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<p>[QUOTE="desertgem, post: 1241649, member: 15199"]We talk about investors and speculators, but I think that both of these definitions have to include an exit plan in order to preserve any profit made. Many here buy and will still have it all years from now when prices <b>may</b> be great, but may instead be just a portion of current. So many people think that the future will never be better, the world finance will never heal, and PM will always go up year to year. The idea that the $USD becomes actually worthless is really ignorant of the underlying resources of the US and the resources of the rest of the world comparatively, IMO.</p><p><br /></p><p>Thus many should be classified as Accumulators or Hoarders, those who buy with no intent of selling, and will clink the bullion coins like a talisman awaiting the elimination of "fiat" money, and those who like "Midas" likes the look, sound, and feel of PM. </p><p><br /></p><p>There is nothing wrong with being any of the three types ( Investors, Speculators, or Accumulators), but it is financially dangerous to think you are one of the first two without an exit plan for reaping profit. </p><p>IMHO.</p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1241649, member: 15199"]We talk about investors and speculators, but I think that both of these definitions have to include an exit plan in order to preserve any profit made. Many here buy and will still have it all years from now when prices [B]may[/B] be great, but may instead be just a portion of current. So many people think that the future will never be better, the world finance will never heal, and PM will always go up year to year. The idea that the $USD becomes actually worthless is really ignorant of the underlying resources of the US and the resources of the rest of the world comparatively, IMO. Thus many should be classified as Accumulators or Hoarders, those who buy with no intent of selling, and will clink the bullion coins like a talisman awaiting the elimination of "fiat" money, and those who like "Midas" likes the look, sound, and feel of PM. There is nothing wrong with being any of the three types ( Investors, Speculators, or Accumulators), but it is financially dangerous to think you are one of the first two without an exit plan for reaping profit. IMHO. Jim[/QUOTE]
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