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  • Value of Gold Over the Ages [View article]
    "Just look at the performance of gold during our last deflation in the Great Depression"

    Gold did nothing until 1933 - it was fixed by government decree at $20 per ounce. Roosevelt then inflated the money supply and gold was refixed to $35 in a day! Pity no one could profit from it since he simultaneously banned private ownership of gold.
    Jan 7, 2008. 11:32 AM | 1 Like Like |Link to Comment
  • Value of Gold Over the Ages [View article]
    I think it was on the Daily Telegraph on a recent GATA email. Don't know where they got it from.
    Jan 7, 2008. 10:31 AM | 1 Like Like |Link to Comment
  • Why Technical Analysis is Nonsense [View article]
    So the big boys don't use technical analysis? Going by the subprime mess and the various other big mistakes they have rode up and down (dot com bust?), whatever they are using it ain't much better!
    Jan 7, 2008. 10:24 AM | 2 Likes Like |Link to Comment
  • Churning Silver Stock and Bullion Positions: Exit and Re-Enter or Ride it Out? [View article]
    One could but I was addressing holders of silver (and gold) mining stocks who may have wondered what they do during the large sized corrections which are a signature of these smaller and more volatile markets.
    Apr 30, 2007. 05:55 PM | Likes Like |Link to Comment
  • Robert Kiyosaki Is Wrong On Silver (ETF: SLV) [View article]
    Market Participant obviously is not familiar with the silver market else he would not make the strange comment about diminishing photography use.

    If he knew that most silver emulsion is recovered from processed film and fed back into the market, he would not have even thought about making such a comment.

    In other words, drop film demand and you drop silver scrap supply. It's almost a zero sum game.

    As for the US dollar, has he not compared charts of gold versus the dollar recently? Gold is negatively correlated to the US dollar to a very good degree. Neither do you just buy foreign currencies because gold offers more leverage against the dollar than the euro or yen. Same argument applies to silver.

    Are there commodity and paper cycles? That's down to your own beliefs. I like the 55 year interest rate cycle typified by the Kondratieff Wave. It ended early this decade and presages increasingly higher interests for the next two to three decades. Increasing nominal (and hence real) interest rates is bullish for silver.

    Finally, we are told to avoid silver because it is not income producing. Do I care, so long as it is rising more than inflation? Return on investment trumps yield any day.

    Ignore the all or nothing approach to investment and put a little bit of precious metals in your portfolio.
    Sep 25, 2006. 09:09 AM | 1 Like Like |Link to Comment
  • Should Novagold be Renamed Novacopper? The Answer Will Affect Your Investment Strategy [View article]

    The point of contention is what would the price of gold be if the base metals are at break even? What gold price did you assume?
    Sep 18, 2006. 08:34 AM | Likes Like |Link to Comment
  • In Defense of Peak Gold: Evidence Gold Production Peaked in 2001 [View article]
    Thanks for the clarification, David.

    Undersea mining will be as much the way ahead for gold as it was for oil. I just don't see it halting a long term decline in gold production. Nevertheless, it is an exciting prospect for the next phase of gold mining.
    Sep 18, 2006. 08:32 AM | Likes Like |Link to Comment