Merigolden

What Is Going On With Gold?

I wish I could be as optimistic as the writer of this article. I would be having fun playing the market instead of buying gold (not near as interesting!). When you take a look around at the opportunities available, and you lack a crystal ball, it makes good sense to be defensive with gold and silver. Mr. Pragmatist is very much off the mark here, since in my view, the state of affairs in the United States and in the world at large, is far too dark to warrant his rose colored glasses.

Will COMEX Default on Gold and Silver?

I think that is the hundred dollar question. What in the world are hoards of people doing sitting on "billions in zero interest treasuries"? Do you think it is the "herd mentality"? Most anyone I talk to, including sophisticated investors, laugh at the idea of holding physical gold. I think I am either a radical pessimist or a realist, because to me it seems ridiculous to hold instead a promise from a government that is so flat out it cannot pay interest, and one so obviously drowning in its own greed and corruption.


On Dec 22 02:12 PM secmaven wrote:

> It would seem to be only a matter of time for the tiny percentage
> of outstanding dollars necessary to be presented to the COMEX for
> delivery of precious metals to cause its stocks to be exhausted.
> Why the folks sitting on billions in zero interest Treasury bills
> don't see the relative advantage of gold given its strong investment
> performance while every other investment known to man has cratered
> is beyond me. But maybe that's why I am not among those fortunate
> folks. Do they know something the rest of us don't know?

Deflation, Monetary Velocity, and Why Gold's a Buy

Thank you smarty_pants. Yes, for obvious reasons I am interested in avenues of research, not so much in particular recommendations. This Alpha newsletter is really good. You can learn as much from the comments as from the articles. Your comment "When there are a trillion rabbits..." is a case in point.


On Nov 24 10:25 AM Smarty_Pants wrote:

> Merigolden:
>
> There are ETFs you can use for precious metal miners in general.
>
>
> The Market Vectors Gold Miners ETF (GDX). Currently trading at 25
> and change. It has been as high as the 56 in recent months and as
> low as 16. As you can see the price can be very volitile.
>
> finance.yahoo.com/q?s=...
>
> Disclaimer: I do have a position in GDX. This is not a recommendation,
> just information. Do your own homework. You alone are responsible
> for your investment decisions.

Deflation, Monetary Velocity, and Why Gold's a Buy

What a wonderful analogy! Thank you for making that concept (velocity) so crystal clear. I have been studying gold for about 7 years, and your view is neither bullish or bearish...just plain sense/logic.

So far I have been buying physical gold, but I would like to take a position in a solid gold stock, or a small mining company with good management and upside potential. Does any reader have advice for me on ways to best educate myself in this endeavor? Thanks to Alpha for a great web-site.