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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: cmg who wrote (13991)	4/6/2013 5:15:11 PM
From: Yorikke	2 Recommendations Respond to of 33421

If you bought gold/PM's primarily as a safety device... Stop stacking for one. Leave it where it is, don't count it, don't bother too much with its day to day value, and move on with your other stuff. If you refer to ETF holdings as gold you should be a bit more aware of what insanity is going on in the market. I would only start getting concerned about what to do with gold when your running buddy, or somebody in your golf 4-some starts bugging you about getting ahold of some of 'dat gold'. Until then, sit back and watch. When it hits the levels you like, then start converting it into something else of value to you. Cycle theories are premised on the assumption that the past is a reflection of the future. They work until they don't. History is a more generalized reflection of future possibilities or trends. Name one instance in history (besides the present) where destruction of a currency, excessive government spending, credit excesses, financial madness, and generalized failure of the rule of law, has led to a decline in the price of gold. To say "It is what it is." is to accept that somehow the present state of being is natural. It isn't what it is. It is something contrived and dishonest. Things that 'are not what they are' have a way of becoming what they are very quickly. PM's are an insurance against that time.