Wake up Bruce, you are using history to explain a future crisis. Look what is right in front of your eyes instead of looking at the past. We currently have a rogue government that is bought and paid for, there is ZERO transparency in the supposed stimulus bills, our president punishes the workers/savers and gives handouts to his banker buddies and socialist zombies, not to mention that we are now running up massive debts to fight deflation that we have no intention of paying for. I for one have had enough of all this nonsense, including your gold bashing.
You are the typical economist who thinks he can corner the market because he studies old models and graphs, all this knowledge will be useless in this crisis becuase it will shatter your mental paradigm. This is my one and only warning, if you don't put all your money in gold and silver related assets you will lose everything you have. EVERYTHING.
Rolex, you crack me up, I would like you to correlate the S&P with gold, see what happened, I bet all your gains were wiped out in the last 6 months. Oh ya, keep shorting gold you idiot.
Short gold, in a recession/depression? That is like shorting tech stocks right when they started heating up! You will lose your ass if you short gold in these conditions. If you want to make money on Gold fast then buy on the dips and sell when it goes back up, don't short it and be reeling because you got hammered.
Short gold, in a recession/depression? That is like shorting tech stocks right when they started heating up! You will lose your ass if you short gold in these conditions. If you want to make money on Gold fast then buy on the dips and sell when it goes back up, don't short it and be reeling because you got hammered.
Despite Economic Headwinds, Gold Will Outperform [View article]
People need to simply wake up and get out of the dollar. Even if the first rounds of bailouts don't raise the gold price through inflation, the second through tenth rounds will. Do you think Obama and a democratic congress will ever stop spending? Our politicians live in a false paradigm where money is spent, not earned.
All this talk about dollar rallies and the dow at the bottom is a joke, our country produces nothing and spends everything, oh yea, and there is no sign of changing this anytime soon. So all of you who continue to doubt Gold I give you this one and only warning to wake up and get out of your fiat paper and invest in commodities before it is too late.
Gold: Wealthy Investors Want Bars, Not Paper [View article]
The key is to invest in what you feel comfortable with. I started by buying a few coins here and there and then researched and invested in various gold mining companies that hold strong reserves.
CEO of AgileInvesting on Commodities [View article]
Dollar rally and $600 gold? That might happen, but I feel it is highly unlikely. We have a rogue government that lives in a false paradigm where money is printed, not earned. Our new president hasn't served a single day in office and has already propsed a 1 Trllion Dollar stimulus plan. But it is ok because he plays basketball and wants a gym in the whitehouse so he is cool.
I will stick with the 3 G'S, God, Guns, and Gold and maybe even go long on some ABX! If you think the dollar is strong and the market has hit the bottom, wake up, they are both on their knees getting ready to get kicked in the teeth.
I agree that silver is bound to double if not triple this year. Look at this summer when Gold was flirting with $1,000 and silver was around $20. Now we have $880 gold and silver is only at $10 and $11, silver looks promising.
Gold's Not the Best Investment in Inflationary Times [View article]
What are the better investments then? Other commodities? There is a factor you aren't including in your article, the "gold rush" factor. Once it starts shooting up all these numbers and charts showing tops and bottoms won't matter because the ups will be huge. I agree that silver looks like it will be a better investment, but gold mania might pan out and continue to be 70 to 1 against silver. Who knows, either way gold will continue to go up.
Remember What Happened In the Market a Year Ago? [View article]
Has anyone noticed that there continues to be bad market data ranging from job losses to manufacturing retraction but the DOW rallied 1500 points to close the year? What the hell is going on?
The Case Against Gold [View article]
You are the typical economist who thinks he can corner the market because he studies old models and graphs, all this knowledge will be useless in this crisis becuase it will shatter your mental paradigm. This is my one and only warning, if you don't put all your money in gold and silver related assets you will lose everything you have. EVERYTHING.
Gold Fever: Still a Long Way Away [View article]
12 Reasons to Short Gold [View article]
12 Reasons to Short Gold [View article]
How Gold Is Being Driven by a $4 Trillion Hallucination [View article]
Despite Economic Headwinds, Gold Will Outperform [View article]
All this talk about dollar rallies and the dow at the bottom is a joke, our country produces nothing and spends everything, oh yea, and there is no sign of changing this anytime soon. So all of you who continue to doubt Gold I give you this one and only warning to wake up and get out of your fiat paper and invest in commodities before it is too late.
Gold: Wealthy Investors Want Bars, Not Paper [View article]
The 'Reflation' Top Ten Portfolio [View article]
CEO of AgileInvesting on Commodities [View article]
I will stick with the 3 G'S, God, Guns, and Gold and maybe even go long on some ABX! If you think the dollar is strong and the market has hit the bottom, wake up, they are both on their knees getting ready to get kicked in the teeth.
Ratio of Gold to Silver [View article]
Gold's Not the Best Investment in Inflationary Times [View article]
Profiting From Bernanke's Super-Fed and Obama's Newer Deal [View article]
Remember What Happened In the Market a Year Ago? [View article]
Looking Toward 2009 [View article]
Don't Miss the Coming Gold Bull [View article]