Seeking Alpha

debtacid » Comments » GLD

  • A Market Rally in Monopoly Money [View article]
    I know it's old fashioned, maybe even blasphemy, but one look at dividends and P/E ratios shows that computers are not very good investors. They are paying more and getting less.
    GOOG - 34
    BAC -38
    WFC - 36
    TOLL - NONE
    AAPL - 32
    C - NONE
    GS - 39
    JPM - 141
    YHOO - 5000 !!!!!
    Sep 22 02:10 am |Rating: 0 0 |Link to Comment
  • A Market Rally in Monopoly Money [View article]
    I know it's old fashioned but one look at dividends and P/E ratios shows that investors are paying more and getting less.
    GOOG
    Sep 22 01:58 am |Rating: +2 0 |Link to Comment
  • Are GLD and SLV Legitimate Investment Vehicles? [View article]
    This may be speculation but speculation is all we have left. I’d take an ounce of solid speculation over a ton of “facts” provided by the oligarchs of high finance…
    Jul 16 11:05 am |Rating: +8 -4 |Link to Comment
  • Groundbreaking WSJ Story on Gold [View article]
    If money and banking were honest, gold would be easy to use. Just put your gold in a an insured gold depository that does not engage in fractional reserve lending. Then you could pay for goods and services in gold using a gold asset card. You could even loan your gold out and collect interest on it. Banks would be become obsolete throwbacks to a time of fraud and corruption. Imagine a world with honest money, no federal reserve, no irs and small government.
    Jul 09 17:16 pm |Rating: +20 -3 |Link to Comment
  • Has Gold Been Manipulated? [View article]
    How naïve can you get? Of course gold is manipulated by the fed. Why do you think they continue to hoard it even though we have been off the gold standard since 1971. Why don’t they just give it away in cereal boxes? The reason they continue to hoard it so they can control the price. If gold was in popular circulation, the dollar would have hyper inflated against it long ago. Gold is like kryptonite against a fiat currency so it must be tightly controlled. Of course, for some there will never be enough “facts” to “prove” manipulation but we aren’t talking about a court of law here. We are talking about bankers who are above the law.
    May 20 13:26 pm |Rating: +7 -2 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    Where are my watchlist articles on Seeking Alpha? This new "microblogging" format sucks! I had a watchlist but now I'm a follower? I don't think so. And why do I have to send an email to the developers? Why can't I just comment on their lame changes. Keep it simple...
    Apr 06 12:59 pm |Rating: +2 0 |Link to Comment
  • AIG Bailout Exceeds Value of Fort Knox Gold [View article]
    Remember that Goldfinger didn’t want to steal the gold, he wanted to nuke it to increase the value of his existing gold holdings. He simply wanted to create a massive asset bubble. Maybe we should bring him back to solve the housing "crisis"
    Apr 02 07:35 am |Rating: +3 0 |Link to Comment
  • Stocks Rally Thursday on Mortgage News [View article]
    A more accurate headline would be: Bailout puppeteers animate Wall Street corpse using fishing line and electric shocks...
    Feb 13 22:51 pm |Rating: 0 0 |Link to Comment
  • Dollar Goes Down Along with Bailout Plan [View article]
    The bailout rejection should not have been a surprise at all. Democrats did everything they could to sabotage it and blame the hapless Republicans. And McCain fell for the setup like a prize sap.
    Sep 29 21:10 pm |Rating: 0 0 |Link to Comment
  • The Disconnect Between Supply and Demand in Gold and Silver Markets, Part II [View article]
    Great but a little long winded. Governments know that gold is the ultimate hedge and that’s why they have never stopped hoarding it, even though they abandoned the gold standard in 1971. The way things are, I’m sure that governments are secretly trying to add to their physical inventory so it makes perfect sense that they would use paper gold to scare physical gold holders in to selling at the paper price. But I think gold holders are way too smart to fall for it.
    Aug 25 13:33 pm |Rating: 0 0 |Link to Comment
  • The Disconnect Between Supply and Demand in Gold & Silver Markets  [View article]
    How can anyone be surprised that central bankers would lie and manipulate their stores of gold? That's the nature of fractional reserve banking and they have been doing it for a thousand years. For me, panic selling is just another opportunity to pick up a little more gold, silver, and ammo…
    Aug 19 03:56 am |Rating: 0 0 |Link to Comment
  • The Case for Gold Today [View article]
    If gold was re-monetized today, how much would it be?

    I know this is a massive over simplification but still fun:

    Given the $12 trillion fiat dollar supply today, the U.S. price of gold should be $46,875 an ounce.

    The biggest gold bug, the U.S. Treasury, is hoarding 8,000 tons of gold which adds up to 256 million ounces.

    12 trillion divided by 256 million = $46,875.

    Given that the dollar is the world's reserve currency, world gold should be $12,500 an ounce.

    The world gold reserves are 960 million ounces.

    12 trillion divided by 960 million = $12,500.

    I'd rather be a gold bug than a fiat fool. Fiat currencies always fail spectacularly and suddenly.
    Jul 28 13:03 pm |Rating: 0 0 |Link to Comment
More on GLD by debtacid
Comments by Ticker
debtacid's
Comments Stats
216 comments
Rating: 289 (389 - 100 )