Nice article but this has been known for some time among those of use who follow gold. The 'paper' gold traders are just trading paper. The funds aren't matching their fund with appropriate gold/silver reserves. The fund managers are kind of like a person who does check kiting (illegal in every state)- they're playing the float and price fluctuations.
More Thoughts on Gold and Inflation [View article]
Gold is not too high. People are showing that they want a stable currency and gold/silver is the closest thing they can find to that. Gold will continue to climb - get used to it. CNBC's slam of gold will not change the reality of this. Putting money into Gold, defers money from entering the stock market - so be it.
Could Gold Be 2009's 'Trade of the Year?' [View article]
Forget the paper stocks. Buy the physical Gold metal. There are too many discrepancies between the paper holdings and the gold reserves (aka. the gold funds aren't buying physical metal or they aren't staying up with the orders on a timely basis).
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More Thoughts on Gold and Inflation [View article]
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Could Gold Be 2009's 'Trade of the Year?' [View article]