Gold: "Good Timin'"
Oh, you need timin'...
You may remember, from the early-1960s, the Jimmy Jones's hit-single, “Good Timin'” (I was then just graduating from high school).
Yes, when it comes to gold, it does, as the song alludes, take "good timin'." And, unless you're a soothsayer and can see into the future (I certainly can’t), you just don’t know when the gold “eruption" will occur.
A ticka-ticka-ticka...
Furthermore, it ain't like Halley’s Comet or the swallows returning to San Juan Capistrano. It's unpredictable! It’s sorta like those “Nor’easters we get here in New England.” You never quite know when one will strike, but you do know that there will be at least one, possibly more, each winter. That’s the way I feel about gold and why I own the precious metal.
Now, I'm not toutin' the "yellow metal." After all, this ain’t the racetrack. I'm just trying to keep an "open mind" about every financial contingency.
Moreover, it’s just that, at 80-years of age, I’ve been "around the block" a few times. This ain't “my first rodeo.” I do remember 1980. I recall other times as Teddy Roosevelt said of about himself, “I rose like a rocket.”
Again, I say, "You do what you want." If you decide to buy gold bars, coins, stocks, etc., it's obviously your call. I don't have a vested interest, except for the fact that I do own precious metals stocks.
A tocka-tocka-tocka..
Yet, just take a look around at today's world, a tinderbox: Jenin in the Middle East; Prigozhin and the Wagner Group; China and its territorial ambitions. Not to mention Ukraine, etc.
Moreover, it wouldn't take Merlin to believe that today's world is in a very precarious place. So many “hot-spots.” It’s like Sarajevo in The Balkans at the start of WW I. Frankly, it wouldn’t take much.
Now I certainly wouldn’t want anything terrible to happen. Yet you've have to be in a state of denial not to believe that possible cataclysmic events might occur.
In my opinion, the current world is a geopolitical "powder keg." All it would take would be one spark. A chain-reaction.
In concluding, everyone’s a "free agent." It’s your money… (sounds like a commercial). Yet, I do hold gold…just in case.
Timin' is the thing…
__________________
Walt (Teach)
"Walt, make a 'mental bet' and lose your mind." R.N.S.
"The important thing is what I think of myself."
"David and Lisa" (1962)
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