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<p>[QUOTE=&quot;medoraman, post: 979426, member: 26302&quot;]Warren Buffett is famous for amassing huge stockpiles of cash. He does so when there just isn&#039;t anything attractively priced. He frequently gets flack from people telling him he should &quot;put the money to work&quot;. Sometimes just sitting liquid is a viable alternative. He had tens of billions in cash when the latest financial meltdown hit, and he made many billions, maybe tens of billions, by being there with cash ready to invest. He famously said of the time, &quot;when it is raining money, you bring buckets not thimbles&quot;. </p><p><br /></p><p>My background is finance, but I have never liked the adage that you always had to put your money to work. Sometimes sitting on the sidelines waiting for your opportunity is a fine strategy. I am doing that with PM markets right now, waiting to see if there is a time to add to holdings or a time to liquidate my remaining holdings. To me, and just to me, its a time to sell gold and hold on silver. Your mileage may vary. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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