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Gold - how unusual.
Yeah, what a fuckin nut...
Yeah, everyone who has invested in gold is crazy, and are buying into a bubble. It's just a rock that women like to look at, nothing more!
Classic... the ad that I was forced to watch in return for being provided with the Marc report was for Goldman Suchs.
I'd like to hear Faber say, "One Billllllion Ounces!"
During November crash even Mark Faber was disappointed to see equity markets tank on an interview. He mentioned maybe 25% is in commodities and metals.
Truth is that even Mark Faber himself wouldn't allocate ALL of his money into gold today. Probably max 30%. No hedge fund would invest 50% or greater into gold and be able to charge 2/20 from their clients.
That's why FED gets away with printing. Bernannke knows, nobody has the balls to invest 100% of their life savings or inheritance or corporate cash or reserves into GOLD.
Not even BIG TIME gold bull Bearing has even 30% in gold! Hey, I do not want to see everything crash either. I own stocks and (fewr than before) bonds too.
It is important to point out that nobody has to be at the All Inn to be diversified into gold! And gold is real diversification. Even mainstream money managers say it´s OK to have 5% - 10% in gold. And yet, it is believed that only 1% - 3% of Americans own any investment gold, seems incredible to me.
99% of Americans don't own anything. Even your doctor earning $200k/year has $300k student debt + $800k mortgage debt.
That ferrari is a rental, that boat is a rental, that McMansion is a rental, even US government is in debt in order to finance war.
Well most of Americans are idiots and probably don't even understand the concept of inflation or simple personal finance. Believe in magic and after life bs.
1% that own something will own gold because they care about inflation.
If there is is heaven, it will be made in GOLD.
And we haven't even gotten around to currency devaluation. Should short term rates perist into the negative and long bond auctions fail, a currency devaluation aught to be in the cards.
Huxey, I have LOTS of MD friends and can tell you:
1) None of them make less than 400K per year
2) None of them have any student debt
3) None of them have a Ferrari, some have boats that they paid cash for
Hmm, what they feed you blokes in the UK? How do you become so arrogant to point fingers at an entire populus? And the "most of Americans are idiots" is a real winner, again proves your arrogance, perhaps outstripped by your ignorance.
Depends on how old they are....and their specialty but generally I'd say $200-$250k unless you are in the ROAD fields
You realize that only 30% of US population 25+ has 4yr college degree or higher? And college degree barely says anyone of their intelligence.
I don't usually like to be this harsh, but...
It's "populace", you dumbfuck cretin.
God, not even "populous" is spelled "populus".
He was undoubtedly referring to the quaking aspen: Populus tremuloides
I bet none of them live in the U.P.
So...I should swap three pounds of silver for gold?
I heard Farber recently advise being:
25% Real estate
it's still the best advice in troubled times for any mid-sized portfolio upwards
kind of the "old school" of "old money"
he always jokes about the cash part, it's for opportunities and girlfriends/wifes
I note that Tyler has not highlighted a little snippet: he does not believe in a catastrophic demise of the EUR - even if a certain amount of countries would resume their own currencies he sees a role in the EUR as inter-country currency. I believe Greece and a couple of other countries will get off and, at some point, get back on. Not Germany. Not now that Italy is on Austerity course.
Tyler, your EuroPhobia looks from my perspective nearly pathological. What will you write in ZH if the EUR is at 1.425 by Easter?
Nevertheless, your POV has brought me to request access, put my little annoying avatar, etc. etc., so: all the best for ZH's next year.
Ah, and Thanks
what would be the purpose of hedge funds if people thought they should just go all in on precious metals. In fact thats one of the reasons why bosses like hugh hendry and others are against them in my opinion. If any hedge fund boss came out and said just buy gold, and silver and youll get 25% copounded returns on average for the next 8 years...what would be the point of investing with him??
I have about 70% of my life savings in gold. I wish it were 100%, but made the mistake of diversifying, mostly into Swiss Francs.
just imagine you buy this stuff, sit on your arse and outperform the entire Hedge Fund Industry by miles without $millions in bonuses and commissions
...and you also outperform Rob Prechter and Elliott Wave International (who have been calling 'TOPS' for nearly 2 years and every one a failure) by even more
What's not to like about Gold? ...you've got to be an incompetent investor, or Ben Bernanke, not to think Gold's a no-brainer
He and other have been saying this for a long time. Pretty simple, get a clue
@ Mister Lennon Hendrix
As for me, Im getting real tired of explaining the value of gold to people. Im at the point where if someone I know doesnt get it, well too bad for them. The only reason I would defend gold on a blog is because half these trolls are bots sponsored by the private banking cartel known as the federal reserve bank.
Sometimes its really is best to not call a man a fool. Just take his money. I quit pumping the metals a while back, and now feign passing interest.
things and traditions older than central banking are made in gold.
US Federal reserve themselves have most gold reserves. When Chinese want their currency to gain more power, they start stocking gold.
Venezuela didn't trade oil for plastic shit from China. They called back gold.
@ Careless Whisper
I hear you re trying to get people, even family, to buy gold. So I just gave up, They know where I stand, and they choose not to hear. OK...
are you fucking nuts?
Yeah, Faber is a nut crackpot but worst of all, he lives in a foreign country instead of the place he was born in, like so many American traitors nowadays. He should be court-martialed and executed for high treason.
People dont get jokes around here, huh?
The quick ones laugh, the slow ones downvote.
Too many agendas.
Except he's not American...
I thought the Swiss accent would be quite obvious...
Shit, and its not even the weekend....
Couldn't resist TammyWanger.
When your country is ran by murderous dictators,who would want to stick aroud,...?
Besides you,and the likes of you.
Fuck off Faggot.
Hamy allows his Stars & Stripes biggotry, firmly stuck up his rectum, to cloud his judgement on good investment advise
Hitlers Germany isn't a million miles away, or Francos Spain or Maos China ...exterminate anyone intelligent who doesn't strictly sing the national anthem breakfast, lunch and before bedtime...fuking brilliant Hamy's World
Long Gold, long tobacco processing - short dollar (long term debt on balance sheet) write put on home prices, short Vale, long cheap exporters in Portugal and Greece which will have soon a quasi debt cancellation! (redenomination of debt in bananas)
GLD is taxed at 28%, gold futures at 60/40 on gains.
BUY IT, IT'S ON SALE NOW!!!
There's that word again; "heavy". Why are things so heavy in the future? Is there a problem with the earth's gravitational pull?
In the 1950s, they didn't have Oprah, Kirstie Alley, Dennis Gartmann, Rosie O'Donell, Michael Moore, Salamander Grinchgrinch, or a "supersize-me" obese teenage and 20-something cohort.
Of course the value of G has had to grow over the last few decades.
Yes, Doctor Brown. There's so many enormous lard asses in the US of A, it's affecting the field.
Go long insulin, bitchez!
Is there a problem with the earth's gravitational pull?
Is there a problem with the earth's gravitational pull?
portfolio is getting heavier with all the gold in it...
heavy metal gold.
heavy metal gold!
Unless you are getting physical, this is more mental masterbation at this point.
Chuck Norris has a very special tip for you.
Awesome, Chuck Norris's one wish is to go to Washington, line up all the politicians and have Ron Paul point out the corrupt ones, his black belts bring him the politician and Chuck Norris chokes him unconsciousness.
chuck norris died 20 years ago.
death just hasn't built up the courage to tell him yet.
gold thinks chuck norris is money.
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