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<p>[QUOTE=&quot;krispy, post: 1014775, member: 19065&quot;]<font size="1"><span style="color: navy">This post is for general illustrative purposes and not to openly criticize the OP by such example. We assume the OP and others are fully capable of making and living by their own decisions, and are the only ones who truly know how best to abide by the choices they make. Please understand this is more as a demonstration of action vs. restraint in investing ideas.</span></font></p><p><br /></p><p>Yesterday, at 4:30 pm the OP asked <b><a href="http://www.cointalk.showthread.php?t=134233&amp;pagenumber=" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.cointalk.showthread.php?t=134233&amp;pagenumber=" rel="nofollow">Where to buy palladium?</a></b>, to which was <a href="http://www.cointalk.com/showthread.php?t=134233&amp;p=1013926&amp;viewfull=1#post1013926" class="internalLink ProxyLink" data-proxy-href="http://www.cointalk.com/showthread.php?t=134233&amp;p=1013926&amp;viewfull=1#post1013926">supplied</a> several commonly cited bullion web sites, amongst them <a href="https://online.kitco.com/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://online.kitco.com/" rel="nofollow">Kitco&#039;s online bullion store</a>. At 6:16 pm yesterday this <b>KITCO Pool Account</b> thread was born and it quickly filled with various perspectives on the topic. In less than 24 hours, at 4:10 PM today (see post #16 above) the OP has reported mailing funds to presumably open a Kitco Pool Account without knowing how long it will take to engage. [Let us also presume that these funds were mailed in a secure fashion with some sort of delivery confirmation or signature required to confirm receipt by the receiver thus lessening the delay left wondering about when the account will become active.] </p><p><br /></p><p>It appears that out of the 15 or so posts one person had first hand user experience with Kitco Pool Accounts. They more or less warn that getting into this comes with significant risk of failure, to expect to loose the money you invest or to think of the money you invest with as something you can just throw away! That&#039;s not &#039;wealth protection&#039; investing advice, by my interpretation, nor is it a positive outlook if seeking profitability. It&#039;s a crap-shoot. Gambling. The sort of thing that robs many investors of their hard earned money. It&#039;s a careless attitude and a careless approach to investing.</p><p><br /></p><p>So was the advice sought here heeded? Were alternate options or competitive pool accounts fully compared and explored? Were the risks weighed or even understood? </p><p><br /></p><p>I fear this demonstrates the sort of risks the headlines propel investors to take and risks the hucksters we encounter pushing PMs <i>want</i> investors to make. It&#039;s this bums-rush style of selling something, backed by fear and a pressing need for immediate action that we should be wary about. It demonstrates the seriously rushed style of decision making that will crush many (bullion) investors during this run up. It may signal a need for greater caution if you are a buyer. It&#039;s very concerning and we will likely be seeing a lot more of this type of investment behavior and will continue to see more of these risky maneuvers in the weeks and months to come.</p><p><br /></p><p>Remember not to &#039;jump&#039; into investing. Don&#039;t act out of emotion and <i>take your time</i> to learn the pitfalls, to see if you have the stamina to run the course, and not just toss your hands up if you loose a lot or all of your money on a crap-shoot because the opportunity was before you. These metals have been around for centuries, and won&#039;t go away anytime soon while we are saving money and learning how best to invest these funds, be it metals or anything else... and there is more to invest in than just metals.</p><p><br /></p><p>Good luck and good investing to all. :thumb:[/QUOTE]</p><p><br /></p>

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