hahah... even mainstream media is talking about massive world debt and the potential for 'big problems' and this guy says to increase risk.. ok no worries. When all our money disappears, we'll be chasing you hehe
Talking his book I reckon. He's probably just read that everyone with any sense is moving into tangible assets and wants to close his positions in profit by offloading them onto any sucker out there. More risk? The lunatics in the asylum are about to go nuts on Syria and Iran, the Euro is in danger of a meltdown, the US can't print enough currency and Australia is frozen like a rabbit caught in the headlights of a global out of control road-train. He doesn't see any problems . . . through his medicated stupour! :lol:
"Be 100 per cent in equities" ha ha, pull the other one ps. I hold stocks, but it's money I'm prepared to lose and low percent of my overall worth. No way I'd go balls deep :|
If you go with this approach you have recognized that the stock market is nothing more than a big casino. Having said that your odds of at least getting some of the money your willing to lose back or more are better than buying a tattslotto ticket. Kind Regards non recourse
how come people are prepared to lose money on stocks but will not pay a premium for a tangible assett?
Any self respecting economist would tell you "because it can't be real", this is after he trips while walking & chewing gum and has his nose embedded in the dirt of the said non existant tangible asset :lol: Kind Regards non recourse
The premium crystalises the loses? But srsly, the money I put into bullion is also money I'm prepared to lose. I don't put all my eggs in one basket.
I'm not saying I'm indifferent to losing... Ya never know when a bank run could occur or PMs crash, RE pops, stock market burns, currency devalues, etc.. So ya gotta be prepared to weather the storm. That's what I mean by being prepared to lose [certain things]. *dangerous combination, chess and cons*
I doubt anyone advising being in anything 100% - they either know far more than most (unlikely) or have an agenda/vested interest.
Well of course you'd say that They don't call you Contrarian for nothing Srsly though, it's hard not to think "vested interests" in this case.
The tooth fairy, Easter bunny, Santa claus and 8 out of 10 unicorns agree with this idea. - meanwhile, back on planet earth .......
Once Laurence gets every half-witted street buffoon fully invested in the market, driving it up, then he can start selling. So too Max Keiser wants every man & woman in the world to buy silver, so we can start selling.
i would say equities would be a good move this year. maybe not next year and definitely not all in though.