going all in

Discussion in 'Gold' started by Ozboy, Jan 20, 2011.

  1. Ozboy

    Ozboy Active Member

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    Don't know if anyone has sen this youtube vid? ww.youtube.com/watch?v=cz0cXAeLbXQ
    What do people think?
     
    Ozboy, Jan 20, 2011
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  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    mmm....shiney!, Jan 20, 2011
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  3. rbaggio

    rbaggio Active Member Silver Stacker

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    I don't think anyone should go 'all in' on any single investment class.
     
    rbaggio, Jan 20, 2011
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  4. dccpa

    dccpa Active Member

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    I don't consider physical pms an investment, just money. I do consider pm stocks to be an investment. Concentrated investments, like being all in on commodities, are how wealth is built or lost. So you better be sure you are in the right investment class and be prepared for a very bumpy ride.
     
    dccpa, Jan 20, 2011
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  5. rbaggio

    rbaggio Active Member Silver Stacker

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    The youtube vid he linked to was a billionaire investor who had gone 'all in' on precious metals. "He doesn't have any other investments to speak of."

    Hence, my point.
     
    rbaggio, Jan 20, 2011
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  6. dccpa

    dccpa Active Member

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    I hadn't seen the video, but I remember reading the article Maloney mentioned. Kaplan made his fortune in commodities. I believe one of his major investments is in Novagold. NG on the NYSE.
     
    dccpa, Jan 22, 2011
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  7. digger

    digger New Member

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    Very good point indeed. Since I missed the start to the run in gold & silver I went in hard & fast & now 60% of my investment/savings in PM's. I was worried about this until I heard of covered bonds, now I'm not worried at all.
     
    digger, Jan 23, 2011
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