Friday, December 7, 2012
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.