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<p>[QUOTE="Clawcoins, post: 2647858, member: 77814"]I would have to assume that you bought heavily into PMs at a much higher price than they are right now, and didn't sell on a downwards trend.</p><p><br /></p><p>For the market to go from 20K to 2k would have to have a complete and utter shutdown of the economy. Just studying and seeing the economy back in 2007/10 where the market went from 14k to around 6.5k.</p><p><br /></p><p>In my neighborhood probably around 30%+ of the houses were foreclosed on at one point or another, at least it seemed like it just driving around and watching.</p><p><br /></p><p>I do not see the indicators of a market collapse like we had in 2007-2009.</p><p><br /></p><p>The key to any investment, is having a plan of when to sell no matter what. A small loss can get to be a bigger loss if you think it's going to bounce back and it doesn't. A small loss may put you in a position of losing a bounce, unless you watch for bounce indicators to hold instead.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2647858, member: 77814"]I would have to assume that you bought heavily into PMs at a much higher price than they are right now, and didn't sell on a downwards trend. For the market to go from 20K to 2k would have to have a complete and utter shutdown of the economy. Just studying and seeing the economy back in 2007/10 where the market went from 14k to around 6.5k. In my neighborhood probably around 30%+ of the houses were foreclosed on at one point or another, at least it seemed like it just driving around and watching. I do not see the indicators of a market collapse like we had in 2007-2009. The key to any investment, is having a plan of when to sell no matter what. A small loss can get to be a bigger loss if you think it's going to bounce back and it doesn't. A small loss may put you in a position of losing a bounce, unless you watch for bounce indicators to hold instead.[/QUOTE]
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