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Message: Investment Advisor Sentiment on Gold/Silver - Contrarian Signal

Investment Advisor Sentiment on Gold/Silver - Contrarian Signal

posted on Oct 01, 2008 08:25AM

I received the most bullish comment today on silver and gold that I have received in a long time when my "investment advisor" from my brokerage house called me.

He asked me why I had $$ in gold and silver equities since he believed that they will not be good investments going forward and have not been historically if you take out the last 2 years.

I asked him what he recommended and he said that the stock market was on sale as was the bond market and I should be fully vested in some mix of that with traditional investments. I told him that I was glad I had not invested in those markets broadly because most of those companies are down and will see much more pain yet to come.

Convinced me further that most financial advisors are clueless and if you want a sure fire way to lose your $$, listen to them. No doubt he will be recommending gold and silver and the equites at their highs.



SilverNut

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