Then why is my manged account with you deflated by 75%!

In my opinion, you are one of the few people on this board who has a right to be upset. You have invested your money with a registered financial advisor(Puplava Securities) and you are paying them a fee(I assume it is about 2%) to manage your money wisely.

You did not pay them this fee to take extraordinary risks or lose your money or give you sleepless nights. You could have done that and saved your 2% management fee yourself. You paid them a fee for professoinal service and results and you did not get it. I would be mad as heck as well.

Peter Schiff has done the same thing with his clients and many are down huge amounts as well. His weekly radio address is enough to make you sick as people complain about their losses and he just says he is not worried about the short term and in the long term you will be OK. That is a standard BS answer to put off until tomorrow a possible day of reckoning. In the meantime, you are missing opportunities with your money to make money and he is making 2% while you are losing your pants.

The disappointing thing about this is that these guys should know more about markets than you do and be in a better to make $$ than most of us, but they are not. I have tried a couple of CFA's in the past and they seem to lose my money faster than I can.

Anyhow, if you paid JP a fee, you have a right to be angry. For the rest of us, we made our own choices. As for me, I continue to believe that these CFA's and these newsletter writers are no better prepared than I to make good decisions, so I will listen to them all with objective but guarded ear. In the end, I will make my own choices so I can blame no one but me.

I do, however, share the pain of your lossses and I have lost some respect for JP in this process.

SilverNut