Wednesday, August 14, 2013

Former Ron Paul Aide, Now A Gold Hater

OMG, Bruce Bartlett has not only sold his soul (to the establishment), it appears he has sold his gold!

He tweeted today:


at 7:31:00 PM

8 comments:

  1. DAKaragiannisAugust 14, 2013 at 9:00 PM

    Ya why doesn't he mention George Soros and David Einhorn swapped their GLD holdings for GDX calls?

    http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/

    ReplyDelete
  2. AnonymousAugust 14, 2013 at 9:14 PM

    He's not a gold hater. He knows gold's run up is over and it's time to get out. Gold down 20% from last year and will be down another 20% this year.

    ReplyDelete
    Replies
    1. AnonymousAugust 14, 2013 at 11:05 PM

      Just don't blame the "unpatriotic gold bugs" when the Treasury, Housing, Stock, and Student Loan markets crashes, OK? We're not stealing from you.

      We just want to be left alone. And we TOLD you it was going to happen, so don't rain down government confiscations down on us when the next crash comes.

      Delete
    2. SteveAugust 14, 2013 at 11:09 PM

      Buy high, sell low. That's Jerry's strategy.

      Yep. He's selling a scarce good with spot prices that will constrain supply for something in high demand because the cost of mining the asset exceeds its "market" price. That's the road to riches! And it's priced relative to a fiat currency whose quantity is being increased by a trillion bucks a year.

      I'd place a wager on your prediction, Jerry, but I'm afraid you won't be able to pay me back.

      Delete
  3. AnonymousAugust 14, 2013 at 9:42 PM

    Bruce Bartlett needs to watch these:

    So Where's the Inflation? Tom Woods Talks to Mark Thornton
    _http://www.youtube.com/watch?v=n0RusrwYsRE

    Gold, the Titanic & Lifeboats - Why it's Important to Own Physical Gold
    _http://www.youtube.com/watch?v=5z5xwb2xCyk

    ReplyDelete
  4. AnonymousAugust 15, 2013 at 7:16 AM

    Hard to imagine Bartlett and others like him can't see these hedgies dumping paper metals, not phyzz. BIG difference

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  5. Ed UcationAugust 15, 2013 at 11:04 AM

    Hey now. I lost a ton of money on gold over the last year, but I am not selling. You don't buy gold to make money over a couple of years. You buy gold to store value over a period of several decades.

    ReplyDelete
  6. GilAugust 16, 2013 at 3:06 AM

    What? The gold price can go down? Who knew? Then again gold is only a store of value if you can sell it for the same price you bought it. If you have to liquidate the gold at a loss then gold wasn't a store of value.

    ReplyDelete

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