cheapybob

Hang on to Your Gold

I think the dollar will be devalued soon.

Is It Time to Buy Gold?

"Gold is money, and NOTHING else is" - J. Pierpont Morgan

"Paper is poverty" - Thomas Jefferson

Is It Time to Buy Gold?

"Gold is money, and NOTHING else is" - J. Pierpont Morgan

"Paper is poverty" - Thomas Jefferson

Gold Bugs Beware

"Gold is money, and nothing else is." - J. Pierpont Morgan

If you notice, the COT commercials short position has been declining since 7/15 when gold was $981. I think if you look back in the data you'll find the commercial short position is lowest when the price is low, and maxes out when it peaks.

Gold Bugs Beware

"Gold is money, and nothing else is." - J. Pierpont Morgan

If you notice, the COT commercials short position has been declining since 7/15 when gold was $981. I think if you look back in the data you'll find the commercial short position is lowest when the price is low, and maxes out when it peaks.

Gold’s 'Grand' Illusion

Chavez or another country disenchanted with the confetti paper dollars will buy all the IMF gold they want to sell, and that will be the end of that argument. The dollar has no where to go but down further, IMO, until the real budget (ie including the war and SS money) and trade deficits end.

Is it Finally Time to Sell Gold and Related Mining Stocks?

I really don't see gold going much lower before foreign buyers, drowning in US dollars, decide to shift some of it to gold.