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  • Gold Uptrend: Likely to Continue as Futures Open Interest Remains High [View article]
    Excellent article! One question about "no other country’s credit default seems imminent" though. Did anyone see the Dubai situation coming?
    Dec 08 09:05 am |Rating: +1 0 |Link to Comment
  • Former Fed Governor Mishkin Slams 'Paul Bill': Are We in Wonderland? [View article]
    I plan to use the Mishkin response if I'm audited by the IRS. "Gee, I'd LIKE to open my books to you but that would just be too dangerous. Feel free to go ahead and just trust me on this. Have a nice day!"
    Dec 03 15:56 pm |Rating: +11 0 |Link to Comment
  • Louis James on 'Best of the Best' Metal Miners [View article]
    "When is the last time you saw someone belly up to the bar and pay for his or her drink with a bag of gold dust?"

    You'll be pleased to know that there are THOUSANDS of places where you can do this today and more on the way. Check out opencurrency.com.

    Cheers!
    Nov 20 15:47 pm |Rating: +3 0 |Link to Comment
  • Nouriel Roubini, One on One: More Doom and Gloom [View article]
    I have to agree with Joseph S. And what does "stay liquid" mean? Does it mean stay in cash? Cash is like ice -- it melts while you hold it. USD used to melt at about 5% a year but those happy days are gone. Other fiat currencies have the same issue. Only time will tell what our current real inflation rate is. But one must invest (and win) just to break even. I would not be entirely out of gold, nor all-in. It's balance, baby!
    Oct 23 13:14 pm |Rating: +4 -4 |Link to Comment
  • Nouriel Roubini, One on One: More Doom and Gloom [View article]
    I have to agree with Joseph S. And what does "stay liquid" mean? Does it mean stay in cash? Cash is like ice -- it melts while you hold it. USD used to melt at about 5% a year but those happy days are gone. Other fiat currencies have the same issue. Only time will tell what our current real inflation rate is. But one must invest (and win) just to break even. I would not be entirely out of gold, nor all-in. It's balance, baby!
    Oct 23 13:13 pm |Rating: +19 -5 |Link to Comment
  • Every Economic Cloud Has a Silver Lining [View article]
    Although I am a silver investor, this was a fairly useless article. If, as you state, your primary reason for buying silver is "for the simple reason that it’s much cheaper than gold", may I suggest copper which is SERIOUSLY cheaper than gold. Or perhaps aluminum? I think I may reasonably summarize this article as "Hey gang, buy silver 'cuz I am!!"
    Sep 09 09:42 am |Rating: +5 -2 |Link to Comment
  • Inflation: It's a Crowded Trade [View article]
    Outstanding article and analysis -- thanks!
    Aug 24 15:19 pm |Rating: +2 0 |Link to Comment
  • In Defense of GLD  [View article]
    Kid, your article is long on "I happen to believe" and very short on actual data. I would recommend yesterday's J. S. Kim article "Are GLD and SLV Legitimate Investment Vehicles?" His article made me very nervous about my GLD holdings because it was rife with direct quotes from the GLD prospectus and insightful questions. Sadly, he did not share his beliefs and feelings with us.
    Jul 17 10:40 am |Rating: +7 -1 |Link to Comment
  • Why Gold Is Overpriced  [View article]
    I too was disappointed in this article. Hoping for a well-reasoned argument, all I found was a lot of "let me tell you how I feel". So let me tell you how I feel. I like gold -- it's shiny! But there's something more. Remember Einstein's Theory of Relativity and e=mc^2 ? The 'c' is an changeless constant. Gold is like that except that its value is _always_ growing slightly. The trick is: how do you measure the value of gold? I suggest using the number of loaves of bread that an oz will buy. An oz of gold will buy 500 loaves of bread today, just like it did back in 1920 (gold = $25/oz, bread = $0.05/loaf). Gold appreciates slightly over time because it is consumed (used up) by industry and in limited supply. Gold is relativistic that way. It doesn't really matter what its value is in Zimbabwean dollars (or its cousin the US dollar). And that's why, as the US dollar plummets in actual value, gold will only _seem_ to be expensive at $2000/oz. That would mean that bread would be $5/loaf and that, of course, will never happen!!
    Apr 01 13:16 pm |Rating: +7 0 |Link to Comment
  • India Has a Voracious Silver Appetite [View article]
    If I hold my assets in inflating currencies, the money I have already earned is constantly shrinking. This is like standing still on the down escalator. If I place my assets in a hard currency like silver or gold that increases in value as other currencies inflate I am, at the very least, walking up the down escalator; i.e. I halt the inflation tax.

    I say Yippee for the (gold-backed) Rupee !
    Feb 04 16:21 pm |Rating: 0 0 |Link to Comment
  • High Premiums on Silver? Better to Buy Gold [View article]
    Roland ... you're missing it.
    I am one of those oddballs buying large lots of Ag coins on EBay. I also own a significant amount of SLV. My acquisition of Ag coins is for disaster abatement purposes; specifically US currency devaluation. The govt continues to debase our currency such that your dollars are shrinking in your wallet while you read this. If an absolute disaster happens to _our_ Zimbabwean dollars, I have a backup plan. How 'bout you? If I'm wrong, that would be a good thing and I simply sell off my coins (OK, some coins ... they _are_ pretty). Probably at a decent profit. Lastly, with regard to your comment about 1930s silver crashing to 25 cents, I don't doubt this. But you have forgotten just how much breakfast that 25 cents would buy the next morning.
    Dec 02 17:35 pm |Rating: 0 0 |Link to Comment
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