Thursday, May 20, 2010

BUY GOLD

BUY GOLD BUY GOLD

Everywhere you go you hear the gold trade is the place to be. Every street corner has some group willing to melt down your gold for pennies on the dollar. Well guess what? I am not a gold bug and as a registered investment advisor I would say to be very weary of gold even at these levels. If I was selling you receipts of cattle that I had in my garage but never showed my hand would you believe me?

Well guess what? I wouldnt because it is a trade too many are piling into too quick and forcing it up and even with the greek and euro crisis going on you will see that there are reasons why it has already pulled back from its all time dollar amount high (note not inflation adjusted high) stay out of the gold trade.

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