Something Tastes Fishy w/ These Markets

in gold •  6 years ago  (edited)

If you ever have a chance to read "Margin of Safety", jump at it. Its right up there with "One Up on Wall Street" and "Securities Analysis" as must reads for investors. If you don't like reading books on investing, then don't, but you're just gambling in markets then. Its out of print and used copies on Amazon are currently about $800, so I'd wait for a pullback :-)

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There is a famous parable in the book that talks about the long term implications of one not doing their own homework...

"There is the old story about the market craze in sardine trading when the sardines disappeared from their traditional waters in Monterey, California. The commodity traders bid them up and the price of a can of sardines soared. One day a buyer decided to treat himself to an expensive meal and actually opened a can and started eating. He immediately became ill and told the seller the sardines were no good. The seller said, 'You don't understand. These are not eating sardines, they are trading sardines.'"

The same is true today of a lot of hypothecated markets and none are more fishy than the Gold market. They are trying to do the same thing with Bitcoin now by creating an ETF instead of people buying the real thing, they will have "paper" BTC and who knows if its actually owned by the ETF. If you own shares of GLD, one thing is for certain, you don't own Gold.

If you don't hold it you don't own it.

Take physical possession of your Gold and hold the private keys to your Crypto else you better get used to eating rotten 2nd hand fish.

@matthewwarn

To invest in Mene24k Gold Jewerly click Here
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Sound advice mw 👊😎

You give me a Minus 100% Up-Vote... That was Rude...
I just put you on MUTE...

Thank you for your continued support of SteemSilverGold

  ·  6 years ago (edited)Reveal Comment

...Really...??? A Minus 100% Up-Vote...???