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How true is this?

The Pearl said:
On a serious note, isn't pumping gold and silver and still being wildly convinced of their invincibility the same thing as Glassman touting equities after a multi year run up? That is how I should have originally challenged you.
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I think there was relation between what Glassman was saying, which was essentially that everybody else was a dummy and wrongly evaluating stocks and by his metrics the DOW should be that high already, and when people talk about price suppression in the precious metals markets and how gold should be 2000/oz right now or whatever. But I don't think Glassman was necessarily buying into a mania, and neither is the precious metals crowd. Glassman was the catatylst for his theory. If the majority of people didn't buy into his theory, it was a total impossibility. He was trying to become the next Peter Lynch. He wanted everyone to buy into his intellectual side.

As for the metals, we just have completely different views on the destruction that derivatives have done. I don't believe central banks across the world can stop stimulating without putting the whole financial system in peril once again. I think we are dealing with zombie banks, with the Fed being one as well. I've never been betting on the intrinsic value of the metals themselves. They're just vehicles to me. If I'm wrong, I get to sell into good times, right? How hard is that? What do you think is going to crash the precious metal markets at this point?
 
The Pearl said:
On a serious note, isn't pumping gold and silver and still being wildly convinced of their invincibility the same thing as Glassman touting equities after a multi year run up? That is how I should have originally challenged you.
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Does claiming that there is going to be a dollar rally fall under this?
 
I know all I need to know about gold prices when there are 10 different companies telling me (via TV commercials) how great an idea it is to buy their gold from them constantly. Why spend millions of dollars trying to sell something that is going to double in price in the next few years? Gold is close to it's peak. Sell! Sell! Sell!
 
LogGrad98 said:
Another example: my kids freaked out when we shut off our cable TV. It is as if they cannot entertain themselves when denied the ubiquity of popular culture spewed from the TV or computer. And it isn't as if we gave them free reign on the TV or internet all the time, we set boundaries, but the sense of helplessness they showed is troubling. They adjusted of course, but it was pretty painful.
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It isn't just kids who can't handle life without their gadgets. If adults aren't watching sports or shows, they are playing video games, or playing on their laptops, or talking/texting on their phones, or goofing on the internet. The sad thing is that adults don't have someone to bring them out of their self imposed gadget stupor.
 
Millsapa said:
It isn't just kids who can't handle life without their gadgets. If adults aren't watching sports or shows, they are playing video games, or playing on their laptops, or talking/texting on their phones, or goofing on the internet. The sad thing is that adults don't have someone to bring them out of their self imposed gadget stupor.
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Very true. I guess I am glad for a wife that threatens to leave me, or worse, from time to time if I don't shut those things off for a while. =)
 
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