bumping up my contribution and in effect DCA my way out and weather the storm. It has worked out nicely and am happy with my current position.[/QUOTE]</p><p><br /></p>
[QUOTE="tauferners, post: 978765, member: 20053"]An astounding [B]NO[/B]. I wanted to do this 1-1/2 years ago when gold was @ <$950/oz & silver <$12/oz but I do not have a 401K & could not draw out without seperation from my employer. I also would not have advised anyone else to do it with their money, but was what I what I wanted to do with mine. Yes a bit of a gamble but as we see it would have paid off nicely, or to this point it would appear so. Timing is key, you have to know when to get in and when to get out, I did guess right on when to get in and maybe it was good that I did not, because I can say I don't know when would be a good time to get out. If I had that position right now, I would be getting out. You do not want to be getting in when others have made profits and are getting out. Since I could not draw out I decidied to "feed the machine" as RhinoEmpire said by bumping up my contribution and in effect DCA my way out and weather the storm. It has worked out nicely and am happy with my current position.[/QUOTE]
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