think it won't happen?, page-12

twinturf

I have been wrong many times and may be here as well.

What I have noted over more than 30 years of trading is that conspiracy theories abound and usually in favour of the bulls.

We also get the "gossip" of great potential "finds" or phantom takeovers etc.

Add to that "stories" of central bank buying or jewelry purchases in India etc.

I remember stories of Fort Knox being empty.

Toss them all out as the purveyors of such stories have ulterior motives.

Yep, there may be great fundamental reasons for appreciation of whatever.

The only thing we know is that what goes up will collapse and what collapses will one day recover.

So don't get wedded to anything forever. It is all temporary and all about timing.

I can guarantee that gold or silver will at some time in the future lose 75% of its value.

That may be from gold at 10,000 or higher, I don't know, but it will happen, and history is my witness no matter how many centuries you wish to revisit.

Buy and hold is a lovely concept, but it has never worked for any medium unless you are Methuselah.

Sadly most of us can only look forward to something like three score and ten years.