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<p>[QUOTE=&quot;Herodotus, post: 4601649, member: 111387&quot;]There are other charts that express the emotions of the &#039;boom &amp; bust&#039; cycle in varying styles, but this one essentially gets the jist...</p><p><br /></p><p><img src="https://miro.medium.com/max/486/0*tIdgIC8iTG1mjRQY." class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>Per investing in commodities...</p><p><br /></p><p>The key is to buy below the median line and sell above the median line.&nbsp; </p><p><br /></p><p>Where do you think the price of gold is at right now as it relates to the chart shown above.. Above or below that dotted line?</p><p><br /></p><p>The time to buy is after the majority have sold and are afraid to buy.&nbsp; The time to sell is after the majority have bought and are afraid to sell.</p><p><br /></p><p>If a person is looking to ride short-term waves, one ought to be sure that they know how to surf so that they don&#039;t drown.&nbsp; One also has to keep an eye out for sharks.&nbsp; </p><p><br /></p><p>Gold is a poor short-term investment, and ought to best be considered as a hedge -- A tool in a greater long-term investment strategy.&nbsp; Much in the same way that an oil company might sell(short) oil contract futures to hedge (as a loss-limiter) for when oil spot prices flounder.&nbsp; While gold is a traditional safe-haven, it is still beholden to the philosophy that markets act irrationally.</p><p><br /></p><p>One of the most foolish actions that any investor can employ is to ask for/or take advice from random people on the internets.[/QUOTE]</p><p><br /></p>

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