Jump to content
Objectivism Online Forum

Rate this topic


CrowEpistemologist
 Share

Recommended Posts

  • 5 months later...

http://money.cnn.com/2015/02/12/investing/buy-gold-market-fear/index.html

 

LOL:

These so-called crazy gold provide lots of business for Kitco. He said their influence is most obvious in the market for smaller units of physical gold between one and 32 ounces.

 

"These investors buy the metal and it just disappears. It goes under their mattress. They want to use it when the world ends," Hug told CNNMoney.

 

 

Link to comment
Share on other sites

Crow's making millions playing the other side of the market from all the idiots in the world. It's child's play compared to the currency trading he does all the time to keep on top of central-bank manipulations. 

 

The upside for the idiots is that when they're retired and broke, and social security is insolvent under current rules, Crow's millions will be taxed to pay for the idiots' retirement. So -- as he's assured us -- he'll be making the system solvent again.

 

And, it is all good and moral .... after all involuntary taxes are the way to go.

 

Got it!! 

 

And... thank you Crow.

Edited by softwareNerd
Link to comment
Share on other sites

Yaron Brook offers two interesting assessments in his presentations Investing: An Objective Approach and Money-Lending: Its History and Philosophy.

 

In the Investing lecture, he clearly puts forth his take on gold. He does not consider it a good investment. I agree: in the context he presents it. In his money-lending lecture discusses currency trading much as sNerd described  it in the previous post. When you consider all the different currencies as commodities, you broaden the category to where it could include the commodities market.

 

In this sense, gold is clearly not the vehicle for the passive investor.

Edited by dream_weaver
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

×
×
  • Create New...