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Purpose2012
Member since May 2012
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>The Soap Opera Surrounding Today’s Gold Sell-Off Has Started  - Dan Dontrose - The Fundamental View
This guy really needs to move to de-caff. "Too many people have seen their finances crushed because they continued to drink the kool-aid" ?! All that has happened is that gold is now >20% below its all-time high. Even if you were unlucky enough to buy on the day it hit the $1900 high (and are foolish enough to sell it now), a 20% loss on a *reasonable fraction* of your portfolio should hardly be disastrous. If you had 25% in gold, then you've lost an absolute maximum of 5% of your total portfolio: the stock markets regularly rise and fall by far more than that, but no-one seems to make a fuss about it.

How are those Apple shares doing ? Wow, down nearly 39% in 6 months...


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4197 days ago
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Beginning of the headline :Forget all the garbage you are most likely to read on the internet this weekend from the usual suspects who will spin today’s sell-off in gold and silver a co-ordinated event. If they thought that this was a planned smash they would have done the responsible thing and warned their readers to sell their bullion before the smash to buy it back later. It takes one well thought out argument laden with circumstantial evidence and misguided and most often incorrect facts to start the ball rolling on w... Read More
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