paxjds

Gold and Silver Dead Cat Bounce into Resistance Levels

The dollars dead cat bounces will eventually cease to bounce, laws of physics. Then the dollar will lay there, Dead as Dead, dead, and dead. Better be in precious metals.
Yours truly,
Noah from Genesis

Gold: Best Return for the Decade

Humbly suggest you run the same analysis starting in 1971 when Nixon took US off the gold standard in 1971, gold was $35/OZ. Better yet, go back to 1969, gold was still 35/oz, but you have a 40 YEAR analysis. You might just be very surprised.

Where's Gold Going from Here? Part 2

There is so little physical gold for a planet with almost 7 billion people, the total mined gold is like 65 ft cube. Anyone who buys gold should take physical possession, not a GLD trust. You can trust a bankster if you want, but I won't. Do not worry about statistics on physical gold, just worry about yourself taking possession.

Gold Price Appreciation Likely on Eurozone Debt Concerns

Yes, that is the fat lady singing in the background. I last heard her on a French gunboat in 1970 or 71 sailing for the US , mad as hell as we would not pay in Gold.


On Dec 16 09:42 AM ManAboutDallas wrote:

>
> The EU itself is toast, Mr. Wachtel, and because it is, its HandMaiden
> the Euro is toast, as well.
>
> The notion that the disparate nations of Europe were suddenly going
> to kiss and make nice after centuries of fighting amongst themselves
> was a Fairy Tale concocted by 20th Century daydreamers.
>
> And then to believe they were going to adopt a common currency and
> treat it with any sort of respect was piling idiocy on top of delusion.
>
>
> Watch for Germany to start making plans to resurrect the Deutschemark,
> and the French right behind them with a "new, improved" Franc.<br/>
>
> Is that the Fat Lady I hear warming up off-stage?
>
> On Dec 16 08:53 AM Cliff Wachtel wrote:

An Unbelievable Investment Opportunity in Gold

See paxjds article about 8 articles before your response on gold. Gold has gone up more than 3500 percent since coming off the
gold standard in 1971. That's 92% per year average return. A George Washington dollar is still a dollar, that's a 0% return in my book. My offer goes to you as well, I will buy the same amount of gold from you in exchange for $200,000 of this precious fiat money with George Washington on it. So don't show up to sell me the gold and keep blowing smoke, and do continue to defend the fiat currency that will be worth toilet paper in ten years. Gold bugs know the difference between gold and fiat currency, and the holder of fiat currency BEWARE. You have been advised and prefer to follow the Barnum and Bailey salesmen in Washington and Wall Street. The street savvy people and investors keep working and accumulating more gold.

On Dec 15 02:30 PM Brian McMorris wrote:

> SE, your initial point is very well taken: gold and paper are in
> the same boat, they are only worth what people think they are worth.
> Then you divert off into opinion-land where you make statements that
> the time of paper is over. Really?? Where is your crystal ball? I
> would like a look.
>
> Here is a fact you will never hear from a goldbug: there were severe
> economic cycles in the 1700s, 1800s, and 1900s up to the Great Depression.
> All occurred when the world was on the Gold Standard.
>
> Gold does nothing to insure a strong economy, controlled government
> spending or investor / consumer confidence. Gold is a severe master
> that punishes its servants. There is no accomodation with a gold
> standard for anything that goes wrong in an economy (and it has and
> will). The idea behind a fiat currency standard is that responsible
> governors (our Congress in this country), would increase money supply
> in times of stress and tighten money supply in times of plenty. The
> problem is our elected officials, not the idea of fiat currency.
>
>
> On the other hand, if we had a debt panic (and there is still plenty
> of debt under a gold standard), and people could not come up with
> the gold to trade in for their debt should it be called, there is
> NOTHING any one can do about it. That is when you have the kind of
> cataclysmic debt deflation that was common under the gold standard.
> Study your history and you will change your mind about the value
> of gold as a currency.

