…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. سیستم cctv commented on Feb 17

    سیستم حفاظتی

    Many thanks for yet another insightful world wide web website. The place else could I get that type of information composed in such an best strategy?I have a undertaking that I’m just now managing on, and I have been at the look outfor such data.

  2. خرید دوربین مدار بسته commented on Feb 18

    خرید دوربین مدار بسته

    Hey! I know this is relatively off subject matter but I was asking yourself if you realized in which I could get a captcha plugin for my remark sort? I’m using the very same blog system as yours and I’m possessing troubles discovering a single? Thanks…

  3. خرید اپل ایدی commented on Feb 19

    خرید دوربین مدار بسته

    Each after in a even though we opt for blogs that we study. Outlined below are the most present net sites that we choose for

  4. تعمیر صندلی commented on Feb 19

    صندلی

    Check below, are some fully unrelated world wide web-web sites to ours, nonetheless, they’re most reliable sources that we use.

  5. خرید vpn commented on Feb 20

    vpn ایفون

    underneath you will come throughout the website link to some net-internet sites that we think about it is best to visit

  6. drivers hp commented on Feb 20

    drivers hp

    […]Here is a superb Weblog You may Discover Intriguing that we Encourage You[…]

  7. adultbondage commented on Feb 21

    adultbondage

    […]here are some links to web pages that we link to for the reason that we assume they’re really worth visiting[…]

  8. کولر صنعتی commented on Feb 21

    خرید کولر صنعتی

    Wonderful weblog! Is your theme custom made or did you down load it from somewhere? A design like yours with a number of basic adjustements would actually make my weblog stand out. Make sure you permit me know where you obtained your design and style.…

  9. خرید دوربین مدار بسته commented on Feb 21

    خرید دوربین مدار بسته

    the time to review or just take a search at the material or world wide web-sites we have linked to beneath the

  10. adult internal sex toys commented on Feb 21

    adult internal sex toys

    […]very few internet sites that come about to become in depth below, from our point of view are undoubtedly well worth checking out[…]

  11. intense vibrator commented on Feb 22

    intense vibrator

    […]Here are some of the web pages we recommend for our visitors[…]

  12. natural health alternative therapies commented on Feb 23

    natural health alternative therapies

    […]Here is an excellent Blog You might Come across Interesting that we Encourage You[…]

  13. special offers for baby and mom commented on Feb 23

    special offers for baby and mom

    […]although internet sites we backlink to beneath are considerably not related to ours, we feel they are truly worth a go by means of, so possess a look[…]

  14. the importance of professional mortgage consultants commented on Feb 23

    the importance of professional mortgage consultants

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless truly worth taking a appear, whoa did one particular master about Mid East has got more problerms at the same time […]

  15. خرید دوربین مدار بسته commented on Feb 23

    خرید دوربین مدار بسته

    Appreciating the time and effort you place into your website and thorough data you provide. It is excellent to occur across a website each and every after in a even though that isn’t the identical unwelcome rehashed information. Superb read! I’ve saved…

HowIInvestMyMoney