Problem is things have been so screwed for so long people look like geniuses for doing dumb things. Eventually fortunes will be lost, but until that happens people refuse to think about the idea that lines sometimes change direction.
Happened many times throughout our lives -- 2001, 2007, to an extent 2020, but people think this time is different and more importantly people assume secular cycles will always play in our favor.
That isn't to say that you can't invest in the stock market without it being gambling, but if you're in on the next big thing that's been going up for several years hoping that you're not the last person holding the bag, you are gambling. Absolutely.
Happened many times throughout our lives -- 2001, 2007, to an extent 2020, but people think this time is different and more importantly people assume secular cycles will always play in our favor.
That isn't to say that you can't invest in the stock market without it being gambling, but if you're in on the next big thing that's been going up for several years hoping that you're not the last person holding the bag, you are gambling. Absolutely.
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I've got most of my powder dry at the moment in money market funds that are basically risk free because they're just keeping the money in reverse repo facilities at the fed for 5%, because I agree and I don't intend to make the mistake I made in 2008 and not be able to pick up any of the bargains.
Either silver keeps gradually making gains from increased industrial use, or an '08 collapse sends it to 20 and then over 50. Either way, I win.