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Buying gold is like buying an insurance
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Buying gold is like buying an insurance# Stock
J*s
1
......
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f*g
2
A good time to load AUY?
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J*s
3
When I buy goods, the sellers always try to sell me long-term warranty. But
I know what they want to sell is never what I should buy. Insurance usually
has the worst risk/reward ratio for the buyers.
For stock investors, diversification can eliminate the need for insurance.
SELL GOLD.
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s*8
4
Gold can be a bubble. People have earned way too much from it. Not so sure yet in the short term or long term. For a specfic stock, it is hard to tell bad or good. AIG is horrible, but we do have lots of chances. The Amreican stock idol Buffet says he holds some stocks "forever". He lost 22B in 2008. But I am not sure how much he earns in 2009.
http://www.marketfolly.com/2009/12/gold-anti-goldilocks-thoughts-from.html
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