Pay little attention to where metals were...

Greetings once again,

I always like to hear differant points of view and as Bully made mention, we have conversed on several occations in the past. But having said that, I stand by my thoughts in my previous post to buy both now.

All who follow investing whether they be in coins, stocks, realestate ect. know or should know that there is always a buyer and there is always a seller. You buy stocks because you think they will go up. The person who sells them to you beleive they are heading the other way, thus a market is made for that security. Life insurance is purchased because one is betting they are going to die. The ins. co. is betting you are going to live, thus a market/rates/premiums are determined. ( We all die and we all know that. The question is when?)

I have been buying both gold and silver since gold was $200 and silver less than $3. I have continued all the way up to $1000 and $21 and kept on as gold briefly went intraday into the $600's and silver around $10 or less. I have again this year bought it all the way up to where both are today.

My whole point is, I am not just saying buy it now, I was saying buy gold several months ago here when it was cheaper but I am also saying to buy both now because neither I nor Bully know where the bottom is or where the top could go this year or next year. As I said before, do keep buying stocks, keep buying all you can afford. As Bully mentioned there are some "screaming" bargains which I could go on for hours about and have the data to back up my claims. When I watched GE (as in General Electric not gold eagles), a mutual fund by itself drop to $7 last week, I said to myself, are they not going to throw "all the babies out with the bathwater"? I bought all I could afford. Today at last look GE was down 32 cents to a little over $10. That's 35%+ in a week. Did I sell? No, I bought some more 'cause I think it will be back in the mid teens by summer and higher still by years end. Do the math, that's not a bad return. But there is more to my retirement than GE stock.

The bottom line is plain, #1 We all need to pay ourselves 1st as in savings/investments #2 We all need to be in differant investment instruments ie stocks, bonds, cash and other.#3 Even if you are 65 years old, you need to have 7-10% of your money that you don't need tomorrow in Gold and Silver and Platinum (I like the 1st two better than the last one) You will never be able to pick the bottom in anything unless you're God.

What I have suggested is not "herd mentality" it's common sense. You may buy gold now at $950+ and it could drop to $750-800. But it may go to $1200. I personally don't care 'cause I will continue to buy, a roll of '64 Kennedy halves here and a half oz Kruggerand there. I could care less what the price is 'til I am getting ready to sell. To be honest, having bought gold recently, I wish it would drop back to $750 so I could justify buying another half dozen 20 franc gold coins, each weighing around 1/5 of a oz.

So you see it matters not when you buy, just buy. Don't bet the mortgage or the light bill money or the babies diapers or milk money. Just take a few dollars after the IRA and 401-K and buy some. I can not promise that you will make "X" in so many weeks but I can promise you this, It will make you feel "richer" and that my friends is a good feeling. Use common sense and have fun with whatever you do! Happy Collecting/Investing WKF

P.S. A little tidbit of info: Money is only something you need in case you don't die tommorow!