RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Up Oh, I don't think you really meant "paid basher or shorter" other than to try and insult me. But the more accurate description might be; naysayer, doubter, or downright skeptic... yes, I think skeptic is the best.
I have a question: You said that you are only a 1/4 of the way through your purchasing plan... are you buying gold, gold stocks, or both? (You don't have to answer if you are uncomfortable stating your position.)
I tend to only "advise caution", and rarely, if ever offer "advice" on any stock, commodity or investment.
Having said that, how about this... (since you still plan on investing the other 3/4)... how about you do a little research, trying to refute my "skeptical arguments." If you can't, you will likely begin to turn a little sour on your plan, and if you can, then you know to forge ahead.
You don't need to tell me, or the board, or state your position otherwise. I think you might find that you MAY begin to second guess what you thought might be a sound investment plan.
If I may suggest a place to begin, try this imaginary scenario:
A random country is deciding to buy more gold to shore up their reserves. You are on the commitee to give your opinion on the matter to the federal reserve. You are going to BUY $1,400.00 gold for your country (with taxpayers money) to back your currency because you feel as though you have printed too much and want/need a little reassurance.
IF gold goes up, obviously you made the right decision.
But if my view is right (that central banks etc. are going to be dumping large quantities of gold to lock in the last 5 years of gains) how far are you going to go with your plan?
In other words, "If you didn't have the gold to back your printing press to begin with, how are you going to back your printing press after you take a $500.00, $800.00 or $1,000.00 hit on the very gold you bought to shore up your currency in the first place?... or don't you really care, because it's the taxpayers who are really going to take the "double hit" anyway, not you with your extravagant salary and proven tax havens.
Then look at it in this manner: You aren't the central bankers advisor, you are a private investor and taxpayer. What would you advise the federal reserve to do?