GoodyearPimp: As long as you have somewhere to store it cheap/free
wildcardjack: Don't bubble up on this one. I just wanna know what the next bubble is going to be so I can get in early. I bet Beanies are gonna make a come back.
Hagbardr: GoodyearPimp: As long as you have somewhere to store it cheap/freeIt doesn't take up a lot of space. I fit mine between my canned food stockpile and my ammo stockpile.
phaseolus: Hold on --"First Cramer feels that the process of getting gold out of the ground is growing more expensive - and those costs, he says, will be passed along."Doesn't it basically work the other way, where the current market price for gold or *any* metal determines whether a mine can be operated profitably or not, other factors (ore concentration, operating expenses) being known quantities?
Fark_Guy_Rob: There is very little evidence to suggest any of the investment guru's, investment books, investment strategies consistently outperform random selection.And I'm not even talking about the 'average' fund manager. We're talking about the good ones.But nobody wants to hear it. They want someone who has all the answers to wear a nice suit, in a nice office, and tell them, 'Hey, trust me, *I* got this'. They want the book whose author says, 'LISTEN I'm RIGHT and here is why!'. They want a celeb who says, 'SELL SELL SELL!'It's nothing new, of course. You could find very successful astrologists who make money hand over fist, who have written books, who have legions of loyal customers who swear they are right. But whatever success they have, it's *not* because of their ability to predict the future.Same with these stock guys.Take 100 guys and have them randomly pick stocks. On average, they will perform as well as the market as a whole. But, one of those guys is going to be the top performer. And with an education and background, he can explain in depth why his picks were the right ones and why he made each one...and it'd sound great.And that's pretending it's a level playing field.
Atomic Spunk: His investment style isn't for everyone as the volatility is extremely high. The people who follow his methods sometimes need to overlook the bad patches and continue to forge ahead. There were months where I got really pissed at the losses and thought about stopping, but I'm glad I didn't. His level of analysis and the lengths that he goes to in researching the companies he profiles is really mind-boggling. I'm not a shill, just a subscriber that has been extremely pleased with the results.
you have pee hands: Aren't most people who go for extremely risky in a bull market going to get exceptional returns? I'd think you'd see a similar effect if did a bunch of options trading on the stocks comprising the XAU index. The real question is whether he's able to weather a downturn or whether he multiplies his losses, too.It makes sense that some guys are going to routinely beat the market, because not every investor is aggressively pursuing new information all the time so someone who's looking for the right things should be able to gain some edge, but it's awfully, awfully hard even in hindsight to separate good decision making from luck.
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