Tuesday, February 23, 2021 8:24:32 AM
They had our buddy Dennis Gartman on again and he was talking about how inflation is picking up and that everyone needed to be in gold because it would be headed higher. Gartman will often recommend being in gold or that he has a position in gold, but this is where he and 95% of the other Talking Heads on MSM go wrong.
They almost always recommend getting into the ETF or paper market. They never recommend buying PHYSICAL metal. IMO the reason they do this is fairly obvious, they're all TRADING either GLD or SLV, so it's not the way they play the game to be accumulating physical. They jump in and out of the paper market just like they would be playing/trading stocks. Buying physical represents a willingness to hold that physical for a set period of time.
The only person I've ever heard recommend buying physical when he's on MSM is Peter Schiff and he does that mainly because he sells gold and silver through his Company. Very few people even see the need to hold physical and are uninformed as to why they need to at least a core holding in physical.
I bring this up because buying into the paper market is what the Sheeple are instructed to do by the majority of the folks recommending precious metals.
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