frdm45

Gold: Despite Recent Rise, It's Still Under Water

This just goes to show you how dangerous stats can be in the wrong hands. An extremely disingenuous article, just goes to show you can manipulate any stat to prove your point.

Boyd, how long was that peak? How many days did gold stay above even $600 then?????? Uh, 60 days.

And gee, the Dow has done so well over the last ten years, what mark did it cross in 1999? Oh, 10,000 you say?

And how much has gold risen since it was allowd to float in 1971? What was then price then? $35? How is that for a return against your other asset classes?

What a joke of an article. Most posters here do a way better job. How did you get your job at the Globe and Mail?

As Usual, Gold Is Cheap

$2300????????

People keep on bandying about the old inflation adjusted price of $2300. Of course that is one data point to consider, but just how significant is it?

Are the same factors that propelled gold to that level in play now?

For example, on the downside, back then there weren't as many (I'm assuming) paper substitutes for gold that actually steered money away from physical gold as now.
On the upside, I can't imagine foreign central bank demand was as strong back then, which has just started to come into play now, or that the prospects for the dollar were as dismal back then as they are now.


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Beyond GLD: Four Alternative Gold ETFs

I'm not trying to be alarmist or a conspiracy theorist, just read the GLD prospectus and draw your own conclusions about what exactly you own and you rights associated with it:

Excerpt from the GLD prospectus on page 11:
www.spdrgoldshares.com...
Gold bars allocated to the Trust in connection with the creation of a Basket may not meet the London Good Delivery Standards and, if a Basket is issued against such gold, the Trust may suffer a loss. Neither the Trustee nor the Custodian independently confirms the fineness of the gold bars allocated to the Trust in connection with the creation of a Basket. The gold bars allocated to the Trust by the Custodian may be different from the reported fineness or weight required by the LBMA’s standards for gold bars delivered in settlement of a gold trade, or the London Good Delivery Standards, the standards required by the Trust. If the Trustee nevertheless issues a Basket against such gold, and if the Custodian fails to satisfy its obligation to credit the Trust the amount of any deficiency, the Trust may suffer a loss.

3 Reasons Not to Believe In Gold's Recent Rally

True, the people mentioned below have vested interests in the commodities they speak about, however, I do respect people who put their money where their mouth is, unlike the Roubini's of the world. These people are proving their conviction, and I don't think their words alone are enough to have more than a miniscule influence upon these massive, globally traded commodities. Go ask somone who isn't into trading or serious investing, like a friend, relative or neighbour; who is Jim Rogers, Paulson, Einhorn, etc and see what the response is.


On Nov 11 11:51 AM Steve Mc wrote:

> Thanks for posting your article. People also need to remember when
> listening to people like Rogers, Paulson, Schiff, and others, that
> these men all have vested interests in getting you on their sides
> of the trade.
>
> Take Jim Rogers for example. Every single day the man speaks about
> how commodities are going to go higher over the next twenty years.
> Interesting that he runs the RJI commodity fund, isn't it? I'm not
> saying he is wrong in his prediction, but what I am saying is that
> he has financial motivations to make his predictions reality. I would
> say the same thing about Schiff, Paulson and anyone else who makes
> predicitons that Gold is going to $5,000.
>
> They want you on their side of the trade.

Beware Fortune Magazine's Gold Warning

Great article! I hope it gets widepread distribution.