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The price of gold and what it's telling us?
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<p>[QUOTE="tommybee, post: 1015191, member: 24999"]The price of gold is telling us that people don't have any faith in fiat currency. They shouldn't. </p><p><br /></p><p>No one knows how this is going to turn out, yet. I have a position in silver. I've decided that I will sell half when/if it doubles purchase my price. If it doesn't, I'm going to ride it out unless I need to cash out because of an emergency. </p><p><br /></p><p>I might make some money. I might be sitting on 1000 oz of silver worth less than half of what I paid for it. There is risk. Just like any other investment.</p><p><br /></p><p>Also, if silver does fall, you don't have a loss until you sell. You can just sit tight and wait for it to rebound. Frankly, if silver went down to $10 oz I'd buy like crazy......[/QUOTE]</p><p><br /></p>
[QUOTE="tommybee, post: 1015191, member: 24999"]The price of gold is telling us that people don't have any faith in fiat currency. They shouldn't. No one knows how this is going to turn out, yet. I have a position in silver. I've decided that I will sell half when/if it doubles purchase my price. If it doesn't, I'm going to ride it out unless I need to cash out because of an emergency. I might make some money. I might be sitting on 1000 oz of silver worth less than half of what I paid for it. There is risk. Just like any other investment. Also, if silver does fall, you don't have a loss until you sell. You can just sit tight and wait for it to rebound. Frankly, if silver went down to $10 oz I'd buy like crazy......[/QUOTE]
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