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The Boeing Company Message Board

  • mir_roguns mir_roguns Apr 18, 2013 10:24 AM Flag

    Keep Youre Eye on Gold or Silver


    People that know I'm the prophet of profits know I made a fortune not trying to pick and hold stocks but holding them only for very short periods of time.....sometimes buying and selling the same stock 4 or 5 times in the same day. I have never regarded gold or silver as investments but rather insurance policies. Rich guys like myself know the differences between investments and insurance. Really ignorant people like the Kent Raven thinks Social Security is an investment.

    OK, here's the deal on Gold and silver. Ben Bernanke with his perpetual quantitative easing is creating money at 6 times the almost non-existent GDP growth rate. The government spends a lot of time lying about how low the inflation rate is. If you're a victim of socialized government education you won't be able to put two and two together and understand what this means. However, if you like insuring a portion of your wealth against the ability of the government to reach into your bank accounts and take whatever portion of your wealth they wish to take through a form of taxation known as inflation then gold and silver are good insurance policies.

    Insurance is not something you trade but if it gets cheaper, as it sometimes does, it's a good time to buy a little more if you need it. View gold and silver the same way.

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