Reply to I told you to buy gold months ago

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[quote=Anonymous]I think there's still life in metals - should buy some if possible now.  There's still room to go up.  I wouldn't tap everything in it however but yes, some.

Understand what gold and silver are - they are not the stock market.  They are what you use to hedge.  When they go up, the world is not running as it's supposed to.  When gold/silver are going high this fast, it's not healthy, it's trouble.  The reality is, if the world is in trouble, you need something to help you out.  That's what gold/silver offer.  A way to help out when things aren't going right - it's your emergency fund.

If you don't see gold/silver as value added in this time of our lives, good luck.  By the same token, unless the world is truly going to hell, gold/silver streaks are short term only.  You'd need to buy a lot and sell it to tap the market every so often over a long period of time - that's really how you leverage the metals market. To not have that safety net is foolish and to put all your eggs into that safety net is foolish as well.

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