How to Profit from High Gold Prices

Below is an article published in April 2008 on high gold prices with which I couldn't agree more. Of course, the price of gold has risen substantially since April 2008, but the article reiterates the point that the volatility of gold prices remain a constant worry to small gold investors. In sum, this is a great time to sell gold in the form of old jewelry and current gold investments, or it is a good time to purchase stock in mining companies that bring new gold to market. However, as Wharton finance professor Jeremy Siegel stated in the article, "I don't think it [gold] has any place in a long-term portfolio."

Source: http://knowledge.wharton.upenn.edu/article.cfm?articleid=1946

Don't Buy Gold as a Long Term Investment

Look, Jim Cramer on CNBC is wrong about gold as a long term investment. On Friday, November 11th, he broadcast that you should put 10% of your portfolio into gold. Don't put 10% of your portfolio into gold or precious metals! Gold is a terrible long term investment. Never even dream of rolling an IRA into Gold! Instead, put about 1% of your entire portfolio into gold, if it will help you sleep at night. Gold mining operations are trying to bring as much gold to market as possible. The price of gold is going to crash when speculators decide it is time to cash in; you'll be stuck for the rest your lifetime waiting for gold speculators to drive the price up again. Of course, I'm just guessing because I passed macroeconomics and lived through the 1980's...

Justin Timberlake's In Time Movie... Cool Cars and Awesome Scars

I went to see Justin Timberlake's In Time movie on Sunday. All I can say is... Cool cars and awesome scars, but what's with all the bad haircuts? Don't they have hairstylists in the past, present, future, or whenever that was? So will everyone drive either a Dodge Challenger or vintage Lincoln Continental, or just run from place to place? Justin and Karen from Mean Girls run everywhere stealing time, taking time, or making time. The plot was sort of borrowed from Logan's Run, The Matrix and The Island, but, hey, I liked it.

RedEye with Greg Gutfeld on Fox News

I'm completely addicted to watching Fox News' RedEye... Greg Gutfeld is the pint-sized host with the super-sized wit. The rest of Fox News is marginally watchable, with non-stop drum beating about post Liberal-Zombie-apocalyptic scenarios... The Five is also worth watching.