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Message:: [QUOTE="medoraman, post: 1574939, member: 26302"]This is the answer I would have given you Fatima. Over the course of a decade of two people retired and needed money, ran into health problems, money problems, etc and didn't have the ability to wait until the market went back up. I saw many of them, some every coin show, having to sell and not happy having to sell at such low PM markets. It happens though, with PM just like stocks or collectible coins or farmland or anything else in life. Sometimes you have to sell when the market is low if that is the main asset you own. That is another reason I preach diversity, you never know which market might be in a huge bear market when you need to sell. If you are diversified, you can sell assets in bull markets and afford to sit on undervalued assets until they go back up. I know you are going to say its a "personal anecdote", (btw, isn't saying "don't know of a single person that lost money owning physical gold & silver in the 1980s or 1990s." a personal anecdote Fatima?), but I met men who had to sell in the 80's and 90's nearly every month. Some made money because they bought in the 70's, but others lost big because they bought when the market was "hot".[/QUOTE]