Why to not let gold consume your life
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AL The inquisition ?
franky, please stick to the topics discussed in the interview. I also removed your first comment with the video link. It was had no relevance and those videos do not belong on our site.
When GOLD drops 50 $ And you CRY Your a SISSY ! And you don’t need to by in diss market !!!!!!!!!!! Cory ok ! Dis is investment advise !
Come on CORY……….franky is a valued contributor, SOME TIMES….., Plus, it sometimes adds to the excitement and reduces boredom ….GO franky………you the man.
Plus we need representation in Belgium …………
REALY OK JJJ,LLL,OOO ! CORY NAUGHTY BOY !
Do not worry Frankie,,, Socrates was misunderstood also……….
Speaking of the Illuminati and all that Franky, do you ever swing by the E.U. HQ there in Brussels and flip all those evil people the bird??
Have to agree Cory. franky you’re putting up some really stupid posts.
Thanks Chris – the sign of a man who speaks the truth or who inclines towards it over and above just sounding off is someone who’s intelligible to regular, unsophisticated guys like myself. Put bluntly too many of the over-clever guys on this site leave me cold! lol
Thanks for the good words re: Chris. He really is a good guy Reverend.
Thanks from me too
…Let your life consume your gold!
Gold is trying to take back the 1268 area right now…
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&yr=1&mn=3&dy=0&id=p33399707640&a=361926967
Currently $1270 by $1271!
Agree with there Chris. I don’t like being in any camps either. Why do I need to take sides in a “You are either with us or you are against us” kind of scenario. I happen to not agree with Rick or Doc or Gary or Al this morning. Could i be wrong? Of course! But like you I enjoy the freedom to just call it like I see it because sometimes groups turn into herds without even realizing it. Nobody should lose sleep (or friends) over such disagreements.
Hey Andrew, before you call any of us clever maybe take a survey of a few of the wives. You might change your mind 🙂
Yes WW3 ! White the wives of RUSSIA !
Unfortunately, I cannot hear this broadcast. It kept buffering forever.
Bird,
Just follow up on yesterday’s discussion. I have my greatest respect for your rich investing experience. You probably started trading when I was still a little kid. My investment experience started from mid-1990s. Since I did not have a lot of money to invest, I did not lose much in the .COM bubble, kind of lucky.
I am not sure why people chose gold to invest in the 1980s and early 90s. It started to make sense in the late 90s. Gold’s fundamental and central bank manipulation were both terrible. Gold value for the total gold FED and Treasury reserve rose to 50% ABOVE the money supply when gold was at $850, which at a fractional reserve system is an extremely high value. The interest rate went to 20%, which is equivalent to 15% real interest rate. US and EU governments employed all the methods of manipulation such as selling gold reserve, leasing, hedging, paper selling, etc. to suppress gold price. Volcker, Greenspan, Summers all expressed strong desire to suppress gold price at many occasions.
Nowadays, it is completely different. We have zero interest rate, QE, shaky financial system. Asia emerges as a big gold physical buyer. Manipulation by the western governments is still lethal but waning. The gold value in Treasury & FED is only 7% of the money supply. To reach 1980 level, gold has to rise 20 times from current level. This is assuming that they still have the gold, which I doubt it, considering US has been a large gold exporter for many years.
I have noticed that all rich investors who achieved great success are the type of “Being Right and Sitting Tight”. I don’t know of any trend followers who have achieved great success. Maybe someone here knows. For me, I have to do a lot of research to have some degree of “Being Right”. But I can set tight definitely. I am lucky in the sense that I don’t need the money for another 20 years and I am receiving a salary well within 1%. I can wait and got other assets.
Please don’t get offended by my posts and I wish to have your level of experience. I am still learning. I feel that the fundamental investors are vulnerable to be the victims, who give up at the worst possible time.
Agree with you Lawrence re: the early to mid nineties and gold. I personally did not start to made any real money in gold stocks until after the turn of the century.
BTW, when I look back at gold price, the short to medium term tends to be directionless due to the high volatility. The only periods which showed trend were at the peak like 2006, 2008 and 2011. I remember I felt very comfortable during those few months. I learnt my mistake in 2006 and 2008 for not selling into the rally and took some action in 2011. I doubt anyone can reliably identify the trend and not been sucked into a death spiral.
Completely agree about the herd, Bird!
Right on BM – my wife’s a lot brighter than me!
They always are Andrew. I don’t even fight it anymore. Life has been sweeter ever since!
Totally agree with both of you Bird and Andrew!
ditto,ditto, ditto…..and incase she reads this message……….ditto…….
Ha Ha!!! Good one Jerry. And if I may, I will also add a ditto because my beloved likes to read over my shoulder when she is not busy on the computer next to me. Make that a double ditto just for good luck!
thanks Bird………………
Well my wife can’t be that smart….
……she married me after all 😉
You mean you are a work in process too?!!
Aren’t we all BM!
Oh and yes franky you can entertain us as well!!
A……..I told Frankie not to worry…..even Socrates was misunderstood….OOTB
THE ILLUMINATI EBOLA VIRUS COMPANY ! ( Novartis AG ) IS DOWING NICE IDIOTS !!!!!!!!!! http://www.bloomberg.com/quote/NOVN:VX/chart