Gold Marks Two Important Milestones [View article]
The advantage of owning gold has also increased recently due to the fact that most "safe" financial assets now yield zero interest.
So what is better to own? "Safe" treasury bills that yield zero interest while dollars fly off the printing press by the trillions or gold? An easy choice in my book.
Also, gold is a relatively small asset class compared to the value of holdings in stocks, real estate, money funds, etc. Even a small reallocation of funds from paper assets to gold would have a huge impact. At some point i would not be surprised to see the value of gold quickly double in a short period of time.
Another excellent article by SW Richmond. It would take a politician of outstanding courage and foresight to honesty address the issues covered in this article with the American public.
Hopefully, one day we will have someone acknowledge the fact that we have spent our future and that all we have to show for it is a mountain of debt that we will bestow upon our children and future generations.
Americans have a history of overcoming adversity if we truthfully confront the issues. Maybe someday, someone will honestly tell us that there are no simple solutions and that the government cannot painlessly cover all losses.
Maybe someone will explain to us that yes, there will be hard times, yes, we will need to be frugal and work hard together and yes, eventually we will solve our financial crisis and put our financial house back in order.
Maybe someday, we will learn that a sense of material entitlement, allowed by easy credit does not create prosperity.
So far, I have only heard about bailouts and "stimulation".
Analysts Are Bullish on Gold: Should You Be Worried? [View article]
Great article and although I am a long term gold stock and bullion investor, I get nervous when everyone is shouting to buy gold and predicting big price increases. Nonetheless, I don't believe the timing is important here; the smart move is to increase your positions on sell offs. The central banks of the world will engage in "quantitative easing" to whatever extent necessary in an attempt to provide more credit to an already over leveraged world, ultimately debasing the value of most currencies. Gold investors have been laughed at for years and there have been long periods of declines and/or under performance in price versus other asset classes. Gold, however, is the only monetary asset where the ultimate value of your investment is not subject to someone’s else’s promise or ability to pay. I view gold as the ultimate insurance hedge against a government’s propensity to spend itself into insolvency and, accordingly, I believe that gold should constitute 10 to 20% of one’s core investment assets. Historically, governments have regularly and repeatedly defaulted on their sovereign debts. In every such case of default, the citizens of those nations would have been far better off holding gold rather than government paper.
Does Gold Beat the DJIA? It Depends [View article]
Gold Marks Two Important Milestones [View article]
So what is better to own? "Safe" treasury bills that yield zero interest while dollars fly off the printing press by the trillions or gold? An easy choice in my book.
Also, gold is a relatively small asset class compared to the value of holdings in stocks, real estate, money funds, etc. Even a small reallocation of funds from paper assets to gold would have a huge impact. At some point i would not be surprised to see the value of gold quickly double in a short period of time.
Hang on to Your Gold [View article]
It would take a politician of outstanding courage and foresight to honesty address the issues covered in this article with the American public.
Hopefully, one day we will have someone acknowledge the fact that we have spent our future and that all we have to show for it is a mountain of debt that we will bestow upon our children and future generations.
Americans have a history of overcoming adversity if we truthfully confront the issues. Maybe someday, someone will honestly tell us that there are no simple solutions and that the government cannot painlessly cover all losses.
Maybe someone will explain to us that yes, there will be hard times, yes, we will need to be frugal and work hard together and yes, eventually we will solve our financial crisis and put our financial house back in order.
Maybe someday, we will learn that a sense of material entitlement, allowed by easy credit does not create prosperity.
So far, I have only heard about bailouts and "stimulation".
Analysts Are Bullish on Gold: Should You Be Worried? [View article]
Gold investors have been laughed at for years and there have been long periods of declines and/or under performance in price versus other asset classes. Gold, however, is the only monetary asset where the ultimate value of your investment is not subject to someone’s else’s promise or ability to pay. I view gold as the ultimate insurance hedge against a government’s propensity to spend itself into insolvency and, accordingly, I believe that gold should constitute 10 to 20% of one’s core investment assets. Historically, governments have regularly and repeatedly defaulted on their sovereign debts. In every such case of default, the citizens of those nations would have been far better off holding gold rather than government paper.