…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. LED light sources Sanlibang commented on Apr 25

    LED light sources Sanlibang

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

  2. a+ home improvement services commented on Apr 25

    a+ home improvement services

    […]although web-sites we backlink to below are considerably not related to ours, we feel they may be basically really worth a go by, so have a look[…]

  3. sex diary commented on Apr 25

    sex diary

    […]the time to read or stop by the material or web sites we have linked to beneath the[…]

  4. motu and patlu games commented on Apr 26

    motu and patlu games

    […]The info talked about within the write-up are several of the top obtainable […]

  6. jimmy buffet commented on Apr 26

    jimmy buffet

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless genuinely really worth taking a appear, whoa did a single study about Mid East has got much more problerms as well […]

  7. best kona commented on Apr 26

    best kona

    […]very handful of web-sites that come about to be in depth below, from our point of view are undoubtedly very well really worth checking out[…]

  8. buy kona commented on Apr 26

    buy kona

    […]although internet sites we backlink to below are considerably not connected to ours, we really feel they are basically really worth a go via, so possess a look[…]

  9. Cellphone repair commented on Apr 26

    Cellphone repair

    […]here are some links to web-sites that we link to since we feel they are worth visiting[…]

  10. Irrigation system commented on Apr 26

    Irrigation system

    […]very few internet sites that come about to become detailed beneath, from our point of view are undoubtedly nicely worth checking out[…]

  12. home decor survivor 5 commented on Apr 27

    home decor survivor 5

    […]that could be the finish of this post. Here you will come across some web sites that we feel you’ll appreciate, just click the links over[…]

  13. nSpire Network Signup commented on Apr 27

    nSpire Network Signup

    […]below you’ll uncover the link to some websites that we consider you must visit[…]

  14. Gold Filled Beads commented on Apr 27

    Gold Filled Beads

    […]we like to honor quite a few other world wide web internet sites around the web, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  15. home design 8x16 commented on Apr 28

    home design 8×16

    […]one of our guests not long ago suggested the following website[…]

HowIInvestMyMoney