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Do you "Sift" your news and opinion to suit your taste?

EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
in Precious Metals
It seems that there are those on these boards who constantly post links to sources that are of questionable validity, or are a fear-mongering sales pitch or at worst, an out-and-out lie!

Think about where you get your news of the day. The more one-sided the news/opinion is, the more you believe it. Especially if it matches your political/historical beliefs. Do you think a history lesson twisted to "prove" that Roosevelt was a Commie should get even a glance? If you got such a story in an e-mail would you forward it to all your like-minded "friends".

I am not ranting, but I want to say that I try to avoid being taken in by these alterior-news/opinion sources. I don't trust them at all. Sometimes I might challenge these posts. Usually I score a win, sometimes I miss and the post actually has some merit. I am not politically motivated by challenging these posts, just looking for the facts and the truth behind them.

"Truth" - There is a word that gets misused allot. "101-AM The Truth". They have to prep you before they feed you their bull.

Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:

Comments

  • PreTurbPreTurb Posts: 1,193 ✭✭✭
    There are tens or hundreds of religions. People pursue the one they most believe in or connect with in some way. Same thing goes for investment philosophy. If one has a love for stocks, that's what one invests in. The group that pursues PM's is a conservative, skeptical, cautious crowd. It all comes down to personal taste - you gotta do what you gotta do.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    imageimageimage
    Avid collector of GSA's.
  • RedTigerRedTiger Posts: 5,608 ✭
    It's not worth arguing with people. Everyone is entitled to an opinion, and to back their opinion with their dollars. Some sources I might find questionable or even bordering on idiocy, others take as a form of gospel. Some information that I might find critical, others dismiss as garbage. So it goes.
    Investment blog: gold, stocks and more
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    Some sources I might find questionable or even bordering on idiocy, others take as a form of gospel. Some information that I might find critical, others dismiss as garbage. So it goes.


    Thanks for agreeing. It is important to make investment decisions based on sound information. Truth is variable - Who's truth? My truth? Your truth? Facts don't change. Once you discard facts for "truth" then you are down the wrong road.

    PS. Pennies are selling very well, thank you.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • yellowkidyellowkid Posts: 5,486 ✭
    I certainly agree with Rick, our much maligned ( at least here, not in my house) President gave a great speech at the University of Michigan last month in which he stressed the importance of getting your news from different sources, and listening to, and considering opposing viewpoints. That is something I have tried to do in my later adult life, I listen to PBS but read the National Review. I read the Boston Globe but never miss the Op/Ed in my local paper, which leans to the right. One of the basics of critical thought is starting from a valid premise, I don't believe that is possible if you get your information, be it political or financial, from one end of the spectrum.image
  • calleochocalleocho Posts: 1,569 ✭✭
    I get my news from Cohodk and Roadrunner!

    fairly balanced...for the weather, I go with Justcommenman
    "Women should be obscene and not heard. "
    Groucho Marx
  • CaptHenwayCaptHenway Posts: 32,127 ✭✭✭✭✭
    Good point, Rick. When I see somebody grinding an axe, I immediately wonder "What's HE selling???"
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • RedTigerRedTiger Posts: 5,608 ✭


    << <i>Some sources I might find questionable or even bordering on idiocy, others take as a form of gospel. Some information that I might find critical, others dismiss as garbage. So it goes.


    Thanks for agreeing. It is important to make investment decisions based on sound information. Truth is variable - Who's truth? My truth? Your truth? Facts don't change. Once you discard facts for "truth" then you are down the wrong road.

    PS. Pennies are selling very well, thank you. >>



    Actually, I observed folks making investment decisions based on all sorts of things. Hard facts that 90% of participants will agree upon are rarely the primary cause for the buy or sell decision. It is much more soft facts, subjective opinions, or rumors, mixed in with gobs of emotion that drive investment decisions. Once in a while there are lies, but it is much more often a case of half-truths.

    The weird and unexpected thing about markets is some participants that use what others might see as ridiculous inputs to their decision making sometimes consistently make the biggest profits. Go figure.
    Investment blog: gold, stocks and more
  • BearBear Posts: 18,953 ✭✭✭
    Truth is always subjective. I have spent most of my adult life

    seeking truth. I have not as yet found it. Everything said by

    everyone has spin. Truth contains within itself the sins of

    omission ,as well as the sins of commission. I guess that is why

    only the statement made in anticipation of immediate death ,is

    accepted as truth by the Courts. To tell the people the truth, the whole

    truth and nothing but the truth is apparently not in the purview of any

    public person and it is a crying shame.



    There once was a place called
    Camelotimage
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    Bear, you are a poet!
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>PS. Pennies are selling very well, thank you. >>



    How are cents selling?image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • yellowkidyellowkid Posts: 5,486 ✭


    << <i>

    << <i>Some sources I might find questionable or even bordering on idiocy, others take as a form of gospel. Some information that I might find critical, others dismiss as garbage. So it goes.


