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- Where Are Precious Metals Heading? [view article]
- An Open Letter to the Plunge Protection Team [view article]
- Buying Gold for Oil Like George Soros [view article]
- Bespoke's Commodity Snapshot (7/23/08) [view article]
- Gold-Oil Ratio Weekly Status Update [view article]
- Gold & Silver Have Shiny Futures [view article]
- Managing Duration for Commodity Funds: Which Strategy Is Best? [view article]
- Energy and Metals Charts [view article]
- Gold and Silver Sparkle During Rough Week for Markets [view article]
- Thoughts About the Current Bear Market Among Junior Miners [view article]
- Lawrence Roulston: Gold Prices Will Trend Higher [view article]
- The Gold-Oil Ratio Approaches All-time Lows [view article]
loading ...Recent IAU Articles
- Where Are Precious Metals Heading?
- Bespoke's Commodity Snapshot (7/23/08)
- Buying Gold for Oil Like George Soros
- Gold-Oil Ratio Weekly Status Update
- Gold & Silver Have Shiny Futures
- Managing Duration for Commodity Funds: Which Strategy Is Best?
- Energy and Metals Charts
- Thoughts About the Current Bear Market Among Junior Miners
- Gold and Silver Sparkle During Rough Week for Markets
- Asset Class Performance in 2008
- Full List of Articles »
Where Are Precious Metals Heading? [view article]
The best read on the market is Rob Ivanoff at wallastoninvestments.c.../ ReplyInvestor
Where Are Precious Metals Heading? [view article]
Yet again I see an article about gold which doesn't mention main consumer: India. I wonder, why? And why this article is worth anything? ReplyWhere Are Precious Metals Heading? [view article]
Did I miss an economic recovery? A rise in rates? Lower inflation? World peace--thank God. ReplyWhere Are Precious Metals Heading? [view article]
The best way to think about gold as an asset is to call it cash and measure everything else you buy, sell, or trade in gold (use a moving average to smooth it out). That's what every human with any money whatsoever did for the better part of 3000 years, and it greatly clarifies pricing trends in everything from currencies to computers.For example, it is possible for prices measured in paper to rise rapidly while they are falling when priced in gold. That's exactly what stagflation is - deflation in real terms owing to weak demand combined with the printing of more money to chase the fewer goods the weak economy produces. For those of you keeping score at home, gold has "risen" in dollar terms at a 3-year annualized rate of around 27%. Shadowstats' "old CPI" US dollar price index rose at an annualized rate near 11% in the same period. What this means is exactly what I just described: the purchasing power of an ounce of gold has risen while the purchasing power of a US dollar has fallen. Expect this to continue for some time. The relative performance of gold's purchasing power and some other asset's provides a good way (a better way, to my thinking, than paper-denominated charts) to evaluate investments or trades - including speculation in paper money. Reply
An Open Letter to the Plunge Protection Team [view article]
Dear Rambling Idiot,I've read plenty of Ron Paul, so don't lecture me, dude.
Thanks especially for the CAPS LOCK EMPHASIS. I really highlights the POINT that you don't know ANYTHING.
Trust me on this, your post shows a complete lack of COMPREHENSION from one paragraph to the NEXT (I hope for your sake that you're drunk), so it really doesn't matter what you think you've read....
Keep mashing those keys though, if you keep at it you may eventually produce something coherent. Reply
Where Are Precious Metals Heading? [view article]
The numbers given in this article are baseless. No references, no links, no backup."Demand was way down" REALLY? How about "Demand was strong".
And all the Eurobanks selling HUNDREDS of TONNES of gold every year, supposedly. And they do this for decades already. REALLY?
That means HUNDREDS of CUBIC FEET of gold flowing out the Eurobanks? YEah, right.... Reply
The Ponzi
Scheme
Would Last?
An Open Letter to the Plunge Protection Team [view article]
"I am conflicted because gold by it’s nature, is anti-growth, and doesn’t really help anything. It doesn’t build better infrastructure or create jobs."Gosh, where to start. Do you think that trading stocks speculatively "causes" growth?? Dude, stock speculation is a pyramid scheme based on greater fools theory with some pompus structure wrapped around (brokerages, metrics such as P/E, P/S, etc.) it to give it an air of civility and credibility. Unless you are value investing, in other words, unless you are investing in dividend bearing stocks, then you are SPECULATING and that is a win-lose greater fool scam, PERIOD. Win lose is unsustainable because sooner or later the winners will have all the money and the losers will be broke. A sheeple can only be sheared so closely.
Today's stock market, which is mainly a speculation (gambling) tool, does not create value, it just redistributes it from the dumb money to the "smart" money. When stocks rise exponentially (like the Dow has over the past 10 years) it is not the creation of additional value but rather a measure of exponential inflation of the money supply which was done by fractional reserve banks creating credit from thin air which eventually found its way into every nook and cranny of our economy.
