SILVER in Gold, FX, Stocks / Diaries & Blogs Posted May 15, 2011 · Report reply You are challenging an "article of faith" perhaps? People do not like to think too much for themselves, and would rather accept someone else's views as "gospel", I suppose. I remember buying gold at around $500 after it came off its $850 peak in 1980, a few years earlier. I thought: it MUST go back to $850 - I can recall all those strong arguments that I was hearing in 1979-80, and they "made so much sense." Well, I got "my clocke cleaned" on that buy, and I learned that I needed to develop my own long term points of view, not just rely on experts. I challenge the Buy&Hold purists here, who are fond of quoting their favorite precious metals gurus. That is because I know those gurus may let them down at the peaks, when it wil really matter. People need to learn to think for themselves and not just accept the price targets of their favorite Gurus. On what basis do you claim to know that PM holders cannot think for themselves and slavishly follow 'gurus'? Maybe Central Banks have been listening to the Pied Piper too much and that is why they are selling their fiat for gold? I do keep an eye on various 'experts' but the funny thing is, despite the 'snake oil salesmen', reek of some of them, the underlying facts of debt, monetisation of debt, lack of wealth production etc, are real. If a shady character said that day follows night, one would initially be suspicious that it does! DOYR and you will find that it indeed does. Funny old world.