{"id":15651,"date":"2015-12-25T09:54:24","date_gmt":"2015-12-25T14:54:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=15651"},"modified":"2015-12-25T09:54:24","modified_gmt":"2015-12-25T14:54:24","slug":"debunking-anti-gold-propaganda","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=15651","title":{"rendered":"Debunking Anti-Gold Propaganda"},"content":{"rendered":"<h3><a href=\"http:\/\/www.internationalman.com\/articles\/debunking-anti-gold-propaganda\" target=\"_blank\">Debunking Anti-Gold Propaganda<\/a><\/h3>\n<p class=\"by-line\"><img decoding=\"async\" src=\"https:\/\/d24g2nq85gnwal.cloudfront.net\/images\/monex_anim_gold_new.jpg\" alt=\"Debunking Anti-Gold Propaganda\" \/><\/p>\n<p class=\"by-line\">A meme is now circulating that gold is the investment equivalent of a pet rock, and that the smart investor should sell gold, and buy stocks. That\u2019s a ridiculous notion. In fact, if you believe in buying low and selling high, this is the time to buy gold, and sell stocks.<\/p>\n<div id=\"article-body\" class=\"margin_top_25\">\n<p>It pays to remain as objective as you can be when analyzing any investment. People have a tendency to fall in love with an asset class, usually because it\u2019s treated them so well. We saw that happen most recently with Internet stocks in the late \u201990s and with houses up to 2007. Investment bubbles are driven primarily by emotion, although there\u2019s always some rationale for the emotion to latch on to. Perversely, when it comes to investing, reason is recruited mainly to provide cover for passion and preconception.<\/p>\n<p>In the same way, people tend to hate certain investments unreasonably, usually at the bottom of a bear market, after they\u2019ve lost a lot of money; even thinking about the asset means reliving the pain and loss. Love-and-hate cycles occur for all investment classes.<\/p>\n<p>But there\u2019s only one investment I can think of that many people either love or hate reflexively, almost without regard to market performance: gold. And, to a lesser degree, silver. It\u2019s strange that these two metals provoke such powerful psychological reactions &#8211; especially among people who dislike them. Nobody has an instinctive hatred of iron, copper, aluminum, or cobalt. The reason, of course, is that the main use of gold has always been as money. And people have strong feelings about money. Let\u2019s spend a moment looking at how gold\u2019s fundamentals fit in with the psychology of the current market.<\/p>\n<h3>&#8230;click on the above link to read the rest of the article&#8230;<\/h3>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Debunking Anti-Gold Propaganda A meme is now circulating that gold is the investment equivalent of a pet rock, and that the smart investor should sell gold, and buy stocks. That\u2019s a ridiculous notion. In fact, if you believe in buying low and selling high, this is the time to buy gold, and sell stocks. It [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[951,6227,374,6228,3286,536,655,753],"class_list":["post-15651","post","type-post","status-publish","format-standard","hentry","category-economics","tag-currency","tag-doug-casey","tag-gold","tag-international-man","tag-investment","tag-money","tag-propaganda","tag-stocks"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15651"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15651\/revisions"}],"predecessor-version":[{"id":15652,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/15651\/revisions\/15652"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}