Invest Intelligence When It Realy Matters
Gold Charlatans Strike it Rich While Their Sheep Get Fleeced (Part 4)
Gold bugs and dealers alike have pumped out so many misconceptions and flat out lies about gold, silver, and the economy that it would be impossible for me to set the story straight in a single article; that's saying a lot considering the fact that my articles tend to be rather lengthy. However, I have previously written several articles that address the majority of the most common of these myths and lies (check the end of this article for a partial list).
If you have been sucked into the vortex of lies from these charlatans, you could stand to lose a HUGE amount of money over the next several years as the gold bull market comes to an end.
And if you really think gold will never again fall below $1000 as Marc Faber the gold-pumping clown has "guaranteed," I regret to inform you that you're a damn fool. Why would you even trust what a man who is always preaching doom has to say?
Moreover, if you really think the Dow Jones is headed to 1000 like Robert Prechter insists, you aren't thinking straight.
And if you think the euro and even the European economy is in better shape that the U.S. dollar and the U.S. economy, as Peter Schiff insists you might want to check yourself into the loony bin. And you can take these clowns with you.
Perhaps the real reason for the ridiculous statements and claims made by these men is due to FINANCIAL INCENTIVES.
Every single one of these gold hacks is making money in some way from pumping gold and making gross exaggerations about the U.S. economy.
The fact is that they are making false statements and coming to ridiculous conclusions in order to line their pockets with YOUR money.
Having no bias is no guarantee that you will be right, but it is something all investors should look for.
If you want the facts about gold and silver, hyperinflation and everything else, as well as the insights from one of the world's leading investment minds, we suggest you patch into our research.
Of course, the best way to access our investment intelligence is to subscribe to one of our investment newsletters. Newsletter subscriptions come with a complimentary Membership.
You will not find this level of insight anywhere else in the world.
Here we conclude this 4-part series.
See here for Part 3.
See here for Part 2.
See here for Part 1.
As I have detailed in previous articles, I do not consider precious metals to be much of an investment vehicle for a variety of reasons.
And with good reason, Warren Buffett and Charles Munger agree with me.
For instance when Warren Buffet and Charles Munger have been asked about gold, here is what they have stated.
"You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what that's worth at current gold prices, you could buy all -- not some -- all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?"
Warren Buffet, Chairman and Chief Executive Officer, Berkshire Hathaway
May 2012
“[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
Warren Buffet, Chairman and Chief Executive Officer, Berkshire Hathaway, July 2012
“Gold is a great thing to sew onto your garments if you’re a Jewish family in Vienna in 1939 but civilized people don’t buy gold – they invest in productive businesses.”
Charles Munger, Vice Chairman, Berkshire Hathaway, May 4, 2012
GOLD ARTICLES
(do NOT read one and form your opinion; you can only obtain the full picture by reading each article)
Kitco: The CNBC of Gold
Manipulation of Gold and Silver Prices
Understanding the Proper Use of Gold and Silver
Kitco Senior Gold Analyst Agrees with My Views on Gold
Dismantling John Williams' Hyperinflation Predictions
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 1)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 2)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 3)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 4)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 5)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 6)
Golden Dreams & Delusions: The Story about Gold You Haven't Heard (PART 7)
Debunking the Myth that China is Selling U.S. Treasury Securities
The Importance Of China To The US Economy
Understanding Manipulation of Gold by the Media
Gold Propaganda from Raymond Dalio
We Predicted The Market Selloff Yet Again
Did You Get Fleeced by Max Keiser, Alex Jones and the Rest of the Stooges?
Max Keiser, Alex Jones and their Lackeys Scamming People AGAIN
You can find much more about charlatans by accessing our massive and constantly expanding Encyclopedia of Bozos, Hacks, Snake Oil Salesmen and Faux Heroes.