Recent content by ElTrader

Investing and gold and silver for short term profit is not really worth the trouble. Not much money to gain but a lot of time worrying.

That's a bit naive, isn't it? The market is mostly people more or less calculating their next move, not so much feeling what's right. During crisis times feelings can be more involved, but still not as much as stated above. People don't sell gold in huge sums because of fealing a bit insecure.

Note: It's funny how the world of finance has such a biological terminology and how the market is talked about like it had feelings. "The market has been scared", "gold needs a breather", "the market is recovering after a severe shock" ect. It's almost like we're talking about a mythological...

Both points very good stated, PlusMinus. But if we get a world currency after a "panic across every financial market in the world", what says that gold would withstand this panic? Wouldn't it be possible that gold, after such a panic, just lost all it's worth.

That's very insightful and very true I think. People tend to compare these two very different raw materials, and in their comparing forget that they have many fundatmental differences. Also when/if gold hits 2000, it will be with much help from the declining dollar.

I just got out as well, no regrets yet. Sold the gold on 1165. I still own some silver though, not much happening on that front at the moment, but in a few years... So far precious metals is wokring out great for me.