MellowGuy

Recycling U.S. Coins into Silver

IIRC, there is plenty of natural gas so the US doesn't need to import it.

The US should encourage those in the NorthEast that are still heating with fuel oil to convert to natural gas.

Why China and India Want the IMF to Sell Its Gold

China isn't accumulating gold. Adam Smith advised against it.

The US and IMF should reduce their gold reserves slowly to avoid depressing the price.

A Simple Post on Gold

Gold isn't hitting a wall, the costs of production is below $700/oz, don't expect gold to go to $1500 or even $1300.

Could There Be a Real Breakout in Gold?

Gold is getting too high, I am selling what I bought (GLD) under $800/oz now that it's over $900/oz.

Gold ETF Reaches New Inventory High

GLD is my favorite way to own gold because I can sell options against it.

The Intrinsic Value of Gold

Look at the production costs of gold which now average over $400 with marginal producers at $700. $400 is the floor for the price of gold and if demand is normal, gold should be trading at over $700.

Gold Prices: Little Correlation with Its Utility

Gold has had costs of production that has matched the costs of labor for over a thousand years. So it is a measure of value, not a store of value. There isn't enough gold for most people to buy with more than a few percent of their life savings.

I buy the GLD ETF shares and write options against them hoping that the price of gold won't fluctuate too much.

The Problem with GLD and SLV ETFs

The GLD ETF gives me the ability to buy and sell options. Physical gold doesn't give me that ability.

Why Are Investors Returning to the Dollar?

Someone has to be desperate for cash to drive down the price of gold and oil in addition to stocks.

Need Gold? Check Your Fed Holdings

Where is it documented that each share represents a tenth of ounce of gold?

I thought that it was the case, but sometimes Google doesn't tell me everything.