    Thanks for agreeing. It is important to make investment decisions based on sound information. Truth is variable - Who's truth? My truth? Your truth? Facts don't change. Once you discard facts for "truth" then you are down the wrong road.

    PS. Pennies are selling very well, thank you. >>



    Actually, I observed folks making investment decisions based on all sorts of things. Hard facts that 90% of participants will agree upon are rarely the primary cause for the buy or sell decision. It is much more soft facts, subjective opinions, or rumors, mixed in with gobs of emotion that drive investment decisions. Once in a while there are lies, but it is much more often a case of half-truths.

    The weird and unexpected thing about markets is some participants that use what others might see as ridiculous inputs to their decision making sometimes consistently make the biggest profits. Go figure. >>

    image

    I can't produce the number now, but I have read that an inordinate amount of people make their investment decisions based on "gut" feelings.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭
    My opinion is unimportant, as is the news. I'm a lot happier this way, too.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    For perspective I tend to sift for information that opposes my point of view on line.

    I also pay for information.

    As far as cable----I detest MSNBC and FOX for example but love to hear what the extreme side of both streets are dishing out. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • InYHWHWeTrustInYHWHWeTrust Posts: 1,448 ✭✭✭


    << <i>...Thanks for agreeing. It is important to make investment decisions based on sound information. Truth is variable - Who's truth? My truth? Your truth? Facts don't change. Once you discard facts for "truth" then you are down the wrong road.

    PS. Pennies are selling very well, thank you. >>





    Gollygeewillickers....where does one begin?

    To answer to OP question: Yes, and we all do. It is like aerobes using oxygen. Can't get away from it; everyone presupposes and then 'sifts'.

    But I get the spirit of the OPs concern (I think) in that some people aren't going to change their mind when confronted with 'hard facts' to the contrary of their bias (presuppositions). After 'sifting' what do you do? Even the OP sifts. Again, we all do. In starting this thread, the OP was revealing his presuppositions or 'filter' through which he views the world.

    Differing points of view can generate some light more than heat and help convince one to keep their position... or change.

    What you consider a 'one-sided' or far out article, may just help you stay convinced where you are. And then you can 'file it' in the trash bin as 'whacko' or whatever, and live and let live.

    <It is important to make investment decisions based on sound information>

    Now there's an assertion just BEGGING for debate. Says who? Who are YOU to tell me what to base MY investment decisions upon? Remember "Question Authority" ? (Timothy Leary, right?) Again, says WHO? The person saying Question Authority, is a hypocrite, for obvious reasons.
    If someone wants to base their investment decisions on 'gut feeling', their parents' advice, the alignment of the stars, or their favorite PM commentator, that is THEIR decision. If it seems 'out there' to you, so be it. Why is it one should make investment decisions based on sound information? That is, "Show me your presuppositions, please."

    <Truth is variable...> goodness gracious, whatever happened to Logic 101? If the assertion 'truth is variable' it true, then it's not true. That is, the statement 'truth is variable' is variable, not ABSOLUTELY true, so it implodes. And, yes, it follows, that Truth is Absolute, not variable. The abstract law of noncontradiction was presupposed by me. I was surprised at Bear's similar assertion... too many jelly donuts I guess. If "truth is subjective" is subjective, then I say it's not and you say it is. kaboom.

    <Facts don't change...> goodness gracious,....I have never seen the antithesis made between 'truth' and 'facts' (as opposites) by definition. Had to check the Webster's on that.
    Gold closed at XXX.XX today. Is that 'true' or a 'fact.' ?? image

    There are no such things as 'brute' facts. (There's another statement begging for debate, but beyond this forum). We all have to (epistemologically) view facts through the lens of our presuppositions, THEN we can see if the facts comport with our presuppositions, or if they are inconsistent and then we 'ought' to change our presuppositions. Most people don't even know what their presuppositions are, let alone they even use them. That's the headwaters of human thought. All facts are in context as well.

    But I say all this, IMHO, to politely disregard the OP and keep positing links to whatever articles you find appropriate to PM forum (whether 'biased' (they ALL are)), and we will read and agree, discard, ignore, debate and hopefully learn more about the PM markets. That is how I have learned MUCH here and thankful for this forum, and good healthy disagreement, even if some seem either 'way out there' or never to be changed despite 'the facts' seeming contrary to their position.

    Thank you for your patience on this long post; that was my whole lunch break today image and I mean no ill will. +1 and all that. Peace.
    Do your best to avoid circular arguments, as it will help you reason better, because better reasoning is often a result of avoiding circular arguments.
  • keepdachangekeepdachange Posts: 1,374
    I only get my news from Mr. Welles

    image
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    InYHWHWeTrust, you made many fasle assumtions and then answered them.

    The point I was making between truth and facts is that truth is what you believe to be so, regardless of wether it really is. Sorry I didn't spell that out, but that is where I was going with that. Facts, are indisputable, like the price of gold at todays close.

