Hugh

'Gold as Money' Means a Potentially Massive Rise in Valuation

Gold is used in electronics. It is found in computers, satellites, etc. I expect that the government might someday declare gold to have "stategic importance," so that the confiscation of gold will have a patriotic overtone, one that will be hard to resist. If you don't turn in your gold, you will be the enemy.

In this case, one would be hard pressed to find someone to trade with.

Short Term Warning for Gold Bugs

There are just too many variables involved for anyone one the planet to really know what is going to happen in the short run to the gold market, or any commodity for that matter. Charts are only history, and are little better than tea leaves.

Gold is easily moved in either direction by factors outside the gold market itself.

A "contrarian bearish reading" is nothing more than a "mainstream bullish reading."

All of the charts ever created, and all of the talk ever uttered, will never replace the fundamental fact that paper money has no backing.

Gold is Money - And Nothing Else

What is special about $1034?

Quote: "If tonight you curse gold, keep this in mind when it crosses$1034, and please leave never to return."

And, what kind of crap is this???

Gold is Money - And Nothing Else

"Gold is a currency, not a commodity."

Not true. Gold is a commodity that has been used for money for thousands of years, just as salt has been used as money. If one said, "Salt is not a commodity but money," the kookieness would be the same.

Gold is a commodity money. One of many.

There is a term: "Money Crank." Some people can go overboard.

James Turk on Gold: The Ultimate Inflation and Catastrophe Hedge

Turk, speaking of gold says:

"... it is money that doesn’t have counter-party risk. In other words, you’re not reliant upon someone else’s promises for the value of that wealth..."

The problem I see here is that one is in fact reliant on the promise that his company, "Gold Money" does in fact have the gold in a vault somewhere, that the gold is pure and not debased with another metal, that the banks who own the vaults are honest, that the government will keep their word and not seize the gold on a political whim, that those doing the counting are telling the truth...

There is risk, there are promises.

Gold’s 'Grand' Illusion

if gold id a 'Grand' Illusion," it has been a grand illusion for 5000 years. I doubt a poorly thought-out and poorly written hit piece will change that fact.

Gold: The Last Cheap Asset Class?

What the spike of 1980 tells us is that a very, very, very small number of people had a vision of the future that lasted a very, very, very short period of time.

What this all means is that the spike was meaningless.

Gold: The Last Cheap Asset Class?

I'm sick of hearing about the very, very short lived spike to $850. Seems like everyone keeps returning to this novelty as though it has meaning.

The fact that it didn't last more than a day or so proves that it has no meaning.

What gives a price meaning is SUPPORT. If, in 1980, the price of gold held $800-900 for several months, then, and only then would it have meaning.

Also, the idea that gold will return to the $850 price in real dollars, (inflation adjusted) is without any merit. A one day spike (or was it five minutes?) 28 years ago tells us zero (nothing, zilch) about what the market will do tomorrow or next year.

Come on, get real.

John Lee Responds to Nobel Laureate Stiglitz's Subprime Thesis

The "libertarian free market philosophy," is based on a moral principle rather than an economic one. The concept is that one man has the right to trade with another without government interdiction. If one man is in China and the other in America the principle still applies.

Value of Gold Over the Ages

I would like to see the world's population plugged into the figures.

Are Central Bank Gold Reserves Vastly Understated?

The decades old idea that the sentiment of the man on the street in America has the ability to greatly move markets is dead. There are now billions of other people in other cultures that have disposable incomes. We have little insight into their minds. Any reference to the "psychology of the gold market" is therefore becoming more and more spurious.

Americans are only 5% of the world’s population. Get real.