Central Banks Will Always Fail to Control Prices
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Old 06-02-2016, 12:38 PM
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Default Central Banks Will Always Fail to Control Prices

Central Banks Will Always Fail to Control Prices

SMALL INVESTMENT, BIG POTENTIAL. TheStreet's Stocks Under $10 has identified a handful of stocks with serious upside potential. See them FREE for 14-days. "In all my years in investing, there's one rule I've prized beyond every other: Always bet against central banks and with the real world ... Central banks and governments always try to maintain artificial levels, high or low, whether of a currency, a metal, wool, whatever. Usually these prices are absurd, and the market knows they're absurd. When a central bank is defending something -- whether it's gold at thirty-five dollars [when the U.S. used the gold standard] or the lira [Italy's old currency, before the euro] at eight hundred to the dollar -- the smart investor always goes the other way. It may take a while, but I promise you you'll come out ahead. It's a golden rule of investing." -- from Investment Biker, 1994
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