logicalsinger

Indians Are Selling Gold - Is Their Thinking Right?

While your prophecy may turn out to be correct, there is little analysis in this post. You present rising inflation and a continued bear market in stocks as foregone conclusions instead of arguing why events should unfold in this manner.

BTW the poor are never ripped off by the rich. Since they are poor, they have nothing to rip off. Maybe you meant the middle class...

Gold ETFs vs. Fort Knox

Interesting that the amount held by ETFs has gone up 50% in a year. Yet the price of gold has stagnated. Looks fishy.

SPDR GLD ETF Unloads 79 Tons of Gold - Should Investors Follow Suit?

This selloff is all happening on the margin and is therefore temporary. The holdings of all ETFs probably amount to less than $25 billion, which is very very low. Once the forced liquidation by deleveraging hedge funds is over, the dominant news will be about the continued distress in the financial sector and gold will rise again.

Dollar Rally Won't Last Forever; Don't Give Up on Gold

You had a downdraft from people who sold out of commodities funds and ETFs, which created selling in gold. If oil and gold were truly correlated, gold would have gone up between March and July, just as oil did, but it didn't. This is a technical sell-off. One the sector rotation hysteria subsides, gold will likely rise again. And once people face up to the fact that we are only in the 4th inning of this crisis, it will rise again beyond $1000.

Gold Investment Fundamentals and the Transfer of Capital

With CPI inflation at 5% and PPI at 9%, and fed funds at 2%, the case for gold makes itself by itself.

The 'Death of Gold' Revisited

Roland, this is very useful to know, thanks. I just hope we don't see a 58% decline this time, even if it is followed by an 8-fold increase.

Gold as an Investment? Think Again

Yellowstone, "Dr. Gold", I like that, brilliant! When people wake up to the wreckage left by maestro Alan and now mismanaged by unlucky Ben, gold will zoom ahead again.

What’s Behind the Slide in Gold and Silver?

awesome picture of Paulson, Bush and Bernanke! Sums it all up nicely. Wall Street and Big Oil are pleased with the Fed.

Gold as an Investment? Think Again

I will write you from Monte-Carlo while you burn your stock certificates to keep warm :D

Gold as an Investment? Think Again

I don't need to make bullets. Unfortunately, there are already billions of them sitting in the world's military arsenals. I would venture a guess that there are several thousand bullets sitting in crates around the world for every man, woman and child living today. Not to mention that sadly, there are more efficient ways for armies to kill today.

Re the total quantity of gold, you are wrong. There are many estimates, many of which indicate all the gold ever mined would fit in a cube 100 feet x 100 ft x 100 ft. No one knows for sure, but if anything, 3 football fields is on the high side. The total gold ever mined is estimated at 145,000 tonnes, equal to $4 trillion in value for gold at $1,000. Note in comparison that the S&P 500 has a total market cap of 12.6 trillions. So imagine the flight to gold that may take place if the equity culture vanishes for 10 or 20 years.

Finally, gold is one of the few things that are indestructible. Rare, indestructible, and also pretty to look at. Much better than most stock certificates :)

Gold as an Investment? Think Again

The lead argument is silly. There is plenty of lead around whereas ALL of the gold EVER mined probably fits on 2 or 3 football fields.

Gold as an Investment? Think Again

The main weakness of your article is that your opinion is highly influenced by the last 30 years, a very short period in human history which was very unique. Your optimism is also conditioned by the last 30 years with its technological advances, peace etc. There were unfortunately many many darker periods in human history. There are many extreme challenges ahead in terms of peace, economy etc. and gold will probably hit $2,000 before the year 2015 in my view.