    I didn't say you had to invest with any given information, just saying it was important. Nothing else.

    I don't think you read the post in the spirit it was intended, sorry about that.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭
    I found a repunched date on an 1857 Flyer today. It really looks a lot more like a Doubled Die, except it's only on the date that I found doubling. Who knows the truth ?


    Not exactly Headline News

    image
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    I for one welcome differing opinons on anything that affects or may affect my PM investments. Knowledge is the ultimate weapon when it comes to investing; luck is something I gave up on years ago. PM investors should read everything they can get their hands on. Even if they do not agree with what they read, they are still better informed.

    The question that each of us needs to seek an answer to is this: Why should I or why do I buy precious metals?

    In my own particular case I was fortunate years ago to see truth in the writings of Peter Schiff who at the time was considered a "kook." And as each of his predictions became fact, I became wealthier. Using his advice allowed me to retire at an early age. Thank you Mr. Schiff.

    Prepare for the worst, hope for the best.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭
    "There is no truth. There only versions of the truth."
  • keepdachangekeepdachange Posts: 1,374
    image
    "If you hit a midget on the head with a stick, he turns into 40 gold coins." - Patty Oswalt
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I listen to Chris Matthews and Olberman and divide that by 17 million then add 93 times Beck squared and subtract the speed of light times Rachel Madcow. I take that answer and multiply it by pi and add two. And I find myself right where I started from. No wiser.
  • terribleredmonsterterribleredmonster Posts: 456 ✭
    Well, if you start by acknowledging that you can't get truly honest news from television you're making a good start.

    As for me, "terribledermonster" doesn't mean I'm a ginger guy. It means I'm a socialist. And I'll tell you, as much as the word "socialist" gets thrown around in the media (especially by righties) there is nothing even remotely approaching actual socialism occurring in this country. Even the so called liberals are stooges to the economic machine. So where would a guy like me find news slanted to my extreme viewpoint? Nowhere. That's where.
    "YOU SUCK!" Awarded by nankraut/renomedphys 6/13/13 - MadMarty dissents
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    <In my own particular case I was fortunate years ago to see truth in the writings of Peter Schiff who at the time was considered a "kook." And as each of his predictions became fact, I became wealthier. Using his advice allowed me to retire at an early age. Thank you Mr. Schiff>

    I love Peter as well. With that being said hopefully you avoided his recommendations/holdings in the 2008 downdraft as he got killed. Even though he predicted the downdraft and the reasons behind them............... his positions went against him.............MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    I wouldn't say his Euro Pacific Investment Firm got killed in 2008. Like most investments at that time he took a beating, but much less of one than most investments. His firm has made a lot of his clients wealthy. I personally have taken his advice from his writings and made money in metals and Asia but under my own trading and managment. I recommend any of his books. Yes, I avoided the 08 beating by being 98% in metals at the time.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Good read, we need more opinions like these!

    Glenn Beck
    Avid collector of GSA's.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>I wouldn't say his Euro Pacific Investment Firm got killed in 2008. Like most investments at that time he took a beating, but much less of one than most investments. His firm has made a lot of his clients wealthy. I personally have taken his advice from his writings and made money in metals and Asia but under my own trading and managment. I recommend any of his books. Yes, I avoided the 08 beating by being 98% in metals at the time. >>



    Aussie dollar and aussie stocks got battered, gold and silver pulled back and shook a lot of week hands out of pm's. Miners tanked. The bulk of Peter's trades invovled these vehicles. The flight to saftey in US Debt was the one factor that did not bode well for his posions. Instead the gold flying and the dollar tanking as expected the exact opposite thing occurred. The dollar caught a bid and gold got weeker. Funny, gold only two years ago was considered a risk play. Now gold is considered a flight to saftey play.......hmmm............I reviewed Peter's own mothers Euro Pacific performance during 2008. It was not pretty. Looking better now. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    The World Trade Center's Twin Towers were imploded by the US government!

    Don't get this kind of news from the MSM ! ! !

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • EagleEyeEagleEye Posts: 7,677 ✭✭✭✭✭
    gsa1fan - My point proven! Re-read my first sentence in the OP.
    Rick Snow, Eagle Eye Rare Coins, Inc.Check out my new web site:
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Not really you just posted this to create argument in a far right majority forum. IMHOimage Peace, Tim

    Notice my first post, I just explained it.


    God, guns, & gold is how I roll!imageimage
    Avid collector of GSA's.
  • BearBear Posts: 18,953 ✭✭✭
    See, most all of our news comes from a three dimensional world
    with the 4th dimension being time and over time, biases can
    change. I get most of my news from
    the 5th dimension and so their is no 4 dimensional bias. image
    There once was a place called
    Camelotimage
  • ocon4008ocon4008 Posts: 1,703
    image

    The 5th Dimension tells the truth.image
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