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  • 'Unimaginable' Prospects For Copper [View article]
    Dr. Leeb is correct, there will be a shortage of copper that will drastically effect the world. The question is when?
    I would sell the farm and buy copper, except that I don't expect it to be profitable enough during my lifetime.
    The Chinese are almost as concerned for their descendants as they are for themselves. I am willing to let future generations of people I have never met fend for themselves and am not willing to hoard copper on their behalf.
    Nov 8, 2011. 11:29 AM | Likes Like |Link to Comment
  • Gold On The Verge Of A Major Collapse [View article]
    MKW is right; in the short term any improvement in the Euro will reflect on gold and silver. (I also appreciate Venerability's comments although I don't always understand her comments.) However, the world does not revolve around the Euro. It is a given that the dollar's value will inevitably continue to decline. The Euro will, even if saved from death, be a long term invalid. The Chinese are trying to back their currency with gold. The other Sino cultures and masses of Asia look to gold acquisition for security. There was a time when the United States' ability to tax could back the currency. Obviously, that time has passed.

    The world's supply of available gold, silver, oil, potable water, and other base and precious metals is running out. I don't know how to store water, oil, and quantities of base metals, but I do know how to hold gold, silver, and other precious metals--whether physical, paper, or mining reserves.

    So I agree with the masses of Chinese, Indians, and other Asians. Gold and precious metals are the primary line of defense; then mining companies and oil companies. Regardless of the maintenance of value of the Dollar and the Euro, they will keep their value so long as our civilization endures, and maybe even longer.
    Oct 22, 2011. 11:09 PM | 1 Like Like |Link to Comment
  • Buying Opportunity Brewing For Gold, Silver As U.S. Dollar Picks Up Steam [View article]
    Dr. Duru, You are one of the few I look forward to reading. I agree with you; however, I am willing to board a little early, to be sure I won't miss the boat. There is enough blood running in the street to make careful acquisitions.
    Sep 27, 2011. 08:03 AM | Likes Like |Link to Comment
  • Gold Is For The Fool - If You Are Looking For Safety [View article]
    Sorry, I meant "please note" at the end of the article rather than "please not".
    Sep 27, 2011. 06:51 AM | Likes Like |Link to Comment
  • Gold Is For The Fool - If You Are Looking For Safety [View article]
    Gold and silver remain the best investments available.

    Sure, people with margin calls look for something to sell that has held its value and find only precious metals left, so they sell them. People who have nothing else to barter with will sell their precious metals and buy necessities. Farmers in China used to sell their daughters in bad years. So? Everything is relative. How many billionaires wouldn't be willing to trade a few billions for an extra healthy year of life?

    Gold was sold to get liquidity, and it has plummeted to its pre-August level. It would be foolish to deduct from its minor setback that it is not the best investment one can have when interest rates are practically non existent, when almost all currencies are being watered, and when the Chinese Vietnamese, Koreans, Russians and Indians want it to stabilize their economic positions and are making a floor.

    If gold and silver were not being manipulated they would dwarf the rest of the investments. Of course, even though oil has had a setback, and its consumption is being cut back by high prices, it will also rise to its proper equilibrium.

    It's amazing how an author can find one bad apple in a barrel and make global deductions about the world condition of apples.

    It's a kind of cherry picking logic in reverse. Please not, I am attacking the logic and not the author. No ad hominem arguments.
    Sep 27, 2011. 06:48 AM | 1 Like Like |Link to Comment
  • The End Of The Gold Bull As We Know It? [View article]
    Anybody with 1/2 million in gold probably spent about half or a quarter of the current price.

    This was purely a hypothetical. But tell me Ronald, do you have an answer to the question or just a wise remark? What would you rather have in place of gold?

    To misquote it: What is it that the vintner sells that is more valuable than the wine?
    Sep 13, 2011. 10:09 AM | Likes Like |Link to Comment
  • The End Of The Gold Bull As We Know It? [View article]

    Let's say a man has 1/2 million in liquid savings and 1/2 million in PMs, and that this represents the liquid one-fifth of his net wealth.

    What should he do, hold cash when he knows it's value will almost certainly continue to go down? He could hold various non PM stocks, but we have been in a recessionary trend. He can hold shares of energy stock, noting that these will probably be a good long term investment but it could be a decade before they have much value, unless the crazies push us into another meaningless war.

    Inflation seems to continue as a given. Other currencies are in trouble or trying to devalue. Isn't holding PMs the least risky of the alternatives?

