Should investors guard against ?
03.27.10
Some liberals appear to be disturbed the fact that Glenn Beck has a sponsor that advocates investing in gold despite the fact that gold investors have made a fortune by investing in gold over the past 10 + years ?
If these liberals are so concerned about Glenn Beck and gold investing……..should investors guard against the uncertainty of investing in precious metals by purchasing gold the way so many liberals purchase so many things……..by purchasing gold using other people’s money ?
In essence this has already been done. A few years ago a woman who won a million dollar + jackpot on an Atlantic City slot machine admitted that she regularly used her monthly welfare check to gamble at Atlantic City.
you are correct that fortunes have been made in the precious metals market over the last decade. they did it by buying at the up swing of the price change and selling at the first downturn after the price crested. Buying precious metals now is wonderful for those that have gold, it means that they haven’t crested out yet but when it does they will unload. If those that are buying now miss that opportunity then they will likely panic sell to cut their losses. If Glenn Beck advises people sell off that gold while they are still in the plus column then I’ll have a much different opinion of him. But I won’t hold my breath while waiting.
Right now, the best long term investments are in the stock market not commodities. FYI: My silver is worth twice what I paid for it, so I’m paying attention to Beck and the market. i what to recognize that crest as early as possible.
Are you asking whether or not “liberals” should invest in gold? I don’t know. I don’t have the money to invest in much. I don’t think gold investments are a “liberal” or “conservative” issue. It’s akin to the stock market. People of all political affiliations invest in things. Was that your question?
HE’S A SHILL…PEACE AND LOVE,,,,PEACE AND LOVE…..