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Sunday, April 21, 2013 12:18:57 PM
Low-IQ amateurs buy in the early stages of a collapse
They see the falling price as a "bargain" compared to the prices at the top of the bubble. But they neglect to understand just how low prices can fall. They neglect to look at how low prices were before the bubble formed.
The same thing happened when the dot.com bubble collapsed and the real estate bubble collapsed.... Smart folks dumped on dumb folks in the early stages of the collapse. The dumb folks took the BIG hit.
The best sign that dumb folks are buying silver is the rise in eagle sales. No real silver investors buy overpriced shiny-trinket-eagles.
Overpriced eagles can crash twice as hard as pure silver. Not only can the price of silver contained in the eagles crash, but the premium/collectable value can crash.
Eagles could drop $10 overnight, while silver only drops $5
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