Message:

<p>[QUOTE=&quot;medoraman, post: 1438231, member: 26302&quot;]Very good book recommendations sir! I used to assign Mr. Malkiel&#039;s book in a class I taught actually. </p><p><br /></p><p>You are completely correct. Anyone who confidently &quot;knows&quot; where PM is going except for the obvious inflation adjustments is basically delusional or a salesman wanting your money. WingedLiberty is right, I don&#039;t know either, and I accept there isn&#039;t anyone really smarter than me on the subject, since its basically unknowable. Hundreds of variables account for the price every single day, most of them unknown today. A economic crisis here, debt default there, &quot;return to normalcy&quot;, or a major new find all can turn a commodity market on its head. </p><p><br /></p><p>Look at the history of the natural gas market the last few years to see how a ton of very educated PhD&#039;s had the economics completely right, yet the advent of fracturing utterly destroyed the foundation of their analysis. It happens every day, and those game changers cannot be seen today. </p><p><br /></p><p>Best I believe is diversify enough to be lucky in a few investments, and have an iron stomach to buy when the news media is making you sick to your stomach to do so. That is the only success I really have had. When I bought silver the media made fun of idiots who bought PM, when I bought stocks in early 2009 I had to take tums for going against common media sentiment that the sky is falling. Diversify and be a contrarian. </p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in