Leverage = Dead

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#1 Mon, Sep 26, 2011 - 9:44pm
mdcromer
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Leverage = Dead

I've heard through the grapevine that a number of long-term, formerly wealthy PM bulls are now DONE, GONE and KAPUT. They bought with leverage and are now BURNED TOAST. Crazy stuff. I guess a good object lesson for the rest of us about why stacking comes first. . .

Edited by: mdcromer on Nov 8, 2014 - 5:08am
Mon, Sep 26, 2011 - 9:51pm
Dr Durden
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mdcromer wrote: I've heard

mdcromer wrote:

I've heard through the grapevine that a number of long-term, formerly wealthy sociopathic gamblers are now DONE, GONE and KAPUT. They bought with leverage and are now BURNED TOAST. Crazy stuff. I guess a good object lesson for the rest of us about why stacking comes first. . .

Fixed that for you.

I use leverage. First class in the form of a shovel. I like to go about 2' deep down and cover the spot with some pretty flowers as a reminder that there's a blossoming future down there. yes

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Mon, Sep 26, 2011 - 11:01pm (Reply to #2)
CYM
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Used leveraged ETF's and/or

Use leveraged ETF's and/or options for leverage with less risk. (I'm assuming you mean they were using margin).

Disclaimer: I said LESS risk, not NO risk!

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