A little something I picked up a long time ago. When everyone is buying, sell. When everyone is selling, buy.
Also beware Gold plated tungsten.
That’s good advice – but I’m not sure that we have the luxury of waiting until the proper time.
My thinking is that any savings we have in the bank will be eaten up by inflation or whatever, so the rationale is to at last use some of those savings as a hedge against future disaster.
I realize it would be foolish to take all savings and buy precious metals, Putting all of you eggs in basket is foolish, by the same token, the same could be said about leaving most if not all of you money as greenbacks.