…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. top hotels.hotels commented on Jul 20

    top hotels.hotels

    […]just beneath, are quite a few completely not related web pages to ours, nevertheless, they are certainly worth going over[…]

  2. Dog adventurer commented on Jul 20

    Dog adventurer

    […]Wonderful story, reckoned we could combine several unrelated information, nevertheless actually really worth taking a look, whoa did 1 understand about Mid East has got much more problerms too […]

  3. Network Monitoring commented on Jul 21

    Network Monitoring

    […]just beneath, are many completely not related web sites to ours, however, they may be surely really worth going over[…]

  4. mp3 commented on Jul 22

    mp3

    […]Every the moment in a although we opt for blogs that we study. Listed beneath would be the most current web sites that we choose […]

  7. تبلیغ در گوگل commented on Jul 22

    تبلیغ در گوگل ادوردز

    Hi there colleagues, how is all, and what you would like for to say about this put up, in my see its truly remarkable made for me.

  8. how to do digital marketing ppt commented on Jul 23

    how to do digital marketing ppt

    […]we prefer to honor many other world wide web websites on the net, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  9. jesus commented on Jul 23

    jesus

    […]Here are a few of the sites we advise for our visitors[…]

  10. rottweiler commented on Jul 23

    rottweiler

    […]one of our visitors just lately suggested the following website[…]

  11. www video2mp3 net converter commented on Jul 24

    www video2mp3 net converter

    […]Every the moment inside a whilst we choose blogs that we study. Listed beneath would be the most current web sites that we decide on […]

  12. Dance Lessons posted on Jul 25

    Dance Lessons

    […]we prefer to honor many other world-wide-web sites on the internet, even when they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  13. Slaapkamer inspiratie commented on Jul 25

    Slaapkamer inspiratie

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

  14. avatar chat room commented on Jul 26

    avatar chat room

    […]Here are some of the internet sites we recommend for our visitors[…]

  15. celine commented on Jul 26

    celine

    […]Here are some of the internet sites we advocate for our visitors[…]

HowIInvestMyMoney