jetsby10

Gold: The Only Remaining Bubble?

Well Alan, you've come a long way since December since you said "I am not here today to gloat despite the fact that gold has plunged since I wrote that article on October 11th". You aren't gloating anymore. Btw, in October you said "Silver, palladium and platinum are all plunging. Why shouldn't gold?". Well, Silver, Platinum, and Palladium are all rising now. Do you still want to apply your same logic going forward? Or lemme guess, Silver and Platinum are starting to bubble as well too?

Deflation, Monetary Velocity, and Why Gold's a Buy

you've never had a period in history where every central bank in the world has resorted to printing money at a record pace. This has always ended one way. Inflation. People always talk about deflationary forces. I agree, every friggin force in the global economy is deflationary right now. The only thing that is inflationary is the central banks. As long as they have a monopoly on their currencies and continue to act in coordination with each other, you will have inflation.

Gold Loses Its Shine

"What the gold bugs fail to answer is why does gold represent true wealth? "

Or maybe they've just answered it and you've never listened. It's rare, it's shiny, it's divisible, it served as money for thousands of years, it can't be counterfeited.

"If you need to invest in a commodity, why not skip this middle step and buy oil and corn as opposed to gold?"

Not bad advice. On the flip side, those are paper promises as well. If you want the real stuff, you would be hard pressed to store enough of it in your house. Maybe you should research what the function and purposes of money are.

Why I Got Gold Wrong

rofl? Islamic law? The US constitution also requires gold and silver to be the only forms of money. If you were right, gold would still be at $20 an oz.

Bear Market Gold

JPB, you must be rich if you could buy enough gold to put in a vault. You're local bank has a safety deposit box that can easily store tens of thousands of dollars worth of gold.

Why Gold Is the New Currency

they've been calling the end of the commodity boom since it started. The boom will be over when we stop hearing about food shortages around the world.

Why Gold Is the New Currency

1 unit of the Dow is that number you see flashing everyday. If the dow is at $5000 and the price of gold is $5000, 1 oz of gold buys you 1 unit of the Dow.

Gold Bugs Emerging in Some Unlikely Places

User 211121,

you don't put all your eggs in 1 basket. No one should be more than about 20% invested in precious metals. What you should have done was diversify over gold, oil stocks, and other commodities. Hold onto your gold. You'll be happy you did in the long run. Oil may be a little oversold but long term, both gold and oil are going up.

Gold is Money - And Nothing Else

David, in this day and age, they can easily digitize gold to solve that problem.

The Case for $1300/Oz Gold

Yeah, it's an archaic metal that people are willing to pay more and more for everyday. If that was the case, central banks wouldn't be holding rooms full of it.