Reply to How long with the gold run go?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Higher. $6,000 an ounce. Maybe higher depending on continued volatility.[/quote]

OP here. It cannot keep going higher and higher. It is not like a growth company. Do you bail out once it hits a certain target? Sounds like a lot of capital gains tax at that point. What is a good strategy?[/quote]

The "good strategy" is 1) stay away from commodities, which most people don't understand to begin with and which underperform equities over the long-term, and 2) don't buy any non-diversified asset unless you're happy taking on lots of risk.  Gold is a singular asset, and is inherently not "diversified".  If you want to speculate, you can buy lottery tickets or go to Vegas.  If you want to actually invest, learn how - buying gold is not the way.  [/quote]

I’m happy taking risk. The dollar is toast. I’m going to continue buying gold miner ETFs which are still undervalued still and bullion. I predict a US market crash soon. Countries are dumping our debt and we are losing reserve currency status slowly but surely. You do you, but my profits are great. Honestly, I feel bad for you if you continue to buy overpriced US tech stocks or whatever right at their peak but again you sound like a wise fellow so keep going.[/quote]

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