An Unbelievable Investment Opportunity in Gold

You can purchase Gold bullion and coins(non Collector) from a lot of dealers. I prefer Monex in California. It is a matter of building trust and personality building relationships. Always take possession IMHO. Start with a small order and build up as you develop trust.
You can also buy "Collector Grade" historic gold and silver coins from gold dealers all over the country. PCGS #1 and NGC#2 are the top rating system. IMHO a PCGS rating is usually 1 coin rating lower as NGC tends to over rate slightly. You can buy these MS rated coins also at Coin shows, sometimes I find one at a flee market, ebay sell them, and sometimes large coin dealers have them for sell on ebay in the 20-$50,000 price range.
Kitco is another great source. Many mints around the world sell them direct, some sell them thru a short list of approved dealers. China sells gold at the banks. Europe has gold in ATM machines.
Start Google searching.
Buy and take possession for the long term.


On Dec 15 03:00 PM manigambler wrote:

> J.S. Kim A truly great article. Thank you for the valuable opinions
> and information.
>
> In your eyes (and others here on the board), what is the best way
> for a common investor like myself to purchase gold for the long term?
> I have visited different websites, etc. and was hoping you could
> give me some thoughts on this.
>
> Thank you.
>
> -Julian

An Unbelievable Investment Opportunity in Gold

If there is no intrinsic value of gold:
1 then why did the US build the depository on Fort Knox
2. Why are central banks around the world buying gold to add to the Gold they already have in there safes.
3. If Gold has no value as you say, I will buy from you all the worthless gold from you that you have or can secure and pay you $10 per OZ for the worthless gold. I will buy from you $200,000 worth of Gold from you on December 29th, 2009 and meet you at noon at any Fifth Third Bank in Columbus Ohio to complete the transaction. I will gladly trade you my fiat $200,000 for your 20,000 OZ of gold that has no intrinsic value. I hope you dont mind my bringing TV cameras along to record my getting this worthless gold why you are ripping me off for $200,000 of that valuable fiat money known as the US Dollar.

On Dec 15 04:07 AM jrainspe wrote:

> EVERY HISTORICAL PIECE OF EVIDENCE indicates that adhering to a gold
> standard worsened the worldwide depression of the 30s and delayed
> the recovery of those countries that held to it.
>
> How many times does it have to be said. THERE IS NO INTRINSIC VALUE
> IN GOLD. IT IS A MERE DELUSION AND ANTICIPATION OF PEOPLE THAT MAKES
> IT VALUABLE.
>
> Absolutely nothing has any value as a means of exchange for goods
> (money) unless it is perceived as valuable by both parties. It is
> like the fairy tale of King Miser, left to sit on his pile of gold
> with nothing to do but count it again. You can't eat it, drink, smoke
> it (although I guess your mind can get "high" on the idea of it)
> or have sex with it. It has no value, except making pretty baubles.
> It's too soft for construction, not as conductive as silver, and
> is basically inert as a chemical agent.

Is Gold Bubble Popping?

The gold bubble price of $2300 ala 1980 in today's dollars will be a new floor in Gold when it is hit. We now have 25% more people on the planet, Central Banks are now buying, we have printing presses running all around the world cranking out phony fiat currency that is depreciating as fast as they come off the press, gold production has been in a steady decline for about ten years straight, banks and ATM's around the world are now selling gold to consumers(not USA). Look for Physical Gold to be $2300 before the end of 2012, and Gold to be at least $6,000 by 2020. Gold and possible silver are the only real Buy and Hold assets on the planet for at least the next ten years. Meanwhile the dollar will go down to 10-15% as will most other currencies by 2020. Buyer beware, as this time, you now know where you need to put your paper fiat currency for real wealth growth and preservation.

Gold Bubble Bursting, Or Just Another Correction and Consolidation?

