gmiller's Comments

Interview with Timothy D. Naegele

Thu, 17 Dec 2009 00:35:16 -0500

I could go on for hours, but will make just a few comments here. A good place to start is 24hgold.com.

Gold will become increasingly acceptable, as our economy and the dollar weaken. Silver is a lower denomination alternative, with some different price drivers. I agree that it would be unwise to walk into a bar and throw down a 1 oz gold coin-- or a gold bar, if buying drinks for the house. The proper way is to occasionally convert gold into a local currency or barter commodity, at opportune times in market cycles. Silver coins may be negotiablel in day to day transactions in the future, in some venues, although more complex than dealing with dollars. I can just imagine some ditzy clerk in a store computing the silver content and doing the convesrion math :-)

Reputable dealers, when you are a good customer, will do attractive buybacks, in whatever the local currency might be in the more distant future: new dollars, Ameros, yuan, Gulf State currency, wampum ..... You can sell collector coins, but more negotiation, time and the right buyers are needed. Life may get more complicated.

Goldmoney.com is an excellent vehicle for gold ownership, being easily convertible to multiple currencies with "Goldgrams." Some people store wealth in ETF's. I recommend CEF and GTU, I have heard/read too many disturbing things about the GLD and SLV ETF's.

Some invest in gold/silver/platinum/p... mining and exploration stocks, which have much greater leveraged upside-- and downside, as I learned in 2008. Some of my exploration stocks are up 6-8X since the 11/08 bottom. A good, more conservative, fund for beginners is GDX.

There are also futures, options, warrants and private offerings, but these are even more comlex and risky.

caseyresearch.com provides investing newsletters and more, such as precious metal sales and storage (you don't want to keep much gold at home-- spread it around) as do many others.

You owe it to yourself and family to protect at least some of your wealth from the coming additional financial turmoil and currency devaluation.

There is much more to it, but that's a start.

Record Volumes in Gold Market Indicate a Gold Top

Fri, 11 Dec 2009 14:00:00 -0500

Tmosley apopears more knowledegeable than anyone else here, including the author of the article.

With Obotomy resolving to "spend our way out of the recession," banks reveling in faux "profits" from fraudulent accounting and the gift of "free" money-- compliments of the sheeple, Congress spending obscenely, job destroying taxes and regulations being imposed, entire industries going offshore or being destroyed, nationalizations being engineered by the Marxists running Washington, $600+ trillion in toxic derivatives waiting to explode, actual U.S. unemployment 18%, GDP growth actually a shrink, credit imploding, real estate on life support, Stimlus packages not stimulating, etc., we are in serious trouble.

JPM, Federal Reserve Member, is the belly of the beast, the largest precious metal manipulator in the world. GLD and SLV may not be backed by all the real metal. I would instead suggest goldmoney.com, CEF, Perth Mint, etc. Some COMEX and London futures recipients due their metal have been offered 125% cash vs. spot instead.

With all this, gold is a safe haven as well as an inflation hedge. Speaking of inflation, the deflation knuckleheads think we're in deflation because asset prices are way down, part of a necessary correction. Have they been to stores lately and seen prices? Or paid their utility bills or taxes?

I've been listening to topping predictions since 2000.

I'll keep my gold and silver, thanks.

Interview with Timothy D. Naegele

Wed, 09 Dec 2009 01:47:59 -0500

Wow, what a tour de force, by a real pro, with a first-class mind and judgment! Except for his preference for cash over gold, he seems to be right on. He pulls no punches about government, politicians, the Pentagon, economy, Bush, Carter, Obama and his nemesis, Greenspan.

Look forward to reading the book when it comes out.

Is a Gold Correction Imminent?

Fri, 04 Dec 2009 10:52:16 -0500

If one looks at how it's dropping today, a correction doesn't seem out of the question at all.

