Mark McHugh

Turning Bullish on Gold and Gold Stocks

Tireman,

Where do you buy them?

Turning Bullish on Gold and Gold Stocks

Am I the only one who's concerned about the risks of e-gold? I've been looking at the possibility of physically holding gold and it's proving more challenging than I thought.

Can anyone reassure me that holding GLD is just as good as having the metal and that they would never price shares that they didn't have? Or, can someone give me direction on how to safely navigate a physical purchase?

Ouch! This Gold Trend is Relentless

First of all, it takes guts to admit that you've been wrong - so kudos to you. I really think you might be missing the point of what all this gold stuff is about. People are scared. Scared of falling home & equity prices, a collapsing currency and inflation that the government doesn't really even recognize. Many believe that if you print enough money, it will all work out eventually. History says different.

Throughout recorded history, having gold got you fed, clothed and laid anywhere on the planet. I don't know what the record for longest surviving fiat currency is, but I know it ain't four thousand years. So scared people are buying gold, regardless of any technical indicators of "normal" behavior.

I think greed shows up on charts much more rationally than fear, but you should not ignore or dismiss fear; it is as real a driving force as there is.