"The whole reason why there is a credit crisis in the first place is because nobody trusts any institution that isn’t owned, backed, or financed by government debt. So where does that leave the investors?"
Great point. In reality any government is truly just a representation of the citizens of that country's wealth and ability to pay taxes. That is, after all, where a governments money comes from.
So really, people are buying US Citizens credibility to pay. Only problem there is US Citizens for the most part are in debt to the hilt, losing their jobs, and some are more concerned about putting the food on the table than buying Christmas gifts.
Gold on the other hand, requires no government to back up its value. It has had value for over 5000 years of human history. Not going to change tomorrow.
Why Isn't Jason Zweig Bashing Gold? [View article]
Cracks me up. Gold goes up when stocks and dollar goes down, and when economy is dim.
So in other words, supply and demand having nothing to do with it, the only thing that affects the gold price is its correlation to something else, which has only behaved this erratically a few times in the last 150 years.
While it is my first reaction is to draw a target on someone who seems to be whining about manipulation, all intelligent people I know who have taken the time to study the issue in terms of the gold and silver markets have come to the same conclusion: sure looks like it.
Precious Metals: Emotions Still Stronger Than Fundamentals [View article]
Fundamentals have not changed: 1. Gold mining supply is still lower than global demand, has been for over a decade 2. The credit crisis isn't getting better, on the contrary its getting worse 3. The US has no choice but to continue to debase the currency, all other nations will, and already are, following suit 4. The average mom and pop citizen hasn't caught on yet, don't believe me? Go ask 100 random people if they invest in gold, the response will shock you. 5. Gold has always been, and will always be the foundation of the global financial system. Bundesbank just admitted it, something you don't see a bank do very often.
"My greatgrandfather sold his business in Denmark before Kaiser Bismark took over, drilled holes in a sea chest and thereby smuggled the gold out of the country. This gold enabled him to start a new life for his family in the US as a land owning farmer in Iowa. What is the lesson? Gold is a portable universally recognized form of wealth with a history of having these benefits that extends back through all of recorded history. Does any fiat money match this record? That is your answer to why own gold."
Bingo, right on the money.
Gold is one of the best ways to transfer wealth from generation to generation, as there is no title to track, no bank accounts to penetrate, no tax information on it.
The End of the Gold Carry Trade [View article]
Great point. In reality any government is truly just a representation of the citizens of that country's wealth and ability to pay taxes. That is, after all, where a governments money comes from.
So really, people are buying US Citizens credibility to pay. Only problem there is US Citizens for the most part are in debt to the hilt, losing their jobs, and some are more concerned about putting the food on the table than buying Christmas gifts.
Gold on the other hand, requires no government to back up its value. It has had value for over 5000 years of human history. Not going to change tomorrow.
www.rapidtrends.com/bl.../
Why Isn't Jason Zweig Bashing Gold? [View article]
So in other words, supply and demand having nothing to do with it, the only thing that affects the gold price is its correlation to something else, which has only behaved this erratically a few times in the last 150 years.
Ahh the comedy.
U.S. Economy on the Brink; Metals, Solid Currencies Are Best Option [View article]
"Since we’ve left the gold standard, the U.S. dollar has depreciated by 45 times, or 97.78%, in relation to gold. "
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Time to Buy Gold and Silver [View article]
While it is my first reaction is to draw a target on someone who seems to be whining about manipulation, all intelligent people I know who have taken the time to study the issue in terms of the gold and silver markets have come to the same conclusion: sure looks like it.
www.rapidtrends.com/bl.../
Precious Metals: Emotions Still Stronger Than Fundamentals [View article]
1. Gold mining supply is still lower than global demand, has been for over a decade
2. The credit crisis isn't getting better, on the contrary its getting worse
3. The US has no choice but to continue to debase the currency, all other nations will, and already are, following suit
4. The average mom and pop citizen hasn't caught on yet, don't believe me? Go ask 100 random people if they invest in gold, the response will shock you.
5. Gold has always been, and will always be the foundation of the global financial system. Bundesbank just admitted it, something you don't see a bank do very often.
www.rapidtrends.com/bl.../
Why Should I Own Gold? [View article]
Bingo, right on the money.
Gold is one of the best ways to transfer wealth from generation to generation, as there is no title to track, no bank accounts to penetrate, no tax information on it.
www.rapidtrends.com/bl.../
The Disconnect Between Supply and Demand in Gold & Silver Markets [View article]
I think the key point of interest though, is that the US Mint hasn't done anything like this in something like 20 years.
That in itself should tell you something about this market.
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Gold Speculators Rushing In? [View article]
Like a thermostat on your car, it serves the purpose of letting you know when your engine is overheating.
If you think the turmoil in the credit derivatives and credit crisis are over, perhaps its time for more research.
www.rapidtrends.com/bl.../
Silver and Gold: Buy, Hold or Run? [View article]
www.rapidtrends.com/bl.../
The Disconnect Between Supply and Demand in Gold & Silver Markets [View article]
1. Those who watch other climbs Mount Everest and have an opinion
2. Those who are actually climbing Mount Everest
If one hasnt tried to buy physical gold at the retail level lately, perhaps more research is in order.
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This Gold Correction Has Further To Run [View article]
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