Quote:
Originally Posted by sky
Hi Zynox,
Great idea! Thanks a lot for starting this thread and offering to answer questions. It indeed also relieves Michael St Clair well for this particular topic.
I am also a goldbug and following the developments closely since about a year. It's been an emotional rollercoaster also though with spot prices going up and down, althought rationally I know, one '"shouldn't" only look at it this way..
Yesterday I received Mahendra"s (financial astrologer) newsletter and he is predicting metals might loose up to 50% of their value from here! Hard to believe, but often he is been right in the long term. Do you know him?
I also want to keep some cash for now and am considering to exchange part of the euros in CHF, because I believe there might also come a meltdown of the euro. What is your opinion on the CHF, might that be a good choice also?
Namaste,
Sky
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Even though I'm no expert, I can see where the potential of such a scenario could happen. With everyone scooping up the gold and silver, everyone will be waiting to see when it will rise to such great heights in price and perhaps rush to sell and acquire cheap properties and such. That is if it were to reach the predicted market value. If for some reason there is a scene where things don't go as predicted. There will be a lot of sell back, because of course everyone that has bought will have bought to avoid short term losses instead of securing long term investment. At this point this may drive the value down. Any thoughts?