Charles Biderman-What Else is There Besides Gold?

August 10, 2012 By 6 Comments

Well, there’s silver of course, but outside of gold and silver, we agree with Biderman that there really is nowhere else to park your assets that provide both safety and the potential for ROI.
What else is there? European bonds?  US Treasuries at 1.4%?  Apple?
Gold and silver are they only options left.
Or in Biderman’s words: ‘If Europe, the U.S and Japan are all printing money to pay bills, what else is there besides gold?‘


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Comments

  1. Avatar of ricin3000 ricin3000 says:
    August 11, 2012 at 10:03 PM

    There’s plenty of stuff besides gold and silver. Cigarettes, liquor, diamonds, baseball cards, … wheat, corn, oil, bread. But not all of them are easy to keep and carry if needed :=)
     
    Best,
     
    R3K

  2. Avatar of Ed_B Ed_B says:
    August 11, 2012 at 11:06 PM

    While I appreciate PMs as much as anyone, there ARE other places where money can be invested and a decent return collected.  Big cap dividend paying stocks, utilities, REITs, medical equipment makers, and biotech companies all offer good returns.  Much as I like gold and silver, I would not put all of my investment cash in them… or any other single investment, for that matter.  They do have a solid place in just about anyone’s portfolio, though.

  3. Avatar of AGXIIK AGXIIK says:
    August 12, 2012 at 12:57 AM

    I tend more to the Ann Barnhardt school of thought.  The idea that all brokerages and various forms of banks have no rule of law preventing them from using your money to their own ends, with little chance of being called out legally to pay for their crimes, your money is not safe.  If Corzine and GS can’t be touched and are allowed to continue their predations, the average investor in the markets is subject to the capriciousness of each individual company, their culture of theft and the opportunities to extract the maximum from their clients. 
    I will reiterate that Fidelity CASH MMA made $240,000,000 income from their short holdings in the worst of the breed bank paper.  Their return was about .47%.  Most of these banks are on the razor’s edge of leverage and could fail at any time, assuring 100% loss to the short term paper.  Fidelity kept 96% of the income and distributed $15,000,000 or .04% of the income to the sheeple investors.  That not only is a completely losing venture for the investor, received a total of .01% on their funds but the bankster kept 25 times as much for their trouble. If you held $100,000 in this MMA you would get 410 after one year. 
     While this is not a negative return it is one RCH from that.   If these returns are commonplace and still not enough for the Fidelity brokerages of the world, then the next step is an outright theft of your money.   The European bonds pay negative yields of up to .5% which is nothing more or less than the theft of shareholders funds.  All the  paper left in the market is at 100% risk.   IMO the stock prices are not sustainable given the entire world GDP is in contraction.  This will implode stock values by probably as much as we saw in 2008-2009, about 50% from top to bottom. 

  4. Avatar of silver psycho silver psycho says:
    August 12, 2012 at 1:46 AM

    Silver Juniors are your best second bet.  However a market crash will also send these stocks to the bottom of the ocean (for a brief period) .  My tip is to only bet on Juniors with millions of ounces in the ground, dollars in the bank, and no debts and buy on the day of the market crash… Yes the crash its coming.  Although the stock marker is rising, there is no volume, only manipulations.  Low volume = no confidence, high prices = manipulations.

  5. Avatar of silver psycho silver psycho says:
    August 12, 2012 at 1:47 AM

    Oh I did forget to add, your first bet of course, is physical ownership of Gold and Silver.

  6. Avatar of AGXIIK AGXIIK says:
    August 12, 2012 at 10:29 AM

    SP  I agree with you on investments in the marketplace.  There will need to be a serious reboot of the system, with transparency and honesty replacing the criminality  and theft we see now.  Then the retail investor can return to the market.  Physical metals will have their day in the sun and  that might last several decades if gold and silver are brought into their own as a means to back a currency. Until the present day gang of thieves is run out of town, the market is not safe nor is our money.  For the time being my sense is that holding phyzz is the best course particularly if a person is older and can’t afford another major hit due to the equity market volatility. In other words, I can’t afford another wild ride like 2001 and 2008.

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