PowerShares DB Silver Fund ETF (DBS)
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- The Rebirth of Gold and Silver? [view article]
- Is Silver Finally Starting to Catch Up with Gold? [view article]
- Most Overbought and Oversold US ETFs [view article]
- Commodity ETFs and ETNs [view article]
- Where Are Precious Metals Heading? [view article]
- Sean Rakhimov: 3-Digit Silver Ahead [view article]
- Managing Duration for Commodity Funds: Which Strategy Is Best? [view article]
- Metalline Mining's Silver Lining [view article]
- ETF Update: Bearish Dollar, Biofuel ETFs, Gold and Silver ETFs [view article]
- The 3 Wisemen: Silver, Sugar and Soybeans [view article]
- Not all Metals are Created Equal (Part I) [view article]
- How Are Commodity Funds Performing YTD? [view article]
loading ...Recent DBS Articles
- The Rebirth of Gold and Silver?
- Most Overbought and Oversold US ETFs
- Where Are Precious Metals Heading?
- Managing Duration for Commodity Funds: Which Strategy Is Best?
- This Week's Commodity Snapshot
- Sean Rakhimov: 3-Digit Silver Ahead
- ETF Update: Bearish Dollar, Biofuel ETFs, Gold and Silver ETFs
- The 3 Wisemen: Silver, Sugar and Soybeans
- Not all Metals are Created Equal (Part I)
- How Are Commodity Funds Performing YTD?
- Full List of Articles »
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Where Are Precious Metals Heading? [view article]
henarl"If there is no longer a viable government, gold will be worthless. Nobody will be willing to take your gold in exchange for food, clothing, weapons, or any other necessity of survival There will be no "money", only barter"
Gold and silver have always been viable commodity money of intermediary exchange freely chosen by traders over millenia as being the easiest to spot the depredations of king's and tyrant's attempts to clip or debase it.
Not to mention gold/silver's divisibility, high worth/weight, homogeneity, relative scarcity and low annual production usually lower than economic growth, and ergo enjoys growing purchasing power instead of fiat which depreciates our buying power.
My new 1972 VW was $1,989.00. A 1960 3/2 w/pool in Miami was $19K and today would be $200K.
Is it perfect? What is? But Gold & Silver money are what works best for trade and work best at restraining evil bankers and govt always out to rob the people via interest and inflation.
For the straight skinny on money & the FED:
Second Look at the Federal Reserve by Edward Griffin 1 of 7
www.youtube.com/watch?... Reply
Where Are Precious Metals Heading? [view article]
Alan Greenspan - “Gold and Economic Freedom” 1967"An almost hysterical antagonism toward the gold standard is one issue which unites statists of all persuasions. They seem to sense – perhaps more clearly and subtly than many consistent defenders of laissez-faire – that gold and economic freedom are inseparable, that the gold standard is an instrument of laissez-faire and that each implies and requires the other. . . . This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights."
Thomas Jefferson
"If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered."
"The condition upon which God hath given liberty to man is eternal vigilance; which condition if he breaks, servitude is at once the consequence of his crime, and the punishment of his guilt."
