Realcent.org

The long term PM investor is a unique breed, truly. When PM prices rise, it's usually because the economic outlook is not good. For us, our victories are bittersweet. Many here have eagerly anticipated higher prices for PM's, but I don't think we anticipated such a stark increase and so quickly. From some of the posts I'm reading, I'm getting the sense that this has unnerved some people. Why is this? Maybe we as a whole are too heavily weighted towards PM's and because we expect higher prices (and the economic turmoil that goes along with it), we're unable to enjoy this run-up in the value of our stacks.

As gold and silver investors, we are betting against our own currency system. We talk big sometimes about up-ending that system, but the reality of it is rather more frightening. It would be nice if we were run-o-the-mill stock and bond guys, comparing CD rates and such, not giving much thought to the long term, but we have been convinced that the system as it runs now cannot continue. As such, we look to protect the value of our labor as best we can. For those who would feel themselves wanting to waver and wonder if now is the time to get out, I would tell you to ask yourselves if you think our leaders will finally put us back on the right track, or if they will continue business as usual. If the former, then take your profits and seek out other opportunities that don't involve constant fear of the system. If the latter, rest assured that PM's will continue to rise, with all the volatility that would make normal investors run for the hills clinging to their bottles of Pepto Bismol. But, our victories are bittersweet...

Some perspective

I believe that most of us view pm's as a hedge. Times like these prove that it is nice to have something that won't fall victim to the inevitable inflation..

I just looked at charts on Kixxo an I'm' holding on silver bought two fractional s of Gold now have some still no OZs

I think we will see dip on Silver next year Hope my will power holds as i plan to buy if it gets back to 20.00 sell

Buying at local shop has worked for me as we have one guy who works on small margin I buy from him or beat-upon the closer shop

Hi there-

I'll be the first to say I would like to make a substantial gain on my PM holdings, but not at the expense of organized society. It IS kind of a catch-22. A lot of youtube videos brag about eventually buying houses for 20 silver dollars, etc, but a lot of people don't mention that to get to that point we will probably have dead bodies in the streets.
Howver, that doesn't change my investment strategy. Nothing the FED has done or has available to do has altered the dollar outlook. PM's for life, babay!

JMO wags

It is very simple... hope for the best and prepare for the worst.

Nobody wants the car to go over the cliff, but when you are not the one at the wheel you at least buckle your seatbelt to protect yourself.

RxForPain wrote:It is very simple... hope for the best and prepare for the worst.

Nobody wants the car to go over the cliff, but when you are not the one at the wheel you at least buckle your seatbelt to protect yourself.

I like that.