Gold: Supply and Demand Continues to Evolve [View article]
The date is November 21 2009.
We believe that the USA is about half way through the stock market correction now. The correction started in November 2007 will last 3 years to November 2010.
Using history as a guide, as in the last resection, the USA stock and real estate markets should have a second price drop in 2010.
If so, what would a USA investor do with her/his funds in 2010?
Buy stocks and loose money, but real estate and loose money, or buy gold derivatives and make money, .
Do not buy bonds as they will lose money in the future when interests rates rise due to inflation.
Yes, the Government explodes the money supply until it produces inflation and asset prices stop falling.
Swiss banks will die off as the yeas go bye. Their country was a fortified stronghold before the age of rockets and nukes. It is no more.
UBS has made an attempt to become a modern international bank. It can not do it for many reasons chief amoung which is the inability of the Swiss nation to pony up the money to keep them solvent in credit crises such as the current one which will last through 2008, 2009, 2010, 2011 and 2012.
Never quote a banker particularly a Swiss one as all bankers are self serving, miss educated, pitch persons who will be long gone with the clients money when the chickens come home to roost.
Why would anyone believe someone who's pitch is "give me your money and I'll make you rich"?
Is It Safe to Take a Dip in the Gold Pool Again? [View article]
We are long gold stocks and also copper stocks. We believe there will be a move to cartel formation in those industries. We also believe that this is the right part of the business cycle to be long them to mid 2010.
We are short financial stocks and some electronics stocks until late August 2008.
We fit our investments to the business cycle which we think is a repeating process. Perhaps you do too since we seam to agree.
These are not recommendations. See your investment adviser before making investment decisions.
Gold: Supply and Demand Continues to Evolve [View article]
You are correct and have stated what I was trying to say.
To me miners common stock shares derive their value from the price of gold.
Other so called derivative, puts, calls, hedge funds are ways to loose money to their operators fast and certain.
I am nerves about owning physical gold as it was confiscated by the USA Federal Government in the 1930's.
Good luck.
Gold: Supply and Demand Continues to Evolve [View article]
We believe that the USA is about half way through the stock market correction now. The correction started in November 2007 will last 3 years to November 2010.
Using history as a guide, as in the last resection, the USA stock and real estate markets should have a second price drop in 2010.
If so, what would a USA investor do with her/his funds in 2010?
Buy stocks and loose money, but real estate and loose money, or buy gold derivatives and make money, .
Do not buy bonds as they will lose money in the future when interests rates rise due to inflation.
Yes, the Government explodes the money supply until it produces inflation and asset prices stop falling.
.
UBS Lowers Gold Expectations Again [View article]
UBS has made an attempt to become a modern international bank. It can not do it for many reasons chief amoung which is the inability of the Swiss nation to pony up the money to keep them solvent in credit crises such as the current one which will last through 2008, 2009, 2010, 2011 and 2012.
Never quote a banker particularly a Swiss one as all bankers are self serving, miss educated, pitch persons who will be long gone with the clients money when the chickens come home to roost.
Why would anyone believe someone who's pitch is "give me your money and I'll make you rich"?
Good luck.
Barrick and Goldcorp Bullish on Long-Term Gold Prices [View article]
All the King's horses and all the King's men could not put Humpty and Dumpty back together again.
September 17, 2008 was the day the US $ and just about any other fiat currency became too dangerous to hold because it is too dangerous to invest.
On that day gold rose 10% against the US $.while paper investments fell 4 % against the US $.
Blood is now in the streets.
Good luck.
Is It Safe to Take a Dip in the Gold Pool Again? [View article]
We are short financial stocks and some electronics stocks until late August 2008.
We fit our investments to the business cycle which we think is a repeating process. Perhaps you do too since we seam to agree.
These are not recommendations. See your investment adviser before making investment decisions.