Quote:
Originally Posted by MahiMike
I'm feeling a crash coming. I cashed out about 35% of my portfolio to cash-like vehicles; CDs, stable-value funds, etc.
Seriously considering buying some Gold and Silver...
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I’m not educated enough to comment on a crash but I am certain that buying metals is a horrible idea. Virtually nobody made any money that tried it.
I talked to a guy that sold his 2 combines and bought silver on this ****s advice. He didn’t get in at the top but got goddamned close.
Anybody that did get the run up almost certainly kept it too long.
I’m sure someone made money but the Poeple that bought it bought it because the economy was going to crash and it never did. And most took a bath.
Cash is good enough.
The thing no one selling the shit ever tells you is that gold is a commodity market not an economic indicator. Look at any commodity chart. There is never sustained growth. Just swings.
/not a professional.
But seriously.