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Quiet Guy

Shedlock Discusses Gold

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Investing vs. Speculation

No matter what you do with your money, even holding it, you are taking a chance. The prudent thing is to have a cash cushion of a year's worth of living expenses in case you lose your job. If you don't have a cash cushion and you don't have insurance you are speculating you won't lose your job or you won't get sick.

I believe it's prudent to own some gold, but no more than you can sleep with.

Putting everything you have on gold is neither prudent nor practical, especially for those managing other people's money.

Risk management is crucial, no matter what you do.

In a practical sense then, one can make a case that "a" differentiating factor between investing and speculating is risk management.

http://globaleconomicanalysis.blogspot.com/2010/11/midas-crush-marketwatch-attempts-to.html

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Investing vs. Speculation

No matter what you do with your money, even holding it, you are taking a chance. The prudent thing is to have a cash cushion of a year's worth of living expenses in case you lose your job. If you don't have a cash cushion and you don't have insurance you are speculating you won't lose your job or you won't get sick.

I believe it's prudent to own some gold, but no more than you can sleep with.

Putting everything you have on gold is neither prudent nor practical, especially for those managing other people's money.

Risk management is crucial, no matter what you do.

In a practical sense then, one can make a case that "a" differentiating factor between investing and speculating is risk management.

http://globaleconomicanalysis.blogspot.com/2010/11/midas-crush-marketwatch-attempts-to.html

Nice find. Note to everyone else, you have to scroll to the end of the article for Mish's response. Especially liked the response to Jon Nadler's comments:

http://globaleconomicanalysis.blogspot.com/2009/11/nadler-nonsense-gold-is-not-in-bull.html :lol:

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Putting everything you have on gold is neither prudent nor practical,

Cue silver :)

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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