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<p>[QUOTE="desertgem, post: 2103102, member: 15199"]I remember almost just a couple of decades ago, gold was at $390 something and almost no one wanted to buy as it had been going down for the previous 10-12 years, I received a windfall event and my buddy and I went to the big city and bought 'some' . The dealer was happy to see us, as most coming in wanted to sell, and he was surviving on slim premiums, so we got some great deals on Saints and other classics. Went the next year, but he was gone. My point is, almost everyone says they will buy, buy, back up the truck as it starts down, but after several years, many painfully finds they need braces for the kids, mom needs surgery, the company is closing down, etc. and most have no ready reserve. If they take it out of their IRA, they have to pay the taxes, etc., so the pm may have to go for much less than paid. Many think, well if I buy mostly PM now, I will diversify later in life. The old saying " Man plans, God laughs" applies. Good Living![/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 2103102, member: 15199"]I remember almost just a couple of decades ago, gold was at $390 something and almost no one wanted to buy as it had been going down for the previous 10-12 years, I received a windfall event and my buddy and I went to the big city and bought 'some' . The dealer was happy to see us, as most coming in wanted to sell, and he was surviving on slim premiums, so we got some great deals on Saints and other classics. Went the next year, but he was gone. My point is, almost everyone says they will buy, buy, back up the truck as it starts down, but after several years, many painfully finds they need braces for the kids, mom needs surgery, the company is closing down, etc. and most have no ready reserve. If they take it out of their IRA, they have to pay the taxes, etc., so the pm may have to go for much less than paid. Many think, well if I buy mostly PM now, I will diversify later in life. The old saying " Man plans, God laughs" applies. Good Living![/QUOTE]
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