“How NOT to be a victim of gold scams” Part Two.

FreeRepublic Original Research ^ | Feb 11, 2024 | Widget Jr

[Widget Jr]

"Gold is not going to make you rich. But it generally keeps up with inflation over time."

Good enough to keep up with inflation is sound advice. This reminds me of a old joke about the stock market:

"Bulls make money, bears make money, and pigs get slaughtered".

Armstrong makes his money turning people into pigs.

[Terry L Smith]

all these BUY GOLD NOW ads all show MINTED coins, and maybe some ingots.
These minted coins, not design imprinted ‘rounds or bars’ are assayed and given a rating by one of many clearing houses. Precious metal sales stores usually have A house they choose for rating metals. when these coins are sold later on, the shop will offer the SPOT PRICE OF THE METAL, NOT THE MINTING PRICE OF THE COIN.

alot of places offer ‘gold certificates’ ....use them as emergency toilet paper!!!

[rottndog]

Silver is much more negotiable though...easier to trade at $23 an ounce.

[MotorCityBuck]

HA!! Perfect.

[TexasFreeper2009]

um... how about not EVER sending a wire and never giving financial information of any kind to anyone who initiated the conversation with you?

Is it really that hard?

[Vermont Lt]

I have a bunch of silver collected from elderly relatives. They all had big gallon jugs of silver change from the 40’s and 50s.

I certainly recall buying stuff with silver coins. I am in no hurry to sell it or dump It. My kids can wonder where I got these bags of silver. HAHA.

[xoxox]

Wish someone would do this scam and this scam, which seem to have turned otherwise good people into zombies.

[Faith65]

bfl

[Faith65]

bfl

[Timber Rattler]

That guy is a first class crook and currently on Putin’s payroll!

Great research!!!

[Ruy Dias de Bivar]

Ask this simple question. They claim money is becoming worthless and you need to buy GOLD from them! If Gold is such a good bargain why are those with GOLD willing to sell it for worthless dollars?

[Widget Jr]

All markets respond to changes. If more investors followed Martin's advice, the market would stabilize and return to new normal. Then someone else would come along to take advantage of the new status quo. The problem for following Martin's advice is this:

• He is telling people what they already know.
• Most of what he says is irrelevant to any investing, and is so wrong it isn't funny.
• It is nonsense layered in confirmation bias ("the EU banking system has to collapse").
• He is making it up to draw people in to buy from his store.
• Divination has better accuracy than his Socrates "AI".

Martin made three good predictions about economic downturns during 1980s. That was it, and that was 40 years ago. Everything since then has been crap or worse. He did not take a plea deal over running a Ponzi scheme because he was making better investments than anyone else.

As for the claims of his accuracy which he himself has made, here is a list, of Armstrong's Major failed Predictions and The Failed Emerging Markets Meltdown Prediction

A stopped clock is right twice day. The other 8.46x10^-16s - 2x10^-20s the clock is wrong.

[aMorePerfectUnion]

—> Armstrong makes his money turning people into pigs.

Idiotic statement.

Armstrong sells research and educational meetings.
No gold.
No investments.

[Widget Jr]

Since it is necessary to explain context, irony and sarcasm, and point out misrepresentation, I will, its no big deal.

First, "Bulls make money, bears make money, and pigs get slaughtered" is a historical reference from fur trading. "Bull" traders bought and held when the price increased. "Bear" traders sold fearing a price decline. "Pigs" were the ones who got greedy speculating and lost everything. They were the ones who got "slaughtered".

Second, my post is calling out Armstrong's real record of phony predictions. He does not buy or sell commodities or stocks and I never said he did. The "research and education" Armstrong sells is garbage for the gullible. Those who buy and follow his advice are the "pigs" who get "slaughtered".

Does this clear up the thread for you?

[aMorePerfectUnion]

—> Armstrong sells is garbage for the gullible.

Yes professionals of all kinds worldwide, including family offices, hedge fund managers, private account managers, etc. my former world for +30 years.

Obviously, you know so much more.

—> Those who buy and follow his advice…

It is research, not advice.

Professionals do not “follow” research.

Your ignorance on display again.

[Uncle Lonny]

A lot of people are buying Bitcoin instead of gold. At one time you could buy a Bitcoin for a dime. Now it is priced at $47K!

[Uncle Lonny]

A lot of people are buying Bitcoin instead of gold. At one time you could buy a Bitcoin for a dime. Now it is priced at $47K!

[Larry Lucido]

https://www.youtube.com/watch?v=5LBskGieRkY

Norm Macdonald - Infomercials (Gold and Reverse Mortgages)

[EEGator]

I miss Norm, he was awesome.

[gitmo]

Mookbark for tomorrow.