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May 12, 2010 5:22 pm

I had a client, Little old lady call me today woundering if she she should buy GOLD.

More and more TV adds.   

I have had clients in and out of gold for the last several years but this took the cake.

Buyer beware a bubble maybe forming.  

May 12, 2010 5:50 pm

May be forming? 

The current assumption is that the US dollar can't sustain itself in the face of the mounting pressures from the EU, China, etc against us.  If your little old lady client can tell you why that may or may not be true, then I say let her buy some gold. 

If I hear Glen Beck, Michael Savage, or Sean Hannity shilling for their gold company one more time, I may have to become a liberal. 

May 12, 2010 6:04 pm

Long term, gold wins when everything goes to hell. So when you invest(not really an investment in my mind) in gold, you are betting on a major long term collapse. So, even if you win, you lose. Not a good bet. If you're that intent on blowing your money, go to Vegas. At least in Vegas they'll comp you free booze while you're screwing up your finances.

May 13, 2010 1:05 am

Gold is not liquid. Kind of like having a gun, if you have one, be prepared to use it. In that case, you probably want to own both of these hard assets.

May 13, 2010 8:21 am

How about suggesting a mining concern rather than the actual commodity? You get the appreciation as the metal runs up without having to purhase/move/custody the physical asset.

May 13, 2010 11:24 am

I am talking more are about when the general public starts to get abscessed with an asset class a top mybe near.

I realize it will go up in the near term as the  big banks sell there Euros and buy Gold.    

May 13, 2010 11:32 am

Hard assets will become the play as currencies are getting diluted. If you don't sell it to her, she'll buy it somewhere else. 

May 18, 2010 5:46 pm

[quote=Spaceman Spiff]

May be forming? 

The current assumption is that the US dollar can't sustain itself in the face of the mounting pressures from the EU, China, etc against us.  If your little old lady client can tell you why that may or may not be true, then I say let her buy some gold. 

If I hear Glen Beck, Michael Savage, or Sean Hannity shilling for their gold company one more time, I may have to become a liberal. 

[/quote]

So I take it your not a progressive

Jun 25, 2010 4:25 pm

How about you buy silver? Less silver than gold in the world and its being consumed because it has industrial value. Its 70% below it all time high, we have inflation on the horizon, and the historic ratio is 16 oz silver = 1 oz gold. Right now we are  around 60 oz silver = 1 oz gold ...Silver has a lot of catching up to do!

Jun 25, 2010 9:07 pm

If you look at Relative Strenght, you will see that Silver beats Gold right now. Started buying today.

Jun 25, 2010 9:28 pm

I purchased silver back in October. I am just starting at MSSB in the next few weeks, so as soon as I get some more capital from my first pay check I plan on putting all my savings into silver. Are you buying physical silver, SLV, or SLW?

Jun 25, 2010 9:32 pm

How do you find relative strength?

Jun 25, 2010 9:32 pm

How do you find relative strength?

Jun 25, 2010 9:51 pm

You're gonna put all your savings in Silver?

 Boy do you have a lot to learn. Dont ever ever ever tell a client to do that. In fact dont ever ever ever tell a client that YOU are going to do that. In fact. Dont do it.

Relative Strenght is not easily found wihtout experience in the biz. Spend time passing your 7 first then spend time meeting a lotttttt of people.

Good luck.

Jun 26, 2010 10:59 am

My savings is relatively low so its not like I am putting 6 figures into silver. I am recently out of college and want to make money in something, and I think silver is my best bet.

I already have my 7, I was working for an Indy firm that didn't give me any training at all. Now I can finally get decent knowledge of the business at MSSB.

Why are you hating on silver?

Jun 26, 2010 3:34 pm

Did you see me say i hate Silver? I said Silver beats Gold right now on RS.

I don't hate Silver. Thats not the issue. The issue is you don't know what you are doing. It doesnt matter how much you have. Or how little. If you don't have much its even more important to be less aggressive. Putting everything you have into one investment is idioticv. Whether its silver, gold, IBM, or betting it all on black.

Jun 27, 2010 12:47 pm

[quote=Sportsfreakbob]

Did you see me say i hate Silver? I said Silver beats Gold right now on RS.

I don't hate Silver. Thats not the issue. The issue is you don't know what you are doing. It doesnt matter how much you have. Or how little. If you don't have much its even more important to be less aggressive. Putting everything you have into one investment is idioticv. Whether its silver, gold, IBM, or betting it all on black.

[/quote]

So it is better to be more aggressive as you portfolio increases? This guy should be really aggressive until he has enough to diversify then diversify until he has enough to hedge then hedge until he has enough to leave a legacy.

Y&H - Silver as a single holding is a fools play not an aggressive play. Just use AOA until you get enough to move to step 2.

Jun 27, 2010 10:25 pm

Didn't say, or mean to say, that he should be aggressive as he gets more money.

He is just starting out in the business. He can't afford to lose money because he isnt going to make any for a while.  He is taking a big enough risk coming into the business. I am assuming he has to support himself, if he is living with mom and dad, maybe its another story. But part of being in this busienss is learning to be disciplined, and no better place to start than with your own money.

Jun 28, 2010 9:39 am

What is AOA?

Jun 28, 2010 5:37 pm

iShares S&P Aggressive Allocation (AOA)