RE:RE:RE:stay shortprouditalian wrote: peep, I undesrtand what is going on but this is a stock forum and not a life forum.
Preserving ones wealth at this point is essential. YES< physical gold is a good store of value going forward, but gold equities are just that, an instrument to be traded.
IMO, markets in general are headed a lot lower. They will break the recent lows and then go down much further.
My capital is basically in cash ( getting about 2.3% interest ) , some gold, and my real estate.
I made 10-40X time s my money in 1998 buying Russian debt and equity, and made 10X on a bet in 2009. The crash cycle usually happens every 10 years and one should be all cash waiting for 10 baggers. Im retired at 49 years old and have more than enough to live very well.
KL is not a 10 bagger ( it was )...but there will be 10 baggest around when the craapstorm hits and Im waiting patiently.
Can Exxon get to 10? Can Apple get to 50? I say maybe, and if they do, Ill be there buying. GL.
I'm surprised to have to agree with you this time PI at least on most of this.
I don't agree on the gold equities part. They may go down with regular equities again in the next selloff or maybe they won't.
I'd rather remain in them because I think any pull back in the gold/silver stocks will be short lived and there may not be any.
But I do think there will soon be a general equity fall even though the US is trying to prop them up with borrowing After that we may see a much bigger bout of inflation than they expect.
2% will seem like a pipe dream in the rear view mirror.