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<p>[QUOTE="desertgem, post: 993925, member: 15199"]Please read Cloudsweeper99 posting above many times. Sometimes the Bullion Investing group seems to be the Gambler's forum. Precious metals is an area to help balance a range of investments. But as the prices go up, caution should also go up rather than the reverse. Many of us have been through these cycles before, and it always seems that the smaller person who doesn't do investing on a professional level is the one who gets hurt the most. To think that values will always continue only upward has occurred in the stock market, housing, precious gems, real estate, Forex trading, Option trading, etc. All thought that the downward move would be easily seen and every one could get out.....and that is the problem. The more people that try to get out, the steeper the fall. People who had homes or stock based IRAs that fell 30% know the hurt, and it occurred fairly slowly ( months). I can easily see Gold falling by 30% within a week due to its liquidity. But, since I limit myself currently to 5%-10% PM, I am not too concerned about it either way at the moment ( at $800 oz, I went gradually from a 40% PM to current, so I am not anti-PM, just balanced.</p><p><br /></p><p>I concur with only "investing" what you can afford to lose and not affect your life plans. IMO.</p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 993925, member: 15199"]Please read Cloudsweeper99 posting above many times. Sometimes the Bullion Investing group seems to be the Gambler's forum. Precious metals is an area to help balance a range of investments. But as the prices go up, caution should also go up rather than the reverse. Many of us have been through these cycles before, and it always seems that the smaller person who doesn't do investing on a professional level is the one who gets hurt the most. To think that values will always continue only upward has occurred in the stock market, housing, precious gems, real estate, Forex trading, Option trading, etc. All thought that the downward move would be easily seen and every one could get out.....and that is the problem. The more people that try to get out, the steeper the fall. People who had homes or stock based IRAs that fell 30% know the hurt, and it occurred fairly slowly ( months). I can easily see Gold falling by 30% within a week due to its liquidity. But, since I limit myself currently to 5%-10% PM, I am not too concerned about it either way at the moment ( at $800 oz, I went gradually from a 40% PM to current, so I am not anti-PM, just balanced. I concur with only "investing" what you can afford to lose and not affect your life plans. IMO. Jim[/QUOTE]
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