cheapybob

Another Crisis Looms Right Around the Corner

Yes, cash in a SAFE currency, if there is such a thing, makes sense. Cash in US dollars is dropping in value by 1/2% a day on average, and everyone in banking and our government seem satisfied with the raping of American savers, so you'd need to be a lunatic to be in US dollars.

Roubini Hates Gold: Is He Wrong Again?

I don't agree with either view. Its really a question of how much longer the dollar maintains purchasing power. It has nothing to do with gold itself, other than that gold is real money and the dollars are just paper promises that politicians will find a way to re-neg on in time, because there is no possible way to actually repay those promises, they are now so large.

What Does ETF Money Flow Tell Us About Gold?

There are a LOT more US Dollars out there that could potentially refer to be in gold that there is gold to buy. As the worldwide debts mount, they will become more risky investments, and people will worry about thir potential loss of wealth holding them.

I the words of Will Rogers: "I'm not worried about the return ON my investment, I'm worried about the return OF my investment." Returning debased and devalued paper even with interest, isn't a return in my book.

Own Gold? Time to Fold

The author should be condemned to keeping his savings in US dollars for the next 5 years

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: The Last Carry Trade

I think the Central Banks have signaled that the suppression of gold prices is no longer their top priority. I don't expect we'll see gold sales from them as was done in the past because that would put them in a position of increasing their dollar reserves. I've also read recently that they are both not leasing out more gold, and refusing to roll older leases. Much of the supply in recent years has been from those leases and gold sales. Now the supply will be what the miners produce, which is a lot less. That explains the shortage of physical gold. As for why the price of paper gold is dropping, I thing its due to the deleveraging going on. Eventually, I think the price will rise to reflect supply and demand.

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.

The Myth of Gold as an Inflation Hedge

IMO, Gold will eventually catch up with the printing presses.

Gold: Too Volatile to Be a Safe Investment

IMO, Its the US DOLLAR that is TOO VOLATILE to be considered as a safe investment, and it is in a downtrend to hell due to the structural trade and budget deficits.

At least gold is in a long term uptrend and has fundamentals that support its rise.

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.

U.S. Dollar Paradigm Shift Underway

Boy, are YOU full of crap!!!

The US dollar is worth WHAT compared to what its supposed to be worth? Go look at your constitution. Its been debased till its almost worthless. In the early 1900's a loaf of bread was 1 CENT. Look at it now.