Financial news reporters hate guys like this

Broadcast in August, 2011

"Buy, buy, buy" - that's all the networks know

Think of CNBS and Fox News and all the other financial "news" outlets as 24/7 infomercials for the brokerage industry.

Because that's exactly what they are.

Their advertising clients don't make money unless you "buy-buy-buy" so that's why everything is couched in terms of what to buy next.

Sometimes - like now - the smart thing to do is "do nothing."

Actually, holding US dollars in a safe place - short term Treasuries, 100% short term treasury funds, bank deposits in well run banks, actual cash - is doing something.

This became especially clear this past week.

If you did "nothing", you woke up Friday able to buy a lot more of everything - gold, silver, copper, grains, Euros, Swiss Francs, Canadian dollars, and lots and lots of other commodities.

Most investors feel the need to "always be playing" and the financial infomercial networks feed that ruinous habit.

The financial "news" networks hate
sober-minded investment advisors.

But occasionally one slips through,
like this one in August.

Watch the reporter desperately try
to get this guy to recommend stock
picks.

Instead he gave solid gold advice -
that would still apply today.

Video:


http://www.realecontv.com/videos/the-st ... this-.html