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The Water Cooler
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Where's the smart money?
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<blockquote data-quote="Danny Tanner" data-source="post: 1309387" data-attributes="member: 10619"><p>This is no way to make a quick buck, but for those of us who are collecting metals for long-term investments, it's not going to matter as much.</p><p></p><p>I'll grab an ounce today at $1,300 and if it falls and hovers around $1,000 for the next 5-10 years that's ok. I'm more worried about where it will be in 40 or more years when I might need to get rid of some to pay for my prescriptions or whatever. If gold becomes so abundant or worthless that my $1,300 ounce is worth $1.30 40 years from now, then I'll be happy I didn't throw all my beans into one pot, and hopefully some/all of my other investments will be strong enough to absorb some of the impact.</p></blockquote><p></p>
[QUOTE="Danny Tanner, post: 1309387, member: 10619"] This is no way to make a quick buck, but for those of us who are collecting metals for long-term investments, it's not going to matter as much. I'll grab an ounce today at $1,300 and if it falls and hovers around $1,000 for the next 5-10 years that's ok. I'm more worried about where it will be in 40 or more years when I might need to get rid of some to pay for my prescriptions or whatever. If gold becomes so abundant or worthless that my $1,300 ounce is worth $1.30 40 years from now, then I'll be happy I didn't throw all my beans into one pot, and hopefully some/all of my other investments will be strong enough to absorb some of the impact. [/QUOTE]
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