Congratulations. It really takes some big balls to make a predictions based on a trendline where you show the data that was used to fit the trend and the reader can clearly see from your graph that the fitted slope is much lower than it would be without data from 1800-1850.
Gold's Value In the 21st Century: About As Real As the Myth of El Dorado [View article]
Some people above mentioned the fact that gold was traditionally the investment of choice for common folks in India. One question that I don't know the answer to is whether that source of demand will increase or decrease as India emerges economically.
I do agree with the author that gold is not safe as a hedge of last resort. Diversifying across all currencies and asset classes is the hedge of last resort because everything can't decline relative to everything else.
Is the Equities Party Over? [View article]
Congratulations. It really takes some big balls to make a predictions based on a trendline where you show the data that was used to fit the trend and the reader can clearly see from your graph that the fitted slope is much lower than it would be without data from 1800-1850.
Gold's Value In the 21st Century: About As Real As the Myth of El Dorado [View article]
I do agree with the author that gold is not safe as a hedge of last resort. Diversifying across all currencies and asset classes is the hedge of last resort because everything can't decline relative to everything else.