posted on May, 5 2010 @ 08:11 AM
I have been posting for months that it was a risky investment
to buy gold.
I feel so vindicated.
I could dig up posts from last year where I railed against gold as a mislead hedge. I bet few listened though lol. Im just a lunatic on ATS right?
My reasoning was that it's value was too high and kept climbing. And the law of gravity says , what goes up must come down.
It has been way over speculated and over valued IMHO.
I believed that other commodities were better investments. And I still do.
When a commodity takes a crash, buy it when it bottoms out. That way you can make a profit as it comes back up. Very simple basic tactics.
If you have gold, SELL NOW! Before the crash!(BTW You will be contributing to that crash)