If Nick Guarino of Wall Street Insiders is right, the very last thing to put your money into is commodities like gold, silver, and the like. Commodities are merely a HEDGE against INnflation - they aren’t “investments”. He insists that we are in a DEflationary period and the government is desperately trying to inflate money to make it worth less and inflate their way out of the debt they owe, but that it won’t work, because it never has worked.. The definition of INflation is: “Too many dollars chasing too few goods”. To print money is to inflate it and devalue it.
He charges his subscribers $5,000 a year for his stock market advice which is always against the prevailing conventional wisdom,
For another perspective, you may want to read what he says here:
Wednesday, October 06, 2010 7:13 PM
Six months to biggest stock market crash ever
http://www.wsifn.com/instantfree/flashemail_100610.htm
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Here are a couple of articles that reinforce his position:
Fed Deflation Concerns Trump Inflation Worries
The Market Oracle ^ | 10-`2-2010 | Bob Browne
http://www.freerepublic.com/focus/f-news/2606648/posts
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The Fed’s commodity bubble
October 15, 2010 11:33 am http://finance.fortune.cnn.com/2010/10/15/the-fed%E2%80%99s-commodity-bubble/
See even more here: http://www.freerepublic.com/focus/f-news/2606648/posts
I know Nick Guarino.
I was his subscriber between 1993-1996 when his newsletter was called, WALL STREET UNDERGROUND ( apparently, he now calls in Wall Street Insider).
Back then he was calling for a stock market meltdown.
Well, I missed the 3 year boom until I quit subscribing and went full into tech in early 1997. I rode the hell out of the DOT COM BOOM until mid 2000 when his prediction came true ( a full 7 year after he said it would happen ).
Luckily, I pulled my money out the day the market crashed and lost only about 10% ( it continued to crash the next few days -— it was the DOT COM BUBBLE ). The NASDAQ has not recovered back to its DOT COM BOOM level for 10 years.
I still made over 50% on my investment between ‘97 to 2000.
This guy Guarinio is a like a stopped clock. He’ll be right twice a day, but he’s the eternal doom and gloom sort of fellow.