Quote:
Originally Posted by Pipecrew
The morons always take the pessimistic view hoping they can pop in for an "I told you so".
The gfyers with all the negative investment advice that harrass people who actually invest generally fall into 1 of these categories, most likely all 3
1) don't invest
2) don't have the money too
3) too afraid too
|
It's not the "pessimistic" view, just reality and common sense. When ever something is going up in value because of hype, it's that last big push of idiots who are buying on pure hype (My neighbor bough it 3 weeks ago and it's gone up $100 since then, he made like 1K whoo hooo, I need to buy too so I can make easy money". It's those morons that make the price soar at the end and who are the same ones that buy at the highest prices.
The people who know what they are doing bought years ago, and they are the ones to cash in when the morons are buying on hype. Nothing pessimistic about that, it's reality. It happened with the dot coms, stock market, oil and housing market all in the last 10 or so years. Now it's the precious metals turn to burst from hype.
I personally invest, but I make more secure investments and don't buy into the hype. When it's hyped like gold is now, its too late to buy. I learned my lesson from riding the housing bubble and losing a lot of money. Most people buying up gold right now have never been through the hype/bubble deal before, so they going to have to learn the hard way that shit doesn't always keep going up up up and up and when joe blow neighbor starts buying because his friend Bubba bought two weeks ago and already made "xxx" that, that is the exact time to gtfo.
Gold dropping down to $1680 today and still falling.... where will the bottom be and how many people who bought at $1800+ is now shitting themselves. I wonder how many of these people who bought on hype will now crap their pants and sell quick worried it might go lower and they "can't afford to lose the money".