Comment: You can make the same bet if you believe it, but I won't

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You can make the same bet if you believe it, but I won't

Anyone can open up a discount brokerage account and place bets. It only costs a few dollars above the cost of the trade if you do it yourself. I won't do it though. The VIX is nothing tangible. Buying options on future movement of the VIX is pure gambling. Some people have deep pockets and are willing to gamble with millions. It isn't a bad bet that the VIX will move up when it has been down so long. However, I would rather buy physical silver and gold and have my money out of the system completely if I think things are about to go to hell in a hand basket. Otherwise, I'd rather buy stocks in companies that create real things like oil, gas, or metals.