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<p>[QUOTE="Cloudsweeper99, post: 1500659, member: 3011"]While the folks who bought gold in the early 70s did okay, those who bought in the late 70s did not. The same can be said today. Those who bought a decade ago have done okay, but those who buy today may not. And those who continue to hold, as those in the 70s did, may have to watch half or more of their value melt away after the top, and wait a very long time to get it back. I don't think this will happen soon, or I wouldn't own PMs. In fact, I think a bubble is probable and I hope to have the mental fortitude to sell into the rise and not get greedy. But I consider the eventual crash to be an inevitable outcome. The fact that gold can't go to zero is irrelevant to the investor seeking a high rate of return on their investments.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1500659, member: 3011"]While the folks who bought gold in the early 70s did okay, those who bought in the late 70s did not. The same can be said today. Those who bought a decade ago have done okay, but those who buy today may not. And those who continue to hold, as those in the 70s did, may have to watch half or more of their value melt away after the top, and wait a very long time to get it back. I don't think this will happen soon, or I wouldn't own PMs. In fact, I think a bubble is probable and I hope to have the mental fortitude to sell into the rise and not get greedy. But I consider the eventual crash to be an inevitable outcome. The fact that gold can't go to zero is irrelevant to the investor seeking a high rate of return on their investments.[/QUOTE]
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Gold is Silver and other interesting facts for the bullion investor.
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