Posted 08/30/2011 7:46 pm
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Buffett, for instance, bought and sold silver in the middle of the first decade of the 2000s and later admitted that he sold too soon.
Indeed, he did, probably leaving millions on the table.
Buffett, for instance, bought and sold silver in the middle of the first decade of the 2000s and later admitted that he sold too soon.
Indeed, he did, probably leaving millions on the table.
Buffet is the greatest living investor and one of the greatest of all time. That said, no one is perfect. Buffet makes mistakes but does not seem to make a habit of it. I would be ecstatic to have invested and created so much as 1/1000th of what Buffet has done.
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You won't learn that from FINRA. In fact, the scandal of gold's rise from US$250 at the beginning of the decade to nearly US$2,000 in 2011 should be cause for litigation against numerous financial planners whose fetish for balanced portfolios caused their clients to miss out on gold's tenfold surge.
You won't learn that from FINRA. In fact, the scandal of gold's rise from US$250 at the beginning of the decade to nearly US$2,000 in 2011 should be cause for litigation against numerous financial planners whose fetish for balanced portfolios caused their clients to miss out on gold's tenfold surge.
No part of Wall Street has any love for gold and are likely to recommend it only when it is in a definite bubble. Since gold is not in a bubble now, they will not recommend it. You can bet that if a gold bubble does form, they will be in their pitching it as hard and as fast as they can... just before it goes POP!
They don't profit very much from gold buying or selling. No, they want commissions and lots of them! Anything that creates a commission is good - anything that does not is bad... and whether or not the item in question is an excellent investment or not really does not enter into the equation. It is for us to understand this, know where they are coming from, and do as we need to do regardless of their "advice".
