petersl

Time to Buy Gold

Ditto. It is interesting to note the bubblevision "gurus" and "money honies" on CNBC that tout financials and forecast the impending doom that they almost uniformly predict will befall the commodities markets. Their alleged fondness for scraps of financial legerdemain known as derivatives and those that purvey them (Bear Stearns, Countrywide, Citigroup, Lehman Bros., you know the rest), is legendary. These "gurus" would have you dump your stocks that have a connection to reality (tangible assets, commodity based), and acquire in phalanx fashion, rube "fools gold" in the form of their overpriced, understated danger laden, paper. Well, you can fool some of the people all of the time, but not all of the people all of the time.