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What if silver plummeted down to $15oz, would you be ready?
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<p>[QUOTE="medoraman, post: 1174309, member: 26302"]I agree completely. Man, this is a speculative play, don't pay penalties to put retirement money at risk!</p><p><br /></p><p>Seriously, there are people who did exactly what you did in the 80's. Their reasoning was, "silver used to be $50, so silver at $30, ($25, $20, $15, $10), is a bargain. Always remember "the market can stay irrational much longer than you can remain liquid". That statement means that you can be 100% RIGHT, completely and utterly right, and lose you rear because of timing. People were destroyed by correctly calling the dotcom bust, but 6 months too early.</p><p> </p><p>PM is a risky investment, as the recent movement has shown. It should be invested in with money you are willing to lose, or at least money you are willing to not show any return on for 20 years if need be.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1174309, member: 26302"]I agree completely. Man, this is a speculative play, don't pay penalties to put retirement money at risk! Seriously, there are people who did exactly what you did in the 80's. Their reasoning was, "silver used to be $50, so silver at $30, ($25, $20, $15, $10), is a bargain. Always remember "the market can stay irrational much longer than you can remain liquid". That statement means that you can be 100% RIGHT, completely and utterly right, and lose you rear because of timing. People were destroyed by correctly calling the dotcom bust, but 6 months too early. PM is a risky investment, as the recent movement has shown. It should be invested in with money you are willing to lose, or at least money you are willing to not show any return on for 20 years if need be.[/QUOTE]
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What if silver plummeted down to $15oz, would you be ready?
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