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Is it time to sell gold at $1340 per ounce?
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<p>[QUOTE="Doc J, post: 4523234, member: 29599"]I am a collector. I have ~1% of my assets in PM. I do like it when the prices go up and don't care when they go down.</p><p><br /></p><p>I think a lot of people that buy gold and silver are saving money. They probably also have a 401K at work and maybe some sort of savings account. They like backing up their equity, CD's, and bonds with some gold and silver. Good for them.</p><p><br /></p><p>I remember reading recently that most (50%) of adults don't have an extra $600 in emergency funds. They didn't save nothing including silver. They'd rather spend $6 on coffee at Starbucks (instant gratification vs. long term savings).[/QUOTE]</p><p><br /></p>
[QUOTE="Doc J, post: 4523234, member: 29599"]I am a collector. I have ~1% of my assets in PM. I do like it when the prices go up and don't care when they go down. I think a lot of people that buy gold and silver are saving money. They probably also have a 401K at work and maybe some sort of savings account. They like backing up their equity, CD's, and bonds with some gold and silver. Good for them. I remember reading recently that most (50%) of adults don't have an extra $600 in emergency funds. They didn't save nothing including silver. They'd rather spend $6 on coffee at Starbucks (instant gratification vs. long term savings).[/QUOTE]
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