18
Jan

Gold: Everyone’s An Expert

  • The Trump presidency and the markets.
  • The debt problem.
  • Gold: Where are we now?

I try not to use every reason in the book to buy gold like those who call for a dollar crash every year or claiming the inclusion of China into the SDRs will be the death of the dollar.

My 31-year career has been about enlightening myself, and with my own hard work, believe I have a good grasp on the economy and markets, and with this expertise, I am simply helping others, which is why I write books.

Learning how to profit doesn’t come without taking a few punches. An article you read somewhere that tells you an opinion has to be weighed with many other opinions, and then you yourself have to judge that information and pull the trigger on a trade or investment. One could toss a coin and do better than the “professionals,” meaning the mutual fund and hedge fund managers who can’t even beat the markets. This is why many investors would be better off with an index fund. But buying index funds that move with the market have no downside protection either as revealed during the last market crash when they got hit hard too.

I have seen an enormous amount of gold articles come through the last month as now everyone thinks they are an expert in calling gold higher, and will point back and tell you they “were right.” Since I started my Illusions of Wealth trading service… Read more at Seeking Alpha.

 

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About Doug Eberhardt

Doug Eberhardt is a 28 year financial services veteran and precious metals broker selling gold and silver at 1% over wholesale cost. Doug has written a book to help investors understand how gold and silver fit into a diversified portfolio, how to buy gold and silver, and what metals to buy. The book; “Buy Gold and Silver Safely” is available by clicking here Contact phone number for Buy Gold and Silver Safely is 888-604-6534

Disclosure:

Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with capital you can’t afford to lose. This is neither a solicitation nor an offer to Purchase/Sell futures or options. No representation is being made that any account will or is likely to achieve gains or losses similar to those discussed in this outlook. The past track record of any trading system or methodology is not necessarily indicative of future results.

All trades, patterns, charts, systems, etc. discussed in this outlook and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author.