Message:

<p>[QUOTE=&quot;SilverSurfer, post: 983240, member: 21603&quot;]I find it oddly amusing that you&#039;d sell your PM investment because some lunatic is cashing in his 401K early, or some rich person (anyone who can drop 20K on PM in the blink of an eye isn&#039;t exactly poor), buying 20K worth of PMs.&nbsp; I can understand if PM were in some sort of bubble, but being in a bubble would require everybody and his brother to be interested in investing in that particular investment.</p><p><br /></p><p>I remember in 2006, when the number of people foreclosing on their properties was starting to increase, videos came out with so called &quot;experts&quot; telling people to take out a loan and buy up all these foreclosing houses because the price of houses has been going up, up, up and if you sell it a few years from now, you&#039;re guaranteed to make a profit.&nbsp; Well, we all know how that ended.</p><p><br /></p><p>Find a financial adviser.&nbsp; Tell them you want to allocate 30-40% of your money in PMs, see what they tell you.&nbsp; My guess is that you&#039;ll hear this, &quot;you can&#039;t make any money in PMs.&nbsp; They don&#039;t have dividends and you have to pay to store them.&quot; If PMs were in a bubble, the adviser would be telling you 40% isn&#039;t enough.&nbsp; I think we are a long way off of a bubble in PMs.</p><p><br /></p><p>Gold has gone up about 15% on average for the last 10 years.</p><p><br /></p><p>$280</p><p>1 yr.&nbsp;&nbsp; $322</p><p>2 yrs.&nbsp; $370</p><p>3 yrs.&nbsp; $425</p><p>4 yrs.&nbsp; $489</p><p>5 yrs.&nbsp; $563</p><p>6 yrs.&nbsp; $647</p><p>7 yrs.&nbsp; $744</p><p>8 yrs.&nbsp; $856</p><p>9 yrs.&nbsp; $985</p><p>10yrs.&nbsp; $1132</p><p>We appear to be around here now.</p><p>11yrs.&nbsp; $1302</p><p>12yrs.&nbsp; $1498</p><p>13yrs.&nbsp; $1722</p><p>14yrs.&nbsp; $1981</p><p>15yrs.&nbsp; $2278</p><p>16yrs.&nbsp; $2620</p><p><br /></p><p>So, in 6 years if things keep on like they are $2600 an ounce gold isn&#039;t out of the question.&nbsp; Of course this is assuming nothing changes and past performance is no indicator of future performance.&nbsp; But we are assuming nothing like massive amounts of money printing by the Fed, the lose of confidence of the U.S. fed notes as the worlds reserve currency, and the U.S. gov. figuring out how to handle burgeoning deficit in the next 3-4 years before the interest on the debt alone is 60% of our entire GDP.[/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