Title: Peter Schiff discusses how to *exit* a gold boom Source:
[None] URL Source:[None] Published:Mar 2, 2012 Author:Ridley , Schiff Post Date:2012-03-02 17:19:46 by RidleyReport Keywords:None Views:781 Comments:5
Dr. Doom was in New Hampshire for the more-or-less annual Liberty Forum. I question some of his historical numbers in an interview but also get his advice on how to get OUT of gold when its prices near peak.
My guy, Andrew Gause, says that when interest rates hit 15% it may be time to start unloading investment gold. But he also advises to always maintain a core position regardless.
I don't have a guy, but that sounds like what my gut's been telling me for years. Core position; take opportunities to convert into real and necessary assets when you can 'take some'.
says that when interest rates hit 15% it may be time to start unloading investment gold.
Rather than look for any particular Dow/Gold benchmark or interest rate, we might use instead public signs. For example, some noted that when taxi drivers were asking patrons about real estate investment advice, and when we all saw all those advertisements on the web where people are dancing around on house roofs for being able to buy a house with a super low interest rate and minimal/no credit check, it was time to get out of the real estate market.
So maybe when the major media starts talking about how great a buy gold is and everyone starts selling it, THEN is probably a peak time to exchange for something else.
Rather than look for any particular Dow/Gold benchmark or interest rate, we might use instead public signs............So maybe when the major media starts talking about how great a buy gold is and everyone starts selling it, THEN is probably a peak time to exchange for something else.
That sounds like a good indicator as well.
When it comes to preserving wealth and the timely liquidation of assets, having multiple triggering mechanisms in place could be the wise strategy.