What do do with your dry powder

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#1 Wed, Aug 10, 2011 - 12:54pm
worldend666
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What do do with your dry powder

I posted a question in the comments saying that I am sitting on a substantial amount of cash. Although I am not totally out of metals I could buy a lot more, especially if I buy paper gold with 10x leverage.

However, we are late in the day in this recent rally. Isn't chasing the price a very foolish thing to do? In my experience it often does not work out well, but on the other hand if we really are seeing a bank meltdown in Europe then gold really could be the only safe place.

Opinions?

Edited by: worldend666 on Nov 8, 2014 - 5:31am