3 Reasons Not to Believe In Gold's Recent Rally

Thu, 12 Nov 2009 12:22:28 -0500

Hmmm. you may be working to old paradigms. Back when the dollar had some value, the U.S. actually had a lot of gold, the financial sysyem hadn't yet crashed, we didn't have millions of properties headed into foreclosure, with more being held back, mark-to-market and other accounting rules hadn't been trashed, banks reliant on free money for survival, U.S. Treasury requirements didn't exceed available worldcapital and foreign entities hadn't lost patience, your article might have made some sense.

Gold is a very volatile item these days, so I accept that there will be some corrections and pullbacks, especially with agents of the U.S. madly manipulating and traders maneuvering for profits. But mid and long term, it's going up, up, up, up and up. Not just because of inflation, but utter dollar and other fiat currency destruction and as a disaster hedge. Gold's not even close to its all-time inflation-adjusted high yet and that occured in much calmer days.

U.S. Emperor Hussein will step on the gas before the 2010 elections even worse than before, to create the appearance of "prosperity," in a frantic attempt to keep his party in power, but it might already be too late.

I'll hold on to my gold and silver, thanks.

Celente Flashback: Great Recession Will Maintain Grip for a Generation

Wed, 14 Oct 2009 11:41:52 -0400

Part of the problem-- find out why why it won't be getting better any time soon.... read "The Obama Timeline" (see colony14.net )

Four Major Developments Gold Investors Should Watch

Tue, 15 Sep 2009 10:13:26 -0400

That's an excellent case for gold buying, but somewhat understates the downside of the U.S. govt. and bullion banks' power to take down gold when it suits them. Long term, I believe they'll lose, but they can create real danger for leveraged long players in the meantime.

Silver Wheaton: Propelling Itself to the Top of the Food Chain

Thu, 10 Sep 2009 16:27:46 -0400

I bought some SLW at under $3 and only wish I'd had teh guts and wisdom to buy much more and hold in to it.

Pernick: As Oil Prices Go Up, Clean Energy Costs Fall

Wed, 20 May 2009 00:18:28 -0400

Yeah, but it can power electric cars and trains.

On May 19 11:43 PM Windsun33 wrote:

> Solar and wind do not replace oil, they replace coal power generatrion
> primarily. 10 trillion gigawatts of wind will not put a gallon of
> gas in your car.
>
> That seems to be the most common fallacy and most common flaw in
> all these oil vs solar type arguments.

Pernick: As Oil Prices Go Up, Clean Energy Costs Fall

Wed, 20 May 2009 00:16:52 -0400

What about nuclear power? It is the best alternative for baseload power, in terms of scalability and cost. The waster disposal objection is overblown and more of a political problem than a real one. France generates 80% of its electricity via nukes and even sells power to neighboring countries. Due to recycling, all national waste fits in a space about the dimensions of an olympic swimming pool. Confucius say "man who say something cannot be done, should not contradict man already doing it." Speaking of smart Chinese, China is building nuclear plants like crazy, securing project capacity and buying up available uranium supply. They will have clean, cheap, abundant energy, while we scramble for the scraps. so much for change we can believe in.

How Did the Dollar, Gold and Equities React to Yesterday's News?

Tue, 28 Apr 2009 14:28:29 -0400

You idiot. Gold is subdued because of the billions of dollars of our own money being used to manipulate it downward to make the dollar look good. Talk about putting lipstick on a pig.

Why IMF Gold Sales Won't Affect the Gold Market

Fri, 03 Apr 2009 11:08:55 -0400

Why do they have to SELL the gold, when they could just borrow or print more money, the way they ALWAYS do? Answer: It;s a shot across the bow of the gold people. They want to DEPRESS the gold price and discourage more investors and the public from buying any.

They have ben attempting such maneuvers since 1980, but gold has almost quadrupled since 2001 anyway. The best response to this is to buy and even take delivery of gold, at the temporarily depressed prices that might occur from this and other abortive intimidation methods. This is merely Larry Summers playbook in action.

