Sidj

Groundbreaking WSJ Story on Gold

Hmm. Unless the internet is shut down couldn't you just sell some gold on ebay and settle the payment with Paypal?
As for theft risk, wouldn't anything of value be a theft risk? Wouldn't thieves come for your food, guns, etc. just as much as for your gold? Wouldn't gold be much easier to hide?


On Jul 09 04:26 PM the_feds_corrupt wrote:

> I think physical gold ownership is absurd.Unless you are planning
> on fleeing the country- forget it !
> 1) Physical gold bullion MUST be assayed before it can be sold.<br/>
> This adds undue expense and inconvienance to selling gold.
> 2) The Government will confiscate gold in the event of economic
> collapse. This you can be sure of .
> 3)Huge security risk: where will you keep your Canadian maple leafs?
> On your person? In your home? Your car? Certainly not in a safe deposit
> box (those will be banned by government like in the 30's).
> I have watched way too many apopolyptic horror scenarios ,home invaders,etc
> willing to do your family or yourself great bodily harm to get at
> your gold.
> 4) Now lets say you have the perfect storm. You have adequate security
> no one knows you have gold and silver hidden. Civilization comes
> crashing down around us -where will you spend your gold ? Barter
> with some local blackmarketers?
> With just in time inventories store shelves will be empty in hours.
>
> Will you and your family eat while your extended family and friends
> go hungry? "Sorry lil nephew I cannot feed you ,You should have told
> that deadbeat father of yours to hoard gold like me!"
> You see the problems that will rise? If you are that certain that
> our society will be consumed by financial chaos then you would be
> far wiser to spend your money now. Buy a cabin in the mountains stock
> it with food and all your toys and then when the moment comes - you
> leave!
> Hoarding gold in a metropolitan environment is at best delaying your
> own demise and at worse suicidal.

Wednesday Outlook: Commodities, Emerging Markets

It might be worthwhile to note presidential-election cycle patterns in the markets. That said, post-election years historically have been the weakest on the Dow (according to chartoftheday.com)

Friday Outlook: Commodities, Emerging Markets

I remember in 1987 the week before 'Black Monday' was the worst in history. It made the cover of Time. But then 'Black Monday' hit and everyone forgot about the previous week. Just because we've had a big selloff doesn't mean we won't get another 'Black Monday' with all the average joes bailing out at the same time.

Thursday Outlook: Commodities, Emerging Markets

This year Buffett has been saying that the slowdown would be longer and deeper than many people think. If he's right (again) then we still have a long way to go. He's also been calling for higher inflation and a lower dollar over the next several years. Want part of his sweetheart deals? Buy some Berkshire Hathaway.

It's the End Of the World As We Know It and I Own Gold

Well if you want to talk survivalism, then you want FOOD and bullets. You CAN eat food and shoot anyone who tries to steal it. However, try to buy the food with worthless paper money. Good Luck.

Friday Outlook: T.G.I.F.

Too bad the regulators don't seize the golden parachutes of the CEOs when these taxpayer funded bailouts happen. I wonder if there would be fewer such incidents if that kind of penalty existed.

The S&P 498?

I wouldn't be surprised if they just lower the $5-billion minimum in order to keep the index at 500. That's how the system works, just lower the standards if necessary to get the desired results.

Thursday Outlook: Commodities, Emerging Markets

Warren Buffett thinks the U.S. has a bright future too . . . in maybe 5 years or so. But for now he believes the recession will be deeper and longer than many people think, inflation higher and dollar eventually lower. He could be wrong of course, but he did predict the dotcom crash, got into energy early and sold his house in California a few years ago at the top.

Wednesday Outlook: Commodities, Emerging Markets

September: Historically the worst month for stocks by far. Could it be happening again despite all the perma-bulls out there?

Tuesday Outlook: Commodities, Emerging Markets

We'll see how the markets behave after the election. Or looking forward how they behave in '09. Post elections years don't have a very good track record.

Gold Equities Are Oversold - TD Newcrest

relmor is right. You don't hear the big pundits like Cramer acknowledge the seasonality of gold. In fact the media makes it sound like gold follows the seasonality of oil which peaks in the summer and bottoms in the winter. Can you imagine buying gold in January and selling in June every year? Hahahahaha.

Tuesday Outlook: Commodities, Emerging Markets

On Friday Warren Buffett reiterated his belief the U.S. economic downturn will be longer and deeper than many people think and that inflation will continue to rise.

Peak Theory, Applied To Inflation

I am certainly no expert, but earlier this year Warren Buffett said, "Inflation has been in remission and is likely to be more prevalent in the next 10 years" and (regarding the dollar) "If we continue the same policies, we're going to get the same results in the next five or 10 years."

Hard Money Inflation: Oil and Gold Continue to Plunge Downward

Gold has had a tough time since March. Still, gold usually does swoon in the summer so it might be wise to wait at least another month before proclaiming 'gold is dead' talk. Meanwhile stocks haven't been so hot either. Despite several 'bottoms' called already by the 'experts' the markets are still in a major downtrend made all the worse by the double top formed by the S&P last year. (The first peak in 2000).

Too Late for Newspapers to Turn the Tide?

I worked for a paper whose leadership 10 yrs ago said the internet was a fad. They then built a new printing facility with 3 times excess capacity because they didn't want to 'outgrow it too fast'. Since then they've had several layoffs and have been slow to embrace the internet.