…You Might Be a Gold Bug.

Posted by

Jeff Foxworthy

Jeff Foxworthy

Gold bugs have been around for over 100 years, lurking at the fringes of the investment community and singing the praises of the yellow metal to anyone who will listen.

As a result of the plunging US dollar, apocalyptic drops in asset prices and the commodity’s eight year bull market, gold has attracted a huge following among investors over the last few years.

How do you know if you’ve become obsessed with the gold trade?  Taking a page from Jeff Foxworthy‘s You Might be a Redneck series, I thought I’d offer some guidelines…

  • If you consider Diversification to mean a portfolio consisting of gold bullion, gold coins, gold bars and gold futures contracts…you might be a gold bug.
  • If you’ve been growing your beard out since Obama was elected…you might be a gold bug.
  • If the family dog’s name is Hyperinflation …you might be a gold bug.
  • If you have a poster of a shirtless Peter Schiff hanging over your bed…you might be a gold bug.
  • If you spent the summer up at the cabin storing your own urine for it’s nutrients…you might be a gold bug.
  • If every single stock in your brokerage account contains the word “mining” in it’s name…you might be a gold bug.
  • If you get your financial advice from the Glenn Beck show…you might be a gold bug.
  • If you start off many sentences with the phrase “Once gold breaks 1000,” …you might be a gold bug.
  • If your IRA jingles when it hits the floor…you might be a gold bug.
  • If the name of your investment club is AU Guys…you might be a gold bug.
  • If the panic room you’ve just installed has it’s own panic room…you might be a gold bug.
  • If the birthday cards you send to friends and relatives include warnings about the danger of fiat currencies…you might be a gold bug.

Anyway, these were some possible ways I came up with to help you determine whether or not you’ve gone overboard on the whole gold thing.  My commentary above is neither an endorsement or a disparagement of gold as an asset class worth investing in…I just wish the gold diehards weren’t quite so tedious.

Full Disclosure:  Nothing on this site should ever be construed as investment advice or an invitation to buy or sell any securities.  For a full disclaimer, please see my Terms & Conditions page.


Tags: , , , ,

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. V-neck light weight uniform commented on Aug 18

    V-neck light weight uniform

    […]Here is an excellent Weblog You might Obtain Fascinating that we Encourage You[…]

  2. طراحی سایت رستوران commented on Aug 18

    طراحی سایت پویاوب

    Net layout encompasses many diverse capabilities and disciplines in the generation and maintenance of sites. The diverse regions of world wide web style include web graphic layout interface style authoring, including standardised code and proprietary c…

  3. sex toys for beginner commented on Aug 18

    sex toys for beginner

    […]just beneath, are a lot of completely not associated sites to ours, having said that, they’re surely really worth going over[…]

  4. couples toys commented on Aug 19

    couples toys

    […]Here is a superb Weblog You might Find Exciting that we Encourage You[…]

  6. ترمیم مو و کاشت مو commented on Aug 19

    ترمیم مو و کاشت مو

    you are really a outstanding webmaster. The web site loading velocity is extraordinary. It sort of feels that you’re doing any unique trick. In addition, The contents are masterwork. you have accomplished a superb activity in this subject matter…

  7. فروش دوربین های مدار بسته مخفی commented on Aug 20

    دوربین مدار بسته

    Greetings! I have been reading through your web site for a lengthy now and ultimately obtained the bravery to go forward and give you a shout out from Huffman Tx! needed to say maintain up the excellent perform!

  8. beatstars posted on Aug 21

    beatstars

    […]although internet websites we backlink to below are considerably not connected to ours, we feel they’re actually worth a go by, so have a look[…]

  9. Lil Wayne commented on Aug 21

    Lil Wayne

    […]just beneath, are quite a few absolutely not associated internet sites to ours, even so, they may be surely really worth going over[…]

  10. طراحی سایت تالار پذیرایی commented on Aug 22

    شرکت طراحی سایت پویا وب

    World wide web design and style encompasses several diverse abilities and disciplines in the creation and maintenance of internet sites. The various places of world wide web design and style consist of net graphic design interface design and style auth…

  11. sex sling commented on Aug 22

    sex sling

    […]always a huge fan of linking to bloggers that I enjoy but don’t get quite a bit of link like from[…]

  12. نصب دوربین های مدار بسته commented on Aug 22

    دوربین مدار بسته

    Greetings! I have been reading your world wide web web site for a long now and finally received the bravery to go in advance and give you a shout out from Huffman Tx! wanted to say maintain up the outstanding work!

  13. نصب و اجرای دوربین مداربسته commented on Aug 22

    دوربین مدار بسته

    Greetings! I have been reading your world wide web internet site for a prolonged now and lastly got the bravery to go ahead and give you a shout out from Huffman Tx! wanted to say preserve up the outstanding function!

  14. فروش دوربین های مدار بسته مخفی commented on Aug 22

    دوربین مدار بسته

    Greetings! I’ve been looking through your internet site for a lengthy now and ultimately obtained the bravery to go forward and give you a shout out from Huffman Tx! desired to say maintain up the superb perform!

  15. ترمیم مو، کاشت مو ، مو طبیعی commented on Aug 22

    ترمیم مو و کاشت مو

    you are in fact a excellent webmaster. The internet site loading speed is amazing. It variety of feels that you are carrying out any unique trick. In addition, The contents are masterwork. you have carried out a exceptional action in this subject matte…

HowIInvestMyMoney