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Did "They" Ever Tell You To 'Buy Gold' Or 'Sell Stocks'?
Gold bears are coming out of the woodwork to declare gold dead. Santiago Capital's Brent Johnson wonders where they have been for the last 12 years and reflects on the reality of why one should hold the precious metal; putting the recent weakness in its proper context.
Some context?
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"Dollar" cost averagng onto ounces is the way to go for all us in our 20's-50's who have incomestreams already. No paper, just physical.
If it was $100, Gold Bears would still be telling you to sell. They are economic zombies.
Yes, they have told me such things. They told me to buy gold when they were trying to sell gold. They told me to sell stocks when they were trying to buy stocks.
That's gold, Jerry. Gold!
Perfect. The "goldbugs" over at boating accident have finally updated their price list and have added some paper products as well. All notes listed are in my personal collection that I keep for STFU purposes. I have a much larger collection than what is shown but those notes were selected because they best represent many aspects of what we face in a fiat world. It may not appear so but I have spent a lot of time on that post and some of those notes many of you will never have seen before. The central bankers that be do not want scans of overprints out there because it is evidence of their chicanery. Well, too bad for them. I hope you all get a laugh. If nothing else you will understand what my screen name was derived from. Peace.
http://www.boatingaccidentnews.com/boating-accident-news-store-new-product-offerings-and-price-updates/
What's this "boating accident" meme all about?
Thank you for asking auric1234.
Well, after a lot of years in the PM market you develop a sense of humor and not hubris. The problem is, that for all of the ZHers out there that are so intelligent and talented in their specific fields, we share one common fault: We are all horrible boaters. Let face the facts shall we? No other website out there, to the best my knowledge, has had as many members involved in some sort of tragic boating accident as ZeroHedge has. It always ends in a total loss for us.
The meme, if there is such, is about soft rebellion. No one should ever go "full retard". Full retard is another meme here on ZH. Boating accident was created as an escape valve option from FaceBook for former MWers. Let's be honest here, there are plenty of ZHers here that were once MWers. I have seen many a good comment be deleted, censored, on MarketWatch.
Many years now I have been at the cause of trying to promote taking individual responsibility. I am not winning. Boating accident is a place for creative folks to post something off topic. It's like AA minor league baseball to polish your writing skills. I may not be the brightest bulb all of the time but I can say for sure that a significant portion of the next group of the best writers are going to come from ZeroHedge. ZeroHedge is jam packed with some very good writers who are holding back.
Peace
Hangman is one of my favorites of games to play.
If you play hangman and the word to solve is 'bankster' and you choose to lose every time, you still win!
Back in ca. 1980 it was the beginning of the new Thousand Year War (980 to 1980 lull while the Moors were losing hold in Spain at the end of the 19th Century). Needless to say, precious metals went ballistic. The world was going to go to hell in a handbasket and you would be lucky to be alive. Well, the war seems to be here to stay. There is still 967 years to go to the end of the new Thousand Year War, so there is plenty of time to buy gold.
33 years later, the world as we know it is still here.
I missed an opportunity to buy a numismatic double-eagle for 289 dollars back in 1998 or so. It was a beautiful coin. Makes me cry in my beer.
Silver looks like a buy at this time.
If gold falls to 1000, it will be a buying opportunity.
Shun gold at your own peril.
only time will tell. the performance at the moment in comparison to the s&p is bad.
and i feel bad for all who bought at very high price levels and are now sitting on a huge loss. let's see if gold can fight back. if gold can work its way back over 1600 i will take a more bullish stance. in the meantime there is no need for owning gold imo. remember the fed is still in command here. and as long as QE continues there is more money to be made in the stock markets. if you want to store your wealth buy some land, or apartements and rent them.
just my 2c.
And then there is AAPL vs S&P and GLD
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=GLD&x=38&y=13&time=20&startdate=1%2F4%2F1999&enddate=5%2F11%2F2013&freq=2&compidx=SP500&comptemptext=AAPL&comp=AAPL&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12
Past performance is .... etc!
Are central banks selling hundreds of tonnes of gold per year into the market in a concerted manner?
Are central banks allowing their currencies to appreciate in value? i.e. deflation?
Then... What are we talking about here?
Everyone should have at least 5% to 15% of their portfolio in physical precious metals. The Markets aren't going to get much better for fiat assets.
For information on the physical precious metals market, including mintage figures, news, etc., etc., www.free-bullion-investment-guide.com
Duh
all that it tells you is that gold is still way overpriced
And all you tell me is that you're way too dumb
Respectfully of course
Sell stocks when they are below their moving average, buy when above, and you'll never be taken for a sucker.
Do the same for gold.
Currently, stocks are above their moving average. Gold is below its moving average.
WHO YOU GONNA CALL?
Benghazi........gone from the msm.......again!!!!!!!!
If I were able to get into a time machine and travel to the future, I would choose to have gold waiting for me versus any other asset.
If I were unfortunate to go into a coma, or get stuck on a deserted island for twenty years, I would want gold waiting for me when I returned.
If I were able to travel to a civilization in a galaxy far far away, I would take gold with me.
If 4 different time capsules were filled with cash, stock certificates, bonds, and gold ... The one who dug up the gold would probably feel more fortunate.