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re: "40-year veteran of Wall Street with a knack for market timing calls a bottom in stocks"

Posted on 12/13/18 at 1:33 pm to
Posted by Thib-a-doe Tiger
Member since Nov 2012
35460 posts
Posted on 12/13/18 at 1:33 pm to
This dude 100% is a gold broker
Posted by LSURussian
Member since Feb 2005
126966 posts
Posted on 12/13/18 at 2:21 pm to
quote:

This dude 100% is a gold broker
That's certainly possible. I initially thought he must be about 80 years old but I see he says in a thread on the O-T Lounge Board that he's 43 years old.

IMO, that's kind of young to be a full blown gold bug.

We've had several other posters like him who really enjoyed the 2008/2009 stock crash during the Great Recession. They laughed at us stock investors and repeated their mantra to only buy gold and silver for investments.

One of those posters went by the screen name "Rivers." I'm sure other long-time posters on the Money Talk Board will remember him.

He claimed one day at the height of the fear factor in the market when the price of gold went up substantially that day that his gold stash increased in value $X amount, a rather big figure. I did a quick calculation and it meant he would have to have owned about 5 TONS of gold for his stash to have increased in value as much as he claimed. I asked him about that but he never replied to my question.

In one thread Rivers mentioned he was 83 years old at the time.

So anytime a gold bug starts posting I erroneously assume they are, as Rush Limbaugh refers to them, a seasoned citizen.
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