GaryD

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    • Thu Dec 6th 00:55 AM | Rating: 0 0
      Commented on:
      Goldman's Golden Message: Time to Short the Shiny Stuff
      I agree that GS makes a habit of putting out misleading reports. Their SIV dealing would be criminal if they weren't so well connected. I'm still worried about gold, though. The central bankers and affiliated banks like GS have a vested interest in manipulating gold's price. It wouldn't surprise me to see them drive gold down by, for example, dropping the lease rates on gold. They did this in October and November. I firmly believe that gold is an excellent long-term insurance policy on my money.
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    • Mon Oct 22nd 02:23 AM | Rating: 0 0
      Commented on:
      What's So Important About Global Stock Market Valuations?
      Is that data accurate? South Korea looks odd...
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    • Mon Oct 22nd 02:23 AM | Rating: 0 0
      Commented on:
      What's So Important About Global Stock Market Valuations?
      Is that data accurate? South Korea looks odd...
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    • Thu Sep 27th 17:12 PM | Rating: 0 0
      Commented on:
      Dollar Decline: The Phantom Menace
      These are all excellent questions. I look forward to reading the follow-up posts. My own feeling is that the US currency won't collapse, but I do worry that China and the Arab countries may allow the US currency to drop very low for a brief period of time so that they can pick up US assets on the cheap. I'm not sophisticated enough to be able to pursue this thought much further. I do know that I am not at all happy that a communist dictatorship that is inherently hostile to American principles is holding onto 1.3 trillion in US currency, or that Kuwait and Saudi Arabia have abandoned their dollar pegs.

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    • Mon Sep 24th 13:36 PM | Rating: 0 0
      Commented on:
      The Oil Price Denomination Fallacy
      It isn't that the value of gold (which you fail to mention) or oil or euros is going up, it is that the value of the US dollar is going down. This is due to excessive money creation policies of the federal reserve and the US congress.

      This excessive money creation does make us poorer and does make oil more expensive to those who purchase it in $US. It is relevant.

      Having oil and other commodities, goods and services denominated in US dollars is a huge strategic advantage for our country since it helps to sustain our currency as the main reserve currency of the world. We benefit immensely from this position of privilege and it should not be taken for granted or interpreted as some kind of birthright.

      The world is clearly anxious about the current direction of US policy and is searching for a non-gold monetary replacement for the US dollar. It probably won't be the euro (the Europeans are as arrogant as our own fed, if not more so), but I doubt that there is absolutely no possible alternative currency and that they will be forced in perpetuity to accept an inflationary currency in exchange for their limited commodities. The more the fed and congress abuses our currency through bailouts, phony inflation statistics, and artificially low interest rates, the more likely is the scenario of an alternative reserve currency emerging.
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    • Tue Aug 21st 15:18 PM | Rating: 0 0
      Commented on:
      Global Gold Demand Surges- Except In the U.S.
      Malkiel,

      Approximately 60% of all the gold ever extracted from the earth is held by the US Federal Reserve. It is held there in the event of a crises in confidence in US currency (ie as an alternate hedge form of currency). Are you saying that the US is not an advanced industrial society? That is quite an assertion.

      Also, the US is the third largest market for gold jewelry in the world. If it is true when you state that gold is:

      "only selling well as a commodity in places where women aren't liberated, meaning that the gold jewelry trade (a vestige of marriage customs based on dowry) still thrives... "

      and America represents a large portion of the demand for jewelry, then it must also be true that American women aren't liberated and that there exists vestiges of marriage customs based on dowry in the US. This is a fascinating point of view that I have somehow never been exposed to before.

      Thanks so much for your educated and well informed opinions on this subject. I am grateful that the Internet allows me to see such wonderfully well researched and thought out arguments such as the one you have posted here.
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