Friday, December 7, 2012

$500 Silver, $10,000 Gold in 2013 ?

Precious Metals should be treated like car insurance. You don't speculate over the prices. In fact, you shouldn't even bother with charts. In 1979, if you were charting silver, I can almost guarantee you that you were looking for a dip in the chart, and in 1980 you missed the boat because of that charting. Instead, what you do is invest 5 -10% of your wealth into pm's, due to our economic environment. Trying to make precious metals change your life is a waste of time.They are insurance, nothing else.