streetTRACKS Gold Shares (GLD)

All Comments on GLD

  • commenter
    stockerati
    Jul 06 11:58 PM
    My Website
    Gold's Golden Run All Set to Continue [view article]
    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 :) Reply
  • commenter
    Peter W
    Jul 06 09:40 PM
    Gold's Golden Run All Set to Continue [view article]
    Stockerati makes a number of assertions with zero analysis. Speculators are the reason for the run-up in crude? Have you taken a look at the COT? Non-commercials are nowhere near record longs. Oil is in a bubble but will settle in the $125-$140 range? What? If you think there's a bubble you should feel oil is overvalued. Just claiming inflation is rampant means nothing to readers. Back up your assertions with some numbers. "Historically, whenever the market is down investors turn to gold to secure their investments" This is factually wrong. Reply
  • commenter
    EE
    Jul 06 07:15 PM
    Gold's Golden Run All Set to Continue [view article]
    Right on.. but silver is even better. Either way take physical delivery ala butlerresearch.com & silverstockreport.com Reply
  • commenter
    GMiki
    Jul 06 04:58 PM
    PowerShares DB Gold Offers a Sophisticated Strategy to Small Investors [view article]
    Physical is good--to a point. It's also awkward to store and later to sell. Definitely have bullion, but mining shares give you leverage, and GLD and SLV give trading ease. Reply
  • commenter
    thecadean
    Jul 06 03:20 PM
    Dow in Secular Bear Market When Priced in Ounces of Gold [view article]
    No kidding. The US has been in an 8 year Bear market and will most likely continue to fail for the next 8 years. This market correction is in keeping with past downturns that have lasted on average 16 years. the US economy has been living on the expansion of credit. Now credit is contracting back to a more normalized state... SELL SELL SELL Reply
  • commenter
    mkreisel
    Jul 06 12:35 PM
    PowerShares DB Gold Offers a Sophisticated Strategy to Small Investors [view article]
    GLD is kept by HSBC, a bank still in great shape.

    You can always sell GLD once you see HBC drops by 90%.

    Meanwhile, I'm very content in holding GLD. It offers so much more advantage over physical gold.     Reply
  • commenter
    captbob
    Jul 06 11:20 AM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    What can I say??, it's all above.
    Only soon just like the Dong waving your dollars in Public will result in arrest for "Indecent Exposure"!!!!     Reply
  • commenter
    User 86999
    Jul 06 10:45 AM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    An interesting thought from Woodrow Wilson:
    quotes.liberty-tree.ca...

    "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world. No longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and duress of a small group of dominant men."     Reply
  • commenter
    SWRichmond
    Jul 06 08:56 AM
    PowerShares DB Gold Offers a Sophisticated Strategy to Small Investors [view article]
    "Paper Gold" is a conflict of terms, like "political leadership" or "Federal Reserve". There already exists paper gold many times in excess of the total value of real gold that exists on the planet. When market failures begin in the paper markets, will you be able to say "I've got mine!", or will you be left holding a worthless piece of paper, an unfulfilled promise to deliver?

    Real physical gold is the only investment that carries no counterparty risk. It fulfills its own promise. No lawyers or regulators required.

    In an environment where no one knows who is really bankrupt, and where regulators aren't forcing banks, IB's and brokers to reveal their true financial condition, counterparty risk is the phrase that ALL investors need to be concerned about nowadays.

    Always there is the siren song: "It's easy to invest in gold. Just buy this paper! It's just like gold!"

    No, it's not.     Reply
  • commenter
    user222122
    Jul 06 01:52 AM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    DiverCity- The legal tender law in this country is an example of government declaring its monopoly and exerting unreasonable control over citizens- if you want to exchange your services or goods for gold, silver, or, for that matter, gas, there is nothing dishonest or immoral about it- but it is illegal- government wants everything transacted in dollars so that income taxes can be readily established. There was even, in recent hears a proposal by the Treasury Dept. that some sort of chip or other device be incorporated in the currency to render it worthless if not spent in the prescribed period of time. The idea went nowhere, but, having had several English pounds left over from a trip ther years ago was both chagrined and amused to learn that, despite the Queen's promise to exchange the
    note for "pounds" (of what?) they had changed their currency and it was in fact now worthless (a market does exist on Ebay, however- the notes feature the inventor of the steam engine, who deserves a lot more credit than the Queen)
    However, at the same time it is inconsistent in its application- the Federal Reserve Note is supposed to be legal tender for all debts public or private, and yet there are a number of areas, some under direct government control, such as at airports, where the use of cash is prohibited- try buying a ticket there with cash, for example- at least two airlines now refuse to accept cash for drinks on board- a credit card must be used. This fact would seem a legitimate defense if one were to demand other than cash for something owed:if government can decide capriciously when its own laws do or don't apply, the individual is entitled to the same - I recommend to anyone Andrew Dixon White's presentation before Congress, Fiat Money Inflation in France,* which mentions that very issue at the time of the French Revolution. Even as people tried to find ways to protect themselves against raging inflation (caused by deficit spending, just as in today's USA) the government imposed ever more Draconian measures, declaring in the end that requesting payment in other than the official currency subjected the individual to the death penalty.     Reply
  • commenter
    Slosis
    Jul 06 12:47 AM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    It is indeed very disturbing to read this article. Vietnam was desparate, no questions about it. I would tend to think it would have the opposite effect on the price of the gold. Gold should go up higher, now that inflation is so out of control to the point that Vietnam has to do this.
    When the price of gold indeed goes up a lot higher, I am worried that the first thing the US gov may do is to shut down GLD/IAU, because money will be fleeting the stock and bonds markets. That's very possible when gold skyrockets. Extreme times call for extreme measures. May be it is time to own physical gold.


