god knows i have my negative qualities, but i've never been one to gloat.
ok--almost never.
hey, we all have our limits--and after five solid years of ridicule and scorn for my "extremist" views, vindication has finally found me.
cast your mind, if you will, back in time to october 20, 2008 [i.e., back when i told y'all to buy gold for the first time]. the chart looked like this:
yeah, $800--and boy, was i ripped to shreds by my sensible, mainstream-media-reading friends for even suggesting such idiocy.
flash-forward to this morning--a scant two years later:
that's right, bitches: we're at $1,420--a mere 78% return over two years. not bad for a falling-down drunk, if i do say so myself.
and although i haven't advertised it [what can i say--at some point even mkf gets tired of pissing in the wind], after a great run with gold, back in mid-august i rolled most of my paper holdings over to the infinitely-more-crazy silver stocks.
why, you ask? because ben bernanke told me to.
and lemme tell ya--in the six days since good ol' ben banged the final nail into our collective national coffin via QE2, my 401(k) [in which i can't trade options] has risen by 20%, while my private trading account [in which i can] has more than doubled.
pyrrhic victory, of course: i win, even as my country goes down the tubes. almost sucks all the fun out of it.
almost.
1 comment:
Gloating seems to be well deserved. I would suggest you invest some of those winnings back into something else, however. Just to be a little more broad-based.
But, you have been right. As an empiricist, the test of anything is whether a prediction turns out to be true.
Post a Comment