BrunoT

Gold, Silver and Deflation

Such simplistic arguments put forth in some of the quoted columns! "if gold didn't soar during the crash it never will!" Does it even occur to the writer that when you suck trillons of debt out of the economy and people still have hope for "saving" it, then most won't rush to gold? Only when the reality dawns will gold rise. There are many many factors pulling on the price of all assets. A single simplistic rationale won't cut it.

Does nobody recognize that if gold goes down in a "deflation" when priced in dollars that those dollars will buy you more stuff? Yet if we see inflation and you're in gold it will probably also go up and mirror that? I didn't get the impression from the comments that this was understood. Gotta stop thinking just in terms of dollars.

How much house or car or clothing or food will an oz of gold buy you? That is the important question. That is the beauty of it in a crisis. If things turn out to be good, you keep most of your investment and your job. But if things hit the fan, you are protected.

Real Price of Gold Soars

Sounds like someone has a pet theory he's sticking to no matter what.

It is interesting how the prism one views the world through can distort one's conclusions. Those predicting massive inflation would point to the fact that money will be printed to replace any lost as credit and that the entire US population will soon be on the dole. We could see quarterly "stimulous checks"

meanwhile, gas costs more than a year ago. So does bread. And gold. And personal services that are required (not luxuries and fluff). Go build a home. It costs more than a year ago despite the bad market. Go buy a car that isn't a large SUV or truck. It will cost you more. Go obtain healthcare or insurance on it. Costs more.

Asset prices can rise and fall based on MARKET CONDITIONS. It's the money supply that is inflation/deflation.

If you're in the market for buying a home and have cash to pick up cheap stocks and commodity ETFs, then you can claim deflation. For the rest of folks, it's inflation.

The International Gold Rush: Bulls May Soon Be Rewarded

CLH, way to see the macroeconomic picture and back up your opinion with reasoning. Double top? Oh yes, it MUST go down then!
Is that what the tarot cards tell you or something?

Let's see. $500B deficit projected BEFORE the mortgage and other bailouts were counted in. A recession in the works that will cause tax receipts to fall further, increasing the money printing. REAL rates of return on CDs/MM's that are way negative. War with Iran looming. Few stocks looking at anything positive for a year horizon. Gold at about 35% of its inflation adjusted high (which occured during similar economic conditions to today's)

Yeah, what a great time to sell your gold....not.

Is Gold Good Protection in a Bad Economy?

For months Norman was not quite so polite to Peter Schiff, laughing while he talked on air, interrupting, and being insulting. Now that Schiff has cleaned his clock with his predictions that came true (vs Mike's that were dead wrong) he is trying for a Hannity/Colmes type show on FoxBusiness and knows he needs the more well known Schiff to pull it off. Norman is the worst type of stock market cheerleader. He'll gladly take those who listen to him down as long as it generates some income for himself.