    Why are there so many “doom and gloomers” coming out of the closet? It seems like the more we read about some problem in the economy, or concern over housing, interest rates, etc. that some supposed “expert” is all over the news explaining themselves, sort of like “I told you so!”  It reminds me of Shakespeare’s Hamlet… “The Lady doth protest too much, me thinks.”  While these experts try to tell us how to protect ourselves in the coming recession, or worse, they seem to have a half-smile on their faces. Do these people want the U.S. economy to fail? Do they want people to lose their jobs and have to struggle to find income for their family? Do they want our political leaders to just give up working to solve problems? Do they want the U.S. to look like a repentant beggar in the eyes of the world?  I’m really not sure what they want, but so many of them seem to ”bear their cross” with pride in explaining the financial challenges of others. I don’t disagree that we have a great deal of challenge ahead of us, or many of the reasons we are faced with these challenges today. But this is where we are! Why is it necessary to wallow in the morass of doom and gloom?
    By the way, someone please explain to me how I’m going to run out and buy gold or silver coins, hide them in my closet, and then buy groceries or make a mortgage payment with the “gains” I am making on those coins over time?   Or is it simply for long-term investing?  Hmmm… well, if I would have invested in gold in 1982, I would have seen almost a twenty-year decline in my investment. Only in the last 5 years has gold really grown from year to year. It may grow more of course… there are always bursts of excess in bull markets, and gold may well be a good investment for the next 3-5 years. But I guess I just don’t get it. Sure there are problems within the U.S. economically and otherwise. There are huge problems around the world economically and otherwise. But just what do these people want? I’m not saying you shouldn’t own or invest in gold. But I am saying that a doom and gloom mentality is not a wise or helpful strategy over time, and running out to buy gold or silver is not the answer.  Yes, realism is fine, and hedging your bet is a smart move.  A well diversified portfolio, including some precious metals, across the spectrum of investment risk is probably a good approach. But I think the best answer lies more with disciplined saving, investing, education, job training, growing a business and doing our best each day. Helping people learn how to grow and navigate the changing economic tide is a more proactive approach over time. Maybe that’s just too boring for some people, and doesn’t stir the emotions quite as well.
    Fortunately not every expert is so negative. Of course you know what they say about opinions, but I think I just prefer a little more positive outlook as we approach the challenges of each day.  Â
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