Probably. Pesky & annoying, but my expanding silver balance makes it easier.
Dollar is not safe. Just another fiat currency.
Same thing as in 1930s, when gold almost doubled. Race to the bottom for fiat currencies to see who can beggar thy neighbor best.
But no matter what happens to the market, keep some gold & silver metal as insurance. At least 10% of net worth. The metal will do better than the stocks in a crash.
Gold stocks & gold made highs going into the Oct. 19th 508 point (23%) crash in the market. After the crash, gold stocks plunged as much or more than the overall market. XAU was down more than the market a couple of moths later. It seems that in market plunges, people sell their winners to raise cash for margin calls.
Lesson: NUGT, GDX & individual gold stocks should be a source of funds. Don't sell all (unless the market crashes), but sell some if you have profits. 25-50% of positions perhaps.
Greek-style banking crisis coming? ATM withdrawel limits etc.?
3 times volatility of gold stocks. What goes up....
Correction-Sold my calls (not sold "may" calls).
Not big, maybe $24.50? Sold may calls but still have physical silver & gold metal. Gold stocks normally lead the metal up and lead the metal down.
Hopefully triple ETFs won't be banned by then. You could possibly lose everything on both sides.
I guess they never heard Einstein's saying (to paraphrase) the definition of insanity is doing something over & over that doesn't work.
Well, 48% of the vote was NO (about 20,000,000 people), so all they can gather is 10,000? Shocking.
"Czechout" has a ring to it. Europeans will no longer tolerate rule by a distant unelected Eurocracy, and be ordered to accept a massive flow of refugees and bail out freeloaders.
95% bullish consensus in gold & gold stocks is a contrary indicator. Everyone who wants to buy has done so. Few potential buyers left.
ULTA p/e ratio needs to come down to maybe 25 (from 40s) to get closer to growth rate (which may slow).
Matching the lows in the Great Depression. If you buy at this point, especially the zero rate issues, you are the bagholder.