Dave G's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/251163/comments http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=feed#comment-323157 323157
Buyers at the top of price trend will undoubtedly lose. That's why dollar cost averaging is a sounder method of accumulation.

Of course since 2001, there has been no argument that gold has outperformed stocks and bonds.

Whiel your greater fool theory may be relavant here, it is entirely possible that beleivers in fiat are the real greater fools.


On Dec 06 07:05 PM Greg Weston wrote:

> Rob: as a store of wealth, stuffing $100 bills under your mattress
> would have been better 28 years ago. You would have lost 0% nominally
> rather than 12%.
>
> Also better stores of wealth would have been the vast majority of
> stocks and bonds; plus most any bit of U.S. real estate; plus most
> fine art and antiques.
>
> Gold needs to do better than inflation in order to be a true store
> of wealth. But that won't happen unless real demand for gold rises
> faster than supply. That very well may happen, but it is hardly a
> sure thing. You're better of with TIPS.
>
> For one thing, technology will probably reduce the amount of gold
> needed for industrial applications. And gold jewelry seems to be
> much less in fashion than it was in the age of Mr. T.
>
> All that said, I have a small long position in GLD, not because of
> any fundamentals, but because I think there will be a greater fool
> out there who will overpay even more in the near future, in part
> because of the credulous reaction of so many to articles like this
> one.]]> Sun, 07 Dec 2008 13:58:04 -0500
Buyers at the top of price trend will undoubtedly lose. That's why dollar cost averaging is a sounder method of accumulation.

Of course since 2001, there has been no argument that gold has outperformed stocks and bonds.

Whiel your greater fool theory may be relavant here, it is entirely possible that beleivers in fiat are the real greater fools.


On Dec 06 07:05 PM Greg Weston wrote:

> Rob: as a store of wealth, stuffing $100 bills under your mattress
> would have been better 28 years ago. You would have lost 0% nominally
> rather than 12%.
>
> Also better stores of wealth would have been the vast majority of
> stocks and bonds; plus most any bit of U.S. real estate; plus most
> fine art and antiques.
>
> Gold needs to do better than inflation in order to be a true store
> of wealth. But that won't happen unless real demand for gold rises
> faster than supply. That very well may happen, but it is hardly a
> sure thing. You're better of with TIPS.
>
> For one thing, technology will probably reduce the amount of gold
> needed for industrial applications. And gold jewelry seems to be
> much less in fashion than it was in the age of Mr. T.
>
> All that said, I have a small long position in GLD, not because of
> any fundamentals, but because I think there will be a greater fool
> out there who will overpay even more in the near future, in part
> because of the credulous reaction of so many to articles like this
> one.]]> http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=feed#comment-323139 323139
Question is, is this a yarn or not?


On Dec 04 03:23 PM gorml94 wrote:

> How can you take a REAL PROFIT in gold or gold stocks?
> You sell,and get back highly inflated dollars.
> Unless you are heavily in debt,and wish to pay up early,what do you
> do with the dollars you "MADE"?]]> Sun, 07 Dec 2008 13:38:39 -0500
Question is, is this a yarn or not?


On Dec 04 03:23 PM gorml94 wrote:

> How can you take a REAL PROFIT in gold or gold stocks?
> You sell,and get back highly inflated dollars.
> Unless you are heavily in debt,and wish to pay up early,what do you
> do with the dollars you "MADE"?]]> http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=feed#comment-323132 323132


On Dec 04 12:13 PM Aikido wrote:

> I am suprised you hold GLD. I could never get documentation that
> says they hold the gold - I think they are part of the effort to
> hold the price of gold down.]]> Sun, 07 Dec 2008 13:32:26 -0500


On Dec 04 12:13 PM Aikido wrote:

> I am suprised you hold GLD. I could never get documentation that
> says they hold the gold - I think they are part of the effort to
> hold the price of gold down.]]> http://seekingalpha.com/article/109210-the-manipulation-of-gold-prices?source=feed#comment-323129 323129

