the end of the Gold Rush?
Yes, I know: whenever anyone gives a thumbs-down on gold, the gold bugs pile on.
Well, bring it on.
In support of my case, I cite:
Joseph P. Kennedy, Sr. “...a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good...”
Next, I quote a news-wire story:
“Major online retailer eBay (EBAY) has recently launched a popular venue where individuals can buy gold bullion and coins.”
Mere coincidence? Perhaps. Nevertheless, check out my stock portfolio: I just gave a red thumbs down on every bullion stock I could find (I have had an underperform on IAU and GLD for a while). If there is one I missed (no, I am not referring to gold miners, just bullion), let me know.