"...if you don’t own gold, buy some now. If prices continue to pull back off the highs, buy some more." Peter Schiff
Cravings are going to occur to you. So here's the rule of thumb about [...] investing in the stock market, or about anything else: If the impulse comes from a joyous thought that feels good, follow it. If the impulse comes from an uncomfortable thought that felt bad, don't follow it. AbrahamHicks
Wide diversification is only required when investors do not understand what they are doing.... WB ... [Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head. Warren Buffet
"In the absence of the gold standard, there is no way to protect
savings from confiscation through inflation. ... This is the shabby
secret of the welfare statists' tirades against gold. Deficit spending
is simply a scheme for the confiscation of wealth. Gold stands in the
way of this insidious process. It stands as a protector of property
rights. If one grasps this, one has no difficulty in understanding the
statists' antagonism toward the gold standard." Greenspan w/Rand 1966
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