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wdwright

wdwright
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  • Gold miners broadly weaker, as gold futures plunge nearly $30 [View news story]
    Gold is a hedge against the results of the antics of Obama. The dollar cannot hold its own vs printing presses forever. Hard assets will eventually rule.
    Oct 11, 2013. 03:42 PM | 5 Likes Like |Link to Comment
  • The Argument For Cheaper Gold [View article]
    The Deutchmark did not go worthless. That was the Reichsmark which did so.
    Apr 22, 2013. 02:46 AM | Likes Like |Link to Comment
  • Gold: A Bright Shining Lie? [View article]
    RS "Again, you have nothing to worry about since you are in the US". If only that were true. That depends upon whether we are governed by politicians or by patriots. We are headed for painful times in the next 4 years.
    Apr 18, 2013. 06:13 PM | 6 Likes Like |Link to Comment
  • Gold may have had its "last hurrah," says SocGen, expecting $1,375/oz. by the end of the year thanks to an improving U.S. economy bringing with it a stronger dollar and higher interest rates. SocGen also notes the turn in professional sentiment as evidenced by heavy ETF redemptions. GLD -0.9% premarket. [View news story]
    There are no longer any rules that are permanent and cannot be relied upon to make business or investment decisions. The rules change on a daily basis. The Constitution becomes more irrelevant as time passes. There is no restraint to the printing of dollars which will eventually result in hyperinflation. The Congress is composed of many individuals who base their decisions upon their effect on reelection. Not all but many. This cannot end well. Precious metals may be the last safe refuge. Nothing else can be predicted with any degree of certainty. The current administration seems to be deliberately tanking the economy. Returning to strict adherence to the Constitution and the limited powers granted by the states to the federal government is the only obvious solution to the current malaise in the stock market and the overreach of the administration.
    Apr 2, 2013. 05:34 PM | 1 Like Like |Link to Comment
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