Having a little
time on my hands lately, I had generously offered my Valuable Mogambo Time
(VMT) to provide a little free economic education to neighbors and the
media. Alas, as it turned out, my sweet disposition again mislead me to
mistake their natural stupidity for mere ignorance and sloth.
In making the
glorious announcement, I even took the time to happily go house to house,
banging on doors and loudly proclaiming the glad tidings that “I’m back, you
morons! Now, get out here! I want to tell you, right to your stupid faces, how
stupid you are! Hup! Hup! Let’s go!”
Naturally, as I
always do, I expected that they would happily fling open their doors, excitedly
begging me to enlighten them as to their various stupidities, such as electing
treacherous monetary and fiscal morons who allowed, and encouraged, an
always-expanding fiat-money supply via the evil Federal Reserve always creating
the wildly excessive dollars and debt…………
But one person who DID come out in response to my
generous offer of a free education in economics was the old lady down the
street who had actually followed my good advice to invest in gold, but who has
lost money the last couple of years as a result, because gold, like all other
markets these days, is now a rigged market in the grasp of a dying and desperate
government and their horrible, heinous henchmen, the evil Federal Reserve.
So there I am,
standing in the street, trying to explain all this to her, and how it is not my
fault, and how nothing is ever my fault, regardless of what my vengeful wife
(“I’ll get you for this, you bastard!) and kids (“We’ll be her alibi!”) say.
Anyway, old lady
Simpson is hitting me in the head with a broom and yelling that I “don’t know
squat” about gold, investing, economics, or anything, and that I am the most
horrible and hateful man she has ever known, like I don’t get enough of that at
home, thanks.
Worse, the
neighbors are all leaning out of their windows, lustily cheering her on (“Hit
him in the groin!”)……
Of course, the real lesson for you is to instantly (if not
sooner!) convert fiat-money wealth into gold and silver, but without attracting
any attention or showing any outward panic. Just act normal. Just an ordinary
day, strolling along, maybe buying a little gold and, you know, picking up some
milk on the way home kind of day.
But people don’t
buy gold, and I can see you are getting pretty bored with it, too.
Oddly enough,
this is good news for those who DO listen and heed this Excellent Mogambo
Advice (EMA) to buy gold and silver bullion! Why? It temporarily keeps
their prices down, sort of buckling under the onslaught of low demand. Hahaha!
Sorry about the
bad joke, but to illustrate how low demand for gold
(in dollars or ounces) can go, as a ratio to the monetary base it has never
been lower in history! Ever! Or never! I mean ever! Wait! Never!
Either way, it’s
good news because if everybody listened to Excellent Mogambo Advice (EMA), the
prices of gold and silver would already be astronomical, and where’s the profit
in that? And that’s the point of the whole investing thing, right?
So remember: The majority of investors being wrong makes
it possible for the minority of investors to be right, over the long term. It’s
an inviolable mathematical imperative.
And as regards gold and silver, the majority is wrong
big-time. Big time. Big, BIG-time!
And when you put it all together, what can you say except
“Whee! This investing stuff is easy!”?
Full text at: The
Majority of Investors Are Wrong - LewRockwell
