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"If" - Reflections On The Precious Metals

Tyler Durden's picture




 

Last week's collapse in precious metals prices reminded Santiago Capital's Brent Johnson of Rudyard Kipling's famous poem 'If' - "If you can keep your head when all those about you are losing theirs." This brief but complete summary of why one should hold gold, the theories about the drop, his view of the manipulation - "would it really surprise anyone?", and the ongoing and increasing realization among the mainstream that a rising gold price is the canary in the coalmine of economic distress and currency debasement is well worth the price of admission. His message is clear, buy physical gold - rather than futures - don't use margin and store it somewhere safe. The last three minutes of "Ifs" are a succinct list of the questions everyone should ask themselves about the status quo.

 

 

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Sat, 04/27/2013 - 14:38 | 3505792 solidus
solidus's picture

Give PUD a break.  We need as many PUD's on this board as possible.  I never feel stronger in my convictions as when the best argument an intelligent person can come up with are incredibly weak.  Kinda like when I listen to the drivel from Paul Krugman.  After listening to people such as these, I know I'm right.  Without enough dissent, all we have here is a mutual admiration society which may be right or wrong in its conclusions.  PUDs confirm our conclusions.

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