All concepts and arguments aside, I bought some gold coins in 2004 at $380. Not bad gains for 4 years. However, should there be dramatic future gains, not only is confiscation an issue, at the very least so are whopper windfall capital gains taxes.
This is more or less a p.s. If gold does not go up then all the activity of the Fed and the Treasury since September will have failed and deflation will be the victor. Inflate or die, thats the bottom line. Don't forget, no culture, civilization, or society has ever lasted more than a few hundred years without cataclysmic change. So cheer-up and realize everything is impermanent and nothing remains for long. Except gold.
We are still in the process of unwinding all the excessive debt and leverage. Hurts like hell.
I've been thinking backwards maybe. It's not that gold prices need to rise for the reflation to succeed but that if they don't rise, the reflation has failed and the black hole deflation takes full command.
Enlightening the Gold Bugs [View article]
Enlightening the Gold Bugs [View article]
Is It Time to Buy Gold? [View article]
Don't forget, no culture, civilization, or society has ever lasted more than a few hundred years without cataclysmic change. So cheer-up and realize everything is impermanent and nothing remains for long. Except gold.
We are still in the process of unwinding all the excessive debt and leverage. Hurts like hell.
The Manipulation of Gold Prices [View article]
Jeffrey Christian: Gold and Silver Could Spike [View article]
Gold's Fundamentals: 'Extremely Appealing' [View article]
Charts of the Day: Gold, and Baltic Dry Index [View article]
Half-kidding....