E Thomas St.

Sell the Franc, Buy Gold

While I'm not a huge proponent of gold, this action has definitely made me reconsider that stance. When one country devalues explicitly in action, other countries aren't only enticed to do the same, they are almost obligated to do the same. This speaks to the possibility that gold will maintain value not by speculation upward, but by currency conversion downward.

No Gold Bubble

Wouldn't a bold declaration stating that some asset is not in a bubble despite a large gain be right in line with every other bubble that we've experienced? I don't see why gold is "different this time".

Also, for everyone going long gold, when do you plan to sell? And if you never plan to sell is that based on the belief that entire societal collapse is around the corner? And if you hold that belief firmly, wouldn't you be better off purchasing goods that will sustain you in the future (Like guns, ammo, PVC piping, solar panels) rather than trying to purchase wealth for the future?

Gold: The Only Remaining Bubble?

When does a goldbug ever sell gold? When does a goldbug ever think it is a bad time to own gold?

Hedge Fund to Measure Returns in Gold Rather than Currency

If I was your employer I'd love to pay you in gold ounces. The opportunity to screw you over would be awesome.

On Jan 30 10:03 AM clam75 wrote:

> This is pretty cool. I'm going to write U.S. Global Investors &
> ask them to do the same. I'd love it if I could draw my paycheck
> in gold ounces instead of USD.

The Shedlock-Schiff Affair: A Chronicle

Even if Mish is a nut, the question isn't invalid. Even if Schiff was "correct" what importance does that have given that he wasn't able to profit off being correct? Are there government grants for soothsaying now?

Gold $2200: What's in a Number?

Shadow Stats Inflation numbers you mean.


On Jan 29 11:27 AM dieuwer wrote:

> Using the bogus CPI numbers, the inflation adjusted high would indeed
> be around $2000 - $2600.
> But if you use the REAL inflation numbers, the inflation adjusted
> high would probably be around $5000 - $6000.

What Is Going On With Gold?

Every monetary system in the first world is fiat or a hybrid. This trope you keep pushing seems to ignore that fact. In reality every metal backed based monetary system has failed because obviously no country is using it.

On Jan 08 09:44 AM John Polomny wrote:

> The only problem with your analysis is that gold has been up every
> year for the last eight years. That includes the 4.8% gain last year.
> Your analysis that the dollar is the best of a bad lot is correct
> however a paradigm shift is slowly occuring. Every fiat monetary
> system in history has failed and this one will also. One most keep
> in mind that just because something is certain doesnt mean it is
> imminent.

Gold Poised to Move Higher

Irony defined in this comment


On Dec 29 11:16 PM SW Richmond wrote:

> What's the first rule of managing money?
>
> NEVER FALL IN LOVE WITH A POSITION.
>
> Fiat defenders tell gold bugs that they're irrational. They don't
> see that it is themselves who are clinging to the familiarity of
> their beloved fiat system. Paradigms are hard to break.
>
> The world's love affair with fiat currency is about to end in a bitter
> split. The scorned lovers of the fiat system will follow their lover
> right off the cliff.
>
> Good riddance.