04-18-2011, 09:58 AM
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Confirmed User
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Join Date: Apr 2003
Posts: 7,336
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Quote:
Originally Posted by will76
Its better to buy things when they are low and not hyped. Look at what happened with real-estate, tech stocks in the late 90's, etc. I remember back in 2001,2002, etc.. the hot thing down here was pre constuction sales on condos. People would pay a deposit for a unit before the building was started, then couple months later they would sell their rights to someone else for 50K - 100K more. It was easy money and not that much cash out of pocket, mainly pushing paper. The market was booming, so everyone and their grand maw started doing 1 then 2 etc... then it all crashed almost over night. All the people who jumped on at the end got stuck, either had to buy the over priced units or go bankrupt. It's always the people at the end that get screwed or the people who held on to the end.
It's when everyone jumps on board that the bubble is getting close to popping. The smart people bought gold and silver 2+ years ago, when silver for example was $10 an ounce and they are selling it off now to people like you who are jumping on the tail end, the ones who usually fall for the hype and get burned.
just saying , not trying to hate on you dude, history repeats itself and there is no such thing as a "no brainer". Its when it appears to be "easy money" when it usually happens the other way. has happened so many times.
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http://dailyreckoning.com/what-is-si...reaming-about/
http://dailyreckoning.com/silver-is-...popular-right/
Educate yourself.
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Greed is Good
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