    Reply
  • commenter
    heymrbill
    Jul 05 10:29 PM
    Stay Clear of Traditional Asset Classes [view article]
    "and I want to distance myself as far from that trash as possible. "

    Mike.. I'm a newcomer to SA and after reading your articles here for the past few days I have already decided to "hook my (financial) wagon up to your horse" by continuing to listen to everything you have to say and acting upon your investment advice, at least in the areas that I am familiar with.

    Now you are suggesting that you may bolt from SA and vanish?

    Say it isn't so, or better yet give to those of us who are listening to you (but never comment) and who, like myself are actually putting money down on the guidance you give to us, a way we can continue listening to what you have to say.
    Do you have a subscription newsletter?

    (Bill in Washington, DC)     Reply
  • commenter
    DiverCity
    Jul 05 09:27 PM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    It would, ceteris paribus, reduce demand, jackntx. But all things are not equal. Perhaps the global elites were hoping it would (and might have orchestrated it), but it has not yet had that effect. There likely is a huge black market for gold to Vietnam, what with all the small boats that have access there. Also, artificial demand reduction often has the opposite effect -- prices rise, as there is pent up demand that the market cannot satisfy. This truly was a desparate measure.

    My question is this: if the USgovernment makes it illegal privately to own gold, and other lap-dog countries follow suit, what happens to the price of gold? I invest in gold primarily because I consider it money -- one that preserves wealth. Will it still have that attribute then?     Reply
  • commenter
    kmne68
    Jul 05 03:44 PM
    Dow in Secular Bear Market When Priced in Ounces of Gold [view article]
    icandoitdon,

    Can you set aside your Bush Derangement Syndrome long enough to realize that monetary policy is set by the Federal Reserve and not by the president?

    As for your list of things contributing to our supposed decline (I would suggest you snap out of it and realize we are the U.S. not Europe and we do not succumb to "decline"), it is worth pointing out that a weaker dollar does make our exports cheaper. Not a reason to devalue the currency but you'll live longer if you look for silver linings.

    Free trade does promote world economic growth. To deny this is to deny reality and common sense. Did you build your own car? house? computer? telephone? No, you traded with someone who knew how to do it more efficiently than you. Why would you shut yourself off from other achievers, regardless of what country they achieve in?

    Uhm, low interest rates do promote domestic economic growth. They also lead to a weaker currency. The truth of one doesn't negate the other.

    Budget deficits may not matter, so long as the borrowing is for something worthwhile. An endless war on poverty (aka Great Society) and paternalistic war on personal responsibility (aka New Deal) are not worth borrowing for. Yet most of our federal budget deficit could be wiped out if the Federal government stopped trying to be the man of every house in the country.

    Would you rather fight the terrorists at home? Really? Frankly, I am glad Iraq is acting like a big ole terrorist magnet, pulling all manner of Islamic extremist into the giant meat grinder that is the United States Military. You probably haven't heard (or maybe you are invested in defeat so you didn't want to hear) that our guys are winning over there.

    You can keep blaming Bush for your perceived problems. It isn't going to make you anything but bitter.
    Reply
  • commenter
    jackntx
    Jul 05 12:29 PM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    Sorry for appearing as a novice here, but I have a 'big picture' basic supply-demand question implicated by this article . . .
    Wouldn't the elimination of Vietnamese buyers of gold act as a reduction of demand (from a worldwide point of view), thereby putting downward pressure on the price of gold? In other words, if a class of buyers is removed from a market, thereby reducing overall demand, and supply remains unchanged, wouldn't that (in classical economic terms) work to reduce the price (at least on a short term basis and assuming all other price determinants remain equal)?

    Don't get me wrong, I'm all for a continuing bull market in gold, I'm just wondering how on a macroeconomic scale the Vietnamese prohibition will likely affect the current world gold market.

    Thank you for any help !!!     Reply
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