toobad41

The Gang that Couldn't Shoot Straight: Central Bankers and Gold

Here is an idea. Buy all the gold coins you can get your hands on and toss them in a spare room in your home. Let them accumulate so that you have a very large pile of them. Then everyday go in the room and count them and keep a journal of how many you have accumulated. When you get a big, big pile you can brag to your neighbors, friends and even email everyone you know how many gold coins you have in your home. As people are wont to do they will likewise tell their friends and neighbors. Soon everyone will know how many gold coins you have in your modest home. You can probably see where this story is going. By-the-way, I don't own any gold other than my wedding ring. You can tell that to your friends and neighbors.

Where Can We Make Profits?

The old adage of "if you don't know where you are going you will end up some place else" is appropriate for investing. You are absolutely correct in having a plan. That plan needs to be focused on one segment or sector of the market. Become an expert in one area and make that your focus. Make that your road map to profitablity. In the distant past my investing was like being a "grasshopper" jumping from stocks to bonds to commodities...hoping to hit on something big. That does not work. If your interest is in oil commodities, REIT's, banking, pork bellies, corporate bonds, or whatever make one a focus and learn everything you can about that which really interests you. Then once you have a tremendous amount of knowledge in your chosen area of interest you build your plan to make a profit. Never, ever be a grasshopper. Stick to one area of interest and reap the rewards. Forget the rest, don't follow the crowd.