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never seen silver drop so fast $25.85
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<p>[QUOTE="WoodyWW, post: 1689139, member: 26001"]People who had 1/2 their net worth or so then in PM suddenly felt like schmucks for not having sold some--I remember a coin dealer telling me in late 1979 or very early 1980 that it was time to sell PM & rare coins & go to cash. Did I listen? Of course not. And then cash did become the thing to have as a nasty recession set in. And there are always people who <i>have to sell</i> at the wrong time; that's the way bear markets work.</p><p><br /></p><p>I got an e-mail apmex ad today. Their reasons for buying silver: "The value of silver has gone up 500% since 2000" (the "buy whatever's already gone up the most" theory of investing I suppose), </p><p><br /></p><p>&: "1 oz of silver costs less than a tank of gas". Really??? That's a reason to buy silver?? Does that make sense to anyone? I have an 18 gallon tank; if at some point they send me an ad: "<b>Five</b> ounces of silver costs less than a tank of gas", I'll get really interested....</p><p><br /></p><p>I have no clue <i>what</i> will happen with silver prices of course.....but a lot of people who went all in at $30 may start to Lose the Faith I think should it go to $10-$12 and stay there for a long time.....[/QUOTE]</p><p><br /></p>
[QUOTE="WoodyWW, post: 1689139, member: 26001"]People who had 1/2 their net worth or so then in PM suddenly felt like schmucks for not having sold some--I remember a coin dealer telling me in late 1979 or very early 1980 that it was time to sell PM & rare coins & go to cash. Did I listen? Of course not. And then cash did become the thing to have as a nasty recession set in. And there are always people who [I]have to sell[/I] at the wrong time; that's the way bear markets work. I got an e-mail apmex ad today. Their reasons for buying silver: "The value of silver has gone up 500% since 2000" (the "buy whatever's already gone up the most" theory of investing I suppose), &: "1 oz of silver costs less than a tank of gas". Really??? That's a reason to buy silver?? Does that make sense to anyone? I have an 18 gallon tank; if at some point they send me an ad: "[B]Five[/B] ounces of silver costs less than a tank of gas", I'll get really interested.... I have no clue [I]what[/I] will happen with silver prices of course.....but a lot of people who went all in at $30 may start to Lose the Faith I think should it go to $10-$12 and stay there for a long time.....[/QUOTE]
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never seen silver drop so fast $25.85
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