Hi there & good question - kinda. Perhaps more appropriate question would have been - "under what fundamental change in scenario, does exiting PMs make sense?" Not as catchy as "what price?" eh! Those who will always need a puke bucket are those who focus on price. IMO, thats a mistake! Time & fundamentals are more important & make price, not the reverse. Those who believe price is always the final arbiter will allow emotion to control monetary decisions. After riding Siver Wheaton from $17 in 2007 to $2 in 2009 this is a hard lesson i have learned. Answer 2 your question? While fundamentals remain constructive long term (2014-2016) i would appreciate the Giant Squid & friends taking them both to $1. More Oz buying for me!!!!!!!!!!!!!!!!!1
I really don't care any more, even if the prices go well below my buy in ($1000, $26). Why I don't care: 1. My yellow, and white insurance is not touchable by people who try to sue, and is not collateral for any loans, 2. I don't want to keep large deposits in the bank (starve them I say), 3. Nothing has changed to make me put confidence in FIAT currencies, 4. There's always another disaster/terrorist attack around the corner, 5. In recent history, no FIAT currency has lasted much more than 40 years, 6. I can't see equities, or derivatives going very well, 7. Australian real-estate is in a downward trend, and could be for another decade, 8. Quantitative easing is more probable than not. But they're just my opinions.
