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What is a difference between smart and dumb investor in precious metals?
Jan 05 11:49 am
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All Comments by 1977°C »2008 Precious Metals Performance: Gold, Silver, Platinum [View article]
The dumb will buy Gold because it is down less than Platinum, the smart will not buy either as he will think: How come Platinum considered luxury for the rich of the world went down 70% in few months, isn't it because very rich become concerned about their evaporating savings and stopped buying expensive things.
But dumb investor will say: What do I care Platinum or Rhodium or Palladium crashed, Gold didn't so it looks good I buy in hope others will flood Tiffany's of the world and buy all invenory fast.