streetTRACKS Gold Shares (GLD)

All Comments on GLD

  • 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
  • commenter
    marxbites
    Jul 05 09:29 AM
    My Website
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    Nate - that nails it - FDR WAS a criminal traitor, as was Lincoln, TR, Hoover, Wilson, LBJ, Nixon, Carter, Clinton & the Bush's.

    What IKE and JFK warned of, we have full blown.

    Note that since non-court historians and journalists exposed Wilson's heinous actions of signing the FED & Fed'l Inc Tax in time for fiat financing of our entry into WW1 he promised he wouldn't, was yet another unconstitutional sham for elites to profit and aggrandize power from, like the CW, SpanAm, WW's 1&2, and all the rest. They founded the CFR to counter a like scenario of exposure of the charlatans for the coming planned WW2. Every war was ALWAYS aggitated for by the progressives of BOTH parties, mostly bankers and their shipbuilders and merchants of death cronies. Prohibitionist reformer Jingos ramming democracy down the throats of new markets at bayonet point via the "open door" policy.

    If every Republican utterance of praise for a Hamilton, TR, FDR or Wilson isn't enough proof to reveal the game is rigged, and that BOTH parties are in criminal collusion again and again, well then, we're toast unless we wake up and re-elect no more incumbents - a brutal system enema is waaaaaay overdue - 100years of impaction in the making can be eliminated in just a few election cycles!

    Wouldn't TEA be the perfect symbolic liquid! Flush ALL the bastards out!

    The WHOLE concept of America was freedom FROM Govt - WTF have we done, eh?

    Time to get our limited and nearly cost free govt back so we can once again pursue our happinesses by keeping ALL we earn instead of half, aint it?

    Our soldiers are murdered for corp profits, not for American freedom. The elite ruled overbearing offensive violent empire the founders did their all to warn us against becoming, they use as their own commerce protection racket. Monarchically bent Hamilton was the demon seed statists love to praise too, another banker's boy to do that bastard Morris' bidding, who left gapping holes in our constitution for the purpose of exploiting them. He and his elite Federalists would have had America as just another England & they were in the minority. Jefferson and his majority were ALL against the Constitution of, by and for elites privilege.

    Freedom vs statism is the true battle - not Dem vs Rep cuz their bosses are the same CFR/NWO criminals     Reply
  • commenter
    David Fry
    Jul 05 08:57 AM
    Thursday Outlook: Commodities, Emerging Markets [view article]
    Thanks Blah-Blah, much appreciated. Reply
  • commenter
    Nate C
    Jul 05 01:37 AM
    Vietnam Suspends Gold Imports, Follows FDR's Great Depression Lead [view article]
    FDR was a criminal who robbed people of their wealth (gold siezure, social security) and then created the welfare/slave state we have today. People have become so dependent on the government that they are no longer free, but instead slaves to the almighty state which gives things to people. Reply
  • commenter
    ussmls7
    Jul 04 09:21 PM
    Within 5 Tonnes of a New Record at GLD [view article]
    They are long oil also,they want to milk all they can from working Americans & empty all of the savings & reirement accounts,to make up the never ending losses they are haveing to fund! The Harvard Grads unleased from those schools,used computer generated trade models,only to create a massive night mare for anyone that has to sort out what is what.
    As congress cries foul at speculators,it can be seen,that the naked shorts are active in SLV also!! C-Span was re-airing the Monkie from the CFTC defending the actions within the CFTC,when ex trader,now on the commitity persueing the speculators ask the monkie,what commodites are most likely to be a trarget for specluators? Would it be sugar?No replyed the Monkie,Then the ex trader CM said,Goldmans & the rest of the Wall Street I-Banks cant make money in sugar,is that right? CFTC abouts craps right there,He had just Outed Goldmans by Name!! Lawers were freaked & moved quickly to give the Monkie advice!!His comeback was they were undersaff,& the loop holes that was being exploted.
    The CFTC,Congress,all know the naked shorts is a wide spread practice at Comex,& it's IMO that the ETF's was created for the reason to support price surpression,that just my thinking!
    What will happen when these traders that are useing nothing to trade with(just like the Fed) are caught,then they start singing out names in high places? A major default? This will end,but how & when is one hell of a ????     Reply
Loading...
Symbols:
Authors:
Quick Links: