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Victor T
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Ignore The Gold Price Hype - Perth Mint Blog - Perth Mint

I agree with the writer to a certain extent. There is a lot of hype and predictions out there. But people buying precious metals at today's prices is hardly buying at elevated levels if they understand the forces behind and the forces that are en route. Sure it has the tendancy to shoot to the moon or come crashing down on any day but if we really do understand the forces at work all the volatility are just noises and are more relevant to traders.
Putting just 10% into precious metals is fine and dandy but being conservative assures that u will at the very least live through the storm or come out with bruises instead of broken bones. It does not however, allow u to take advantage of an opportunity that is truly once in a lifetime.
I'm not a gold bug or precious metals bug but I do know that those who say that no one could have saw the crash of 2008 coming is a bunch of liars. There are significant number people with foresight who saw the crash coming up to 2 to 5 yrs ahead. People refused to believe because a year after the next everything seemed fine. The lesson to draw from this is simply... events take time to develop and unfold, and when they do unfold they unfold very swiftly.
Those who are still looking to their politicians and leaders telling them the economy is recovering will be in for a serious rude awakening, and probably deserves whatevers coming at them. Many will have been warned but only few will listen. A country in debt is no different from a person in debt. What does it take for a person to get out of debt?

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