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.

We all want progress, but if you're on the wrong road, progress means doing an about-turn and walking back to the right road; in that case, the man who turns back soonest is the most progressive.

-C. S. Lewis