Toeser

How Gold Is Being Driven by a $4 Trillion Hallucination

I have never been a goldbug, because it is just a metal with no particular use. However, I do appreciate that a gold fad could really take hold in the current environment.

The rest of the article is bang-on. I have been waiting for a collapse of sorts for many years. The idea that deficits don't matter was promoted by and accepted by idiots. It does matter, and one way or the other we will pay the price.

Economic Forecast and Best ETF Picks for 2009

Based upon your track record, why would anyone care what you think?

2008 - Where I Was Right and What I Could Not Have Imagined

I agree that most alternative energy sources, such as wind, will not make a meaningful dent in our future energy needs. Biofuels, such as ethanol from corn, are generally as inefficient as you state. However, there is one on the horizon that may just be our primary future energy source: algae. Experimental technologies for growing algae have found it to be literally thousands of times more efficient than corn (per acre). I just hope the government does not screw this up by picking less efficient favorites.

Roger Wiegand: 'Severe Bull Market' Ahead for Gold

The problem is, nobody really knows if we will spin into hyper-inflation or deflation. Depressions tend to be deflationary. During deflation, the government can print money like crazy and it won't matter because people won't be borrowing or buying. Gold at this level is a coin flip. You could be a big winner, or a big loser. It is no sure thing.

John Embry: 'When the Gold's All Gone, the Market Will Go Nuts'

The market can remain irrational longer than you can remain solvent.