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dom1971
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Precious Metals: Just a Squiggle

- John Rubino - Dollar Collapse

PM as a store of wealth? Yeh whatever. Unless you're already wealthy enough to take big losses, to have lots of funds to hold you out while you wait for things to recover then its a waste of time. Anybody who was going to make money out of PM's bought them years ago... and then promptly started drumming up the hype. The rest of us are just pawns in their game.

$10,000 gold? $500 silver? The world financial markets are ending? Its all going hyperinflation? No doubt the same old crap used to dupe us little guys many times over in previous PM bull markets throughout history. Its all hogwash, these guys make a living out of scaring us with BS.

I believed it, and now I'm screwed. No more money on PMs for me. My salary may have dropped 40% in 4 years due to the weak US dollar but thats nothing compared to losing almost 30% of my savings in 2 days. Anybody want to buy some physical silver? I hate the site of the stuff.

Commented 4587 days ago

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Beginning of the headline : Now this is a correction.In the space of three days gold is off 10% and silver 25%. What's happening? Two things: First, you don't get this kind of run without this kind of correction.When something soars, the number of people with huge embedded profits eventually reaches a tipping point where, for a while, selling necessarily overwhelms buying... Read More

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