Thread: Silver
View Single Post
Old 09-24-2020, 03:48 PM   #3909
pokerarb's Avatar
Join Date: Jun 2009
Posts: 5,992
Re: Silver

^ I don't disagree. I have a good friend who dumped half his metal on this same logic.

Imho, trying to time the metals market with that political overlay thesis is a fool's errand. The metals will bounce around (if they go down, people will point to lack of fed/fiscal - if they go up, people will say the markets are forward looking). I think the risk of being out of the metals market is too great and would hate to have to pay up for a later. Ultimately, I still think gold is cheap, it's only 80% above the bear market low of 1050, so even if the fundamentals are a little unclear, I'm confident holding/adding on dips.

When the fundamentals are crystal clear, everyone knows it, and usually the price has already escalated.
pokerarb is offline   Reply With Quote