If you listen to the cackling hyenas on CNBC you’d think that gold is for fools and survivalist nutjobs. Douchebags like Barry Ritholtz have scorned and ridiculed gold investors for years. These mouthpieces for the vested interests don’t like to look at the facts. They will spew what has happened over the last three months as proof that stocks are a fantastic investment and the gold bull market is kaput. The truth is that gold has returned 71% over the last five years versus the S&P 500′s pitiful 20% return. The BLS bullshit CPI number rose 10% over this same time frame.
Going back to the glory days of 2005, before the Wall Street created disaster, gold has returned 244% versus the pitiful 30% return on the S&P 500. The CPI has risen 21% over this same time frame.
What has been a better inflation hedge, gold or the stock market? Can the vested interests print more gold? Can they take 10% of your physical gold over the weekend with an electronic transfer? Do you trust idiots like Barry Ritholtz who are dependent upon dupes to place their cash with them? Do you trust the bimbos and shills on CNBC to give you good advice?
card802 says:
The real test for true gold bugs is yet to be faced, and the hyenas will cackle even louder.
What happens when the Euro, as it is now doing, continues to fail? Investors will rush to the dollar. As the dollar is temporarily strengthened, Gold, silver, oil, other PM’s should fall, right?
Like or Dislike:
3 
0
18th March 2013 at 10:17 am
napari says:
I’ll pass the test….easy!
I’ve still got buying power the question is at what point do they take the stuff off the shelf if the price of bullion goes to low??
My problem I fear will be finding someone who’s willing to sell.
Like or Dislike:
2 
0
18th March 2013 at 1:12 pm
Administrator says:
GOLD INVESTORS
Like or Dislike:
3 
0
18th March 2013 at 1:14 pm
AWD says:
The freeloaders are winning
Well-loved. Like or Dislike:
5 
0
18th March 2013 at 1:19 pm
AWD says:
Arizona is winning. I’m sure Admin will like this one:
Arizona lawmakers back gold, silver as currency
Associated PressBy Cristina Silva, Associated Press
Arizona Republicans want to allow gold, silver to be used as currency
PHOENIX (AP) — Arizona lawmakers say the global economy is on the precipice of financial ruin and the U.S. dollar could soon be worth less than the paper used to make it.
These doomsayers are pushing forward legislation that would declare privately minted gold and silver coins legal tender, no different under state law than the U.S. dollar printed by the federal Department of Treasury.
The measure is Arizona’s latest jab at the federal government, which prohibits states from minting their own money. It also reflects a growing distrust of government-backed money.
“The public sees the value in it,” said Republican Rep. Steve Smith, of Maricopa. “This is the type of currency we have had over the history of mankind.”
http://finance.yahoo.com/news/arizona-lawmakers-back-gold-silver-233837866.html
SSS is on board
Like or Dislike:
3 
0
18th March 2013 at 8:31 pm