Gold and gold bugs - What a yawn ! I recall the 1970's when the worst President in history; Jimmy Carter ushered in 18% inflation. The Aden sisters were the most famous gold bugs of their time, calling for $2,000 gold, Approximately 35 years later, gold is $940...How exiting and exacting ! Gold coin scammers were flourishing in the 70's as well. Historically whenever gold runs up, manipulators thrash it back down. The US government is the most prominent manipulator of all. After all, we can't print gold can we ? Obviously there is a reason our government is not on the Gold Standard. Russia has no use for high priced gold either. Whether in theory there is definite merit in high gold prices. In reality, that just won't happen. Anytime our Treasury whispers in the ear of their pals at Goldman,Goldman will make fortunes bashing gold prices down. There are a hundred better ways to lose money - gold is a phantom investment.
Gold Stocks Set for Big Advance [View article]
I recall the 1970's when the worst President in history; Jimmy Carter ushered in 18% inflation.
The Aden sisters were the most famous gold bugs of their time, calling for $2,000 gold, Approximately 35 years later, gold is $940...How exiting and exacting ! Gold coin scammers were flourishing in the 70's as well.
Historically whenever gold runs up, manipulators thrash it back down. The US government is the most prominent manipulator of all. After all, we can't print gold can we ? Obviously there is a reason our government is not on the Gold Standard.
Russia has no use for high priced gold either.
Whether in theory there is definite merit in high gold prices. In reality, that just won't happen.
Anytime our Treasury whispers in the ear of their pals at Goldman,Goldman will make fortunes bashing gold prices down. There are a hundred better ways to lose money - gold is a phantom
investment.