Reply
Where Are Precious Metals Heading? [view article]
"For the average person cash is a safer, more reliable position in a bear market. Gold today is 4.4% lower than it was on July the 15th. Cash is still the same value."Paper dollars losing value by the day due primarily to government mis-management, inflation, war and being printed out of thin air. Comparing fiat paper money to what the world has used as a secure store of value for oh what? Maybe 5000 years or so?? IS NUTS and if you can't see the insanity of your ways then maybe a dollar collapse (which IS coming) will wake you up. Trouble is by then, soon as YOU see what's happening, it'll be too late. Good luck!! If you're setting on a bunch of greenbacks, YOU'LL NEED IT!! Reply
Where Are Precious Metals Heading? [view article]
Bearfund:If cash is a lousy investment and gold = cash, then gold must be lousy investment. Because gold is a commodity it is an unreliable proxy for cash. It is subject to supply and demand and is only worth what someone is willing to pay for it at a particular time. It is highly volatile over short periods of time and unrelaible over long periods of time. Yes, the example posed is extreme, but it is also real. By 1984 gold had declined to $331/oz. In December, 2002, gold was still only $346/oz. Cash invested at 4% interest would have yielded $668 in that time frame. Bread doubled in price in that same time frame. If bread could have been preserved, bread would have been a better investment than gold for those 18 years. A buyer of gold in 1984 would not have had parity purchasing power until 2007. 23 years is a long time to wait to get even. Neither the dollar, nor gold has any particular value except what it can be exchanged for. Money can be made in gold by some, by just plain luck in timing and by some pros with a good timing system and instant information. For the average person cash is a safer, more reliable position in a bear market. Gold today is 4.4% lower than it was on July the 15th. Cash is still the same value. Reply
Where Are Precious Metals Heading? [view article]
If everything really goes to Hell, the government will outlaw financial substitutes for gold and confiscate physical gold (again). If there is no longer a viable government, gold will be worthless. Nobody will be willing to take your gold in exchange for food, clothing, weapons, or any other necessity of survival There will be no "money", only barter. ReplyThe Ponzi
Scheme
Would Last?
Where Are Precious Metals Heading? [view article]
Gold has not reached the panic stage of ownership. See you at 3k/oz within 5 years. ReplyWhere Are Precious Metals Heading? [view article]
There is no question whether gold should rise on a fundamental level.The cost of a slice of pizza has risen more over the years due to dollar dilution than gold has.
But yet gold is fairly priced/overpriced?
The real question is how long can the gov't. keep printing money and still retain credibility.
No longer?
Another year?
Another ten years?
Nobody knows.
How can you keep bailing out financial entities for countless billions of dollars , fund social security , medicare/medicaid , and the myriad of other government expenses (including interest expense)
and just keep on truckin?
Anybody see the vertical increase in gov't. spending and borrowing over the last decade?
How do you justify that without an income equivalent?
But nonetheless , though the goldbugs (like me!) are fundamentally correct , (Larry Kudlow notwithstanding) ,
the real question is the timing , and being correct on the fundamentals but a decade or more off on the timing of how long a long term powerful government can keep on chooglin' on fumes could possibly be tantamount to being wrong "As Time Goes By". Reply
Where Are Precious Metals Heading? [view article]
Good piece. Tough call at these levels, especially with the seasonality evident here. Adam Hamilton had a good piece on the topic on greenfaucet yesterday.www.greenfaucet.com/co... Reply
Where Are Precious Metals Heading? [view article]
Tip o the hat Bearfund, you've got it down.Your comments more succinct that the article, I've nothing to add--Cept. for you non-believers the alternative to gold used to be real estate--kind of took that one away didn't they?? Where you gonna park all your fiat dollars now?? farmland might be a good second choice. Reply
Where Are Precious Metals Heading? [view article]
CLH, let me put another scenario on the table. The Euro, yen and dollar are all paper and they are all falling against commodities. One piece of paper can look better against the others on the way down, but the direction is clear. Gold is not moving contrary to just one of these fiat currencies. Gold is moving higher against them all. So is oil for that matter, or sugar or copper.The DXY is still weak, still below the 200 day simple moving average and that's compared to other weak currencies.
Paulson is going to have to buy assets from fannie and freddie. The FDIC is going to need more money. They just took over 2 more banks this weekend. There are over 90 more banks that they admit are in trouble. Since they failed to see Indymac "troubled", how many are there really?
The dollar is going to fall against gold, even if it rises against yen or euros. Nothing fundamental about the dollar has improved. The trade, treasury and current account deficits are all getting worse. Can the world continue to loan the U.S. ever increasing amounts of money? Will they?
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Where Are Precious Metals Heading? [view article]
phillips, suppose that instead of selling (say) $10000 in 1979, he had sold $75 a month for gold every month for the past 29 years (which is probably not far off a curve that would have $0 left now if it had sat in a savings account since then). This is what I mean by pricing everything in gold; use it as your functional currency by exchanging dollars for it continuously. Then there is nothing to time.Instead of comparing gold vs. cash to DJIA vs. cash, you want to compare DJIA vs. gold (your cash). Was the former a good investment since 1979? Again, it depends on timing. If you simply bought and held for 29 years, yes. Then again, investing is in part a timing exercise, too - you'd have done twice as well if you'd gotten out of stocks and into cash in 2005 (maybe sooner; the oldest comparison chart I can readily obtain does not go back any farther) - see stockcharts.com/h-sc/u...=$INDU:$GOLD&p=W&a...
