Stockerati

Gold's Golden Run All Set to Continue

Bearfund, interesting perspective and I agree with most of it. However, associated with Gold is the gold mining industry. For example, if the price of Gold increases, the income and therefore the profits of these companies increases. In that way, Gold becomes a *real investment*. Folks into MFs or ETFs which are purely Gold based or have a significant gold hedge, are in a way investing in Gold. Your statement- "As J. P. Morgan himself said, gold is money. When you don't want to invest in equity and real interest rates on debt are negative, you should convert most of your assets into gold and sit on it until something changes", is a very puritancial way of looking at Gold. It's fine, however, there are other valid perspectives as well.

Gold's Golden Run All Set to Continue

Wow, do you really think a ONE DAY move is enough to justify anything-- wait, ah I see, that's not your name. I was wondering why you were referring to yourself in third person. Maybe it was a subliminal association I made reading your intelligent comments, Peter

Gold's Golden Run All Set to Continue

Tern, I believe Gold is rocking today-- maybe it's the effect of the intelligent comment in the vapor article :)

Gold's Golden Run All Set to Continue

Thanks for your feedback. I look forward to reading data-intrinsic and sound articles from you to learn, get inspired and become a better author-- unfortunately I couldn't find any. Huh! Peter? Peanut Gallery? Anyone?

Gold's Golden Run All Set to Continue

Thanks Yuman. I am not a gold peddler (as you can see if you visited my blog). My article states gold to be a hedge against a downturn in the stock market. When the market's down, everyone tries to hedge their bets such that their investments are protected. That's why financial advisors and mutual funds invest in gold and silver to balance the portfolio. You can bash the article to your heart's desire but if you go back and check the data, the investor psyche always turns to gold during recessions and downturns. That's why until a few years ago and even now, national currencies used to be pegged to gold. In any case, I'm glad that you agree that gold will go up. That's the take-away at the end of the day. If my data doesn't suit your taste, use yours. And it seems like you arrived at the same conclusions as me. To each his own :)

Gold's Golden Run All Set to Continue

peter, why do you think inflation is not high or there's zero speculation in oil? Interestingly, I didn't see any data from you to counter them. The chart I included shows the inverse relationship b/w stocks & gold. By any chance, are you an oil speculator? You do sound like one, Mr. Kettle :)