otbricki

Gold ETFs: What Went Wrong With Conventional Wisdom?

So why is the biggest economy in the world going through a massive deleveraging inflationary? 3.1 Trillion in equity value lost in the past 10 days?

Anyone buying commodities right now deserves to get burned. Eventually I hope it will turn around, but now is not the time.

Forget About a V-Shaped Recovery. Maybe a W. Or L. And What About $?

The dollar is still stronger than the currencies it is being compared to. I would expect the dollar to continue to go up as the dust from last week settles.

Gold is so sentiment driven that it is useless as a barometer of real value of a currency. It has no utilitarian value so it is not tied to economic values at all. The survivalists are right. If you really want to hedge buy something that has durable utility.

There is no way I'd buy something as useless as gold.