Actually this is prudent financial advice. I believe that the worst case scenario is possible/probable. Having said that, history is replete with crisis' that people felt the world, would never recover from. I have been buying gold/silver for the last 3 years and working to make it 20% of my portfolio. worse case happens, then I'll have enough wealth to live through the bad times. If we get sound leadership and fiscal policy then 20%PM,s 30%Equity, 10% reit 10%cash and 30% Bonds will work
A friend pointed out that Clark's advice is perhaps not as awful as I portrayed. For most average folks perhaps G&S could be a 10% position. At least then once the inflation hits they'd have 10% of their wealth. I also get the feeling that Clark Howard has tons of people calling looking for reassurance that Gold is a bad buy. Pieces like this are what I show people who think that there is a bubble/mania in G&S. Is this what pundits said about housing in 2006? I don't think so.
Clark couldn't carry Kyle Bass's portfolio, literally. He's beyond the Gold thing using them for door stops, etc. Went and bought a million dollars worth of nickels. Pallets of them.
Clark Howard is good for deals and savings when buying things with dollars. Clark does not have the basic understanding of free market economics. Any other advice should be avoided from Clark. Gold is not in a bubble. It is going up because the dollar is going down along with most other fiat currency. Gold is real money. What one should do is listen to the Austrian economists/ free market financial experts and buy gold. Then convert gold to dollars upon spending and listen to clark for the deals
So the price of gold over 5 years has gone up over $1,000.00 per ounce thats about a 100% increase so you would have doubled your money in 5 years terrible investment
@ riciv "On a side note. My friend ran into Clark Howard at the quick trip the other day and said he looked sickly and cracked out... lol... Just saying. Probably because his investments are tanking." That's a bit harsh! Clark Howard gives some fantastic investment advice for those who take the slow and steady, long term approach. You might not agree with him, but he's very respected overall. I would challenge you to find any good solid information out there about him that is bad.
I just buy silver every payday, not alot, but some. Gold I won't buy. Silver is your best bet, because its geting used up in industry, and silver is more rare than gold, and is getting rarer every year. Silver may be a VERY rare metal in 20 years...very rare. Its dirt cheap right now at only $41.50 an ounce.
Oops, I got the URL wrong. The website that provides that can boost your eranings fast is called GoldStratz. Check it out, everything's been done for you.
@adrianwillis360 It's your money, if you want to buy when it's high, hoping it goes higher, knock yourself out. And if you think it's wise to bail out when it drops- again, it's your money; so if "Buy high, Sell low" suits your long term plan, go for it.
Investing 101: Buy when it's low, sell when it's high. Right now, it's high.
$3000 gold by next year the Elite said so....
Gold and Silver should be at least 40% of your investments.
Actually this is prudent financial advice. I believe that the worst case scenario is possible/probable. Having said that, history is replete with crisis' that people felt the world, would never recover from. I have been buying gold/silver for the last 3 years and working to make it 20% of my portfolio. worse case happens, then I'll have enough wealth to live through the bad times. If we get sound leadership and fiscal policy then 20%PM,s 30%Equity, 10% reit 10%cash and 30% Bonds will work
A friend pointed out that Clark's advice is perhaps not as awful as I portrayed. For most average folks perhaps G&S could be a 10% position. At least then once the inflation hits they'd have 10% of their wealth. I also get the feeling that Clark Howard has tons of people calling looking for reassurance that Gold is a bad buy. Pieces like this are what I show people who think that there is a bubble/mania in G&S. Is this what pundits said about housing in 2006? I don't think so.
What can "burn you" is the $, when it collapses. PM's are the real money, get it while it is CHEAP.
Clark couldn't carry Kyle Bass's portfolio, literally. He's beyond the Gold thing using them for door stops, etc. Went and bought a million dollars worth of nickels. Pallets of them.
2 years later....... looks like he was right.
Clark Howard is good for deals and savings when buying things with dollars. Clark does not have the basic understanding of free market economics. Any other advice should be avoided from Clark. Gold is not in a bubble. It is going up because the dollar is going down along with most other fiat currency. Gold is real money. What one should do is listen to the Austrian economists/ free market financial experts and buy gold. Then convert gold to dollars upon spending and listen to clark for the deals
So the price of gold over 5 years has gone up over $1,000.00 per ounce thats about a 100% increase so you would have doubled your money in 5 years terrible investment
@ riciv "On a side note. My friend ran into Clark Howard at the quick trip the other day and said he looked sickly and cracked out... lol... Just saying. Probably because his investments are tanking."
That's a bit harsh! Clark Howard gives some fantastic investment advice for those who take the slow and steady, long term approach. You might not agree with him, but he's very respected overall. I would challenge you to find any good solid information out there about him that is bad.
I just buy silver every payday, not alot, but some. Gold I won't buy. Silver is your best bet, because its geting used up in industry, and silver is more rare than gold, and is getting rarer every year. Silver may be a VERY rare metal in 20 years...very rare. Its dirt cheap right now at only $41.50 an ounce.
Clark you'll be shinying my shoes in a few years time when silver and gold go through the roof..
Clark didn't say what you said he said.
Oops, I got the URL wrong. The website that provides that can boost your eranings fast is called GoldStratz. Check it out, everything's been done for you.
you can see the bar number is 6 666
@adrianwillis360 It's your money, if you want to buy when it's high, hoping it goes higher, knock yourself out. And if you think it's wise to bail out when it drops- again, it's your money; so if "Buy high, Sell low" suits your long term plan, go for it.
Great advice, except he's doesn't know what decade he is in....
So you see him once then trash him? Educate yourself before you speak.