Dividend Inc

Gold - Not the Safe Haven People Think it Is

Hey Jeffee,

I got a good laugh at your comment. Man, I have stories from all three that would have you laughing 'til you cried.

Thanks.

-Touc

Gold - Not the Safe Haven People Think it Is

One more time...Sorry about the errors.

dividendinc.blogspot.c...


-Touc

Gold - Not the Safe Haven People Think it Is

Sorry about the first link. Try the following link for the 200 years of the price of gold in America. Click on the chart for a better view.

dividendinc.blogspot.c...

-Touc

Gold - Not the Safe Haven People Think it Is

Greetings Philman,

While you make good points about other countries throughout history I will at least provide you with at least one source that I'm working from specifically from American history. While I don't know history very well, I do know there are many quality sources and yours may differ from mine.

If you get the chance please view the following chart:
3.bp.blogspot.com/_pRR...

note: you may need to cut and past the link. Enjoy.

Touc

Gold - Not the Safe Haven People Think it Is

Hi Matt,

Please reference my November 17 article regarding gold during the gold bull market of the 1970's at dividendinc.blogspot.c.... That article applies to all three categories: Majors, Juniors, and exploration.

Hello Henal,

I agree with you that perception is reality however in the case of gold in the last year perception hasn't provided enough fuel to help gold and gold stocks go above the old highs. This is the reason that I've introduce the history component to see if there were some answers there.


Greetings Paultaut,

I think there is a grammatical error on my part regarding the XAU. What was meant to be said was, "...the long term trend higher that started in the 2000 as reflected in the XAU..." I can see where I wasn't clear. Thanks for heads up.


-Touc

Gold - Not the Safe Haven People Think it Is

Greetings GMiki,

I would like to respond to when you said, "I wonder why you harp on this subject. I think it's very unhelpful of you since you're really not an expert in this area."

When I first produced my article on gold, respondents said I was taking "facts" and misconstruing them while at the same time lacking any kind of literary skills. I was challenged on my true understanding of gold and economics and the current monetary crisis. All this despite the fact that I have solid facts and source citations for anyone to dispute the claims that I make.

I wrote the second article as an attempt to answer the critics with further evidence on the topic of silver since the history on gold wasn't satifactory. When I provided that information, I was accused of not knowing what I was talking about and that I should crawl under the cardboard box that I came from. This despite the facts about the price of silver throughout history has not been hidden by government propping as with gold.

Finally, my third article was an attempt to answer my critics claims that "this time is different." This time is different because we're on the verge of a currency crisis or realignment a la 1929. I specfically gathered the data from the period of 1924 to 1933 to further illuminated the situation on gold and silver stocks during a deflationary/currency crisis. I was as broad as I could be with my selections. In fact, I left out examples that were even more extreme than what I presented. Clearly I cannot satisfy the appetite of those not willing to take in the facts as they are.

Unfortunately GMiki, I cannot go to your blog to get the full breadth of your explanation of the reason gold is the place to be. However, I am fully aware of the good points that most gold bugs have issued; the problems in the economy as well as the currency situation. As a person who has held actual physical gold and silver since 1996, I can tell you that I, more than anyone else, have a vested interest in the price of gold and silver going up. In fact, I said that when gold turns so too does the general market. What's wrong with that possibility?

I have read and studied the markets on gold and silver for quite some time. I'm sure the classic retort to that last remark is that, "I need to go back and study history again 'cause I sure didn't learn anything." However, I only generated those articles to help gold and silver investors. If gold bugs will only take in what I'm saying then they'd realized I'm trying to offer a perspective based on the numbers and the facts. If I'm constantly contested on this matter I become more inspired to dig deeper which further irates decent people like you.

I am now inspired to show the South African gold and silver stocks traded on the London Stock Exchange prior to 1800 to further demonstrate the issue that needs to be voiced. I want gold and silver to go up. But what is the point of going blindly into the sector without clarity. I don't mind if gold bugs don't care about the facts, but I'd rather offer information that is useful when considering how much money to invest in gold and silver rather than stuck with a bill of goods (though it is clear there is much debate, or none, about the usefulness of what I have presented.)

Now let's look at your point about me not being an expert. True, I'm no expert but the data is solid. Yet, no one was satisfied with my claims and demanded that I come clean on my lack of knowledge of people like James Dines, Richard Russell and the Aden sisters. This is despite the fact that I have subscribed to Russell and Dines since 1995. Now, the true gold bug would say,"obviously, I haven't learned anything from those experts therefore my subscriptions must have been a waste of money." However, look at the performance of a person like Dines who is clearly an expert in gold. Dines has been wrong by a country mile. Look at the quotes that I have pulled from Dines during prior bear markets in gold. Is it not surprising as to the reasons why he would question himself? Doesn't it make you wonder what the reasons are that someone, who is an expert in the area of gold and silver, would openly wonder how they could have gotten it so wrong? Well, I wondered and did a little digging. That digging lead to the "research" that I attempted to present on my blog.

Thanks for taking the time to read my post GMiki.

regards,

Touc