Could Groupon be a colossal failure after it goes public? Or is it going to be wildly successful? There’s been some interesting articles written on the company recently which I’ve included links to below. Besides the fact that they’re the biggest name in this business model right now, I’m not sure what is going to give them an advantage in the future over some of their upcoming competitors (Google, Facebook).
Not likely according to some research done by Sprott Asset Management. The amount of capital worldwide invested in gold and gold equities it is still a tiny number, even after 10 years of solid returns in the gold market. To quote from the report: “The truth about gold is that most people simply don’t own it…yet”.
There’s a lot of great quotes in his recent article, including the following:
“There’s something magical, mysterious and rather beautiful about a primary bull market. The bull market in gold has been in effect for over ten years, and the mysterious part of it is the way the American people have both ignored it and damned it.”
“I’ve begged and implored my subscribers for a decade to enter the great bull market in gold. Even today, after a solid decade of higher prices, the great majority of Americans own not a single ounce of gold. And even today, after an amazing ten consecutive years of higher prices, we hear know-nothings denouncing real money, gold, as a barbaric and worthless relic of former times.”
“I’ve written before that bull markets don’t die of old age. Bull markets die of over-speculation and over-participation and thus, in the end they die of exhaustion. I’ve said all along that this is the way the bull market in gold will ultimately die.”
Read the full article here
Here would be its financial statements. If you’re looking for an in-depth yet easy to understand explanation of the financial condition of the United States read this report.
There’s always multiple nuggets of sage advice in Warren Buffett’s annual letter to shareholders. His 2010 letter is now available here: