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Fool’s gold?

November 11, 2010
Jo Veno

Meanwhile, if I invested in real estate, it would be boasting upside down values compared to the mortgage. I should also never have told my friends about gold and silver. Luckily not one of them followed my advice and now their pensions are enjoying negative-50 percent returns or more on average.

Going forward, I see that gold is way overvalued now. I’m definitely dumping it along with my silver which is up 400 percent and convert to U.S. dollars instead, which is enjoying a nice drop from it’s high of 120 down to 77 on the Dollar Index.

Those millions of newly rich Chinese and Indians buying gold and silver with both hands are all fools like me.

I hope I won’t miss the boat on the next boom in stocks, bonds, real estate and the U.S. dollar.



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