Paradoxical reaction to today’s election results, since Republicans support things like shutting down the GSEs (no more free money for people who shouldn’t own homes in the first place), auditing the Fed, etc. Should be a fun ride, though I didn’t vote ’em in.
BTW, buying on the way down only makes sense under some circumstances. If you bought silver on the way down in 1980, you’d still be out of luck. Best to buy things that aren’t primarily speculative commodities (yes, I realize that silver also has industrial uses, but I HIGHLY doubt that volatility is primarily driven by industrial demand).
