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Ben Stein says the end for gold

wpr102wpr102 Posts: 37
in Precious Metals
""There's no alternative." No, gold bugs, he doesn't think being long commodities is a long-term solution, either. He's actually terrified of gold.

Noting that investors who bought gold as long ago as 1978 would still be "licking their wounds" on an inflation-adjusted basis, Stein says it'll likely be the Chinese who pull the rug out from under gold this time. If and when the Chinese realize hoarding the barbaric metal has been a mistake "that will be the end for gold."
"


http://finance.yahoo.com/blogs/breakout/rely-money-not-people-ben-stein-123520229.html

Comments

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    Awesome. I would sooner listen to a Beer Stein then Ben Stein. He was a deer in head lights in 2007-2008. I did like him in Ferris Buellar's Day Off though.........

    Whoops. Maybe the worst call evah


    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......
  • SereneDudeSereneDude Posts: 374
    Ben should stick to making eye wash commercials and leave prognosticating to the professionals.
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Isn't he the one who made that stupid commercial patterned after the "Whack-A-Mole" game at Chuckie Cheese's?

    I rest my case.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    Idiot!!
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    If he never saw the gold bull coming in the first place how the heck can he predict the end of it? image

    All I know is that he's made some pretty bad calls in the markets over the past 5 years. The kinds of calls that crush you for years.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    image
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • TomohawkTomohawk Posts: 667 ✭✭


    << <i>If he never saw the gold bull coming in the first place how the heck can he predict the end of it? image

    All I know is that he's made some pretty bad calls in the markets over the past 5 years. The kinds of calls that crush you for years.

    roadrunner >>



    Agree 100%. May be throwing the baby out with the bath water, but once an actor, always an actor...and actors are almost always deluded and disconnected from reality (few exceptions here...Reagan for one). Quick or easy wealth has a tendency to blind one to JSP's (me!) plight.
    ASE Addict...but oh so poor!
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Another case of someone who has a bit of the spotlight, with no deserving credentials or performance. Cheers, RickO
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Another case of someone who has a bit of the spotlight, with no deserving credentials or performance. Cheers, RickO >>



    agree

    almost every star on TV or Hollywood can say something, anything and have their lemmings.

    those stars tend to follow whatever is in the majority regardless so as not to hurt their popularity.

    thanks for the other link MJ. Stein is really "falso" ( i did that in Italian just for you....any you know whyimage
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    It makes you wonder when a "smart" man like Stein is spouting garbage advice regarding investing. My guess is that he's just being paid to give the opinion of his employer. Just like when athletes promote a certain brand, which they probably don't use themselves.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
  • cohodkcohodk Posts: 19,101 ✭✭✭✭✭
    Even a broken clock is right twice a day.image

    Point being that someone can be wrong 99% for the time, but there is always that pesky 1%.

    Other than that I dont know if there are many more postives I can say about him.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>Even a broken clock is right twice a day.image

    Point being that someone can be wrong 99% for the time, but there is always that pesky 1% >>



    This is correct. Meredith Whitney is a "prime" example..........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......
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Not my idea of a rational approach to
    reality !!!
    Timbuk3
  • 57loaded57loaded Posts: 4,967 ✭✭✭


    << <i>Even a broken clock is right twice a day.image >>



    when daylight savings time ended, it's possible to be right 3 times...i thinkimage
  • TWQGTWQG Posts: 3,145 ✭✭
    He's pimping another book. That's usually when these experts are given spotlight by their clueless lackeys in the financial media.
    My eBay store
  • MilesWaitsMilesWaits Posts: 5,349 ✭✭✭✭✭
    China stills believes!!

    I appreciate it when some mouthpiece states a big change in either direction cause it brings out the true believers and confidants!

    Keep the faith comrades...

    Miles
    Now riding the swell in PM's and surf.
  • braddickbraddick Posts: 23,963 ✭✭✭✭✭
    Ben Stein still believes the earth is 6,000 years old.

    peacockcoins

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,286 ✭✭✭✭✭
    Donald Trump says : "You're fired" and half the nation is without jobs.
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