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Keith Yabz  

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  • Is Gold Overvalued? [View article]
    According to Barrick their cost of production is $460/ounce. Gold has fallen to the cost of production in the past, and for a while silver was actually below the cost of production. In the event of a gold bear market this is probably where the price would find a bottom.
    Jun 17, 2012. 10:32 PM | Likes Like |Link to Comment
  • Is Gold Overvalued? [View article]
    I agree that gold is primarily a currency play which is why it has risen so much higher than the other precious metals.

    It will be interesting to see what happens to Bitcoin, which is another non-inflationary currency. If it takes off this could hit gold badly…
    Jun 17, 2012. 10:30 PM | Likes Like |Link to Comment
  • How Good Has Gold Been As An Investment? [View article]
    Land is a great asset...but it is subject to the political winds. Changes in legislation or taxation can have a big effect on its value. For example rent control legislation can make rental properties virtually worthless. Ultimately land is a paper asset as much as bonds or currency because it is a piece of paper that gives you the right to it.

    If you can't put it in your pocket you don't own it...
    Jun 9, 2012. 10:41 PM | Likes Like |Link to Comment