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<p>[QUOTE="WingedLiberty, post: 1016086, member: 26030"]<p style="text-align: left"><span style="color: #000000">I dont pretend to be able to predict anything ... but from what i've seen bubbles are nearing a top when EVERYBODY is in and talking about it. </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">In 1999/2000, everybody was talking about the killing they were making in dot.com stocks (cab drivers, store clerks). Many of my coworkers were talking about it and participating in it.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">In 2006/2007, everybody was talking about the killing they were making in real estate (meetings of neighborhood real estate investment groups). Many people owned 2nd investment homes / rental properties. Tv shows called "flip this house", etc</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Fast forward today, I dont know anybody among my circle of friends, family, co-workers, other than myself that is into or owns Gold, Silver, Platinum, Palladium coins. Nobody is talking about this around the water cooler saying how much money they have made in their gold coins. I think most people dont realize the past 10 year increase in precious metal prices or really cares (except maybe the occasional jewelry buyer). Add in the fact that many GOVERNMENTS (India, China, etc) are buying gold and precious metals to diversify away from paper assets -- and the prospect of massive quatitative easing (money printing) by the US Govt. I think the precious metals have a long way to run. In any case, I would not be surprised of a 5 to 10% pullback anytime ... however that would be a buying opportunity as I think we are heading quite a bit higher over the next few years. </span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Just my opinion!</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="WingedLiberty, post: 1016086, member: 26030"][LEFT][COLOR=#000000]I dont pretend to be able to predict anything ... but from what i've seen bubbles are nearing a top when EVERYBODY is in and talking about it. In 1999/2000, everybody was talking about the killing they were making in dot.com stocks (cab drivers, store clerks). Many of my coworkers were talking about it and participating in it. In 2006/2007, everybody was talking about the killing they were making in real estate (meetings of neighborhood real estate investment groups). Many people owned 2nd investment homes / rental properties. Tv shows called "flip this house", etc Fast forward today, I dont know anybody among my circle of friends, family, co-workers, other than myself that is into or owns Gold, Silver, Platinum, Palladium coins. Nobody is talking about this around the water cooler saying how much money they have made in their gold coins. I think most people dont realize the past 10 year increase in precious metal prices or really cares (except maybe the occasional jewelry buyer). Add in the fact that many GOVERNMENTS (India, China, etc) are buying gold and precious metals to diversify away from paper assets -- and the prospect of massive quatitative easing (money printing) by the US Govt. I think the precious metals have a long way to run. In any case, I would not be surprised of a 5 to 10% pullback anytime ... however that would be a buying opportunity as I think we are heading quite a bit higher over the next few years. Just my opinion! [/COLOR][/LEFT][/QUOTE]
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