Wednesday, December 2, 2009

I'm a cockroach

Erin Burnett of CNBC just called all gold bugs cockroaches, inferring they've only recently come forth in this melt-up rally of precious metals. This is more evidence of the anti-gold sentiment on Wall Street, Main Street, the government, the banking cartel, and mainstream media outlets. Prognosticators who completely missed the decade-long bull market in precious metals are now declaring a "bubble." Look at their track record: they missed the meltdown in equities and real estate, and missed the bull market in precious metals. Now we're going to trust them to call a bubble?

I guess us cockroaches should remind her that gold has appreciated almost five-fold since 2000, and in that same time span, equities have declined. In other words, it's not just a one-month phenomenon. An investment in gold-related investments is a cynical bet agsinst crooked bankers and free-spending, corrupt governments. In retrospect, it's not that hard of a trade.

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