You have arrived upon the very complex financial strategy of the Gold Bug.
1. Gold it up! The poop is hitting the fan! It’s the End of the World! Buy Gold!
2. Gold is down! The poop is hitting the fan! It’s the End of the World! Buy Gold!
> You have arrived upon the very complex financial strategy of the Gold Bug.
> 1. Gold it up! The poop is hitting the fan! It’s the End of the World! Buy Gold!
> 2. Gold is down! The poop is hitting the fan! It’s the End of the World! Buy Gold!
I notice that’s also the finical strategy of oil/petrol:
1) peace in the mid-east -> prices go up,
2) war in the mid-east -> prices go up,
3) uncertainty in the mid-east -> prices go up.
3rd Rule of Prep Club: If someone says “SHTF”, do a shot.
You pretty well hit it.
GoldBugs are only right about once a generation. Trouble is, when they're right, they tend to be very, very right.
I dunno, I think that I'd rather buy a nice stock that pays out 3-4% / year. That, plus growth, is easier on my ulcers than a rollercoaster gold market.