TULVING….ATTEMPTED TO DEFRAUD ME OUT OF OVER

ONE HUNDRED THOUSAND DOLLARS MANY YEARS AGO.

HA…that guy who took over from his father…..IS A LYING CHEATING CROOK

Lots of great dividend stocks sub 10 PE.

Wow. That is a very depressing commentary. I don’t think Oleary has any idea what a dollar a day incomes look like for the poorest couple billion but I can tell you it is really, really bad. Some of the restaurants over here that are popular with the wealthy and foreigners sell plastic bags of uneaten food out the backdoors to the destitute. They basically just scrape off whatever remains on the dishes after a meal and put it all in a barrel and then bag it up for resale later. All mixed together. You would not feed it to your dog. Kevins comments verge on bizzarre.

I liked Olearys thinking of mining companies but that comment was utter arrogance and moronic. imo
I think he just got his name on the list for when the guillotines comes out.

“Celebratory” is a horrible way to answer that question.

Thanks Birdman;

It was that sentence from Christian Bob that reminded me of the O’Leary clip. Now I know that O’Leary says the things he does just to get attention and to get sweet-young-thang riled up .. but I still never could stand the guy anyway.

I completely agree with you Bird !

Got to keep playing HH. I agree with you that there will be trouble down the road. We cannot avoid a collision with reality eventually. Both Doc and Rick alluded to a recent article by Lacy Hunt discussing the money multiplier and velocity and how those will have inevitable repercussions. It is a good article that also touches on savings and long term interest rates and puts some perspective on the big picture. You should read it if you are worried. It will help you have a few extra sleepless nights.

Lately you might also have heard me say I am feeling a little more optimistic on the economy. I guess those comments need to be kept in perspective because they relate only to the current year. The larger theme is enough to give any of us who are watching a bad case of indigestion and ulcers though.

A shit storm is brewing. Worry is legitimate in such cases and caution needs to be exercised when investing. We really cannot afford to squander what time we have to get our financial houses in order before the chickens come home to roost.

While I believe precious metals may well prove to be a good choice in protecting our nest eggs I certainly would not go all-in. We must also remember to eliminate debts, start accumulating cash and make strategic reductions in expenses or reallocate for a better outcome.

I guess that just means being diversified and it is one of Al’s themes here on the show that I appreciate most. Fact is that none of know how the future will play out nor how authorities may respond if another financial crisis were to erupt. If you follow Bob Prechter for example you will know he actually advises against gold ownership as it too will fall steeply during the initial stages of a deflation spiral.

Perhaps this is what makes investing so fascinating. We have a lot of terrific minds all working on the same problems and yet coming to dramatically different conclusions. But who to believe and who to follow? I like the technical guys personally because they mostly do a good job of remaining aloof from the emotional aspects of the discussions and just stick to the facts they are analyzing.

In the coming months and years I anticipate we will see tremendous upheaval around the globe. Early signs are already being manifest. The issue of income inequality will certainly be amongst the problems that the world will be addressing and this is perhaps at the core of problems now developing. There are serious inequities even in developed countries. Some see this as a result of corruption and political nepotism but I tend to think it is more a function of organically grown trends that began developing when times were much rosier and so our defenses were down.

One of the reasons I often mention Africa on this forum is because it is so positive here. There is a genuine sense of optimism that does not convey easily on the written page. People are poor but they feel hopeful and it is perhaps a sign of the youthfulness of this part of the world. The bullishness amongst the investment class and elite is in startling contrast to the mood back home. You cannot go to a coffee shop, turn on the TV or read a paper without picking up on the vibes. It is like they have the world by the tail and everyone knows it. No crying about being poor either. The attitude is that problems can be surmounted. Everyone wants a better life.

Anyway, I do share some of your optimism for gold and silver but a little voice in the back of my head keeps warning me to keep some balance in dividing up the dollars between the choices on offer. Between a home, savings for retirement, autos and other assets, stocks, bonds and what have you it is just more prudent to divvy up the pie and not get too enthralled by one single thing.

My own philosophy is to keep PM’s to 10 or 15% maximum. That is insurance. It is also dead money while you store it. But then again the house is not a great investment in some respects because just like a boat it costs money to keep it floating through the year!

I agree because it could end very badly!

Agree about the confidence.The confidence in question now is the earnings from emerging markets. We are starting to see cracks ie. usd/jpn yen. Also money going into domestic utilities.