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I do not care, I want gold

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27

August 13, 2010 – Comments (23) | RELATED TICKERS: EYE , LUV , GOLD

Otto at Inca Kola News found this little gem. It is awesome that it is an obvious "beating up the straw man" example. It pokes some serious fun at the "gold bug" mentality. Or more specifically it points out how a gold non-bug (?) views a gold bug's position. I have outlined my thoughts on gold here: binve's Gold Foil Hat Zone: More Thoughts on Gold's Massive Bull Market - http://caps.fool.com/Blogs/binves-gold-foil-hat-zone/403421 and here: Why I hold Gold: Why I am a Long Term Optimist and consider holding gold and Optimistic Endeavor, and Why I think the Stagflationary Scenario is more likely Macroeconomically in the Intermediate term (next several years) - http://caps.fool.com/Blogs/why-i-hold-gold-why-i-am-a/402614.

At any rate, this was quite humorous. Because the level of discourse in discussing gold is pretty much at this level a lot of times. Several of us on Caps try to elevate it, and give honest objective analysis on it, but let's face it, gold is a very emotional topic. And people who think gold is stupid / a barbarous relic quite often reduce the gold investor's position to that of a "gold bug" and assume that all gold investors think like this poor chap on the right.

So for all gold-haters and gold-bug-haters, enjoy the video. And for all gold investors and "gold bugs" just enjoy the one-dimensionalizing of your position.

(from http://incakolanews.blogspot.com/2010/08/i-love-gold.html)

.... (if the video does not show up, you can find it at the above link or here: http://www.xtranormal.com/watch/6916109)

23 Comments – Post Your Own

#1) On August 13, 2010 at 1:34 PM, Valyooo (99.60) wrote:

that video seriously owns hahahahaha

worst arguments of all time

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#2) On August 13, 2010 at 2:11 PM, binve (< 20) wrote:

ValyooRLholdings ,

:)..

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#3) On August 13, 2010 at 2:52 PM, 100ozRound (29.66) wrote:

I heart shiny things!

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#4) On August 13, 2010 at 2:57 PM, binve (< 20) wrote:

100ozRound ,

Me too, it distracts me from ... what were we talking about? :)..

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#5) On August 13, 2010 at 3:38 PM, 100ozRound (29.66) wrote:

Ummm.....?

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#6) On August 13, 2010 at 3:57 PM, DarthMaul09 (29.87) wrote:

I would propose in honor of TMFSinchiruna, binve, and all the other supporters of real money a new lucky charm:  A gold-tin hat for Fools who score more than 200 point on long positions on PM stocks and ETFs.  Maybe the point total should be raised to 500 since 200 might be too easy to reach.

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#7) On August 13, 2010 at 4:32 PM, outoffocus (23.71) wrote:

  DarthMaul09

Wow. I would have that with just 2 of my picks. I'm sure Binve and Sinch would have it in 1.

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#8) On August 13, 2010 at 5:07 PM, DarthMaul09 (29.87) wrote:

outoffocus

 TMFSinchiruna scored 269 on just EGO alone.  I didn't check how many point he make on SLW, but those two would probably put him over 500.  But for us mere mortals making 500 points on any sector isn't easy.  Of course you would have to subtract off the points lost on green thumb bets that went negative. 

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#9) On August 13, 2010 at 5:17 PM, binve (< 20) wrote:

DarthMaul09 ,

LOL! That's awesome man, thanks for the thoughts!!

outoffocus ,

For binve: I have 290 points

For binv271828: I have 750 points (300 of them in IAG).

:)..

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#10) On August 13, 2010 at 5:28 PM, 100ozRound (29.66) wrote:

DarthMaul09- are you talking about open picks only?  If you're talking open picks only, I have 1,508.78.  I'd have more if you include closed picks....

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#11) On August 13, 2010 at 7:47 PM, XMFSinchiruna (27.55) wrote:

Yeah, 100ozRound has me beat by a mile on some of those picks. My TMFSinchiruna profile is a victim of having been too early. :) My SLW pick from 11/2006, for example, is only up 90 points.Hell ... my AUY pick from 2006 is in the red (part of the reason why I can be so enormously confident in its incredible value at today's prices).

Now, my silverminer portfolio, which I created near the lows in November 2008, is a different story. That's the account I pay attention toat this point ... TMFSinchiruna having been badly damaged by 2008 picks that strayed from my initial area of focus. My SLW pick at silverminer stands above 500 points, but that's still a long way from 100ozRound's best picks. I have played silverminer very conservatively, since I am playing more for accuracy than points.

binve

Thanks for yet another excellent post!

