In 2004 he told me I was a nutty fruitcake goldbug.
In 2005 he said tech stocks offer bigger gains.
In 2006 he said I got lucky and now it would crash.
In 2007 he said the top is in.
In 2008 he said it was too late and he missed the move.
In 2009 he said, "did you see what happened to gold last year?".
In 2010 he said gold was never coming down again.
And now, after SEVEN years, one of my buddies is going to buy physical today. 30 minutes last night explaining how to buy it, to whom to buy it from, and yes, yes, it is real. And so on, and so on.
Actually two people called me about physical yesterday, but only one will really buy. The other guy always says he is going to buy, but then he never does. This guy, the one who made all those comments above (and a few more <g>) is actually going to buy today.
And his reasoning? He is now convinced that nothing can save the dollar and within five years it will be worth half of it's present value. I don't know if that is true or the math accurate, but Rick Santelli has been saying this: If you buried 10,000 in cash and 10,000 in gold, which is going to be worth more in ten years?
And we all know the answer to that.
GT
TH |
