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RE: Another Billionaire Goes All In On The "Barbarous Relic" Gold While Mainstream Media Remains Silent

in #money8 years ago

After the past 15+ years of market absurdities, if you're an investor and don't hold any physical precious metals, there may be something wrong with your long-term strategy. I don't think we've seen the end of the bubble problems from 2007-2008. The only thing that happened was the Federal Reserve pumping tons of cash and bottoming interest rates in order to reinflate the bubble. It was never going to work.

Now, the problems with debt and overextended credit haven't changed, but the "solutions" have essentially been exhausted. Nothing was ever actually fixed. It's going to be a bigger pop the second time around.

Thanks for the post.

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Well... imagine you sold your company and invested in the stock market in 2008... and you lived a great life and you died this year. I'd say it worked pretty well for you, right :-p