James Turk on Gold: The Ultimate Inflation and Catastrophe Hedge [View article]
i knew a man who saved gold and silver coins his entire life. he worried every time he left home and he worried when he was at home too. sadly, he was eventually robbed and killed for them. he died a rich man, but he died.
the reason fiat money works is the same reason that laws work, we all agree to believe in them. when some people opt out of the legal system and start doing whatever they want, it benefits them and injures the rest of us. when people opt to move out of fiat money, they are doing the rest of us the same disservice. naturally, the government must make every effort to ruin their plans for the good of society.
in the precomputer days, it was nearly impossible to effectively control the price of gold, silver or panics of any consequence. however, now that the power of the media is ubiquitous and concentrated in a few hands, now that computers are immediately aware of all transactions, it is relatively simple for them to control the price of gold and silver.
they can sell from their reserves. they can pretend to have plenty of it left. they can also create vehicles that pretend to invest in it, without actually buying any of it, which only takes dollars out of circulation and keeps gold and silver prices and mining prices in check.
fortunately, the government no longer has to hunt and kill people who save gold and silver coins. unfortunately, you cannot drive the price of gold and silver up the way you can drive up the price of oil. so, buy oil, instead.
what a great idea, if only the government had given me a rebate,... well, i guess they knew i would only invest it, so they decided to keep my share. thank god we have such smart people making decisions for the rest of us. man, if i had to figure out what i would do with all the extra money, i would go mad. mad, i tell you!
Gold Stock Bulls Are a Different Breed of Bull [View article]
thank you. that is a very helpful analysis of stock price movement. it gives me the confidence to continue holding dhna and gnmt. i would have thought there would have been much more consolidation going on with small mining companies by now. any thoughts on that?
The 7 'Golden Rules' of Picking a Gold Stock [View article]
enjoyed your article, but our "paper" money is actually printed on linen, which is why you can wash and dry it and how it manages to stay in circulation so long and why you hear the word "threads" when someone is referring to it's composition.
man, if there ever was a contrary indicator for the price of gold and commodities,... try checking out historical movements in these things and be amazed at the cyclicality. sure it looks like the end of the world is near, but it always looks that way to people living in darkness and on the edge. you will eventually see that the earth is round, that you can continue going forward and that our way of life is not the only way of life.
i'm sure you are implying something, but i am inferring nothing. your little chart and oscillator have no meaning. your article has no conclusions. i don't drink, so i guess i'll wait outside the pub for you.
James Turk on Gold: The Ultimate Inflation and Catastrophe Hedge [View article]
the reason fiat money works is the same reason that laws work, we all agree to believe in them. when some people opt out of the legal system and start doing whatever they want, it benefits them and injures the rest of us. when people opt to move out of fiat money, they are doing the rest of us the same disservice. naturally, the government must make every effort to ruin their plans for the good of society.
in the precomputer days, it was nearly impossible to effectively control the price of gold, silver or panics of any consequence. however, now that the power of the media is ubiquitous and concentrated in a few hands, now that computers are immediately aware of all transactions, it is relatively simple for them to control the price of gold and silver.
they can sell from their reserves. they can pretend to have plenty of it left. they can also create vehicles that pretend to invest in it, without actually buying any of it, which only takes dollars out of circulation and keeps gold and silver prices and mining prices in check.
fortunately, the government no longer has to hunt and kill people who save gold and silver coins. unfortunately, you cannot drive the price of gold and silver up the way you can drive up the price of oil. so, buy oil, instead.
$200 Oil, $2000 Gold? [View article]
Gold Stock Bulls Are a Different Breed of Bull [View article]
The 7 'Golden Rules' of Picking a Gold Stock [View article]
Peak Oil, Gold and the U.S. Dollar [View article]
Why Stocks Can Be Better than Gold [View article]