Great
Article, from April of this year:
"12 (Misguided) Commandments of gold
Buffs" I liked what this article said
then.......even more now....
Gold is DOWN 20-25% since then.
Food for thought........
And......
We should "ALL" Always keep an open mind.........
But.....hey, put on your thinking cap BEFORE you make up
your mind !!
( And remember, ONLY the future will prove who is
right.....and we can only use the PAST as our
guide....AND..... the "game" is NEVER "OVER"......EVERYONE
has a chance to eventually be RIGHT, as prices of EVERY
commodity go up and down in the cycles that lie
ahead......BUT......making predictions for the TOTAL
COLLAPSE of any commodity IF DONE TOO EARLY -whether about
the stock market or the US Dollar - as that price
continues to go up and up and up will NOT make you right if
you are 3 years early. And, making predictions for
some outrageous price escalation - whether it is gold at
$5000/oz or the DOW at 25,000, is equally silly. and
THAT is my opinion!!) As the US and World
Economy have struggled to find some earlier sense of
"normalcy" over the last 5 years, recognize, that the WORST
PREDICTIONS have NOT come true!! And if that WAS your
BET....and you INVESTED accordingly, you LOST OUT on a lot
of gains in the last 4 years.
BTW........as I've always said.... NO Total
Economic Collapse until when? Until AFTER the
Rapture happens....... The dominos are ALL LINED
UP......just waiting for the Rapture to knock them all down.
And I can't
WAIT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I believe in
a PRE-Trib Rapture....and I believe it will happen BEFORE my
Retirement in 7 years....hopefully much earlier than
THAT!! We shall see.
YFIC,
RAndy
PS.......EVERY ASSET CLASS has it's periods of UPS
and...DOWNS......EVERY SINGLE ONE!!!!
Stocks....
Bonds...
Diamonds...
GOLD..
SILVER.....
Real Estate.......
IF YOU.................don't take some profits along the
way......OTHER PEOPLE will be happy to take your profits FOR
YOU!!!!!!
The challenge is......don't get caught BUYING TOO HEAVY
in a market TOP..... and try to do some investing in a PULL
BACK.
And.....
and.....
and.....
And.......
ALWAYS....ALWAYS......ALWAYS.....WHAT??
DIVERSIFY DIVERSIFY DIVERSIFY
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
PPS....the chart below is on GLD, an ETF......which DOES
accurately track the price movement of gold. I
couldn't find a true GOLD chart.....but the percentage moves
are the SAME.
