sheople

How Does $9000 Gold Sound?

Whatever is done, it's too bad the Federal Reserve chislers will have their sticky fingers into it.

The Tide Is Turning

Good dog and pony show. We'll see how long you can keep it up, Federal Reserve. Jobs are the meat and potoatoes and you've sent them overseas.

Tuesday Outlook: Commodities, Emerging Markets

Not a bad article, but the quote, "Nevertheless, markets are almost in free-fall. What works one day is a flop the next whether gold, bonds, currency or stocks. The powerful market trends are blowing away most technical trading systems." is somewhat inaccurate. At the risk of sounding trite, the Dow (stocks) is down over 50% off it's highs, gold is still up. That in and of itself says something about the economy and makes his quote inaccurate.

Gold Poised to Move Higher

Otbricki,

I would just comment that eating paper money is not my idea of nutrition, either. I would also reiterate out what the author has already pointed out. Paper money becomes worhless as printing presses get warmed up. Gold and Silver will hold their value. It is very easy to get caught up in the excesses that we have enjoyed. Too bad they are coming to an end and it appears, the dollar too. It's time to think outside the box (somewhat overused, but makes the point.


On Dec 28 10:09 AM otbricki wrote:

> Let us get this straight. Gold is not an investment. It does not
> return any income after purchase. It has no intrinsic value since
> it has no utilitarian value. It costs money to store. One can talk
> about fundamentals in that it is costing more to produce over time,
> but since owning it produces no income it truly has the same fundamental
> value as any other non-productive asset, i.e. zero.
>
> Gold is a hedge against currency value fluctuations. The only reason
> people buy and sell it because of its historical use as money. There
> is no other reason that it has any value.
>
> There is a reason that the value of gold drops in a famine. You can't
> eat it and you can't use it to produce food.
>
> Sooner or later people are going to realize that value of gold is
> psychological only, and our past obsession with this metal will be
> regarded as a historical curiosity.

Thursday Outlook: Commodities, Emerging Markets

Manufacturing was moved overseas. Interest rates were lowered. Our economy was largely based on what we spend. What do we expect when we run out of money? Let's not do anything to fix the problem. Let's "throw money out of helicopters". That'll help. What do we do when we get to the bottom of the hill? There's no ski lift.