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Catching a gold basher - Eric Janszen

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  • #31
    Re: Catching a gold basher - Eric Janszen

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    • #32
      Re: Catching a gold basher - Eric Janszen

      Why bash the gold bugs, when they can be put to good use:

      Lenin was before the time of goldbugs, if he was alive today might he not recommend putting the goldbugs into forced labor - ah, er, I of course meant re-education camps where they could train goldplating public urinals with their own gold? What's not to like, a nifty solution to the gold & goldbug problem.



      3-D GOLDSTORE, HONG KONG RESTROOM, CHINA


      The gold store owner in Hong Kong was inspired by Lenin's vision of building public restrooms made of gold. Everything in the restroom including the toilet, sink, tiles and doors are all made of solid gold.

      http://www.pocketburgers.com/2007_10_24_archive.html
      Justice is the cornerstone of the world

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      • #33
        Re: Catching a gold basher - Eric Janszen

        Well its one louder now isn't it?

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        • #34
          Re: Catching a gold basher - Eric Janszen

          Originally posted by Fiat Currency View Post
          Yes - I consider copper and lead to be PMs too ...
          Ditto. I even count my copper in troy ounces now ...
          Finster
          ...

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          • #35
            Re: Catching a gold basher - Eric Janszen

            These ones go to eleven...



            Why do the media tags never work for me when I try to insert a clip?
            Last edited by FRED; 07-22-09, 11:29 AM.

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            • #36
              Re: Catching a gold basher - Eric Janszen

              Originally posted by WDCRob View Post
              These ones go to eleven...
              already covered on page one

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              • #37
                Re: Catching a gold basher - Eric Janszen

                Originally posted by FRED View Post

                ...we have never bought and held a short ETF for more than a few months nor have we ever said it was a good idea to do so.

                We have repeatedly stated short ETFs cannot be held for more than a brief period.

                Additionally, we have observed over the years that even over brief periods short ETFs frequently do not behave as expected.
                Thank you for repeating this, as I have not heard it before.

                I am currently holding shares in two short ETFs:

                ProShares UltraShort 20+ Year Treasury (TBT) and

                PowerShares DB US Dollar Index Bearish (UDN)

                The first being held in anticipation of rising interest rates and the second as a hedge against a falling dollar. Both are longer term plays, which goes against your recommendation to not hold short ETFs except for brief periods of time. Are there better ways to reach these objectives?

                Thanks.

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