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The Book: "Aftershock" ... Opinions?
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<p>[QUOTE="Zuhara, post: 856229, member: 23099"]I haven't read the book, but I would guess that if you read it, it probably struck some chord with you (or your avatar <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> ). I have two reactions to this kind of literature: the first is, that there is money to be made out of fear. The second is that even so, many responsible, non-hysterical people feel that some investment in PMs is prudent as a hedge against currency/political disasters. A sort of insurance policy. One has to make up their own mind, but personally, the insurance policy approach works for me.</p><p> </p><p>But it depends on your age and situation. Especially for young people, I think counting on disaster or worrying about it too much is often a waste of time and money. Younger people will likely do better if they invest in education or acquiring knowledge or skill, or starting a business, or even travel, than putting it towards a heap of shiny metal that sits around doing nothing. If you are older, with an established life and savings to protect, it may be a different story.</p><p> </p><p>I think sunflower said here that one shouldn't invest more than one would be comfortable seeing go down to half its value. Sounds like a good rule to me.</p><p>.[/QUOTE]</p><p><br /></p>
[QUOTE="Zuhara, post: 856229, member: 23099"]I haven't read the book, but I would guess that if you read it, it probably struck some chord with you (or your avatar :) ). I have two reactions to this kind of literature: the first is, that there is money to be made out of fear. The second is that even so, many responsible, non-hysterical people feel that some investment in PMs is prudent as a hedge against currency/political disasters. A sort of insurance policy. One has to make up their own mind, but personally, the insurance policy approach works for me. But it depends on your age and situation. Especially for young people, I think counting on disaster or worrying about it too much is often a waste of time and money. Younger people will likely do better if they invest in education or acquiring knowledge or skill, or starting a business, or even travel, than putting it towards a heap of shiny metal that sits around doing nothing. If you are older, with an established life and savings to protect, it may be a different story. I think sunflower said here that one shouldn't invest more than one would be comfortable seeing go down to half its value. Sounds like a good rule to me. .[/QUOTE]
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The Book: "Aftershock" ... Opinions?
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