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View Diary: Where is your Gold Messiah now, Glenn Beck? (49 comments)

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  •  Its all cyclical (2+ / 0-)
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    LEP, VClib

    In a market like ours, you buy low, sell high. The fact that most people do the exact opposite is one of the reasons why there are a lot of very wealthy fucks in this country that make their money off the stupidity of others.

    That being said, gold is a good investment at specific points in an economic cycle or for particular investment strategies. Suggesting that gold is never a good investment holds the same weight as suggesting it is always a good investment.

    •  I don't see where it was claimed (2+ / 0-)
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      shrike, Lying eyes

      that gold is never a sound investment.

      What's aimed at is the Glenn Beck school of thought, that gold is the übercurrency, the one safe store of value. Which is, and always was, and all ways will be bullshit.

      (And what do you mean, a “market like ours”? ALL markets work that way.)

      Code Monkey like freedom / Code Monkey like peace and justice too
      Code Monkey very nerdy man / With big warm fuzzy bleeding heart
      Code Monkey like you!

      Formerly known as Jyrinx.

      by Code Monkey on Mon Apr 15, 2013 at 08:31:12 AM PDT

      [ Parent ]

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