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PM's in a nose dive today
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<p>[QUOTE="medoraman, post: 1334155, member: 26302"]I would buy into the 50's and 60's as well, its just a matter of WHEN it would be 50 or 60. If next year, I am selling at that price. If in 8 or ten years, that will be considered a reasonable price. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Point is, everyone will nominally probably make money on PM, since its a commodity and in an inflationary environment will go up over time. Many people brag about "making money" in commodities, but never consider if they could have done better over that period in other investments. In the last 3 years yes everyone has done well. Recognize, though, we are no longer in an $8 an ounce market where almost all possible price changes are upside possibility. Its high enough now that there is a risk of further declines.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1334155, member: 26302"]I would buy into the 50's and 60's as well, its just a matter of WHEN it would be 50 or 60. If next year, I am selling at that price. If in 8 or ten years, that will be considered a reasonable price. :) Point is, everyone will nominally probably make money on PM, since its a commodity and in an inflationary environment will go up over time. Many people brag about "making money" in commodities, but never consider if they could have done better over that period in other investments. In the last 3 years yes everyone has done well. Recognize, though, we are no longer in an $8 an ounce market where almost all possible price changes are upside possibility. Its high enough now that there is a risk of further declines.[/QUOTE]
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