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  • The New Gold Rush: Lots of Risk [View article]
    You have not mentioned the marginal cost of production, which will always eventualy drive price for any desired commodity.
    With cuurent marginal costs around $750-$850 and ounce, any drop below that price would be short lived, as it would shut down mining operations, thus reducing supply until demand would bring the price back up.
    All academic of course since gold is no longer functioning as a commodity, is is functioning as a cuurency. Until be have healthy financial and currency markets ( if ever again in the forseeable future) gold will comtinue to be a safe haven.
    Nov 04 11:05 am |Rating: +3 0 |Link to Comment
  • Be Cautious About Investing in Gold [View article]
    How naive can you be! Gold's rise had almost nothing to do with a "rumor", you really think institutions move 100's of millions of dollars based on obscure unsubstantiated articles?
    It was about the Aussies raising interest rates, which was enough to trigger a short covering rally.
    Oct 08 09:27 am |Rating: +5 0 |Link to Comment
  • Soaring Silver, Stalling Gold [View article]
    bobtrader1967-
    Silver is both an industrial metal and a precious metal. Over 70% of silver is created as a byproduct from mining other base metals. With so many base metals mines going off line, silver will be in short supply just when a rush to "poor man's gold" picks up, IMO.


    On Dec 27 03:55 AM BobTrader1967 wrote:

    > Thanks for the info Jeff, but what makes you think Silver, as opposed
    > to Gold, will be the play in 2009. Industrial demand will be abysmal...
    > check out this trading quiz, very cool freetradingquiz.com
    Dec 27 10:40 am |Rating: +5 0 |Link to Comment
  • Gold Prices: Little Correlation with Its Utility [View article]
    I am not a gold bug, but the old line about gold not having any utility and therefore not being valuable always makes me laugh, especialy coming from someone who is a supposed investment professional.
    So by your reasoning, paying a premium for beach front property is rediculous because it is in an iconvenient location. The Mona Lisa is just colored paste on canvas-I can buy those componentsd for pennies, what pay more? You can't eat it or use it for fuel.
    Read your own title- Gold Prices: Little correlation with its utility
    Dec 23 10:25 am |Rating: +5 -2 |Link to Comment
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