Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (29638)	5/8/2005 11:33:53 PM
From: shades	Read Replies (1) \| Respond to of 116555

I am not ingoring thousands of years of human history, there has been much history when many humans got along just fine without gold - why are you discounting this? Don't get emotional, i heard puplava lose it one day with Tim Wood because he was saying get out of gold and puplava busted a vein - you could hear it popping over the audio feed. He started arguing with his guest that no time is smart to get out of gold or gold stocks, even if the technicals support getting out of gold and gold stocks, because gold could go to 5K an ounce over night and tim wood - the cyclesman - you could almost hear him laughing at mr. puplava. Puplava lost it for about a minute, he was very emotional, I fear many people have this EMOTIONAL attachment to shiny metal. I hope you don't ignore the thousands of years of human history where in many places at many times people did not value gold, even when they had access to it. How much gold do you own? Would you feel silly if you were like Mr. Puplava and had been telling people for many years now to buy gold and gold stocks and all your listeners wrote in and said you cost them a lot of wealth? Or would you do like he does and say hell its cheaper now AVERAGE DOWN and get MORE. Phil Grandie makes fun of people like this - www.philsgang.com - he has people call in that bought stocks - even gold stocks at 80 dollars and is now 10 dollars and they say what should we do and he tells them to go out in the carport and suck on the exhaust pipe - that averaging down is for suckers. But like you say, it is your WEALTH, if you want to put it into shiny metal that is your choice - how much time and money are buffet and gates putting into GOLD? Certainly they are smarter than you or me. What is the SMART MONEY doing? I see them investing in beer and cable and phones and computer - things people will use everyday - not shiny metal that collects dust in the pawn store. Go to your local coin shop - ask to see thier gold coins - count how many have dust on them. I am curious.