"Buying Gold Is Just Buying A Put Against The Idiocy Of The Political Cycle. It's That Simple!" - Monty Pelerin's World : Monty Pelerin's World

From Kyle Bass comes this nugget:

“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”

One Man’s Opinion on Gold I am frequently asked about gold. Should I buy it? Should I sell it? Is it in a bubble? […]
My Rationale For Owning Gold Regular readers know that I favor holding gold when inflation is a perceived threat. […]
How Much Gold Is The Proper Amount? Jeff Clark at Casey Research believes strongly that now is the time for gold and […]
Inflation Is Theft and Fraud Inflation, in a fiat currency world, is inevitable. It is not an economic inevitability […]
Kyle Bass on World Problems A must watch interview with Kyle Bass, one of the really smart analyst/investors. Most […]
A Simple Look at The Problem(s) I receive a lot of emails and recommendations from readers of this site and so-called […]
Why There is No Escape Must Watch Kyle Bass Interview: "I Don't Know How I Can Be Long Stocks" Submitted […]
Gold and The Political Gene Is Gold Over? For those invested in gold and other precious metals, the last several […]
How Currencies Die and Gold Prospers — Part I The Dollar is doomed. So too are most other fiat currencies. It is the nature of fiat […]
Ignore The Barking Dogs Jim Sinclair describes investing today in terms of the dog video below. Contrary to Mr. […]
Bernanke Dutifully (or Ignorantly) Attacks Gold Ben Bernanke spoke out against gold this week. According to Joe Wiesenthal he destroyed […]
Gold vs Paper A reader sent this in. Author unknown: GOLD_If you don't trust GOLD, do you trust the […]

Random Quotes

The founders were not democrats; they foresaw today's pillage politics - and they understood that, unchecked, overbearing majorities would be more malignant than monarchs. All too well did the founders know that, granted a vote, the unpropertied masses would help themselves to the belongings of the propertied. Ilana Mercer
Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps. Ludwig von Mises
The history of government management of money has, except for a few short happy periods, been one of incessant fraud and deception. Friedrich Hayek

Glenn Nelson says:

November 19, 2011 at 9:56 am

It is a seductive defense, though, in this very volatile moment in history. Probably better than the mattress, definitely more reliable than government instruments, and is a necessary fall-back position for a good portion of the portfolio.

Log in to Reply

Monty Pelerin's World