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Politics : Welcome to Slider's Dugout
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To: SliderOnTheBlack who wrote (11321)8/28/2008 9:45:25 AM
From: RonMerks  Read Replies (1) of 50089
 
'What did you think you were insuring by continuing
to hold gold?

Read that last sentence one more time, and think about it.

What did you really need to be insuring?

If you got that right...you got the trade right.

If you didn't...you got crushed.

Crushed, because you needed to be insuring, what you
incorrectly perceived to be your insurance.

You needed to be insuring your gold -- not holding it,
as insurance.'

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Well I guess I'd better get this said before I get banned-

I have been trading gold and silver since the middle 1970's. And I have at one time, or another- subscribed to most of the hard money- gold newsletters. From the $49 newsletters that are only a 'tease' to get you to subscribe to a $5,000 trading service- to those $5,000 trading services and everything in between.

I am not going to stand here and say that none of them ever made me money- because many of them did. But, the vast majority never did anything but tell me what I already knew and tell me that gold was always going higher and to buy every dip.

And Slider- you've written a lot of good stuff and I've learned a lot from you. But, today- this was your best post ever. What I clipped and posted was something very simple- but yet profound. I thought I was following what you said- and I thought I knew what you were saying- and about half of it- I did.

But I must admit that your point about gold bugs thinking their gold was insurance- versus insuring their gold- was brilliant.

Youve talked about mind set a lot- and about picking up the box and turning it upside down and shaking it. And I thought I understood. But you point today was a light bulb finally being turned on.

That was your best post- EVER. And this was brilliant-

'Crushed, because you needed to be insuring, what you
incorrectly perceived to be your insurance.'

Bravo!

Ron
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