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<p>[QUOTE="Sir Ed of Wynn, post: 1154566, member: 30371"]Don't know how to respond to most of your email. Not trying to make you upset. </p><p> </p><p>I doubt the internet was where people were getting most of their information in the eighties. It sure was not the case in the late 60's with the wallstreet "gunslingers" who had gold fixtures in their bathrooms one day and were contemplating jumping out a window the next. </p><p> </p><p>I am also sure the Dutch buying those tulip bulbs four hundred years ago thought that even though the price the were paying seemed ridiculously high, they were sure they were only in the early stages of the bubble, and there were plenty of bigger idiots left they could sell to. </p><p> </p><p>Lastly, I know lots of people who have gold and silver bullion, but those people won't be the ones who spell end of the silver rally. It will be the countless people with silver jewelry, tea service sets, silverware, coins they have taken out of circulation, and millions of ounces of other junk silver. There is a price that they will see as a very compelling point to convert all that junk silver into "fiat currency". When they do, the market will stutter, people will panic, and everyone will run for the door at the same time. The "internet" will greatly aid in this process and probably excerbate it. It might be at $50, $75 or $100, but it will happen. If I knew when, I would not be going to work everyday. </p><p> </p><p>The only point to my post was that any investment should be made cautiously and rationally, with as little emotion as possible. Even very smart people can lose money. Insert whatever snappy saying you wish at this point - Greed kills, pigs get slaughtered, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Sir Ed of Wynn, post: 1154566, member: 30371"]Don't know how to respond to most of your email. Not trying to make you upset. I doubt the internet was where people were getting most of their information in the eighties. It sure was not the case in the late 60's with the wallstreet "gunslingers" who had gold fixtures in their bathrooms one day and were contemplating jumping out a window the next. I am also sure the Dutch buying those tulip bulbs four hundred years ago thought that even though the price the were paying seemed ridiculously high, they were sure they were only in the early stages of the bubble, and there were plenty of bigger idiots left they could sell to. Lastly, I know lots of people who have gold and silver bullion, but those people won't be the ones who spell end of the silver rally. It will be the countless people with silver jewelry, tea service sets, silverware, coins they have taken out of circulation, and millions of ounces of other junk silver. There is a price that they will see as a very compelling point to convert all that junk silver into "fiat currency". When they do, the market will stutter, people will panic, and everyone will run for the door at the same time. The "internet" will greatly aid in this process and probably excerbate it. It might be at $50, $75 or $100, but it will happen. If I knew when, I would not be going to work everyday. The only point to my post was that any investment should be made cautiously and rationally, with as little emotion as possible. Even very smart people can lose money. Insert whatever snappy saying you wish at this point - Greed kills, pigs get slaughtered, etc.[/QUOTE]
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