Gold is money, cash. Cash is normally a lousy investment. It's a great place to put your assets when, as now, most other asset classes are in bear markets. But there is no denying the power of the humble save-and-invest plan, in which you save a fixed part of your income every month (in gold, of course, because that's what we mean when we say cash) and invest part of your savings on a regular basis when conditions are favourable or we have a particular name or set of names we like. There is no timing at all of gold vs. dollars in this scheme; gold is simply our functional definition of cash. You can employ timing when choosing to invest if you wish, use technicals, look for value or growth or any other investing style you prefer.
In the long run, investments - assets that produce something - will outperform cash. If not, there is no economy and we will all have to go back to farming. But every investor should always have a little cash on hand to take advantage of opportunities that come along, and when conditions begin to appear unfavourable for investment - as they have since 2000-2001, it is wise to increase one's allocation of cash at the expense of stocks, especially those that are overpriced. That is where gold comes in - you'll do better with your cash position in gold than you will with your cash position in dollars. You cited an example in which bad timing made that supposition false. I'll take a longer-term view: the price of dollars in gold has only floated since 1971, so it's not terribly interesting to look at the purchasing power of gold vs. dollars before that. How many dollars would you have today if you'd put $35 in a savings account in January 1971? It would have to have been one hell of a savings account - you'd need to have earned 9.3% per year to preserve purchasing power more effectively than gold.
The truly astonishing thing is that even before 1971, when the dollar and gold were one and the same, banks actually paid interest on savings accounts. Can you imagine earning 3% interest, in gold, on your gold? No wonder they call them the good old days. Reply
Where Are Precious Metals Heading? [view article]
Ownership of gold as an inflation hedge has everthing to do with timing, hype and fear and little to do with reality. Let me explain. My dad bought into the the sky is falling, everything is failing in 1979. He bought gold at $750 an ounce. ( I inherted it ) To have the same buying power today, gold would have to be 312% more than what he paid for it, assuming 4% compounded inflation a year. (1.04) to the 30th power, or $2340 per ounce. It hasn't even come close. In the same time frame the Dow Jones industial average has risen from 830 to 11000 or 13 times. The same investment in the Dow would be worth $9,750. The Dow may be ugly at the moment, and it has certainly been ugly in the past, but the history of sound investing is on it's side. ReplyWhere Are Precious Metals Heading? [view article]
Agree with CLH. The bloom is off the rose for gold, barring some geopolitical cataclysmic event, America will bumble it's way through the housing and debt crisis, because they are pro-active, especially in election years. The dollar will gradually go up, and interest rates will rise in the US and go down in Europe. Where is the catalyst for gold, except as a small % of your portfolio for the unknown. ReplyWhere Are Precious Metals Heading? [view article]
I was in gold for 7 years but am out now. Gold goes up because of a weak dollar. I believe the dollar has bottomed. As the euro goes down the dollar will continue up. The dollar is turning now and turning points are difficult to see but this looks real. ReplyWhere Are Precious Metals Heading? [view article]
i enjoy watching the reaction to articles on gold. my theory is that the many of the gold boys envision a currency which is based on something tangible with intrinsic value (gold), and the anti-gold boys see this as ignorant. everyone seems to be in one group or the other.the purpose of these articles are to enlighten us with data so that we have an understanding of the potential currents which will impact the price. this is not an emotional topic, to me gold is no different than copper or bonds.
on this point this article is useless. i don't care about opinion when the person being quoted is not the one who influences the market. gee, the price is going up? since i can remember, the gold pushers been saying gold is going up. never have i heard them once saying gold is going down. their opinions on forecasting price increases have lost validity.
some data to support your opinion please!
Reply