Steadfast Finances

 Advertising, Humor, Investing 101         9 comments

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Leave it to Colbert’s crack team of writers and producers to catch weeks of targeted advertisements and distill them into an easily observable trend. This time, it’s gold coin and bullion distributors (e.g. resellers) advertising on conservative news sources cleverly designed to make more money off the retail investor by …

 Consumer Education, Humor, Public Awareness         25 comments

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This is probably one of the most damning pieces of evidence of American stupidity that I’ve ever seen.
Nixon had Watergate. Clinton had the (white) stained dress. The American public now has this video proving how clueless we are as a nation.
Prepare to have your mind blown!
People sign petition to “increase …

 Administration, Banking, Investing 101, Peer to Peer Lending         5 comments

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When one of the best commodities traders around (Dennis Gartman) tells you that gold is going higher, but also warns that gold bubble has formed, then it’s time to hold on for a wild ride. Which is why I keep saying that traders know it’s a bubble, and that gold …

 Investing 101, Investor Psychology         16 comments

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I’ve been pounding the table pretty hard on investment bubbles lately. Probably because in the last decade, I’ve experienced more popped bubbles than I care to remember.
Or perhaps it’s that I’m constantly amazed by the herding behavior of humans. After all, we’re not that different from the rest of the …

 Commodities, Investing 101, Investor Psychology         35 comments

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This is how seasoned commodity traders view the current gold bubble. Whoops! I mean gold rush.
Experienced traders know very well that the gold market is teeming with multibillion dollar hedge funds and professional speculators, which means they are after one thing… fast money!

[RSS & email readers please click to site …

 Commodities, Investing 101, Investor Psychology         39 comments

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The majority of the investing world, like countless times throughout history, has once again found itself spellbound by gold’s luster and I’m here to tell you why I think gold is a bad investment.
I’m feeling another black sheep moment coming on.
Truth is, gold has had a heck of …

 Investing 101, Investor Psychology         10 comments

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Much like everyone else, Wall Street experiences the same basic emotions that all (or most) of us feel when news of an impending disaster (real or fearmongering) strikes.
Why?
Because there are real life human beings pushing the mouse buttons that execute the buy or sell orders during every minute of every …

 Consumer Education         24 comments

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For several weeks now, I’ve noticed an increasing number of hard sell advertisements in my Sunday newspaper, the websites I frequent, and the few TV shows I take the time to watch.
One gold coin commercial in particular has drawn my attention, or should I say disapproval, that has been running …