Good morning and welcome back to the gold mine where all you have to do to make big money is find some heavy metal in every few tons of dirt you move. Ever watch that Gold Rush show on the History Channel? It’s crazy how much earth they move to find such little gold. We do a lot better finding winners in our Revolution Stock investing approach than those guys looking for gold.
Anyway, speaking of gold, it continues its steady ascent and while I’ve been waiting and hoping for a pullback since we got long and strong gold and GLD down at the recent lows after its recent crash, it doesn’t look like I’m going to get it today.
Next week, I’ll likely add to my gold and maybe even the short-term GLD trade I’m still holding. GLD is a trade, not an investment and not something I recommend for those of you looking to buy into the recent lower prices as protection against inflation/revolution/political upheaval/debt crises/currency wars/etc.
While we are in these wildly revolutionary monetary times of unprecedented global currency debasement (on purpose?! In the US, these idiots actually WANT a weaker dollar — we have to stop electing Republican/Democrat Regime members whose every policy is to deftly steal the wealth of savers and small business owners…but I digress), I will always recommend buying some gold coins and bullion and storing them somewhere safe that you can actually physically get to.
Do not trust the same people who told you that subprime liar loan mortgage backed securities were AAA to deliver the gold they promised you in your ETF or brokerage account when the next economic crisis ala 2008 hits. They lied to you about what your assets they were holding for you back then. They are lying to you about what your assets they hold for you are right now.
But the global currency debasement wars are real. And as I’ve pointed out before, in a time of war, the fog of war means that nobody out there — debasing their currency and entrenching themselves in an economic trench warfare unlike anything the globe has ever seen before — has any idea what the unintended and long-term consequences of these policies will be.
So stick with buying gold, any way you can for now. And stick with buying physical gold and holding it forever.
Meanwhile, Amazon is down today after a decent earnings report last night. In five years, I expect Amazon will be at least double its current price. I don’t care what the market does with it today.
And Coinstar is up today after its rather horrendous report last night. I think this stock is looking ever better as a long-term short position, but the question is timing. I’ll hold some short on this one for now and work on a strategy for when to really get short this one in size.