Gold: Not a Bubble

Sun, 15 Mar 2009 21:16:00 -0400

Gold will go up more after the suckers market rally, now in progress. Gold has been artificially held down by the govt. and bullion banks, which are running out of ammunition. In spite of that, it is up nearly 4-fold since 2001.

Anyone can buy 1 oz. gold coins, starting at about $1000.oz on eBay, or smaller coins for less. You can also take delivery on COMEX gold bars at spot, but like the article says, it's $20K and up.

Only suckers sell jewelry to predators for half of melt price. There are some companioes that even tell you to mail it in, they'll decide what it's "worth," and mail you a check, in due time-- LOL!

GLD is not 100% backed by gold. READ the prospectus. They are behind on bringing it physically in, may be shorting gold and using options, maybe even "leasing" out some of the gold. Better yet, buy CEF, GTU or IAU. Best is to buy actual metal and have it in your possession, or insured 3rd party storage. Gold stocks will also provide good future returns.

Beware of gold futures/options, unless you are a highly skilled trader. Almost everyone loses money on these on their own.

Gold: The Last Carry Trade

Sun, 12 Oct 2008 14:18:19 -0400

Some say that the wholesale deleveraging/capital destruction going on now is actually decreasing the money supply, even as nations are flooding the world with new "money." This might explain some of the unusual things happening with asset/commodity prices.

Despite Big Fast Panic, It's Still a Normal Bear

Wed, 10 Sep 2008 16:30:15 -0400

Larry H. called it correctly.

Despite Big Fast Panic, It's Still a Normal Bear

Wed, 10 Sep 2008 16:29:00 -0400

Disagree. This bear will be the most ferocious one of most of our lifetimes. We have never before had such an enormous debt overhang and wildly deflating asset bubbles. The mortage resets, defaults (already at 9%), oncoming trainwreck of commercial real estate, car loans, student loans and credit card defaults will be a financial tsunami, made worst by the resultant tax revenue implosion. Dude, brace yourself, it;s just beginning.

While we have better coping mechaisms than duing the 1930's, the scale of the problems is much larger.

The consequences may be catastrophic. I'm not sure what can be done to prevent it, only to pace and moderate it a bit.

Who Killed Frannie?

Wed, 10 Sep 2008 16:18:31 -0400

Fool. Paulson only said that to reassure foreign govts.central banks, after a bailout started to look inevitable.

How the Fannie / Freddie Announcement Impacts Forex, M&A

Mon, 08 Sep 2008 17:22:31 -0400

Really? That's right up there with Bernanke's fairly recent statement that Fannie and Freddy had nothing to worrry about. Actually, he was right- they're Uncle Sam's problem now.

Legg Mason: A Market Bottom?

Tue, 02 Sep 2008 11:18:04 -0400

Thinking people have discovered or will discover that Nobama is an empty suit and is not even who he says he is. He hasn't accomplished any of the change that he keeps crowing about. Where's the beef?

What Drove the Dollar to a 6 Month High?

Wed, 27 Aug 2008 12:25:23 -0400

<> say what?

Allow me to help you re-write your tagline, Kathy. How about> "false rally an Euro zone problems drive dollar to six month high, in spite of U.S. finnacial disaster?

Aggresive Investors Should Ante Up with ProShares Ultra Financial ETF

Tue, 22 Jul 2008 00:13:47 -0400

You're nuts! This is a suckers' rally and will dive soon enough. I'll make my money shorting you and your followers.

Commodities: The Next Bubble?

Wed, 23 Apr 2008 01:01:50 -0400

Actually, Adam, I thought your article was pretty good. I reduced, but did not eliminate my own precious metals holdings, because it appeared that a pullback was occuring. Why did you not delve more into the cause and whether or not it involved "cartel" or government manipulation? Based on de facto inflation and currency risk, it seems as though gold and silver should be higher.