I must note that the 2 guys pictured in the article were probably not even born yet in 1979, which means that they've got no basis to even know what fiat money is, or why it matters. They probably think that Bretton Woods is an upscale housing development, with CDO-backed mortgage loans that the government will step in and buy if necessary.
Oh, that and health care too. And while your at it, throw in free public education through G-16, a golf course and of course a spa for the missus. As long as their boss can arrange another hostile takeover and/or a merger that throws more Americans out of decent jobs while unbolting the machinery and shipping it to China, who really cares as long as they can stay on that corporate ladder and draw 6 figures for spouting off?
Q: Are You Printing Money? Bernanke: Not Literally
Imagine that a couple of stock pickers selling advice say gold and commodities are going to decline. We've heard this from the talking heads since gold was $400. Really until we get spending under control that will stop the dollar decline then these two are fools IMO.
This quote from the comments pretty much sums it up for me:
"Cornucopian puffery from navel-gazing, coddled, institutional chartists who swallow this government-manufactured economic statistical propaganda wholesale because they are either stupid or afraid."
<< <i>Unless people can eat paper dollars for nourishment? >>
Eat them or burn them for heat...but too bad so many dollars are now digital. What the heck can you do with them?
No person whom I have ever met or whose articles or books I have ever read can consistently predict the future for investments or speculations. If such a person did exist, then they would not be writing articles or giving interviews, he or she would be among the super rich and quiet about how they did it.
Your analysis for investments is no better or worse than anyone else. You can have a hunch, educated guess, or well researched opinion. However the trouble with life is that there are always variables that occur for which you have neither control of, or in some cases even the concept of their future occurrence.
I have read that a well diversified portfolio is the best way to go. Sounds reasonable to me. I would point out that everyone has an axe to grind. It would be my suspicion that the group on this forum by nature of their common hobby, might be biased to favor precious metal as an investment. Not that this is good or bad, it just is.
As to where the price of specific metals will be tomorrow, next week or next year, I do not know. I can see reasons why they will increase and I can see reasons why they might not. Many feel that a positions in one or more PM is an insurance policy against financial disaster or inflation. OK, if such an investment is an insurance policy is it a horrible thing if the price goes down? Many you shouldn’t care. You don’t have to see the metal. Do you care when you “waste” your insurance premium because you do not have to file a claim. I would hope not.
No person whom I have ever met or whose articles or books I have ever read can consistently predict the future for investments or speculations. If such a person did exist, then they would not be writing articles or giving interviews, he or she would be among the super rich and quiet about how they did it.
I've read some of them over the past 6 years. But while these people cannot necessarily predict the daily, weekly, monthly or even the yearly moves, they can certainly analyze a primary trend (bull or bear) to see what lies ahead in the coming years. There are dozens of well known analysts who predicted the turn in commodities (and gold in particular) back in the 2001-2002 time frame. No doubt many of them will know when the tide shifts back from commodities to stocks (hint: Dow/gold ratio will be bottoming). It's not rocket science to be able to take refuge behind a primary trend. It's just that gold and commodities have been nearly erased from the psyche of the average American over the past 25 years. Most cannot buy into the fact that gold has any value over "trusted" fiat. And what's truly comical about that is that you can be sure Greenspan and Chaney have plenty of gold in their private holdings. Bush senior is the political clout behind Barrick gold (ABX) and their obvious goal is to grab as much gold as they can with their Saudi buddies. Remember, do as they say, not as they do (lol).
I wouldn't consider that snippit an article especially with the vague reference to some "Analysts". Gold is going up and if idiot articles like this convince people otherwise then I am sorry for their upcoming losses.
Comments
Nice point BTW FC!
U.S. Type Set
Oh, that and health care too. And while your at it, throw in free public education through G-16, a golf course and of course a spa for the missus. As long as their boss can arrange another hostile takeover and/or a merger that throws more Americans out of decent jobs while unbolting the machinery and shipping it to China, who really cares as long as they can stay on that corporate ladder and draw 6 figures for spouting off?
I knew it would happen.
Their website
``https://ebay.us/m/KxolR5
"Cornucopian puffery from navel-gazing, coddled, institutional chartists who swallow this government-manufactured economic statistical propaganda wholesale because they are either stupid or afraid."
<< <i>Unless people can eat paper dollars for nourishment? >>
Eat them or burn them for heat...but too bad so many dollars are now digital. What the heck can you do with them?
Your analysis for investments is no better or worse than anyone else. You can have a hunch, educated guess, or well researched opinion. However the trouble with life is that there are always variables that occur for which you have neither control of, or in some cases even the concept of their future occurrence.
I have read that a well diversified portfolio is the best way to go. Sounds reasonable to me. I would point out that everyone has an axe to grind. It would be my suspicion that the group on this forum by nature of their common hobby, might be biased to favor precious metal as an investment. Not that this is good or bad, it just is.
As to where the price of specific metals will be tomorrow, next week or next year, I do not know. I can see reasons why they will increase and I can see reasons why they might not. Many feel that a positions in one or more PM is an insurance policy against financial disaster or inflation. OK, if such an investment is an insurance policy is it a horrible thing if the price goes down? Many you shouldn’t care. You don’t have to see the metal. Do you care when you “waste” your insurance premium because you do not have to file a claim. I would hope not.
So much for my Sunday morning ramblings.
Planchet
I've read some of them over the past 6 years. But while these people cannot necessarily predict the daily, weekly, monthly or even the yearly moves, they can certainly analyze a primary trend (bull or bear) to see what lies ahead in the coming years. There are dozens of well known analysts who predicted the turn in commodities (and gold in particular) back in the 2001-2002 time frame. No doubt many of them will know when the tide shifts back from commodities to stocks (hint: Dow/gold ratio will be bottoming). It's not rocket science to be able to take refuge behind a primary trend. It's just that gold and commodities have been nearly erased from the psyche of the average American over the past 25 years. Most cannot buy into the fact that gold has any value over "trusted" fiat. And what's truly comical about that is that you can be sure Greenspan and Chaney have plenty of gold in their private holdings. Bush senior is the political clout behind Barrick gold (ABX) and their obvious goal is to grab as much gold as they can with their Saudi buddies. Remember, do as they say, not as they do (lol).
roadrunner