Gold Barron

U.S. Mint Actions Discourage Gold Ownership

"Has it all just been a consequence of surging global demand for gold, supply chain mismanagement, and bad timing for policy decisions? Or is there something else going on here?"

Even though the law clearly states they are supposed to make gold available to their citizens, they create ridiculous excuses to keep from distributing OUR gold.

Maybe their future intentions are to confiscate the rest of OUR gold from us and make it illegal to own gold again? Or maybe they just dont have enough gold to satisfy the demand as they say?

Surely they would not lie to us!

Plenty of Room for Gold to Go Higher

There is not any "Panic" buying in gold right now. 200,000 gold eagles is nothing in a world of over 5 billion people.

Gold is not in a bubble. The price may drop in the short term to maybe $850/oz. When people use the word bubble they are implying that gold price will go back to $400-$500/oz. Never!

Is anybody expecting any good news about the economy anytime soon? If the economy ever recovers....which it probably will not in the next 5 years....then inflation will be our next crisis. Buy gold and sleep well at night.

Groundbreaking WSJ Story on Gold

I own physical gold and I think it is a pretty good hedge against inflation or in uncertain economic times.

My only concern with owning physical gold is how I will sell it when the time comes that I need to or have to. I have never tried to sell physical gold, but something tells me that when the time comes for me to sell it that I will end up getting some small percentage less than the going spot price. 10% less maybe?

I am fortunate enough to have bought my physical gold at around $450/oz a few years ago, but at the current spot price physical gold carries a pretty high premium to purchase and a high penalty to sell. I am going to roughly speculate that the spot price would have to go up 15% just to break even on a buy/sell transaction of whatever your purchase price of physical gold was just to break even.

If the US dollar crashes, then thats a whole different matter, but what if the US dollar does not crash? There were alot of people in the 70's predicting the same thing about the dollar that they are saying now.

I am just playing the devils advocate so you gold bugs please dont get your panties in a wad.

And if anyone is that confident about the price of gold going higher, then I would be happy to sell my gold eagles right now for 15% over spot. :-)

Gold Stocks Look Cheap - BMO

I would not buy any gold stock you listed in your article. Gold stocks dont necessarily go up just because the price of gold does. There are many other factors to consider when investing in gold miners that the average investor can't understand.

There is so much stock market manipulation going on by the elite class and the corruption of politicians is absolutely sickening. The average investor can not and should not trust the American stock market regardless of what the talking heads say on CNBC or what "Analysts" pumping stocks for their own personal gain say!

Long-Term Trend in Investment Demand for Silver

There is less silver above ground than gold. Silver is consumed, gold is not.

All of the silver in the world is currently valued at around 9 billion dollars. There will be silver shortages sometime in the future.

7 Myths About Gold Debunked: Bubble Warning; $600 Target?

If gold goes to $600/oz, then I will go ALL IN!!!

Gold Stocks Look Cheap - BMO

Freya,

Your missed my point completely. I too am bullish on Gold. Read my comment...I am referring to the price of gold miner stocks..not the price of gold. Buying physical gold bullion is a better investment in my opinion. The gold miners carry far more downside risk because many of them are heavily in debt and are poorly managed.

I think Gold will touch $1200 range sometime in 2010. But I am fair minded enough to not be investing all of my hard earned money in precious metals, stockpiling ammunition, and forecasting total collapse of the dollar like you and your fanatical gold buddies.

And yes, I consider it to be market manipulation when the US government is investing US citizens tax dollars in the stock market.

Book Review: What Has Government Done to Our Money and The Case for a 100 Percent Gold Dollar

Young Chuck in Montana bought a horse from a farmer for $100. The farmer agreed to deliver the horse the next day. The next day he drove up and said, 'Sorry son, but I have some bad news, the horse died.'


Chuck replied, 'Well, then just give me my money back.'The farmer said, 'Can't do that. I went and spent it already.' Chuck said, 'Ok, then, just bring me the dead horse.'


The farmer asked, 'What ya gonna do with him? Chuck said, 'I'm going to raffle him off.' The farmer said, 'You can't raffle off a dead horse!' Chuck said, 'Sure I can, Watch me. I just won't tell any body he's dead.'


A month later, the farmer met up with Chuck and asked, 'What happened with that dead horse?' Chuck said, 'I raffled him off. I sold 500 tickets at two dollars a piece and made a profit of $898.' The farmer said, 'Didn't anyone complain?' Chuck said, 'Just the guy who won. So I gave him his two dollars back.'

Chuck grew up and works now for the government. He was the one who figured out how to 'bail us out'.

As the Dollar Continues to Collapse, Where Will You Put Your Money?

The dollar is not going to "collapse". I do believe the value of the dollar will degrade over time, but many authors are using the words "collapse" and "worthless" in describing the dollar a little too loosely.

I think a modest allocation of your portfolio in physical gold and silver of say 15% minimum and 25% maximum is a good strategy. Keep the rest in cash and wait and see what happens in the next six months. Too much uncertainty right now in the markets and government decisions. The manipulation of every market thinkable is rampant. The politicians are totally corrupted by greed and power.

This whole country, from the politicians to the American sheeple themselves, has become a complete disaster.

Good luck to all!

Silver: The Other Precious Metal

Dont buy the SLV exchange traded fund! Buy physical silver bars and coins only. It seems that some of the authors on SA are missing the point of owning precious metals when they recommend ETF's like SLV or GLD. Buying silver because you think the price is going higher is a bad strategy, you should buy silver as a hedge or insurance against future inflation. What good will it be to have your money in paper markets when the system crumbles.

One of the main reasons for buying precious metals is that the currency markets are totally corrupt and manipulated. The US government is also corrupt and they lie incessantly to the American public and twist the rules to benefit their buddies on Wall Street.

And you will see that even the dealer folks selling silver are now charging 25%+ premiums when they sell it and are only offering to purchase silver at the spot price.

Greatest country is the world? I am beginning to have second thoughts!

Why I'm Selling Gold

I believe in the short term that the price of Gold will pull back to around the 850/oz level. The BRIC countries are trying their best to prop up the value of the dollar because they are so heavily invested in the dollar. They will gradually move their assets away from the dollar in a way that wont spook the currency markets. This will take time. Eventually the price of gold and silver will move much higher. I wish I knew exactly when.

Physical gold and silver are pretty much the only hard asset investments I feel comfortable buying right now. I dont even really care what the price of gold or silver is, I just want to insure and preserve my wealth.

Gold will not solve your problems, but it will pay for alot of grief.

Global Markets in Review: Pros and Cons of a Pullback

It is becoming more and more apparent to me that gold is the best investment in this economic environment. There is virtually little to no downside risk. My portfolio is currently 17% gold and silver. I am going to up that percentage to 30%.

The USA is in deep deep trouble and sadly most Americans are completely clueless. That sad reality should start setting in in about 6-9 months.

Why Gold Miners Aren't Glittering

1 week ago, everybody was scared and saying "Buy Gold". Now, for some reason because the price of gold has pulled back, it seems there are discussions about the price of gold going lower. As if 1 week means anything!!

The banks are still insolvent! Inflation is coming!! Protect yourself folks.

Gold ETF Reaches New Inventory High

Filling upi the reserves before the buying onslaught of GLD. I believe gold is set to go much much much higher.

Step Back and Take a Big Picture Look at the U.S. Dollar

Freya,

You bashed my comment in another article for suggesting investors be cautious about investing in Gold miner stocks because the stock matrket is manipulated and now your bashing the author for recommending precious metals investments due to dollar debasement?

What do you recommend people invest their money in?