E.D.Hart

No Gold Bubble

I agree with most of what you say, except the part about silver. I expect slver to rally more than gold as economic activity picks up minimally. Silver does indeed have monetary characteristics.

Gold: The Investment Bedrock of Monetary Systems

Well done, I agreed with 99% of what you said, and it was convincing and well researched. Nice article proving the benefits of owning gold and shares of companies that mine it.

First Fuel, Now Metals - Forecasts Lowered

Consider the phrase "redistribution of wealth". What does it mean?

Here in Alaska, the GOP is the predominant party. Something like 70% voted Bush lin 2004. Also heavy libertarian base. You'd think that those ideals would manifest themselves in being against "redistribution of wealth". Well we are and we are not. We are in theory, and in ideology, and whenever our taxes go to someone elses project. Such as when we resent the poor, the unemployed, the uneducated....these people should not get our wealth, that much is clear. Why should they? They didnt work for it, and it encourages them to be lazy. So, we are aghast at our taxes used to reditribute wealth to the undeserving.

But, our new rock star govenor, Sarah "Marerick" Palin has sucessfully stood up to oil companies (translation: she raised taxes on them) and she successfully increased this years dividend to include a supplemental $1200 dividend, in addition to the regular $2000 dividend (amounts are rounded).

Its not just hypocrisy, its pandering, buying votes, dishonesty, and utter nonsense to say that the GOP is against the redistribtution of wealth. (at least in Alaska).



True story, I am not making this up as Dave Barry says: My family received $9600 from the state of Alaska this year just for being a resident. Money was redistributed from the oil compnaies to the residents, no matter what the need.

Palin is a fine socialist.

What they should say in the Lower 48, if they were honest is that: "we are agaisnt the redistribution of wealth to those we decide are not politically to our advantage to reward." Or, we are against the redistribution of wealth to those we decide don't vote heavily for our canidates" or "we are against redistribution of wealth for those we decide are undeserving, and for redistirbution of wealth to those we believe are deserving."

Oh, and by the way, those who are deserving are those who need a bailout--those job creating and upstanding bankers who currently are a little short. We can redistribute some wealth to them, thats ok, because they are deserving.

See?

And please dont respond that it isn't a bailout of taxpyers dollars because the governement will be paid back, and probably make a profit to boot. (as a Barrons editorial has recently claimed ). After all is said and done the best economists are predicting a 1.5 trillion price tag--for all costs from the current crisis. Some of that costs will be recouped, but not all...

and thats redistribution baby.

If This Comes True, You'll Be Glad You Own Gold & Silver

The British were the greatest Empire the world had ever seen up to that point, with unassailable naval power, and the greatest economic power to boot.

Hence the saying, "the Sun never sets on the British Empire".

It was common knowledge of all, and nearly universally believed that the British Pound Sterling would reign supreme over the new millennium of the 20th Century, as it had in the 19th Century.

It was simply inconceivable to the Brits and their trading partners that the Sterling wouldn't be the reserve currency of the world for at least another 1000 years.

Until, the dollar came along and replaced it.

Oops, never mind.

Those who hold their wealth in dollars are at risk of repeating this awful history.

Why not diversify your currency exposure?