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.

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.

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.

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).

Friday Outlook: Commodities, Global Markets

Funny coincidence that the Olympics, Russia's invasion of Georgia and the sudden surge in the dollar all occur at the same time and the leaders of these countries all happen to be together in China. Doesn't a stronger dollar help China too?

Is the Price of Gold Artificially Depressed?

We'll see if gold bottoms soon. The 1980 high of $850 might be a support level. Gold usually bottoms in the summer then rallies. But if gold is too risky for your blood you can try something else tangible like collectibles. Go buy some rare comic books like Nicolas Cage. Amazing Fantasy 15 (1st Spider-Man) has appreciated 85% since 2000. Compare that to the Dow or S&P.

Why Gold Is the New Currency

Warren Buffett earlier this year said to expect lower returns from stocks in the coming years. He said stocks had delivered above normal returns for several years and now the market would experience a "reversion to the mean". Anyone disagree with Buffett?

Is the Price of Gold Artificially Depressed?

I quote Warren Buffett from earlier this year:
"If something is unsustainable, its going to have consequences; so far the consequences have been a general decline in the dollar against major currencies. If we continue the same policies, we're going to get the same results in the next five or ten years."
He also said:
"Inflation has been in remission and is likely to be more prevalent in the next ten years."
Anyone disagree with Buffett?

Wednesday Outlook: Commodities, Emerging Markets

As time goes on it look more and more like Warren Buffet's prediction that the decline would be deeper and longer than people think will come true.