sdavid0419

Beware Fortune Magazine's Gold Warning

I couldn't agree more with your article. I do have a small correction to add. In between the highest prices paid ads are now appearing the former head of the US gold supply advocating the purchase of at least some gold for your portfolio. In addition there has been a long running radio ad selling gold which is why I was able to get in at the $600 level.

As to chap08 warning of government confiscation of gold I would like to point out that I attend as many TEA parties as I can and I am noticing that more and more people are showing up and the speakers are angrier and angrier. I also go to gun shows and have noticed crowds and buyers are growing like crazy. Look in any Lowes or TSC and you will see gun safes selling like crazy. Any attempt to confiscate gold could and very likely will trigger a civil war.

What Lies Ahead for Gold ETFs?

The run up in gold is just a little ahead of the feared coming inflation due to the Obama/Benanke money printing policies. The crash in oil prices has allowed them to get away with it for a while now. The August increase of 1.7% in wholesale prices which interprets into 20.4% annualized indicates it may now be time to face the piper. In a few weeks we will have the Sept wholesale prices and if the trend continues the double digit inflation will be upon us. I take this to mean it is very likely interest rates will finally raise drastically and banks will have to pay them or loose the little assets they have left. This could be the stone that tumbles the hundreds of banks still tinkering on the brink of collapse. The FDIC is already showing red ink. Throw in some more bad unemployment numbers though I am happy GM has finally announce a partial recall of some laid off workers which is the only good news I've seen. As I say in all my comments gold is not an offense but a defense. I haven't been able to get into the movies for 25c in years. Once inflation comes everything adjusts upwards and the rush to gold is just those of us trying to be first in line to protect our assets. I continue to say throw out your history books and charts and look in front of you not your rear view mirror.

The Vicious Circle of a Falling Dollar

You get it. I get it. T. Boone Pickens gets it. What the heck do we have to do to overcome the oil interests and get through to our elected officials?

It is difficult to push alternatives when a solar generator that produces 1700 watts of power costs $1200 compared to a gasoline powered one that delivers 5000 watts of power costing $500. I get it that I'm saving $13 every time I use the solar generator what I don't get is having to pick one or two items to keep on during a power shortage. The 5000 watts has barely gotten me by. As to wind power there are lots of hits on google but very little specific information as to cost and the amount of power they generate.

Disagreeing with Garty: We Are Long Gold

I'll take a GLD/SLV exacta box then 2 if 4 and reverse on both of them. Pleeaaaasssseee If you want to invest in the opportunity look at the seeable horizon $1500-$1600 by December. I want to kick myself in the pants for all the times I took the short money and ran while the long money was way better than anything I did with the capital raised from the short play. If you want instant gratification take the filly in the Preakness. Rain or shine she will lead at every call.

The Myth of Gold as an Inflation Hedge

Here here Gigem77. I bought the drug companies after the run up and watched them go sideways for years. The answer is to buy low and sell high. I bought my gold while it was low and have sold some as a hedge but believe there is another third upward at least for the rest of my investment.

Gold Bubble May Be Coming to an End

You must be a republican. Tell them what you want them to believe and then everyone act like its true. Core inflation has remained historically low. Dah! Core inflation is what Bill Clinton did to save social security. No one lives in the core. Everyone with a motor vehicle is seeing inflation higher than ever before in history, now thats a bubble for you. Food prices are rising so fast they aren't putting price stickers on it just bar code so they can raise them several times a day. The new higher cable bill just arrived. My house assessment for tax purposes just reached a number that the market won't support for the 1st time ever. My state legislature just raised taxes higher than ever before. Yesterday the teachers worked to contract in a protest over no raise. Yesterday truckers all over the country parked in protest of the higher fuel costs that make it impossible for them to earn a living. For my money I'd rather hold gold in a bubble than the US dollar that has free fallen in a black hole (I guess thats the opposite of bubble).

Commodities Gone Wild

Its hard to imagine the best spin doctors of all time are missing their opportunity to sell treasuries. Here's the spiel:

Inflation is 12% so when you invest in our treasuries you are actually getting 13.65%, the 12 you are no longer losing plus the bonus 1.65 we are paying.

Never mind, I'll stick with Gold