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<p>[QUOTE="-jeffB, post: 4031463, member: 27832"]Thing is, one guy's history of getting rich (and, yeah, for most of us $10MM constitutes "rich") as a Wall Street trader doesn't automatically make his financial/political predictions wise. At <i>any</i> point in history, there are <i>always</i> some people convinced that The Sky Is Falling Any Day Now, and that NOW is the TIME to ACT.</p><p><br /></p><p>When gold spiked to $1900, people were waiting for it to hit $5000. When it "dipped" back to $1600, there were people backing up the trucks, or at least saying they were. Some of them were smart and previously successful, I'm sure.</p><p><br /></p><p>There were also plenty of people who were quite certain one Great Confiscation or another was right around the corner, with a big uptick in theat belief oh, say, approximately 11 years ago. Somehow I missed it, if it happened.</p><p><br /></p><p>I may be cynical, but I don't see anything coming down the political pike that would pose a <i>serious</i> threat to the business of maintaining fortunes. There's certainly <i>talk</i> of threats, but that talk seems somehow never to materialize once elections pass, regardless of "which side" wins...[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 4031463, member: 27832"]Thing is, one guy's history of getting rich (and, yeah, for most of us $10MM constitutes "rich") as a Wall Street trader doesn't automatically make his financial/political predictions wise. At [I]any[/I] point in history, there are [I]always[/I] some people convinced that The Sky Is Falling Any Day Now, and that NOW is the TIME to ACT. When gold spiked to $1900, people were waiting for it to hit $5000. When it "dipped" back to $1600, there were people backing up the trucks, or at least saying they were. Some of them were smart and previously successful, I'm sure. There were also plenty of people who were quite certain one Great Confiscation or another was right around the corner, with a big uptick in theat belief oh, say, approximately 11 years ago. Somehow I missed it, if it happened. I may be cynical, but I don't see anything coming down the political pike that would pose a [I]serious[/I] threat to the business of maintaining fortunes. There's certainly [I]talk[/I] of threats, but that talk seems somehow never to materialize once elections pass, regardless of "which side" wins...[/QUOTE]
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