lonie

Gold May Not Be Just Another Commodity Anymore

About Mark Anthony ,better known as ' Trader Mark " . Following his ideas would have you broke from two years i have looked at his his prognostications . Two years ago he ranted how FSLR was headed for the ditch on the lack Telerium . Well this ditch ran uphill from about 70 to 270 recently.
So , follow his rants for what they are worth , mostly nothing.

Gold May Not Be Just Another Commodity Anymore

Smarty Pants :

Good post . That should prove to all the comparison of the Dollar to Gold .

As i look back 60 years , gold was about 35 dollars an ounce . Today about 800 + - , so it takes about 23 times as many dollars now to buy an ounce .
Which one held it's value ?

Gold ETF Adds 36.5 Tonnes to Inventory On Rise in Demand

If there is a shortage of gold in the retail market ,then where did the tons come from? I would like to know. Thirty six tons is a truck load.

Equity Markets, Forex and Precious Metals

Good article .
Will it go up,down,sideways ? Who knows ? All i can see is the past 60 years . Gold is now some 17 times more expensive in dollars . Did Gold go up or the Dollar down. I think dollar down is the reason and i think it will continue it's slide for the bottom which i think is zero at some point in the future.

Gold and the Dollar: Putting the Relative Cart Before the Relative Horse

Good comments Otto .
Good comments by all and without a bunch of damned charts to confuse the issue.All seems to be just ( common sense).
Marxbites : Your articles submitted about what Edison and Ford said was classic.Thanks.

Gold, Silver and the Great Unwind: No Conspiracies Here

Gold may not be money , but it takes some 22 times as many dollars to buy an ounce of gold today verses some 70 years ago , about 35 dollars.
Oil about 50 times .
Did Gold become more valuable ? Don't think so . Dollar became more worthless.

Still No Inventory Reduction at GLD

Charts be damned . They can say almost anything . Remember the 80s when we were supposed to do it like the Japanese did . Damned good thing there were a few ' doubting thomases ' .

About gold. At some point about 75 years ago you could buy an ounce of gold for 35 dollars . Today about 780 dollars.
Gold to me is a constant and it takes more or less of any fiat currency to buy it and it will probably be a 'cold day in hell 'when you can but an ounce with 35 dollars again.
Us see , 35 divided by 780 = 22.28 times as many dollars to buy the same thing today as it did some 75 years ago.

Time to Buy and Hold Gold

Good article Fitz.
The picture of the trout in last article was a ' nugget'.

Will Rogers and H.L. Menken had politics nailed many years ago . Nothing has changed,except the size of the numbers.

One of H.L .Menken's quips i will never forget: If a politician had cannibals for constituents ,he would promise them Missionaries for dinner.

Appears there two different tribes of cannibals in America . Heads of Wall Street ,high finance and those that receive welfare.

Off the post subject but, Americas problem with oil could be solved in 1 year if not for the bureaucratic morass that has developed , by government and the greenie freaks. For about 1000 dollars almost any Diesel or gasoline engine could be converted to Natural Gas . They do it here in Thailand , so don't tell it can't be done. Thailand is about size of California and has over 300 fuel stations that have Natural Gas and installing more every day.
As you probably know , Propane and Natural Gas has been used for years and gives off less particulates than Diesel or Gasoline even with without pollution controls .

So, what is the problem . First is the Government and no fueling stations which is caused by the government .

If the government said ; put in fueling stations and we will subsidize to the break even point till half the vehicles in a given area are converted . Both could be accomplished in one year.

Sure, the price of Natural Gas would leap but it would only be temporary as drillers would punch holes like swiss cheese looking for Gas.

Dempse Ross

If This Comes True, You'll Be Glad You Own Gold & Silver

Refering to the Iran problem and Will Rogers quip. ( Without diplomacy wars would fall flat on their face in 2 weeks .) . So, there has been lots of ' diplomacy .