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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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<p>[QUOTE="goldcollector, post: 2713606, member: 9088"]Yeah thats quite a horrible 6 years for silver losing over 60 % of its value and the GSR more than doubling. They were giving the same advice back then saying buy silver and switch over to gold when it returned to its historic 16. How did that advice work out ?</p><p><br /></p><p>Most now realize that 16 is gone forever. They just dont yet realize 55 is as well. Right now at 68 or 69 there are millions if not billions of ounces on dealer countertops they cant sell and virtually no gold going unsold. In a few years when the GSR is 95 or 100 the idea of going back to 55 will be a forgotten dream and the silver crowd will be promising that it will soon return to 80. </p><p><br /></p><p>If you want silver buy it but dont delude yourself into thinking your tricking the system or doing something brilliant to get free gold in the long run. Despite what the internet storytellers claim thats just a way to guarantee that you lose in the long run. Only in internetville can you buy silver, watch the spot price drop 60% +, watch the GSR double, and still make a massive profit.[/QUOTE]</p><p><br /></p>
[QUOTE="goldcollector, post: 2713606, member: 9088"]Yeah thats quite a horrible 6 years for silver losing over 60 % of its value and the GSR more than doubling. They were giving the same advice back then saying buy silver and switch over to gold when it returned to its historic 16. How did that advice work out ? Most now realize that 16 is gone forever. They just dont yet realize 55 is as well. Right now at 68 or 69 there are millions if not billions of ounces on dealer countertops they cant sell and virtually no gold going unsold. In a few years when the GSR is 95 or 100 the idea of going back to 55 will be a forgotten dream and the silver crowd will be promising that it will soon return to 80. If you want silver buy it but dont delude yourself into thinking your tricking the system or doing something brilliant to get free gold in the long run. Despite what the internet storytellers claim thats just a way to guarantee that you lose in the long run. Only in internetville can you buy silver, watch the spot price drop 60% +, watch the GSR double, and still make a massive profit.[/QUOTE]
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TRYING TO "Play the GSR" -- HORRIBLE IDEA
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