Man about Dallas.
I am a political conservative and also conservative in my gold forecast. I GIVE YOUR FORECAST AT LEAST A 50% probability. But now we have an excellent range for the astute readers and investors. Buy physical Gold and Hold for long term. paxjds


On Dec 09 02:17 PM ManAboutDallas wrote:

> Both numbers are inevitable, but much sooner than your expectations.
> We'll see $2300 easily some time next year, 2010, and $6000 no later
> than your 2012.
>
> Today's Treasury auction was much worse than expected, and signals
> the start of the REAL monetisation, because what it means is that
> the Fed is soon to be the Buyer Of Last Resort for future Treasury
> auctions, which means the Money Presses which are already at redline
> RPM are going to be cranked up even faster.
>

All That Is Gold Does Not Shine

Do your analysis at the most critical point for gold in the last 50 years, when Nixon took us off the gold standard in 1971. Gold comes out much better. And with forward looking to 2020, Gold will be $6,000 or more. The Dollar and government bonds very well could be out of existence. Very Troubled times like these mandates the worlds best hedge against failing world fiat currencies, PHYSICAL Gold

Gold Bubble Bursting, Or Just Another Correction and Consolidation?

The gold bubble price of $2300 ala 1980 in today's dollars will be a new floor in gold when it is hit. We have 25% more people on the planet, central banks are buyers now, we have printing presses running around the world cranking out phony fiat currency that are depreciating as fast as they come off the press, and gold production is in a long term down. Look for physical gold to be $2300 before the end of 2012, and gold to be at least $6,000 by 2020. Physical Gold is the only long term Buy and Hold on the planet.

Gold: Despite Recent Rise, It's Still Under Water

Sometimes people whom are young do not look very far back to learn from history, and what dates are immensely important. 1971 is the most important date for gold in the last 50 years. Gold was $35/oz when Nixon took us off the Gold Standard and last week it was $1218. This dumb old retired Texas Engineer calculates on the average gold is up about 89% a year since 1971. You young fellows over at Global Investor should go back to school to learn about the best long term investment in the history of the world. You just keep knocking Gold lower, so us Texan Boys can keep raking in the POTS.

What Does Bloomberg Have Against Gold?

The only significant reference for gold analysis in the modern world is from 1971 when Nixon took us off the gold standard. Gold up 3500% the other day compared to 1971. That is 92% per year over the past 38 years.
With Obama telling us another 10 Trillion or so in deficits over the next 10 years, not counting the money to be spent on the government takeover of health care, Gold will easily go to $5,000 by 2020. For heavens sake, the dollar will not be around then, or if it is, it will only be worth 10 to 20 cents in buying power compared to today. The only thing we seem to manufacture is $money in the form of printing press dollars. Trouble with that is fewer and fewer people and nations want anything to do with the dollar. Buy gold, that is what other nations are doing. Buy Gold, that is what other nations are telling their people to do. Is America now the only nation on the planet with idiots who think the dollar is not going to default?

More Thoughts on Gold and Inflation

I could care less what tips are paying, as they will never pay the real inflation rate. Any astute observer sees food bills up and more skimpy carts by the less fortunate and the middle class. I see and pay out monthly inflation increases not reported by our illustrious government.

I have some disagreements with the author. On the supply side there is item 4. There are those who react to the stupidity of the FED and the Treasury Department in their money printing schemes. A wise man will buy gold, even neglecting most all other investments. This printing policy along with all the unfunded mandates yet to be mysteriously funded(printing press again) will enable me to agree with the author that Gold will reach $12,000.
Item 5 Other Central Banks around the world are becoming serious buyers of Gold, as apparently they know something the professor was not taught in school.
Everyone should have a core 10% in precious metals. If on can afford more, especially with present currency debasement, consider 40% in precious metals and 10% oil. This will help you sleep at night. Prosper and Live Well!

Resurrection of the Gold Standard

GOLD STANDARD
Most probably the reason we have people talking about a gold bubble is that the banksters, governments, etc want people to sell their gold and silver now at these current cheap prices. Naturally, they will be doing the buying. Once the true value of gold gets out, as per the "defacto gold standard" comment in the previous article, the game could well be up. Same goes for the Comex being short on Gold. Same for banks shorting gold.