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<p>[QUOTE="medoraman, post: 962574, member: 26302"]Good post. I think these posts are healthy here in the PM section just for making everyone think why they are accumulating PM's. I myself bought my "position" a long time ago and only buy PM if I happen to buy some coins I like. However, I am daily reading the general press, (numismatic and PM press always says "buy more, the end is near"), listening to how many people suggest PM investment. When it gets near the fever pitch it was in 1980 I am selling all PM short of true numismatic coins. Its all cycles, like dot com stocks, real estate, REIT's, etc. I wait until the most people are advocating them, then you know its time to get out.</p><p><br /></p><p>Btw, did you know that stock brokers opinions are about the best COUNTER indicators? Meaning the stocks that brokers recommend most are the most likely to go down. Just something to think about. I have said it many times, real money is made when either no one is looking or everyone hates something.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 962574, member: 26302"]Good post. I think these posts are healthy here in the PM section just for making everyone think why they are accumulating PM's. I myself bought my "position" a long time ago and only buy PM if I happen to buy some coins I like. However, I am daily reading the general press, (numismatic and PM press always says "buy more, the end is near"), listening to how many people suggest PM investment. When it gets near the fever pitch it was in 1980 I am selling all PM short of true numismatic coins. Its all cycles, like dot com stocks, real estate, REIT's, etc. I wait until the most people are advocating them, then you know its time to get out. Btw, did you know that stock brokers opinions are about the best COUNTER indicators? Meaning the stocks that brokers recommend most are the most likely to go down. Just something to think about. I have said it many times, real money is made when either no one is looking or everyone hates something.[/QUOTE]
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