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Horror The bond traders are white with fear!
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<p>[QUOTE="chasva69, post: 607865, member: 18014"]The author predicted the Dow could test its March lows and recommended:</p><p> </p><p>"<b>If the Dow industrials and transports break the lows, I would seriously consider moving 5% of your IRA and 401k money out and into physical gold on the next correction in gold.</b> Looking back, you should have bought gold bullion in a pyramid formation instead of opening IRA and 401k accounts. It's too late to turn that clock back. It's a small number, but you may not need that much insurance than 5% given the magnitude of the dangers at hand."</p><p> </p><p>Well, I'm far from being a goldbug, but that recommendation of having 5% of your net worth in gold hardly seems earth-shattering, and in fact, seems prudent. I'm sure most if the gold bugs around here think the percentage should be much much higher.[/QUOTE]</p><p><br /></p>
[QUOTE="chasva69, post: 607865, member: 18014"]The author predicted the Dow could test its March lows and recommended: "[B]If the Dow industrials and transports break the lows, I would seriously consider moving 5% of your IRA and 401k money out and into physical gold on the next correction in gold.[/B] Looking back, you should have bought gold bullion in a pyramid formation instead of opening IRA and 401k accounts. It's too late to turn that clock back. It's a small number, but you may not need that much insurance than 5% given the magnitude of the dangers at hand." Well, I'm far from being a goldbug, but that recommendation of having 5% of your net worth in gold hardly seems earth-shattering, and in fact, seems prudent. I'm sure most if the gold bugs around here think the percentage should be much much higher.[/QUOTE]
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