    That is would you rather have cash or gold and silver, or gold and silver stocks?
    Sep 12, 2011. 02:41 PM | 1 Like Like |Link to Comment
  • Ron Paul's Long-Term Holdings Outperform The Market And Most Pros [View article]
    My gosh, you guys are starting to convince me.
    Aug 29, 2011. 11:56 AM | 2 Likes Like |Link to Comment
  • Ron Paul's Long-Term Holdings Outperform The Market And Most Pros [View article]
    I'm not a follower of Ron Paul in politics, but I do subscribe to the same investments. My advisors and friends tell me that I should be diversified and have a normal S & P portfolio. Meanwhile they keep losing money and while I admit to being on a roller coaster, my ride keeps coming out on top.
    Aug 28, 2011. 09:32 AM | 7 Likes Like |Link to Comment
  • Gold Still On Its Way To $5,000 [View article]
    Good article. In general I agree. However, I don't know if the correct figure is 5k, 4k, 6k etc. Nor do I know the timetable.

    The scenarios you set forth that would change the prediction are more than improbable. When we squandered our surplus, our wealth, and our resources on another meaningless war, we limited the alternatives. The problem wasn't in providing the benefits to the people on the economic bottom, it was waging war for perceived economic advantage; and the people at the bottom should not have to bear the brunt of the suffering for our leaders' mistakes.

    It's either QE3 or the equivalent, or widespread misery and poverty for the lowest quarter of the economic system. Rolling back social entitlements will only create conditions that lead to more crime, disease, and societal chaos. Already we have an ever increasing number of children born into poverty. America is not ready for another great depression.

    So, any responsive government will have to put more money into the system and continue all the entitlements. As a result we will see continued inflation. Because the economy is so sluggish, thus far we have not increased the velocity of money and creating more money has not caused hyperinflation.

    It is a given that gold and silver will retain their values while the dollar and euro continue to erode. The only advantage of dollars is the flexibility they give. But there is a question of how long that will continue to be the case.
    Aug 24, 2011. 02:32 PM | 1 Like Like |Link to Comment
  • Why Precious Metal Stocks Will Outshine Gold [View article]
    Buying good gold and silver miners makes sense to me; however, I believe that after you have purchased good mining stocks, following Marco Gombahr's strategy of buying drilling gold and silver companies with good management and good holdings offers a better rate of return in the long run. If only 10% of them run amok, there are still profits to be made.
    Aug 11, 2011. 04:31 PM | Likes Like |Link to Comment
  • S&P Downgrades U.S. to AA+ - We're Tied With Belgium! [View article]
    Personal attacks, ad hominem arguments, and denigrating professions don't shed much light on the subject.
    Aug 9, 2011. 12:55 PM | Likes Like |Link to Comment
  • Why I Still Don't Like Gold [View article]
    CLS Inflation is here and is inevitable; it is just a question of how much and timing. Slow velocity of money has kept us from hyper inflation. I hope that persists.

    In the meantime, people want gold and silver. From my point of view, if the donkeys were eating all the thistles and people were hoarding thistles against the coming donkey-transportation shortage, I would be happy to own thistles and watch their price rise.

    Nothing has intrinsic value, but owning gold and silver and their mines makes good sense to me. Owning energy does too, but it is all a matter of timing.

    Real men own gold and silver too.
    Aug 8, 2011. 05:26 PM | 2 Likes Like |Link to Comment
  • U.S. Credit Rating Downgrade: No Surprise to Gold Market [View article]
    MKW is right on again
    Aug 8, 2011. 04:55 PM | 1 Like Like |Link to Comment
  • S&P Downgrade of U.S. Debt Sets Up a Potential Dollar Relief Rally [View article]
    A downgrading of our rating because of the inability of some House Republicans to put the welfare of the nation ahead of politics makes perfect sense to me. The Chinese can look forward to plans of 100 or 1000 years, while our policies are made from election to election. As Winston Churchill remarked words to the effect that Democracy is the worst form of government imaginable except compared to every other system.

    Unnecessary wars in Asia and the Near East have bankrupted the economy. We cannot react by rescinding all of the welfare programs initiated in the last century. Ultimately, we have a duty not to inflict more pain on the bottom quadrant of the economic system if it can be avoided--at least not while the system allows people to inherit more money than any one could earn by working in several lifetimes. A system of high inheritance taxes with an exemption of an amount a hard working professional could accumulate within a lifetime would be equitable. If nothing else, enlightened self interest should consider the French Revolution.

    On the other hand we tax industry too much, we are killing the goose that lays the golden egg.

    Never mind philosophy, the government has no choice but to continue putting more money into circulation. Frankly, I'd rather see the money distributed to people by helicopter than to banks to use to buy Treasuries, but, none the less, there has to be more money in circulation. Helicopter Ben is not a fool. Nixon was not a liberal simply because he floated a trial balloon of the negative income tax. There will inevitably be inflation, but should not be hyper inflation considering the depressed state of the economy.

    A long term goal should be to adopt a peaceful posture and not try to police the world or enter wars over resources.
    Yes, we also need to grow the economy.

    In the mean time, if one has accumulated something, the only real refuge is in gold, silver, and their mining companies (which will come into their own). Energy resources are the next best place.
    Aug 8, 2011. 04:51 PM | Likes Like |Link to Comment