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Steven Hansen » Comments » ABX

  • Are We More Like 1932 - or 1923? [View article]
    Martin, i also am in general agreement with the thrust of your arguments. i would like to make the following points:

    - at this point in the Great Recession, world trade has fallen over 35% (japan is down 60%). if we remove oil from this number (as it was insignificant in 1930) - world trade is already off 65%. in a perfect world there should be no duties - but our world is imperfect with huge differences in labor costs and currency values.

    - movements of investments needed to be timed. the dollar will not crash in the next week. going to an investment too early will cause painful losses in the interim. bonds are a good investment for now if you purchase them inside an etf (such as TIP). exactly because of what Martin is suggesting will happen, you do not want to own bonds directly where you cannot get out of them in a key stroke.

    - echoing what RW Richmond says - it is better your gold is physical. it does you little good in a vault in london during a black swan event.
    Apr 10 03:47 am |Rating: +9 -2 |Link to Comment
  • The Fed's Big Gamble [View article]
    M * V = P * Q is like a concept - not a formula. it is used to show how subtle changes in money or velocity effect prices or supply/demand.

    there is nothing subtle about what is going on. in reality at this point, the M * V component yield is not much different than at the beginning of 2008, but P * Q is very different.

    there are many factors which effect the economy, and the price of gold. this should be a very good year for gold.
    Dec 31 20:58 pm |Rating: +4 0 |Link to Comment
  • First Fuel, Now Metals - Forecasts Lowered [View article]
    while not a gold bug, i doubt you should take any forecast seriously - up or down. not a soul knows what will happen next.

    nor would i read much into the lack of physical gold's supply to the market. if you give it much thought, you will realize that this is orchestrated to fire up demand.

    we all are being played right now by the talking heads who have something to gain by us buying things. no talking head is telling us to sell anything - in fact they are saying it is time to buy.

    this is a time to get into defensive positions to wait and see what will happen next.
    Oct 31 23:52 pm |Rating: 0 0 |Link to Comment
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