/biz/ - Business & Finance

Gold has been absolutely slaughtered. S&P roaring with confidence. Another dismal weekend for the doomers and bugs. They just can't quite squeeze all those shorts loose. Dadgum, that must be painful. Just one tail-whoopin' after another for shorts.

I bought at $1050 avg between 2007-09 and held waiting for promised $3009-$5000 gold. Don't you recall Schiffty, Baloney, Kiyo, Jim Rogers, Jim Turk, Old Sinclair, Frank what's his name at US Global? All of them gold LONG saying gold bull just starting as it ripped past $1500. No one said anything about unloading it and taking profit. The real profit was yet to come...because we were told the Fed was a clown car, USD was confetti, S&P wasn't real, etc. Sound familiar? Yeh. Unload - ALL OF IT - Monday morning if you got any brains. Drop the price.

I don't know how old people on /biz/ are or what they were doing 10-12 yrs ago but we're hearing the exact same lines put out then. You know what happened? Well, 12 yrs has gone by and major powers and US investor pros and citizens can't get enough of US debt. Wake up.

Having gold is like having a 10-car garage and having one spot taken up by fly-stung, poop-smeared horse and buggy. It's obsolete.

If you bet against the U.S., this is the result: you lose a fortune and are made a fool of, rightly so. You listen to gold fools and doomers, you end up with kind of unique, anger-inducing embarrassment. Admit your costly error, lock in those big losses and get in line at the S&P trough - the only game in town.

Harry Dent sees gold going to $700 an ounce: https://www.youtube.com/watch?v=UboMFpCpJvo