Commodity crooks

Well, It looks like the commodity crooks have returned from vacationh

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Permalink Reply by Buffalo on June 18, 2010 at 12:06am

You're right George. Some people probably do think we're nuts but that's OK. Hopefully we will all learn something from each other and be able to share a little knowledge or at least some good advice to look at things with an open mind. There are people who just don't like any risk though and would rather be sure of 2% interest than taking a risk with PM's. I know some people like this, and I really think they would drive themselves nuts with a large investment in gold or other PM's because they would panic every time the price dropped a few dollars.

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Permalink Reply by Steve W on June 18, 2010 at 12:38am

Right! I just do not have the constitution to go "All IN" on anything. It takes a special psyche to put everything on one throw of the dice. Right now PMs look like the best game in town, but I remember not too long ago when people thought the same thing about stocks and real estate. I think the best play is to have some of each of these if you are in for the long haul. At my age that may not be so long, right LG! LOL
Buff makes an excellent point about a term called homophily. That is the proclivity of people to choose that which they already accept as true because it is familiar. This mind set should be resisted by anyone who wants to find the truth and avoid thinking "inside the box"! Seek the opinion of people with solid data even if it contradicts paradigms which you hold dear. Investment is not a political position or a religion. It could be the basis of your future security and one cannot afford to make financial decisions based on preconceived notions.

Buffalo said:

You're right George. Some people probably do think we're nuts but that's OK. Hopefully we will all learn something from each other and be able to share a little knowledge or at least some good advice to look at things with an open mind. There are people who just don't like any risk though and would rather be sure of 2% interest than taking a risk with PM's. I know some people like this, and I really think they would drive themselves nuts with a large investment in gold or other PM's because they would panic every time the price dropped a few dollars.