Gold is apparently trading this morning at $1780 per ounce. Assuming no religious or ethical obstacles, would you bet more money than you could afford to lose (against reasonable odds, of course) that the price will be within 10% more or less than that …. tomorrow? Say, between $1,600 and $2,000 per ounce?
Would you take that same bet with the timeframe set at one week hence? Six months hence? Three to five years hence? My guess is that: (a) most readers would stop betting between one week and six months and (b) there would be no takers at all for three to five years hence.
Continue Reading Values and beliefs, strategy and timeframes