- Joined
- Aug 20, 2013
- Messages
- 56
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Do you guys think its wise to just switch to all cash for now until this mess in washington is over?
Do you guys think its wise to just switch to all cash for now until this mess in washington is over?
The fire is real after all
I don't fully believe in efficient market hypothesis (that stuff is already priced in all the time) because sometimes human herd mentality can make market overreacts to the upside (PE close to 40 in 2000 tech bubble) or downside (PE <10 - great recession). Another example: Housing bubble in 2006 and housing is bad investment forever 2009-2011. That's when you really have to make a move and don't just sit still. You can make loads of money when you see the market overreacts. Right now, it's not the time to do anything...
Now, I'm buying gold/silver miners, as well as gold/silver ETF, along with physical gold/silver.
Watch, next year, China could announce yuan to be a global reserve currency with gold backing....This is when the debt bubble bursts and all hell loose....lol....GOLD and SILVER , baby.