BrunoT

It's the End Of the World As We Know It and I Own Gold

Comment on those saying "you can't eat gold". etc. No, you can't, but you can sure get more for it in trade than you can with bullets and canned food. Doubt it? Go look at reports from Berlin in 1945. People used diamonds and gold to help them find ways to escape via gaining access to military and govn't transportation and even bribing Russians. Then after the war Nazis used these "hard assets" to gain passage out of Germany while someone with paper reichsmarks would have been laughed at. When the fiat money fails, gold is the money. I doubt they would have accepted 20 truckloads of spam and 12 cases of shotgun shells instead.

And of course, completely ignoring Tim's column, they again go straight to a Mad Max world. You can get kicked out of your home and be homeless even w/o mayhem raging in the streets, guys. If you buy some significant amount of gold you're protected against hyperinflation. It won't defend your home from zombies for you. But it might mean the difference between destitution and getting by.

Why I Got Gold Wrong

What bubble gum machine does one get his "expert" badge out of to post here? Come on. If you don't really have a handle on it post your thoughts on a regular chat board. You got this one about half right.

Yes, there's deflation in credit and some asset classes like RE, stocks, bonds, etc. But you completely fail to account for the fact that our govn't (and world govn'ts) are creating money out of thin air for TRILLIONS in bailouts and stimulous packages and nearly as much in routine deficit spending. This money printing will outweigh the loss of money from bank losses, as while the bank crisis will end the deficit spending will not and will even increase. If you think a $550B deficit is bad, wait till we're in full bore recession and tax revenues are way off. $1trillion deficits will become routine. They'll be paid for with printed money, hence.....massive inflation!

Now, if credit default swaps and other credit disasters occur they may dampen inflation for a while, but in the long run we're more like Zimbabwe than Switzerland in terms of our currency.

And quoting Cramer is like quoting a poop flinging monkey at the zoo. Type "don harrold cramer" into youtube search and watch Cramers lies and horrible calls for yourself.

Gold Bull Sees Huge Run for Gold

traderstaff, you might want to go check the price of gold 8 years ago vs today. And this is with probable govn't manipulation down of the price and the usual inertia of investors wanting to stay in stocks. What happens when they flee stocks and the dollar? Where do they go?

If You Think the Dow Did Well Today, You're Wrong

Boy, these US stock investors are like the guy in the Monty Python and the Holy Grail movie. "I'm not dead yet". They keep taking beatings and won't give up. If being that close to complete banking collapse, or the alternative being massive govn't money printing and inflation to temporarily save them, or the spectre of massive credit default swap losses doesn't scare them out of US stocks, nothing will.

It'll take a few more wallops with the sword to finally put them out of their misery.

Funny, I recall the days when you bought a stock based on its projected future income. What a rosy picture we have ahead of us, eh? AIG, GM, FM, etc were all "screaming bargains" at one point also.

Gold May Not Be Just Another Commodity Anymore

ChrisB: 1. gold production has been down somewhat hasn't it?

2. "goldbugs can't bring themselves to sell". Well, sell when? Selling at $800 before the big drop in the early 80's, good. Selling the year before it hit $800, bad. Selling in March '08, good. Selling in march '04. Bad. Selling in July '08, good. Selling last week, bad. So, you tell me, what happens if I sell at $1,000 in a few months. What if gold is $5,000 in 5 years? What if 5 years later it's $800?

I'm not a "gold bug", never owned it till early '07, but isn't the whole idea knowing when to sell? So far the fundamentals say to me that it's going higher. Is that guaranteed? Nope. But neither is oil, other commodities, US stocks, foreign stocks, or anything else. All I know is I listen to the arguments on both sides, and the ones for gold are much more impressive and rich with detail and analysis. The ones against it are usually just a couple of paragraphs of derision and not much else.

Gold May Not Be Just Another Commodity Anymore

Mark Anthony: Since it's fun to play "pick a date and go from there", let me try. Do you think those who bought gold at $46 or whatever in the early 70's gained inflation protection as it rose to $800 in a decade? Do you think people who bought gold in the $200's 7 years ago did worse or better than the stock market? See how silly it is to try to defend a strategy using cherry picked dates?

