re: #308 born conservative

To you and everyone else who so vehemently opposes what I say, I’m used to being ridiculed. I’ve been buying gold since the late 90s. January of last year I convinced the two guys I work for to meet with the chairman of our bank (which was asked to take TARP funds btw) to discuss their solvency — and, per usual I was met with skepticism, but I’ve since been vindicated on my predictions of a major melt down in the financial markets. At our last board meeting the idea of diversifying into gold bullion was considered. My 401k is intact and I didn’t lose any significant money in the recent stock market downturn. How about the rest of you? Time will determine who is correct on this issue.

You apparently didn’t read most of what I said. I clearly stated, not only now, but often in other threads about this very subject that diversifying your portfolio into gold and other precious metals is a good hedge against inflation. Knowledgable individuals should consider taking these steps. I have myself.

That does not mean it’s a good idea for every last person in the country or on the planet to do so. It’s one of those things that doesn’t work when everyone does it.