ChrisG

3 Comments

Just Your Average Bear Market [view article]
The one thing that does make this bear different from previous is the derivatives situation. There is currently only around $8 trillion in real money controlling $300 trillion or so in derivatives. The possibility of a derivatives meltdown leading to a collapse which even the FED can't backstop satisfactorily is to me what gives the current situation the potential to be worse than the average bear Jun 12 12:59 PM
Gold Bubble May Be Coming to an End [view article]
Don't forget that Indians are the largest purchaser of gold, and they do so most typically in the form of jewelry, particularly as a dowry. So much of that 65% jewelry portion is actually for investment/storage of wealth purposes. Apr 03 12:11 AM
The Myth of Gold as an Inflation Hedge [view article]
Wow, this is the most distorted, disingenuous analysis I've seen on this site. As others above mentioned, cherry-picking the time frame starting at Gold's all time high at the end of the 70's stagflation to fit the argument is a joke.

In regards to gold price suppression by central banks, take a look at the gold lease rates: www.kitco.com/images/l...

Yes, the short term rate actually went negative! Central banks are literally paying out to encourage borrowing (and dumping onto the physical market) of their gold.

Apr 02 11:34 PM

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