Marty and Max: Timing the market
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Hey Max: We are in the middle of winter, interest rates are up, the Seahawks are down, but is now the right time to buy?
Not too long ago I thought buying gold was a great idea, however I took the wait and see approach. At that time gold was about $250 an ounce. I waited and it rose to more than $400 an ounce. There was no way I was going to pay $400 for something that I could have paid $250 a few months prior. I figured I would wait until it fell back to $250 and then I would buy. That was 2001 and I am still waiting. The price went to $500, $1,000 and kept going up to nearly $2,000. The error in my judgment is that I failed to realize that gold was at a historic all-time low. Who knew?
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