…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. خرید vpn commented on Feb 02

    وی پی ن آیفون

    we arrived across a cool world wide web web site which you could enjoy. Consider a appear when you want

  2. رفع ارور 1009 commented on Feb 02

    رفع ارور 1009

    If you are likely for most exceptional contents like myself, just go to see this website everyday since it gives function contents, thanks

  3. رفع ارور 1009 commented on Feb 03

    رفع ارور 1009

    Great story, reckoned we could merge numerous unrelated info, however actually actually value taking a look for, whoa did one specific learn about Mid East has got a good deal much more problerms also

  4. کولر آبی بزرگ commented on Feb 03

    خرید کولر صنعتی

    Hey there, I consider your site might be possessing browser compatibility issues. When I look at your web site in Safari, it seems wonderful but when opening in Net Explorer, it has some overlapping. I just wished to give you a fast heads up! Other the…

  5. Andrew Wright Attorney Maine commented on Feb 03

    Andrew Wright Attorney Maine

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

  6. خرید vpn پرسرعت برای کامپیوتر commented on Feb 03

    وی پی ن آیفون

    Thank you for some other great post. In which else may possibly just anyone get that sort of info in this sort of an excellent signifies of creating? I have a presentation next week, and I am on the search for these kinds of data.

  7. خرید vpn commented on Feb 03

    وی پی ن آیفون

    Howdy just wanted to give you a brief heads up and permit you know a few of the photographs are not loading properly. I’m not positive why but I consider its a linking situation. I have attempted it in two diverse internet browsers and both present the…

  8. گوگل adwords commented on Feb 03

    تبلیغات در صفحه اول گوگل

    underneath you will occur across the link to some world wide web-sites that we consider it is ideal to pay a visit to

  9. وی پی ان ایفون commented on Feb 03

    رفع ارور 1009

    Very good way of describing, and fastidious report to get information regarding my presentation matter subject, which i am going to express in university.

  10. web design mauritius commented on Feb 04

    web design mauritius

    […]Wonderful story, reckoned we could combine a few unrelated data, nevertheless seriously worth taking a look, whoa did 1 master about Mid East has got far more problerms too […]

  11. vpn commented on Feb 04

    رفع ارور 1009

    With respect to ergonomics and the sophisticated technilogy Heuer replica watches have been the fantastic samples of athletics watches.

  12. بهترین کولر صنعتی commented on Feb 04

    خرید کولر صنعتی

    Hi would you head stating which weblog system you’re operating with? I’m preparing to begin my own site soon but I’m obtaining a hard time selecting in between BlogEngine/Wordpress/B2evolution and Drupal. The cause I request is simply because your layo…

  13. گوگل adwords commented on Feb 04

    تبلیغات در صفحه اول گوگل

    Greetings from Colorado! I’m bored to demise at work so I determined to look through your web site on my iphone throughout lunch split. I actually like the details you offer right here and simply cannot wait around to consider a search when I get prope…

  14. وی پی ان ایفون commented on Feb 05

    رفع ارور 1009

    Really when a person doesn’t be mindful of afterward its up to other viewers that they will support, so listed here it happens.

  15. گوگل adwords commented on Feb 05

    تبلیغات در صفحه اول گوگل

    Just beneath, are a great deal of totally not connected internet internet sites to ours, even so, they could be surely truly value likely more than.

HowIInvestMyMoney