In the game of money it’s lead, follow, or get run over. Leadership requires the skill of anticipation. Few ever acquire this skill. While following the leaders is easier than easier than anticipation, it demands the discipline and ability to adapt. These can be difficult skills to acquire as well. Unfortunately, this means the vast majority of people get run over.
Dear Eric,
Firstly, thank you for your posts. They are truly world class. In fact, yourself, Jim & Dan's posts are all truly world class, and I thank you all for them. I have been a reader of all your posts since 2005, and they have all helped me & my immediate family, in 'practical' ways, since that time. Thank you.
Secondly, I'd like to comment about your observation of the Reuters article: edegrootinsights.blogspot.com, of waning eagerness by retail, to sell their gold jewellery for cash in the US & Mexico.
In live in an inner city suburb of Sydney, Australia, and for the past 3 years, our local shopping centre has had the 'Gold X-Change' Cash for Gold stand, setup in front of the Woolworths (Australian Safeway equivalent) supermarket there. As of late July, this stand no longer graces its presence at that location in front of Woolworths in our local shopping centre, and it was not there this weekend, nor last weekend. It is gone, never to come back I believe.
I noted this back on the 30th July, when the Gold X-Change stand was not there for the first time, and thought at the time whether or not retail was no longer selling to these cash for gold people, since their stand was no longer there. And that observation coincided with your posts at the time about an acceleration in the trend for the gold price in USD's. Coincidence?
Thanks again for posting.
Kind regards.
Jacq.
