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Bob Brinker on gold



 
 
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  #1  
Old February 5th 13, 04:32 AM posted to rec.collecting.coins
Steve Spradlin
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Posts: 37
Default Bob Brinker on gold

I was listening to the Bob Brinker radio show for a few minutes during
the Super Bowl power outage, and someone called in to ask about gold
investment as a hedge against dollar devaluation. After saying he in
NO WAY recommends Gold, he finally told the caller "well if you
insist" on owning gold, that the caller put no more than ONE PERCENT
of his assets in gold, and again, NOT IN PHYSICAL GOLD, but in the
"GLD" stock market fund, which of course is a PAPER ASSET. I was just
furious! How could someone recommend this advice which can only be
described as professional incompetence???
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  #2  
Old February 5th 13, 05:23 AM posted to rec.collecting.coins
Bremick
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Posts: 641
Default Bob Brinker on gold

"Steve Spradlin" wrote in message
...

I was listening to the Bob Brinker radio show for a few minutes during
the Super Bowl power outage, and someone called in to ask about gold
investment as a hedge against dollar devaluation. After saying he in
NO WAY recommends Gold, he finally told the caller "well if you
insist" on owning gold, that the caller put no more than ONE PERCENT
of his assets in gold, and again, NOT IN PHYSICAL GOLD, but in the
"GLD" stock market fund, which of course is a PAPER ASSET. I was just
furious! How could someone recommend this advice which can only be
described as professional incompetence???
------

The guy gave his opinion. You disagree so he is incompetent? A lot of
"paper assets" are outperforming gold in the market lately.

  #3  
Old February 5th 13, 03:47 PM posted to rec.collecting.coins
oly
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Posts: 3,111
Default Bob Brinker on gold

On Monday, February 4, 2013 9:32:42 PM UTC-6, Steve Spradlin wrote:
I was listening to the Bob Brinker radio show for a few minutes during the Super Bowl power outage, and someone called in to ask about gold investment as a hedge against dollar devaluation. After saying he in NO WAY recommends Gold, he finally told the caller "well if you insist" on owning gold, that the caller put no more than ONE PERCENT of his assets in gold, and again, NOT IN PHYSICAL GOLD, but in the "GLD" stock market fund, which of course is a PAPER ASSET. I was just furious! How could someone recommend this advice which can only be described as professional incompetence???


Primo, the idea of "professional incompetence" implies being in a "profession" and most people who buy and sell gold,silver and coins are simply "dealers", an idea which can embrace a wide spectrum of skill, knowledge, experience as well as inexperience combined with mornic vast stupidity. And gee, people who only blog and talk on the radio can spew their schtick without even having any money in the game whatsoever.

Second, gold is not especially cheap at the present levels. Still, almost everybody should own some. If someone presently owns no gold, but had lots of assets and wanted some gold, they probably should ease in. They should only go all in at the present prices if they were really quite wealthy or if they had very very strong political opinions about the State and direction of our National Union.

oly
 




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