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<p>[QUOTE="medoraman, post: 1686875, member: 26302"]Yeah, pretty severe drop.</p><p><br /></p><p>This is the danger of ONLY investing in one thing. I serious do not care what that one thing is.</p><p><br /></p><p>OTOH, in such situations is when people who are true long term holders stand out. Not right away, but if this market stays down for a while, please make sure you continue to buy. Don't go crazy, don't max out credit cards, but continue to buy when people are down on PM.</p><p><br /></p><p>Its hard to buy when all you read is negative about an asset. In 2009 the only thing you would hear about stocks was bad, but I bought anyway. It can turn your stomach listening to your head rather than your heart in investing, but its usually best long term. </p><p><br /></p><p>So, I would again say stay the course, and if you wish to long term hold PM as part of yoru portfolio continue to do so. Just do it gradually. Always remember markets can be irrational a lot longer than you can remain liquid.</p><p><br /></p><p>Personally, these markets are starting to make me feel better about buying some PM again. I am starting to look around at "junk" world gold and silver harder, depending on the premium.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1686875, member: 26302"]Yeah, pretty severe drop. This is the danger of ONLY investing in one thing. I serious do not care what that one thing is. OTOH, in such situations is when people who are true long term holders stand out. Not right away, but if this market stays down for a while, please make sure you continue to buy. Don't go crazy, don't max out credit cards, but continue to buy when people are down on PM. Its hard to buy when all you read is negative about an asset. In 2009 the only thing you would hear about stocks was bad, but I bought anyway. It can turn your stomach listening to your head rather than your heart in investing, but its usually best long term. So, I would again say stay the course, and if you wish to long term hold PM as part of yoru portfolio continue to do so. Just do it gradually. Always remember markets can be irrational a lot longer than you can remain liquid. Personally, these markets are starting to make me feel better about buying some PM again. I am starting to look around at "junk" world gold and silver harder, depending on the premium.[/QUOTE]
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