Economics didn't start in 1980. Some people are going to have to learn that the hard way. The "rules" change as the world changes. Today we'll soon be seeing the death of the "buy the entire market and hold it and you will get rich" thinking of the 25 year bull market. The reason that is touted is because those touting it came of age in a BULL MARKET! I bet you weren't hearing as much of that in the 70's or 30's.

Gold May Not Be Just Another Commodity Anymore

Hey Botfeeder. Wouldn't that be a pretty good argument for why gold needs to hit at least $1200 then? And to be accurate, it's had more than 1 good day. It's been 2-3 in the last week I believe. I still think gold will remain volatile until it's more certain in the minds of the masses that fiat currencies are not holding their buying power, though.

A Tale of Two Commodities' Charts: Crude Oil and Gold

Wow! If only I'd had my time machine delivered so I too can go back and claim to have made all the right moves. I love how you include mumbo jumbo chart shape junk to reinforce your arguments!

Newsflash. ANY change in a market creates triangle shapes and ANY move in the market creates lows that can later be called "floors".

But go ahead folks and buy your snake oil. Why bother understanding how economics works when you can look at shapes on a chart, right?

Short-Term Correction in the Commodities Bull Market

"Trader" = some guy in his living room who can't afford a proper trip to vegas. You might as well bet it all on "black" at the roulette wheel, despite your silly claims to various "systems". 50% of you lose money.

The Nuttiness of This Market

I can't understand the crazy market in the short term, but hopefully the long term macro picture that I DO understand will show out in the long run. I think that commodity markets have become yet another new "fad" like dot.com stocks and RE, except that this time it's the big boys and traders playing the game, not neophytes off the street. But you can only fool people so long. When those non-financial people DO figure it out that their currency is losing real value, that the govn't statistics are phoney, and that you can't make money owning stocks that don't make profits, there is great potential for a TSUNAMI of cash to flow into commodities as people search for something tangible in an ocean of fiat currency.

Gold Futures' Dirty Secret (Part I)

Maybe people would take more account of your posts if you could write coherently, Paul&Shark. But thanks for the rambling drivel anyway.

Four Reasons Why Gold's a Slam Dunk Investment

While I agree gold over long periods is not an "investment", it certainly does have periods where it rises in value far faster than fiat currencies decline.

Compare it to a life raft. A life raft isn't an investment either. But when the ship is sinking and you own the life raft, you could get rich really quick as the ship's occupants bid for your raft.

As the world wakes up to the bleak future of fiat currency, it could cause a rapid runup in the price of gold. What else are they going to buy?

cash? - What if they're losing 10-20% there over the next few years of a fiat currency meltdown? Will they "park" their money there for an extended period?

US stocks? - what if we see continued bleak earnings figures and a severe recession? Will they stick it out? They haven't done so in the recent past. And those dividends are paid in ...fiat currency! And if you do see capital appreciation it is in....fiat currency! So your stock has to rise more than 10-20% just to pace REAL inflation after taxes. So that stock that loses "just 10%" for a few years might in 2-3 years be worth half its original value in buying power. If investors wake up to this they might decide gold is a better "investment". What happens to gold prices when massively larger amounts of money flow into it?

Bonds? Ha. In a period of high inflation this is super risky.

Real estate? A tangible asset, right? Hey, if you think the bottom is here, go ahead. You'll get burned most likely. Good luck selling it when buyers can't get loans soon w/o 20% down and stellar credit. These are the same people who couldn't scrape up 3% before. Few will be able to save the down payment in a recession if they couldn't do it before in a boom.

And cherry picking timelines as "proof" of an investment's poor performance..... Puhleese. What if one took a look at the DOW over the last 8 years or so? Or Real estate since 2006? Silly.

False Data Clobbers the Markets

Wow, they let anyone write a column and put it here, don't they?

Talk about clueless. Yes, the data is flawed. But in the opposite direction!

Look Out FDIC

Actually it's savers that will also foot the bill, as the dollars created to fund these bailouts are not coming from tax revenue but are created by the fed.

So that $250,000 nest egg you have today may be worth about $50,000 in buying power in a a few years if we keep this up. That kind of loss goes way beyond what you're paying in taxes.

Independence Day: Decoupling Gold and Silver from the Dollar

Too cute by half and too long by a mile. "you already know the answer"

How about not trying to win a pulitzer and just write concise informative columns? I already have investing BOOKS.