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  • In Light of Peak Oil, Financial Diversification Is a Bad Idea [View article]
    sorry to say but you are just plain uneducated about oil.
    even if you assume there will be new ways to tap existing reserves and new deposits to exploit the bottom line is growth in demand is exponential while supply is at best linear. you do the math
    Aug 18 17:28 pm |Rating: 0 0 |Link to Comment
  • Specialty Metals Group Indium IPO: Commodities Ponzi Scheme [View article]
    Mr Amberger, this is interesting perspective but I fail to see the distinction. It seems like this is more semantics than anything else. Anybody buying a security, commodity, currency or what have you in a speculative or investing sense is hoping the value is going to rise. At some point they will have to convert it. So saying that there is distinction between buying stocks vs commodities is really maybe just splitting hairs in my opinion. There is little evidence to say that precious metals are in a bubble right now as the current price is about 60% of the inflation adjusted price of 1980. We should see gold move to about twice it's current price sooner or later. Any higher then we can start talking about bubbles.
    Jun 17 13:29 pm |Rating: 0 0 |Link to Comment
  • Specialty Metals Group Indium IPO: Commodities Ponzi Scheme [View article]
    Laura, please let's put this in perspective. There is a difference between nominal interest rate and real interest rate. What do you make on your savings ? 3, maybe 4% if you are lucky.
    Well here's some news to you - real inflation is running at about 5-6% now and that is just the understated government data. It is probably more like 10% at this point. So good luck even retaining the value of your savings let alone making anything.
    Yes the Krugerrands and any other bullion coin would be a better bet as at least they will retain their value as the Fed has not figured out a way to manufacture gold yet.
    Jun 17 13:22 pm |Rating: 0 0 |Link to Comment
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