- Sep 8, 2014
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That is the majority thought, perhaps gold more than silver. And gold has been moving up as of late, but remember a few weeks ago when everything was going down, including AAA rated debt and gold? People were asking why? That was b/c everyone was selling everything to raise cash, margin calls or not. Well I am not much of a gold bug, but that was the time to begin accumulating those assets if your view is the hyper inflation theory. Perhaps we will have another opportunity after the sugar high of the Japanese Central Bank (oops sorry, the FED) actions wears off, and we are able to reassess actually what it all means. Supporting risk assets is not quite the same as having the economy back up and running.
Good points. I own a precious metals mutual fund, have had it for years and it's been mediocre. I added some to it over the last month. But I just don't quite understand buying actual gold or silver.