Saturday, December 28, 2013 4:58:25 PM
That said, I'd be going all in physical now, except that there are a few credible people, like Jim Rogers, who keep saying that gold and silver could still drop another 30% if the "taper" makes Treasury yields rise, so that those who traditionally buy gold/silver will view long-term T-bills at over 3%, and especially if they get near 5%, as a "safe haven" again. They also throw out there that India could cut way back on purchases of gold/silver, and that alone could beat down the prices 30%. It's all very confusing to try and get a good read on, as I know that China is unloading tons of gold and silver daily on their shores and packing it away in their vaults, as they prepare, I think, for an eventual collapse of the dollar or petrodollar. To watch our "leaders" stay the course on this "borrow and spend until something cracks" seems insane! To watch the stock market ignore all fundamentals other than flowing paper money out of the FED also seems nuts. Thoughts? Is anyone else getting a bit weary listening to some very good minds keep saying essentially the same things they have now for 4-5 years with the opposite results? Is there not a better plan than to continue to dollar cost average into metals as long as it takes?
Guess I'm wanting a crystal ball, and no one seems to have one -- lol.
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