A Shiny Trinket
The whole financial news community is eager, if sometimes cautious, to call a top in gold. ”The bubble is bursting!”, they long to say. Nevermind that these are the same people who thought gold was overpriced at $400.
What is that gold going to do for you anyway? Just listen to Charles L. Sizemore complain:
Unlike a stock, bond, rental property, piece of productive farmland or even a piece of artwork that can be lent out for viewing, gold produces no income, nor does it create anything of value. It’s a shiny trinket.
The level of hate towards gold continues to expand as everyone who doesn’t understand the precious metal becomes more and more convinced that it is in a bubble already. Surely, they would understand if it truly were a good investment. But wait – the article concludes that gold isn’t even an investment at all:
But investors should use last week’s gold-price plunge to get a little perspective — and maybe a little humility too. Gold is not a safe haven. It’s not even an investment. It’s a high-risk speculation that’s had a great run. And that run, if it hasn’t already, will come to an end.
The sad truth is, that these same people will signal the true top in gold – but only after they at last give up their skepticism and turn into manic supporters. They will signal the bubble alright – but they will be on the wrong side yet again.
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- Tags: gold, gold bashing
I’m not so sure. In some twisted form of sadomasochism, i think these degenerate scum love being financially gang raped by the money printers. They crave it, they long for it, and they want everyone else to join in their perverted orgy of inflated stocks and dollar worship. They love watching their and everyone elses saving evaporate at the stoke of a pen. They worship the ground Ben Bernanke walks on and dream about having their faces stomped by the jack booted thugs at the federal reserve. Yeah Ben…., give it to me…., spank me with more QEx! Please don’t stop Master! Choke me higher prices! Choke me higher taxes! Humiliate me with lower wages! Whip me harder! Take my house, my car, and my job! Oh yes….. i love it!
If this sounds good to you then i suggest hording all the funny money you can and maybe invest in netflix. For everyone else….. Got Silver, Got Gold, Got Guns? Get anything the money printers can’t create or inflate with the push of a button or stoke of a pen.
Now for a couple of choice quotes from a sleazeball named Alan Greenspan. Apparently he had a conscience at some point.
“You always have to ask the question why is it that central banks hold so much gold which earns them no interest and which costs them money to store. The answer is obvious: they consider it of significant value, and indeed they consider it the ultimate means of payment, one which does not require any form of endorsement.”
“Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
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