…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. XR Brands strap on commented on Aug 23

    XR Brands strap on

    […]we prefer to honor numerous other online internet sites around the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  2. دوربین مدار بسته مناسب من commented on Aug 23

    دوربین مداربسته مناسب من

    Eat gradually if you want to minimize the event of acid reflux in the course of your meals. When you try to eat way too quickly, your physique does not have enough time to procedure the foods, which can lead to inflammation and discomfort inside your a…

  3. bitcoin commented on Aug 23

    bitcoin

    […]please visit the internet sites we comply with, including this a single, as it represents our picks through the web[…]

  4. فنکوئل commented on Aug 23

    فن کویل و فن کویل سقفی

    Hi just desired to give you a transient heads up and enable you know a few of the photos aren’t loading accurately. I’m not sure why but I think its a linking issue. I’ve tried out it in two diverse web browsers and both present the identical final res…

  5. dildo commented on Aug 23

    dildo

    […]that could be the end of this write-up. Right here you’ll locate some web sites that we assume you will appreciate, just click the links over[…]

  6. little wonder blowers commented on Aug 23

    little wonder blowers

    […]The data mentioned in the post are a few of the most effective available […]

  7. Travis Scott Type Instrumental commented on Aug 24

    Travis Scott Type Instrumental

    […]Here is a great Blog You might Locate Exciting that we Encourage You[…]

  9. بهترین مارک دوربین مدار بسته commented on Aug 25

    بهترین مارک دوربی&#x06x0641;ی

    Hi just needed to give you a brief heads up and allow you know a handful of of the images aren’t loading correctly. I’m not sure why but I feel its a linking problem. I have attempted it in two distinct world wide web browsers and equally show the very…

  10. resell rights ebooks commented on Aug 26

    resell rights ebooks

    […]usually posts some quite fascinating stuff like this. If you’re new to this site[…]

  11. Peristaltic Pump commented on Aug 26

    Peristaltic Pump

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless genuinely really worth taking a search, whoa did one particular discover about Mid East has got far more problerms also […]

  12. military manuals commented on Aug 26

    military manuals

    […]Sites of interest we have a link to[…]

  13. آموزش نصب دوربین های مدار بسته commented on Aug 27

    آموزش نصب دوربین ه&#x0x0641;ی

    Hey! I know this is considerably off topic but I was asking yourself which weblog system are you employing for this web site? I’m getting sick and drained of WordPress since I’ve experienced difficulties with hackers and I’m searching at options for an…

  14. Remote Control Vibrator commented on Aug 27

    Remote Control Vibrator

    […]The details talked about inside the write-up are several of the top obtainable […]

  15. #photo posted on Aug 27

    #photo

    […]just beneath, are numerous entirely not related internet sites to ours, even so, they may be surely worth going over[…]

HowIInvestMyMoney