Anyone who doesn't understand that this must deflate now that credit is being withdrawn from the market at warp speed is going to get seriously disfigured by the markets over the next 2 years.
Let me put it a different way. The stock market has not created any value. The share prices are higher because the federal reserve has hollowed out the dollar and given part of it back to the economy and thus back into stocks. You have LESS value in the markets than 10 years ago and that is readily seen by looking at the chart of the Dow priced in gold instead of the dollar.
Despite appearances, nobody is making any value in the markets. They are simply getting taxed on the inflation of their dollars. They buy the shares for price A. Price A would be able to buy a certain amount of stuff (food, gas, clothing, gold). While invested, the dollar gets hollowed out by the fed (actually, the past actions of the fed at this point) and then back into the market which is used to buy more shares. Shares appreciate to price B and the sheeple think they have gotten ahead (received additional value). They sell the shares for price B. You pay taxes on A-B even though price B buys the same amount of stuff that price A did originally. YOU MADE NO VALUE. Instead, you just paid taxes on inflation.
How does it feel now that you know just how badly you have been getting scammed?
If you want to STORE wealth choose physical gold and silver.
If you want to INVEST then buy shares of equities which pay dividends greater than the rate of inflation. Same for bonds but you get the coupon instead of a dividend. Good luck finding a company which does this while at the same time not being a great risk to your principal.
If you want to SPECULATE and GAMBLE that you can find a greater fool to buy your shares in a bear market, buy most stocks.
If you want to figure out how much you really don't know about money and the economy, go read up on Ron Paul. He will open your eyes regaring the scam which is fiat money and the fractional reserve banking system. Reply
Where Are Precious Metals Heading? [view article]
Eurosystem banks are selling 500 tonnes of gold per year. India has cut purchases by 55%. Yet the price is over 900 bucks an ounce still today. Gold is up 43 dollars in the last 30 days despite the sell off and it's up 254 dollars year over year. Perhaps the smart money is hedging their inflation risk. There seems to be quite a bit of inflation coming down the 'pike now. Investment demand for gold dwarfs the jewelry demand. ReplyWhere Are Precious Metals Heading? [view article]
gold, zzzz........ Replyom
Buying Gold for Oil Like George Soros [view article]
Historic ratios aren't complete garbage, but they are not fundamentals. The fundamentals of future demand and supply determines price. The X factor is human emotions of fear and greed. The parabolic rise of oil indicates the latter. Position- short crude oil, short China, long CSC, and looking to short financials on 200 MDA test. ReplyWhere Are Precious Metals Heading? [view article]
Gross Profits: Maybe just as good as your "useless" comment.The gold bugs see the commodity go over $1,500 in one year and anyone who dares a contrarian position is the subject of their wrath. Jim Sinclair (JSMineset.com) will even bet $1 million dollars with you, just in case you haven't heard their bullish predictions loud enough.
I own gold stocks myself as a hedge, but I can understand the article's argument that 2/3 of gold commodity demand is down 55% and that "may" put downward pressure on the price (sorry gold freaks, just a different view. Wrong, perhaps, but just a view).
Good article. Reply
Profits
Where Are Precious Metals Heading? [view article]
Useless article ReplyAn Open Letter to the Plunge Protection Team [view article]
OK, so one has now gone mostly to cash (with some GLD, CEF and SLW) and those dollars are sitting on the brink of a downhill slope.... (precipice?)Converting low six-figures into physical metal has practical impediments to say the least, not the least of which, the tax consequences...
What's a safe haven?
e.g., distributing over multiple foreign currency etf's?
I'm fresh out of ideas
Reply
Bespoke's Commodity Snapshot (7/23/08) [view article]
What declines? Producers are still playing catch up to last year's increases.only one of the above charts is lower year over year, the wheat contract only provides 7 months of activity. Reply
Buying Gold for Oil Like George Soros [view article]
I would say that $145+ oil more accurately reflects the 'new economy' demand for oil and the debasing of the dollar (inflation) than does gold under $1,000/oz. It is well documented that gold is being artificially kept low. In the last reporting period, for example, every single open interest long position was matched by a naked short position by someone (or a group of the bullion banks).When dollars are created by fiat, each dollar is reduced in value. Likewise, when gold is 'created' by naked shorts, each real ounce of gold is devalued.
If you have an economy made up of just 1,000 oz of gold, and another 1,000 oz is 'created' by naked shorting gold (creating a contract for gold that does not exist), you now have on paper 2,000 oz of gold, but still only 1,000 oz of real gold. So, the 'price' of gold is effectively cut in half. Reply