OTCPK:HCGI - Post by User
Comment by
R_J_on Apr 15, 2017 12:46am
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Post# 26123703
RE:RE:Goldman sachs has this wrong, that interest rates hurt gold
RE:RE:Goldman sachs has this wrong, that interest rates hurt goldPermit me to throw 2-cents into this discussion.
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I often delight with a nightcap, the downside is that I often wake up with a mild headache.
I usually delight with Peep2's posts, the downside is that they cause me to pull out my hair.
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Smallscapsking response stopped me in like a deer in the headlights
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"I think investing is really about understanding culture as much as it is about understanding numbers."
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For a moment, I felt envy, as I have a poor understanding of people's tasted.
Things that I thought were values that I imported from the Orient, turned out to be total flops at my short-lived attempts at being a swap meet vender.
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At heart I am an investor, but as investments became so overpriced, investing became hardly possible.
So, I degraded my standards a bit, and became a speculator.
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I am somewhat here because of, Sprott’s head of American operations, Rick Rule's words:
“Either be a contrarian, or be a victim.”
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And Jerome Smith’s words:
“. . . if the State is wrong in what it is doing, then there ought to be a way to profit from it.”
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H. L. Mencken (1880–1956):
"...nobody ever went broke underestimating the intelligence of the American people."
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Of course Bill Bonner:
"People do not get what they want or what they expect from the markets; they get what they deserve."
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So Smallscapsking, forgive me for paraphrasing your statement with my own spin.
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"I think speculating is really about understanding cultural stupidity, and how to make a profit from it."
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RJ