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Is anybody still buying silver and gold?
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<p>[QUOTE="Cloudsweeper99, post: 1238053, member: 3011"]Gold and silver are following the same path as the tech stocks in the 1990s. It will probably end the same way. If you study that period and what people were saying and doing, there is a spooky resemblance. Now, some folks look at that situation and conclude that it proves how dangerous it is buying into a bull market, that all bubbles end badly, etc... But my takeaway is that enormous amounts of money were made by some people who recognized it for what it was and got out reasonably close to the end. The same thing is happening with PMs and the mining stocks. This has been, and continues to be an opportunity to build wealth that only comes around a few times in a lifetime, so it shouldn't be wasted. A lot of people are going to be financially crushed in the end, but a lot will also make and keep enough money to propel their financial lives to a new and higher level that can make a significant difference. </p><p><br /></p><p>Anyway, it's something to ponder.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1238053, member: 3011"]Gold and silver are following the same path as the tech stocks in the 1990s. It will probably end the same way. If you study that period and what people were saying and doing, there is a spooky resemblance. Now, some folks look at that situation and conclude that it proves how dangerous it is buying into a bull market, that all bubbles end badly, etc... But my takeaway is that enormous amounts of money were made by some people who recognized it for what it was and got out reasonably close to the end. The same thing is happening with PMs and the mining stocks. This has been, and continues to be an opportunity to build wealth that only comes around a few times in a lifetime, so it shouldn't be wasted. A lot of people are going to be financially crushed in the end, but a lot will also make and keep enough money to propel their financial lives to a new and higher level that can make a significant difference. Anyway, it's something to ponder.[/QUOTE]
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