Los Angeles Times on Precious Metals: “Havens for Survivalists, Conspiracy Theorists and Flakes”
December 15th, 2007Gold foil hat?
Attention: “Survivalists, conspiracy theorists and flakes,” this is my BullionVault affiliate link.
Thank you.
Via: Los Angeles Times:
Fresh interest in gold also has spawned an array of gold-related securities, providing more options for people who want to own the metal without having to take physical possession of it.
Yet professional financial advisors often try to discourage their clients from gold investing in any form. Many say they don’t believe it has a place in a modern portfolio.
In part, gold and other precious metals — platinum and silver — suffer from their long-standing image as havens for survivalists, conspiracy theorists and flakes.
“That’s for the guys we don’t want as clients,” said Michael Glowacki, head of financial planning firm Glowacki Group in West Los Angeles.
Dude by the fitting name of Glowacki (pfffft!) doesn’t want clients interested in gold and precious metals. Give the moron 5 years, at most — he’s toast.
Pookie — survivalist, conspiracy theorist, *and* flake, and damned proud of it.
The American financial industry is largely peopled by an army of idiots much like this fellow Glowacki, who weren’t sharp enough pass the bar but had experience with a calculator, had a natural ability to convince people and could afford a nice suit.
He’s surely got an expensive university education as well, which only goes to reinforce why I feel exactly like Frank Herbert, who compared the system to a cafeteria lunch line in his experience. Can’t express it better than that no matter how hard I try. Is this guy stuck in intellectual reverse? Does he truly understand the word collateral? Has he ever read a history book? He is the personification of the Carnegie-compromised education system so clearly outlined by John Taylor Gatto and his compatriots.
That such a successful All-American numbnuts is actually given column inches in the LA Times, especially spouting such retarded rubbish, drives yet another stake through the heart of supposed editorial review.
But then I know who the publishers and managing editors are beholden to, unlike this moron, who surely thinks he looks really good driving around Newport Beach with his recent cosmetic surgery in Phoenix and a shiny new Porsche convertible.
I dropped about $15,000 on gold and silver back in 2005 – gold at $470, silver around $9. Since then, I’ve “made” a profit of about $10,000.
I’m a happy survivalist kook.
Maybe I should have done the patriotic thing and bought a McMansion in Santa Clarita and a shiny SUV?
dermot, congrats on your tidy profit. Keep on kookin’!