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Commodity ETFs and ETNs [view article]
Would anyone recommend a livestock ETF or ETN?Taxation as US investor...any opinions? (reading prospectus)
Do these have enough liquidity...I cannot seem to locate avg. volume?
Looking at:
CATL, ETFS Live Cattle...trades on London
COW, iPath Livestock Reply
Commodity ETFs and ETNs [view article]
I'm missing RJI, RJN, and RJZ. ReplyWhere Are Precious Metals Heading? [view article]
What argument, what article, this is just a few quotes from 'experts' I could give you 20 other 'experts' on the other side.Are you just asking the question or do you want to give us your opinion !
Say something............. Reply
Where Are Precious Metals Heading? [view article]
This Thomas Edison Quote Sheds Light on the Money Scam in America.In December 1921, the American industrialist Henry Ford and the inventor Thomas Edison visited the Muscle Shoals nitrate and water power projects near Florence, Alabama.
They used the opportunity to articulate at length upon their alternative money theories, which were published in 2 reports which appeared in The New York Times on December 4, 1921 and December 6, 1921.
Objecting to the fact that the Government planned, as usual, to raise the money by issuing bonds which would be bought by the banking and non-banking sector -- which would then have to be paid back with money raised from taxes, and with interest added -- they proposed instead that the Government simply create the currency it required and spend it into society through this public project.
This Thomas Edison quote made it plain in the following excerpt from The New York Times, December 6, 1921 issue ("Ford Sees Wealth In Muscle Shoals").
Here, the reporter reveals the Thomas Edison quote:
"That is to say, under the old way any time we wish to add to the national wealth we are compelled to add to the national debt."
"Now, that is what Henry Ford wants to prevent. He thinks it is stupid, and so do I, that for the loan of $30,000,000 of their own money the people of the United States should be compelled to pay $66,000,000 -- that is what it amounts to, with interest."
"People who will not turn a shovelful of dirt nor contribute a pound of material will collect more money from the United States than will the people who supply the material and do the work."
"That is the terrible thing about interest. In all our great bond issues the interest is always greater than the principal. All of the great public works cost more than twice the actual cost, on that account. Under the present system of doing business we simply add 120 to 150 per cent, to the stated cost."
"But here is the point: If our nation can issue a dollar bond, it can issue a dollar bill. The element that makes the bond good makes the bill good."
"The difference between the bond and the bill is that the bond lets the money brokers collect twice the amount of the bond and an additional 20 per cent, whereas the currency pays nobody but those who directly contribute to Muscle Shoals in some useful way."
"... if the Government issues currency, it provides itself with enough money to increase the national wealth at Muscles Shoals without disturbing the business of the rest of the country. And in doing this it increases its income without adding a penny to its debt."
"It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people."
"If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold."
"Look at it another way. If the Government issues bonds, the brokers will sell them. The bonds will be negotiable; they will be considered as gilt edged paper. Why? Because the government is behind them, but who is behind the Government?"
"The people."
"Therefore it is the people who constitute the basis of Government credit. Why then cannot the people have the benefit of their own gilt-edged credit by receiving non-interest bearing currency on Muscle Shoals, instead of the bankers receiving the benefit of the people's credit in interest-bearing bonds?"
//////////////////////...
Rothschild Brothers of London communiqué to associates in New York June 25, 1863
"The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages...will bear its burden without complaint, and perhaps without suspecting that the system is inimical to their best interests."
Americans are to soon old and too late smart thanks to govt and it's cheerleader beneficiaries in big biz, media & academe.
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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."
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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