Greed
Human nature, when it comes to investing, swings between greed and fear. I entered the gold business 10 years ago because gold is an investment that appeals to both emotions. These were MY emotions at the time, and still are.
"Is the world going to come to an end tomorrow, with all paper currencies and markets crashing? And if it is, how do I protect myself?" Buy gold.
"What is the next big investment that will make me a killing when the public finally recognizes it and jumps on board, sending prices to the sky?" Gold.
As I read the following quote this morning by Ty Andros, it reminded me just why I love gold so much.
As the commencement of the next leg down in the developed world’s economies continues to unfold like the sunset at the end of the day, the emerging world is HEALTHIER than ever and economic sunrise is still on their horizons. Economic trains traveling in completely different directions. In the emerging world, growth, capitalism, creative destruction and competition are embraced; they know the recipe for an expanding economy which means more food on everyone’s plates.
At no time have the opportunities for investors been greater. Markets will ZOOM higher and lower to price in the new paradigms of accelerated defaults and the central bank printing presses combating the unfolding insolvencies. Buy and hold is dead, so absolute return investments with the potential to thrive in up and down markets are required as a component of any diversified portfolio. Source



