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This guy doesn't like precious metals.
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<p>[QUOTE="Troodon, post: 1635695, member: 4626"]"Propaganda" for all its negative connotations, merely means some type of media intended to influence opinion. I'll leave it to you whether the article is a piece trying to influence the opinions of the readers, or merely stating those of its author.</p><p><br /></p><p>The article is definitely one-sided though, but he does have a point. Precious metals are a good, stable, long term store of wealth but aren't noted for their long term growth potential.</p><p><br /></p><p>I think the author's views on "chasing the herd" are downright silly though; chasing the herd is not always a bad thing as long as you don't do it too late (what's the alternative, stay behind and get eaten? If that's not extending the metaphor too much lol...). Sometimes the herd is running in a good direction and following is a perfectly prudent thing to do. Adopting a hipster attitude to investing, where you decide to avoid doing the things the majority of investors are doing for no other reason than the majority is doing it, doesn't sound like a sound strategy to me. If the majority is wrong, by all means avoid doing what they're doing. But just because the "herd" is adopting a given strategy doesn't automatically make it wrong.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1635695, member: 4626"]"Propaganda" for all its negative connotations, merely means some type of media intended to influence opinion. I'll leave it to you whether the article is a piece trying to influence the opinions of the readers, or merely stating those of its author. The article is definitely one-sided though, but he does have a point. Precious metals are a good, stable, long term store of wealth but aren't noted for their long term growth potential. I think the author's views on "chasing the herd" are downright silly though; chasing the herd is not always a bad thing as long as you don't do it too late (what's the alternative, stay behind and get eaten? If that's not extending the metaphor too much lol...). Sometimes the herd is running in a good direction and following is a perfectly prudent thing to do. Adopting a hipster attitude to investing, where you decide to avoid doing the things the majority of investors are doing for no other reason than the majority is doing it, doesn't sound like a sound strategy to me. If the majority is wrong, by all means avoid doing what they're doing. But just because the "herd" is adopting a given strategy doesn't automatically make it wrong.[/QUOTE]
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