As price shot up in 2011, the haircut on safe haven buying was equally 50%. Like any trader knows, one is only as good as the last trade. Rickards and Schiff have extinguished their good will windfall by making a good call almost 10 years ago and have not got it right ever since.
If you had taken their advice and shorted the market thinking that it was going up sheet creek in 2007 and held on to that sentiment, would you be minting $$ right now? Equally had you then decided to 'hide' in safe haven PM, would you be equally better off now? I suspect it would have been double whammy.
