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cshrclrd » Comments » IAU

  • Why I Got Gold Wrong [View article]
    Gold is in a long term bull against all fiat currencies. You are right in thinking that gold doesnt change, just how much of a given currency is required to purchase it. The peak in 1980 has been inflation adjusted to well above 2000USFRN per oz. As it is the primary competitor of the fiat currency, it is in the gumints interest to have most people think of it as a "barborous relic" or as a pure commodity, but it differs from fiat currency in that it needs no ones signature to have value -- no guaratee -- and has no counterparty risk.
    csh
    Sep 24 16:49 pm |Rating: 0 0 |Link to Comment
  • Why I Got Gold Wrong [View article]
    What was the constitutionally provided authority for his action? There was none of sovereign citizens. Since he had no authority to take their property. But as it happens the bluff works for ignorant people who do not know otherwise. "My people perish for lack of knowledge." Hosea 4:6 and the context is a prophecy against Israel for its disobedience at that time. Wonder if there is a connection?
    -csh


    On Sep 23 02:27 PM Jimbo wrote:

    > I was a child during the great depression, but my understanding was
    > that Roosevelt seized privately held gold and raised the price of
    > gold from $20 an ounce to $35. This effectively devalued to dollar.
    > Gold mining stocks took off and The government "Primed the Pump"
    > by printing money. Every economic book I have read seems to say that
    > gold rises in price in inflation and deflation. I tends to be in
    > the doldrums during periods of price stability.
    Sep 24 08:14 am |Rating: 0 0 |Link to Comment
  • Why I Got Gold Wrong [View article]
    What reference are you willing to accept for your "true price"-- USFederal Reserve Notes?
    -csh


    On Sep 24 08:02 AM david rojas wrote:

    > Can anyone tell me what you think the true price of gold is now,
    > not the gov. manipulated spot price. Since gold is priced by the
    > dollar, Is it really going up in other currencies as well? I hope
    > this is'nt a goofy question but I really would like someone to answer.
    > You all seem to know more about the subject than me. I've only started
    > reading "seeking alpha" for a few weeks, though my instinks were
    > correct since I agree with most of you.
    > Dave
    Sep 24 08:06 am |Rating: 0 0 |Link to Comment
  • Why I Got Gold Wrong [View article]
    tulving.com for metal that actually ships in your lifetime


    On Sep 23 11:54 PM User 268370 wrote:

    > Okay, I'm convinced. Gold it is... But how does a new investor get
    > into it? Stocks? Coins? Bars? Are sites like Monex and Blanchard
    > legitimate? Where do gold bugs go to get there start?
    >
    > Thanks for sharing.
    >
    >
    Sep 24 07:36 am |Rating: 0 0 |Link to Comment
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