On Dec 04 12:13 PM Aikido wrote:

> I am suprised you hold GLD. I could never get documentation that
> says they hold the gold - I think they are part of the effort to
> hold the price of gold down.]]> Sun, 07 Dec 2008 13:30:54 -0500

On Dec 04 12:13 PM Aikido wrote:

> I am suprised you hold GLD. I could never get documentation that
> says they hold the gold - I think they are part of the effort to
> hold the price of gold down.]]> http://seekingalpha.com/article/99056-an-intriguing-junior-gold-opportunity-in-auex-ventures?source=feed#comment-277365 277365 Wed, 08 Oct 2008 20:48:55 -0400 http://seekingalpha.com/article/97158-goldman-sachs-buffett-s-the-milkman-and-he-always-delivers?source=feed#comment-265250 265250 Thu, 25 Sep 2008 17:34:22 -0400 http://seekingalpha.com/article/93307-decoupling-of-physical-gold-and-paper-gold-prices?source=feed#comment-244697 244697
This craving for liquidity has created a monstrous dollar shortage that is a total illusion.Yes, the demand is there, but it is like oxygen for a man stuck inside a box; he will do anything to keep the supply coming in so he can live; make any promises, give away anything he has to keep the oxygen flowing.

How can this end? Only one way. CB's will create more oxygen, more dollars, to allow the man to breathe. He needs only to satisfy his creditors with paper, not wealth. When this finally occurs, the demand for dollars will drop, credit will loosen, commodities will behave more like they have for the past 500 years, gold will rise and companies will start making money again and presumably their stocks will rise too.

So when will this occur? When the maximum point of pain is reached by the most amount of people. A 'political' event, when the pain of not acting is greater than following the inevitable course that they must.

One more cliche is appropriate. It's always darkest before the dawn.]]> Wed, 03 Sep 2008 14:03:13 -0400
This craving for liquidity has created a monstrous dollar shortage that is a total illusion.Yes, the demand is there, but it is like oxygen for a man stuck inside a box; he will do anything to keep the supply coming in so he can live; make any promises, give away anything he has to keep the oxygen flowing.

How can this end? Only one way. CB's will create more oxygen, more dollars, to allow the man to breathe. He needs only to satisfy his creditors with paper, not wealth. When this finally occurs, the demand for dollars will drop, credit will loosen, commodities will behave more like they have for the past 500 years, gold will rise and companies will start making money again and presumably their stocks will rise too.

So when will this occur? When the maximum point of pain is reached by the most amount of people. A 'political' event, when the pain of not acting is greater than following the inevitable course that they must.

One more cliche is appropriate. It's always darkest before the dawn.]]> http://seekingalpha.com/article/92850-is-this-the-death-of-gold-silver-stocks?source=feed#comment-241231 241231 Thu, 28 Aug 2008 19:24:34 -0400 http://seekingalpha.com/article/92635-barrick-gold-higher-cash-costs-weaken-upside?source=feed#comment-239257 239257
Once again, the experts one year ago scoffed at this outcome- and now after one $trillion in interventions, there is no evidence that the over-leveraged banking/ government funding system can survive in its present form.

This stock - and the other high quality gold miners - should be trading at a premium, rather than a discount, to reflect the uncertainty of financial conditions around the world. My opinion is that investors are more a victim of de-leveraging across the board and official attempts that so far have been successful at suppressing the price of gold.

ABX remains the cheapest of all insurance policies against a collapsing $US dollar.]]> Tue, 26 Aug 2008 10:47:44 -0400
Once again, the experts one year ago scoffed at this outcome- and now after one $trillion in interventions, there is no evidence that the over-leveraged banking/ government funding system can survive in its present form.

This stock - and the other high quality gold miners - should be trading at a premium, rather than a discount, to reflect the uncertainty of financial conditions around the world. My opinion is that investors are more a victim of de-leveraging across the board and official attempts that so far have been successful at suppressing the price of gold.

ABX remains the cheapest of all insurance policies against a collapsing $US dollar.]]>