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<p>[QUOTE="RaceBannon, post: 1234526, member: 25357"]Where would we be without the "doom and gloom" crowd?</p><p><br /></p><p>While I believe that we're in the middle of a bull market in PMs, and that fiat currencies will inevitably lose purchasing power over time, I don't subscribe to the theory that the global economic system is on the verge of collapse, leading to a post apocalyptic Mad Max type world in which precious metals, ammunition and gasoline will be the accepted forms of monetary exchange. </p><p><br /></p><p>But I've got to admit, as a holder of silver and gold bullion, your opinion is not only widely held, it is making me money. Or at least protecting me from the erosion of the value of the dollars I'm paid in. The trick to the game is trying to time the market, to sell your precious metal holdings when they are at or near their peak. I don't believe we've seen that yet.</p><p><br /></p><p>As to the original poster's point, I've slowed my buying as silver hit $40 and Gold $1500, when the price of the metals dips, I'll buy again.[/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1234526, member: 25357"]Where would we be without the "doom and gloom" crowd? While I believe that we're in the middle of a bull market in PMs, and that fiat currencies will inevitably lose purchasing power over time, I don't subscribe to the theory that the global economic system is on the verge of collapse, leading to a post apocalyptic Mad Max type world in which precious metals, ammunition and gasoline will be the accepted forms of monetary exchange. But I've got to admit, as a holder of silver and gold bullion, your opinion is not only widely held, it is making me money. Or at least protecting me from the erosion of the value of the dollars I'm paid in. The trick to the game is trying to time the market, to sell your precious metal holdings when they are at or near their peak. I don't believe we've seen that yet. As to the original poster's point, I've slowed my buying as silver hit $40 and Gold $1500, when the price of the metals dips, I'll buy again.[/QUOTE]
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