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evan37

evan37
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  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    you can't print gold
    Jun 5, 2013. 09:36 AM | 2 Likes Like |Link to Comment
  • Dr. Doom Has Gold Going Below $1,000: Why His Thesis Is Spot On [View article]
    In a fiat currency, we the people are dependent on the government for producing, protecting, inflating/deflating, regulating and enforcing the integrity of the currency. The currency itself has no intrinsic value.

    In a metal based currency, the government and it's borrowing and spending depends first on the production and taxation of it's people.

    Alternatives to the US dollar, like gold, silver, and bitcoin, will be smacked down by the powers that be to preserve the status quo. Right now, the status quo is the petrodollar, but that will not be for much longer. As every fiat currency has found throughout history, something better will soon take it's place.
    Jun 4, 2013. 08:31 PM | 3 Likes Like |Link to Comment
  • G20 Sparks Gold's Ugly Sell-Off [View article]
    fishfryer,
    You are exactly right. Japan is the perfect example of what the US will look like in just a few years. If a central bank never allows creative destruction and asset reallocation by allowing the deflationary side of the Austrian business cycle to run its course, then you will have stagflation.
    Also, total Japanese government revenue will soon be exceeded by the interest on servicing their debt (currently above 50%). I am confounded by the doggedly persistent bond buying of the Japanese, something that is not likely to happen in the US as investors have a more independent attitude. It will be very interesting, I think when Japan has a currency crisis it will spread like wildfire to the EU and US via CB liquidity swaps. In other words, if any of the ships sink, we'll all go down together!
    Feb 16, 2013. 07:33 PM | 3 Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    Did I not just demonstrate to you that the S&P 500 vs Gold have performed similarly as stores of value...
    You know what. Never mind.
    Jan 17, 2013. 11:24 PM | 1 Like Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    Granted. If you're an active trader, gold may not be the best investment for you. If you're a sideliner like me and just want to safely preserve purchase power, gold is enticing.
    Jan 17, 2013. 11:19 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    Macro,
    I will dumb this down for you.
    I said the following,"SPY value and gold have performed similarly (both just about doubled in purchase power) over the past 100 years." This is true.

    You're describing a compounding phenomenon. Of course if you continuously reinvested your dividends back into either S&P or gold the numbers would be much higher. I'm talking about parity. If you bought 1 dollar of gold vs 1 dollar broadly across the S&P they would have performed similarly. This is what $/oz/CPI attempts to measure. When you divide $ by CPI you are in essence just measuring gold's purchase power; this is if you accept the govt's measure of CPI in the first place which is suspect.
    Jan 17, 2013. 11:13 PM | 1 Like Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    Here is another good one for you.
    http://seekingalpha.co...
    Jan 17, 2013. 10:54 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    You have to look at inflation adjusted numbers for both dollars and gold concomitantly.
    http://bit.ly/Ptos8Q
    Jan 17, 2013. 10:42 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    SPY value and gold have performed similarly (both just about doubled in purchase power) over the past 100 years. Gold, IMO, is a safer bet for my kid's piggybank.
    Jan 17, 2013. 10:23 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    http://on.wsj.com/WcfLAs
    Jan 17, 2013. 10:14 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    as measured in dollars or gold?
    Jan 17, 2013. 10:08 PM | Likes Like |Link to Comment
  • Gold Breakout In Process, Thanks To Germany [View article]
    The dollar has lost 95% of its purchase power over the past 100 years, Gold has doubled ($/oz)/CPI. This is before massive QE. What's so hard to understand?
    Jan 17, 2013. 01:54 PM | 2 Likes Like |Link to Comment
  • Global Warming Will Push Gold Higher [View article]
    Gold's value will increase as central banks print. A no-brainer.

    However, if you are a New Kaynesian or Modern Monetary Theorist you can just print up all the money you want ant then, poof! you'll be rich!

    Who cares if man is causing global warming or not. If the world's too hot, we should avoid things that might make it hotter.
    Nov 2, 2012. 09:11 PM | 1 Like Like |Link to Comment
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