Originally Posted by gloopy

You won't find one filthy rich person in the world that doesn't have 5-10% in metals at any given time, yet the "small fry" investor is looked down by the paper money/day trader/"Snyder Method" crowd for taking pretty much any position. Diverse investors who dollar cost average into long metals positions, particularly if they emply even a nominal amount of arbitrage by buying the dips, have done and will continue to do just fine with their metals position.

That said, there probably are a few folks who made big moves into the peaks and sold in a panic at the dips. But that can be said for every single stock and asset class in existence. People are selling APPL today who bought at 700+ and vice versa. Diversification is mandatory, and no investor is truly diverse without some level of a position in metals. The rich, banks and nations all do it without question, yet its somewhat taboo for the little guy who for some reason is expected to be 100% in fiat otherwise he's a fool when the inevitable dips happen.