What Next After Another Gold And Silver Sell-Off? [View article]
I bought nearly all of my precious metals about a decade ago and, aside from some silver in 2011, I've sold very little. I have no idea about the short-term, but I remain bullish over the long-term.
Coin premiums have moved have moved sharply higher over the last month or so and are only now coming back down, an indication of this separation that could be much more profound in the future.
There's risk of holding anything other than physical metal if the counterparty decides to settle-up in cash. There is also risk in holding physical metal via theft.
Good Riddance To The Weak Hands Selling GLD Shares [View article]
If things keep going as they've been going with Cyprus appearing to be an important precedent (if not a model) for rescuing banks, I think you'll see a lot more physical buying than ETF buying in the years ahead due to trust issues.
Why Gold Won't Protect You From Inflation: What History Tells Us [View article]
Gold is highly correlated (inversely) to real interest rates (e.g., Fed funds rate minus inflation), so, they are really a function of how policy makers respond to inflation rather than inflation itself.
As for withdrawing stimulus, one thing I can guarantee is that the Fed will talk a lot, but they'll be super slow to take action even if inflation is rising. There is no way that a Bernanke/Yellen Fed will withdraw stimulus too fast - that is not in their DNA.
The Bursting Gold 'Fear Bubble' Vs. The 'Confidence Bubble' In Policy Makers, Economists, And Markets [View article]
Funny - I agree with everything you say.
I've never supported the idea of hyperinflation in the U.S. though I think we'll get much higher levels of inflation eventually (and eventually just drew nearer with the current 2.5x times the rate of global money printing in 2013 vs. 2008-2012).
The Bursting Gold 'Fear Bubble' Vs. The 'Confidence Bubble' In Policy Makers, Economists, And Markets [View article]
I didn't think I needed to spell this out. I was wrong. I didn't mean to imply that you could take your gold coins down to the 7-11 to buy a Slurpee but, rather, that gold has served as money for thousands of years, up until a few decades ago. In that a rising gold price makes fiat money look bad (i.e., "to some extent" in the above excerpt), gold is in competition with current day money.
Dismal Labor Report Gives Precious Metals Markets New Life [View article]
The "paper gold and silver" phrase refers to futures markets where metal prices are set. The supply/demand dynamics are very different there than for coins in the U.S. or, generally, in Asia.
Gold Takes Out Major Support: Next Stop $1,350 [View article]
Your argument about real returns for stocks and bonds being far better than gold over the last two centuries might be more convincing if gold weren't money during about 150 of those years, during which time inflation was zero.
The latest news is that they're going to soften the blow for small savers and take more from the big accounts, but it sounds like they're locked in to the "raid the savings accounts" approach.
What Next After Another Gold And Silver Sell-Off? [View article]
What Next After Another Gold And Silver Sell-Off? [View article]
Dividend Stocks Crush Gold In The Long-Term [View article]
GLD Holdings Rise, Stay Above 1,000 Tonnes [View article]
There's risk of holding anything other than physical metal if the counterparty decides to settle-up in cash. There is also risk in holding physical metal via theft.
Gold Price And GLD Holdings Signal A Big Change Ahead [View article]
Good Riddance To The Weak Hands Selling GLD Shares [View article]
Why Gold Won't Protect You From Inflation: What History Tells Us [View article]
The Bursting Gold 'Fear Bubble' Vs. The 'Confidence Bubble' In Policy Makers, Economists, And Markets [View article]
Why Current Fed Money Printing Will Lead To Higher Gold And Silver Prices
http://seekingalpha.co...
As for withdrawing stimulus, one thing I can guarantee is that the Fed will talk a lot, but they'll be super slow to take action even if inflation is rising. There is no way that a Bernanke/Yellen Fed will withdraw stimulus too fast - that is not in their DNA.
The Bursting Gold 'Fear Bubble' Vs. The 'Confidence Bubble' In Policy Makers, Economists, And Markets [View article]
I've never supported the idea of hyperinflation in the U.S. though I think we'll get much higher levels of inflation eventually (and eventually just drew nearer with the current 2.5x times the rate of global money printing in 2013 vs. 2008-2012).
The Bursting Gold 'Fear Bubble' Vs. The 'Confidence Bubble' In Policy Makers, Economists, And Markets [View article]
I find it difficult to believe that so few people think what began in 2008 will all end well (or that it has already ended well).
The Bursting Gold 'Fear Bubble' Vs. The 'Confidence Bubble' In Policy Makers, Economists, And Markets [View article]
I was wrong.
I didn't mean to imply that you could take your gold coins down to the 7-11 to buy a Slurpee but, rather, that gold has served as money for thousands of years, up until a few decades ago.
In that a rising gold price makes fiat money look bad (i.e., "to some extent" in the above excerpt), gold is in competition with current day money.
Paper Selling In The West Could Spur A Gold Rush In The East [View article]
Dismal Labor Report Gives Precious Metals Markets New Life [View article]
Gold Takes Out Major Support: Next Stop $1,350 [View article]
That's kind of an important part of the story.
Renewed Euro Crisis, Rising Inflation To Push Precious Metals Higher [View article]
http://bit.ly/116QgXN
The latest news is that they're going to soften the blow for small savers and take more from the big accounts, but it sounds like they're locked in to the "raid the savings accounts" approach.