thearizona5

Invest in Oil and Stocks, Not in Fads

Rofl, every commercial wants you to sell your gold at half it's value while the other commercials want to sell you gold at twice it's value. Call me when both sides aren't trying to rip off the public.

Did Krugman Really Advocate a Housing Bubble in 2002?

It doesn't matter what Krugman's last 2 books say. In 2001, he's clearly on the hook advocating lowering interests to specifically stimulate housing. He didn't realize he was creating a bubble...the point is that his disastrous policy recommendations lead to disaster. Don't listen to his advice. It's bad for your nation's health.

Buffett Gets 'Comeuppance' After Gold Outperforms

I'm a little baffled by Buffett and his metals position. He bought a ton of silver before anyone else did and sold it off way early. If you read the writings of Buffett's father, I'm sure Buffett had it ingrained into his head the purpose of gold. Howard Buffett was a goldbug and I find it hard to believe that Buffett ignored what his father said at the dinner table every day. Buffett knows the value of Gold and Silver, but he also knows the value of real companies that produce things. Throughout history, whenever the richest men in the world take huge positions in a metals market, governments have a habit of screwing them over somehow. I'm pretty sure Buffett avoids the metals market simply because he doesn't want the governments robbing him. It's been done before.

8 Reasons ETF Investors Go for the Gold

Gresham's Law, bad money drives out good. No person in their right mind would do such a thing while they can still redeem worthless paper for the same goods.


On Apr 09 12:28 PM blog.kerdos.com wrote:

> No Sir. Gold is not money.
> When is the last time you walked in the supermarket and used gold
> coins or a gold bar to buy mayonnaise ???

8 Reasons ETF Investors Go for the Gold

lol Conan, if gold's value didn't rise during the depression, you might want to explain why everyone tried redeeming those paper dollars for gold even while those paper dollars were rising in purchasing power? Oh wait, gold was rising in purchasing power. Nevermind. Those paper dollars were destined to lose purchasing power, even in deflation because there were too many of them floating around.

Why Gold Is Overpriced

Rofl, I stopped reading when he said "we saw positive news in the housing market". I hope everyone else did as well.

Enlightening the Gold Bugs

if the author would like to pay attention to history, the purchasing power of gold outperformed the purchasing power of the dollar in the great depression. Btw, you need to learn your history. Do we even wonder why we are in this financial crisis anymore? According to his bio, Mark manages people's money. He started out at Merryl. Apparently, Merryl was hiring lousy analysts way back in 1993. No wonder they failed.