Toby Connor has an essay posted at goldseek.com with a title, "The Strong Hand
Theory", that I find very intriguing because it sounds like it could be all
sorts of terrific things, ranging from a new Sherlock Holmes mystery to "How to
destroy brick buildings with a karate chop with your bare hand and impress
girls!"
Unfortunately, Mr Connor does not offer either any help in impressing girls by
demolishing random commercial property, or entertainment with a story of the
famous detective noticing the strength of a man's handshake and goes
brilliantly on from there to cleverly solving a murder mystery using mere wisps
of clues, unlike the US Securities and Exchange Commission that can't even
recognize blatant frauds even when they are repeatedly
pointed out and the evidence is dumped on their desks.
It reminds me of how that little snot Arnold, from the accounting department,
keeps showing my boss his stupid charts and stupid printouts that prove, so he
says, that I am the worst employee the company has ever had, and my stupid boss
wants to know if I can explain any of that, and I say, "Of course I can explain
it! Arnold hates me, and he is a lying piece of crap that likes to hang around
playgrounds and talk to cute little boys about joining the Nazi Party!" and of
course Arnold, all flustered and upset, says, "That's not true! None of it!"
Naturally, my back is against the wall, afraid to go home to face my wife and
tell her that I have been fired from yet another job, I pressed the attack by
replying, "That's just what you filthy Nazi pedophile bastards always say! Fire
him! Castrate him! Kill him!", which must have been a better retort than I
thought, because he never brought it up again when I was in the room!
Anyway, this is not about Arnold, but that you, as an American, should be
buying gold, silver and oil in response to the governments of the world,
especially that of the USA, deficit-spending double-digit percentages of GDP,
all financed by the central banks of the world creating the huge expansions in
money, and how inflation in prices will soar in response to all of this new
money, making gold, silver and oil go up in a huge, multi-decade hell of
roaring inflation, starvation and murderous social discord, worse and worse,
misery upon misery, until a Strong Hand arises to seize control of the world,
and all people fall to their knees to worship The Mighty Mogambo (TMM)!
Okay, Mr Connor did not say that, but since I am sure that gold, silver and oil
will be worth whole multiples of their current prices, "the only way to lose
money in a secular bull market is by trading" which is, as funny as it seems,
pretty much exactly right!
And if you want to know the one investing strategy that always comes out best
over the long-term when investing with a secular trend, it is dollar cost
averaging, a mindless system where you invest the same number of dollars each
month, regardless of price.
And that is only part of the reason why I extol the virtues of the Mogambo
Can't Miss Portfolio (MCMP), loaded to the gunwales with gold, silver and oil,
and, bristling with all the firepower that the Second Amendment allows, gives
one the courage to say, "Whee! This investing stuff is easy!"
Richard Daughty is general partner and COO for Smith Consultant Group,
serving the financial and medical communities, and the editor of The Mogambo
Guru economic newsletter - an avocational exercise to heap disrespect on those
who desperately deserve it.
(Republished with permission from
The Daily Reckoning. Copyright 2010, The Daily Reckoning.)
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