Sustained civil unrest and mobs in the streets is probably not a great probability in this country. We have a history of not tolerating anarchy. If law-enforcement or martial law doesn't bring things under control, vigilanteism (the good kind) will. We, as a people, just don't tolerate mob rule. And we can be pretty ruthless in putting it down. So to would-be rioters in times of economic turmoil, watch out. Think Texas!
Gold Well Supported with Sound Fundamentals
[View article]
What nonsense. Get a life, This is supposed to be a serious site.
On May 01 03:48 AM SOMALIA! wrote:
> Nice photo. > But suit is cheap for your caliber in finance. > I never wear a suit since 18, but wherever I do business such boys > like you run around me with their suites, it looks funny. > I come to the bank or broker in Frankfurt, Zug with Paul&Shark > shirt (maximum) or T-Shirt, We Are Replay jeans, YSL loafers, Diesel > belt and of course unshaved, all this boys stressed surrender to > all my demands. > It should be the opposite, in theory. > But in reality T-Shirt rules the tie ans suit.
Inflation is gradually moving up. Gold will move up with inflation unless the age-old paradigm changes, and there seems to be little chance or reason for that.
Stocks Soar on Positive Bank Reports [View article]
Real profit this early for a bank that took government bailout funds is ludicrous. It is pure manipulation of figures. How stupid do the banks think we are?
What if You Don't Trust the Government with Your Portfolio? [View article]
Yes, there is no question that the government caused the housing bubble which constitutes the broken keystone that has brought down the rest of our economy. And the government has no more ability or expertise to fix the economy than it had to moderate the housing market. Heaven help us!
What's Going on With the Dollar and Gold? [View article]
Is Gold overbought? With the ETF vaults full and the markets so volatile, any shock to the system could trigger a selloff - or a buying surge. Who knows?.
> isn't owning in GLD or IAU akin to owning a gold-backed currency? > The shares of the two ETFs are readily tradable, as would be a gold-backed > currency. True, it isn't a universally tradable as dollars, but those > who own GLD or IAU really have paper that says it is backed by gold > just as a gold-backed currency is paper backed by gold. > > It looks like the free market is responding to a demand for gold-backed > paper 'money.'
To question the intrinsic value of gold does not even compute. It is valuable primarily because of its scarcity and indestructability, not to mention its having been THE universal medium of exchange since at least the Bronze Age. Short gold at your risk, not mine. You can play with its fluctuations in value but not its persistent basic value through good and bad financial times.
Deflation or inflation? Granted, no one knows. But one thing is becoming apparent: the gov't bailouts, stimulus plans, etc. are essentially trying to replace the monstrous paper losses of the last year or so, and this obviously cannot be done because the gov't can't effectively put that much money back into the free-market system. Hence, deflation has the edge - at least in the near future. Like all things in finance, however, it's dynamic and a matter of timing, isn't it?
A Complete Guide to Precious Metal ETFs [View article]
Not All Gold ETFs Are Created Equal [View article]
If Gold Bugs' Fantasies Came True [View article]
Gold Well Supported with Sound Fundamentals [View article]
On May 01 03:48 AM SOMALIA! wrote:
> Nice photo.
> But suit is cheap for your caliber in finance.
> I never wear a suit since 18, but wherever I do business such boys
> like you run around me with their suites, it looks funny.
> I come to the bank or broker in Frankfurt, Zug with Paul&Shark
> shirt (maximum) or T-Shirt, We Are Replay jeans, YSL loafers, Diesel
> belt and of course unshaved, all this boys stressed surrender to
> all my demands.
> It should be the opposite, in theory.
> But in reality T-Shirt rules the tie ans suit.
Is the Recent Gold Rush Over? [View article]
Stocks Soar on Positive Bank Reports [View article]
What if You Don't Trust the Government with Your Portfolio? [View article]
Keep an Eye on Individual Gold Stocks [View article]
Gold Set to Rise Even Higher [View article]
What's Going on With the Dollar and Gold? [View article]
Cramer's Stop Trading! Casinos a Risky Bet (1/30/09) [View article]
Gold Loses Its Shine [View article]
On Jan 12 12:49 PM bowman711 wrote:
> isn't owning in GLD or IAU akin to owning a gold-backed currency?
> The shares of the two ETFs are readily tradable, as would be a gold-backed
> currency. True, it isn't a universally tradable as dollars, but those
> who own GLD or IAU really have paper that says it is backed by gold
> just as a gold-backed currency is paper backed by gold.
>
> It looks like the free market is responding to a demand for gold-backed
> paper 'money.'
Gold Loses Its Shine [View article]
Enlightening the Gold Bugs [View article]
Gold Equities Should Reward the Patient [View article]