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#12) On August 13, 2010 at 8:09 PM, 100ozRound (29.66) wrote:

TMFSinchiruna

Much to your credit, you were <20 when I found this site back in late '08.  You have since bounced to over 98 simply by holding firm to your convictions.  My score is/was a combination of timing and "standing on the shoulders of a giant" as the saying goes.  

I jumped in the water and then learned how to swim, so to speak; and damn near everything I learned about this subject was either directly or indirectly from Christopher Barker.

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#13) On August 13, 2010 at 8:15 PM, XMFSinchiruna (27.55) wrote:

100ozRound

Statements like that make the excessive hours and the sore muscles all seem worthwhile. Thank you for the kind words! 

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#14) On August 13, 2010 at 8:22 PM, 100ozRound (29.66) wrote:

De nada amigo and thank you!

Keep fighting the good fight.

 

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#15) On August 13, 2010 at 8:40 PM, Starfirenv (< 20) wrote:

Thanks B-Man. Pretty entertaining. I've seen that site (Cato?). You can build a cartoon from text. With very little effort, one could find plenty of material here on TMF. Think AGW vs Nayers, our favorite Austrian School guy vs our fav Keynes guy, or Rob Uh vs the hothead gold bug [just kidding, don't get mad].Maybe some "Bentonomics"! Usual +1.

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#16) On August 13, 2010 at 9:12 PM, binve (< 20) wrote:

100ozRound,

You are defnitely the man!

TMFSinchiruna ,

You are definitely the man too!, errr.. the bigger man! ... uhh, the man-er!?? .... How about, you just rock Chris :)

Starfirenv ,

Thanks man :) Yeah, that was the first time I has seen the site before but I checked it out, could be a breeding ground for some very good material :)

>>or Rob Uh vs the hothead gold bug [just kidding, don't get mad].

LOL! Nice :) Thanks!..

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#17) On August 13, 2010 at 9:12 PM, Starfirenv (< 20) wrote:

Or Donner and Chicken Little. Or Al bagging on the "spelling sissies". Or Madoffs Mauraders ranting about 7th place or Red Zone's whine after whooping everybody in a 5 way tie being awarded 5th place and out of "the hunt" (You TMF FFLers know it's true).

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#18) On August 13, 2010 at 9:50 PM, DarthMaul09 (29.87) wrote:

 100ozRound,

Maybe set the bar at 500 points (open picks) minus closed picks that lost, just to make it a little more difficult. 

Since the canon of gold investing is that the gold bull market does not appear to be ending anytime soon, most golden domers (not to be mistaken for Notre Dame fans) would likely be willing to hold their gold picks open for longer periods of time anyway.

A second way to qualify could be 1000 points both open and closed picks to allow more rapid gold traders, who have been successful at trading the gold market, to qualify for the charm.

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#19) On August 13, 2010 at 9:52 PM, 100ozRound (29.66) wrote:

binve

Haha - thanks man!  I'm learning a lot from you as well.  I'm learning to read your charts but they are sometimes a bit over my head. Got any suggestions on charting books?

Starfirenv

How about whereisdavidnow vs. Jakila or Betapeg or King Devo?

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#20) On August 13, 2010 at 9:52 PM, 100ozRound (29.66) wrote:

binve

Haha - thanks man!  I'm learning a lot from you as well.  I'm learning to read your charts but they are sometimes a bit over my head. Got any suggestions on charting books?

Starfirenv

How about whereisdavidnow vs. Jakila or Betapeg or King Devo?

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#21) On August 13, 2010 at 9:59 PM, 100ozRound (29.66) wrote:

DarthMaul09

both sound like good ways to treat it.

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#22) On August 13, 2010 at 10:15 PM, Starfirenv (< 20) wrote:

100 0z- ROTF. Endless fun. Kamranat vs me! Some of the funniest stuff ever. I miss him as much as he misses "the old Vegas". Priceless. It's Happy Hour out West, Let me drink, I mean think on it. Have a great wkend all- TGIF.

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#23) On August 14, 2010 at 1:21 PM, binve (< 20) wrote:

100ozRound,

>>thanks man!  I'm learning a lot from you as well.  I'm learning to read your charts but they are sometimes a bit over my head. Got any suggestions on charting books?

Thanks man! Here are the 3 that I most recommend and read with regularity

-- Frost and Prechter's Elliott Wave Principle
-- Robert Balan's Elliot Wave Principle Applied to The Foreign Exchange Markets
-- Farley, The Master Swing Trader

Starfirenv,

>>It's Happy Hour out West, Let me drink, I mean think on it. Have a great wkend all- TGIF.

I often drink deeply on subjects too :) Have a great weekend man!..

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