"Use your feelings, Luke. Join me, and we will rule Commodities together as father and son."
Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.
Buy gold. And silver. And lead. And copper. And indium. And yttrium. Come to think of it, buy them all. Except for lutetium, and bromine. But get all the rest. At least a little.
It doesn’t take a rocket scientist......
How about bottled water, generators, gas. The market since the end of August has went up over 10%, nothing going on in the Economy can explain part of this, Unemployment Lost 95,000 more net jobs, consumer confidence, foreclosures, $1.3 - $1.6 Trillion debt.
The thing is any interest bearing investment is dead, now would be a buying opportunity. Gold, Silver, Platinum, Copper. Any commodities are on a tear including food. This has to become inflationary at some point.
Buy ammo.
Okay, but when I’m done violently selling stuff, I’m not ever listening to any fancy pants movie soundtracks again. I hope he’s happy.
that being said, I am locked and loaded.
lol
Investment Dead Cat Ping!
It kind of amazes me that some people see gold and silver as the ultimate wealth protector. The article claims gold tends to hold its buying power over time. It wasn’t all that long ago that gold was under $300 an ounce (and silver under $4). Had someone purchased gold at the peak of its last bubble in the 80’s, they would have had to wait twenty years to break even (not counting inflation).
I’m all for people doing whatever they think is in their best interests, but I wouldn’t touch gold with a ten-foot pole. I purchased metals back when they were practically giving them away, but right now, this run up looks speculative to say the least. Like every bubble, there will be plenty of folks pushing the “product,” not because they care about you or I, but because they want to profit from it. Historically, these things always burst, and when they do, the late comers get slaughtered.
Good guns and rifles are good investments because they hold their value and protect the investment at the same time.
Love his soundtracks, especially the Star Wars series.
"Use your feelings, Luke. Join me, and we will rule Commodities together as father and son."
Been meaning to say glad to see you back in force on the subject Lori! Thought you dropped out on us there for a while...
X
As opposed to the gradual and polite selloffs we usually see. And keep pushing rare metals. Pretty soon it’ll be trapped juan the miner stories daily. These “miners” are gold bugs digging around in century old holes because of the current gold mania. Hardly worthy of our oohs and ahhs.
After 50 years the Fed figured there's no need to be the cleanest and biggest financier in the world, just the biggest since there's no other game in town which comes close.
Investing in the market is the practical thing to do to stay ahead of inflation from QE. Yes, gold works too, as does real estate, bullets, cigarettes, alcohol, etc. In fact I saw someone coming out of Sams Club yesterday with a flatcar full of cigarette cartons. However, I find stocks and mutual funds easier to trade.
bump
Great post. Thanks.