Saturday, September 20, 2014
Our Daniela checks out those worthless Faberge eggs
I swung by to check the Kitco channel at Youtube, where among other things there are video interviews of goldbug newsletter clowns still disgracing themselves publicly talking about how silver is going to be strong, as if the history of their previous failed predictions isn't all over the internet for everyone to see if they actually cared anymore.
But here's something neat: Daniela Cambone goes to see an exhibit of Faberge eggs.
Just another pile of worthless gold, right? In fact, I guess the silver, diamonds and rubies are also worthless, no? I mean fuck, a Faberge egg yields no interest, right? It's only worth what the next guy will pay for it, right? Why would anyone buy this stuff?
Someday I'd like to see some Wall Street Whitey like Josh Brown explain why nobody in their right mind ever goes to a museum to see an exhibit of 19th-century zinc products or Treasury inflation-protected securities.