Great Gazoo Explains Gold's Great Fall
Yabba Dabba Doo. Fred Flinstone here reporting live from Bedrock. Seems like even *I'm* feeling the pinch these days. Gold that shiny stuff Wilma likes so much has gone belly up. Apparently this whole U.S. Iran thing is spooking the market and everyone's selling their gold like it's brontosaurus burgers after a dinosaur diet fad.
Silver's Slippery Slope
And it ain't just gold that's took a tumble. Silver's following right behind lookin' like a dino tail dragged through mud. Down more than 14% this week alone. Makes ya wonder if even Mr. Slate is worried about his investments. I reckon a smart caveman should probably read Turbulence Ahead Travel Stocks Hit Rough Seas Amid Middle East Airspace Closures that article about turbulence and travel stocks to know what is really going on out there.
Blame It On the Momentum Traders
This fella Arthur Parish from SP Angel he's saying all this hullabaloo is because of "momentum trades unwinding". Sounds like something the Great Gazoo would say. Apparently all these fancy city slickers piled into gold when it was going up and now they're running for the hills now. Makes you think don't it. Maybe a good solid rock is a better investment after all.
Central Banks: The Real Rock Stars?
Now here's the rub. Apparently these central banks have been hoarding gold since that whole kerfuffle with Ukraine and Russia. They're driving the price up then those "tourist" investors jump in then they jump right back out. Maybe I should start a central bank right here in Bedrock. Call it the "Bedrock Bank of Boulder". I'll get Barney to be the treasurer. What could go wrong?
Is Gold Still a Flintstone's Best Friend?
Toni Meadows from BRI Wealth Management is yappin' about gold prices dependin' on "fear mark up". Seems like when folks get scared they buy gold. But it's not always a sure thing. Sometimes it's better to just stick with what you know. For me that's bowling bronto ribs and Wilma's rock solid cooking.
Yabba Dabba Doo or Yabba Dabba Don't?
So what's a caveman to do? Should I sell my bowling ball for gold? Should I hide my rocks under the bronto crane? Nah. I reckon I'll just keep doing what I do best providing for my family and trusting my gut. And maybe lay off the Dino ribs for a while. This whole market thing is giving me indigestion. Yabba Dabba Doo.
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