I don't know anything about gold so I can't speak for the Fed and have never said that I think it is going up or down.
I am commenting on comments.
In my personal investments I am into commodities and foreign esp. emerging ETFs. My investments seem to do well when gold does well (and the $ doesn't) so I guess I am cheering for gold at the moment
I don't think the "big money" will ever get in. You have to have a certain world view to think gold will be our future currency. Folks with that world view may continue to drive the price up or move onto something new driving the price down. Some others will come along with the momentum but gold will not have anywhere near as wide of a participation as tech or housing.
I doesn't make any sense to put money into gold when there are other commodities that are priced in dollars, limited, consumed voraciously, and with prices less muddied with mania.
Of course the thumbsters and "I think the thumbs are voting that they disagree that the gold is in a mania phase". That is the nature of mania.
BTW, I get more thumbs down from the gold bugs than I would get from the tea drinkers if I commented "Obama and Ben have saved the US economy" in a "How much will F-mae and F-mac cost US tax payers" article.
I am not emotionally (or financially) invested in gold going up or down. I am just noting how energetic and anti-USA all the gold bug comments are. The comments read more like emotion than rational evaluation to me. Yours included. Can you quote me a verse for "in biblical times where it said one (Hebrew) ounce of gold could purchase 300 loaves of bread"?
I can buy the "explosive growth of a viable bourgeoisie in the traditionally most Gold-centric parts of the planet" factor. Maybe the fear folks have already pushed gold prices higher than the bourgeoisie folks will though. I think a more reliable way to profit from those bourgeoisie is with MXI, VDE, EEM and such. They will definitely want to eat, shop, and drive--with or without ornamentation.
Looks like your mastery of SA's comment placement algorithm rivals mine.
When I plug the votes into my "rule of thumb" model, I get .778. There is a 78% overlap between the tea drinkers and the gold keepers. Thank you voters for your input.
Good luck with the expensive shiny stuff and the forth-coming spending cuts. I have my popcorn and beer here eager to watch whatever develops.
Here goes the next week of last weeks tirade. The gold bugs, like the tea partiers are an energetic and passionate bunch. Wonder what the overlap percentage is?
Why Gold Is In A Bubble [View article]
bibleinvestments.com
Why Gold Is In A Bubble [View article]
I found the following site www.bibleinvestments.c...
while trying to looking into another commentors claim re: the value of gold in "biblical times".
The totality of economics is a strange and wonderful thing to ponder.
Why Gold Is In A Bubble [View article]
Why Gold Is In A Bubble [View article]
Why Gold Is In A Bubble [View article]
I am commenting on comments.
In my personal investments I am into commodities and foreign esp. emerging ETFs. My investments seem to do well when gold does well (and the $ doesn't) so I guess I am cheering for gold at the moment
World Market Update: Extravagant Gains and New Highs [View article]
Why Gold Is In A Bubble [View article]
I doesn't make any sense to put money into gold when there are other commodities that are priced in dollars, limited, consumed voraciously, and with prices less muddied with mania.
Why Gold Is In A Bubble [View article]
BTW, I get more thumbs down from the gold bugs than I would get from the tea drinkers if I commented "Obama and Ben have saved the US economy" in a "How much will F-mae and F-mac cost US tax payers" article.
I am not emotionally (or financially) invested in gold going up or down. I am just noting how energetic and anti-USA all the gold bug comments are. The comments read more like emotion than rational evaluation to me. Yours included. Can you quote me a verse for "in biblical times where it said one (Hebrew) ounce of gold could purchase 300 loaves of bread"?
What Is (and Isn’t) Driving Oil Prices [View article]
Why Gold Is In A Bubble [View article]
Why Gold Is In A Bubble [View article]
Why Gold Is In A Bubble [View article]
Looks like your mastery of SA's comment placement algorithm rivals mine.
Why Gold Is In A Bubble [View article]
When I plug the votes into my "rule of thumb" model, I get .778. There is a 78% overlap between the tea drinkers and the gold keepers. Thank you voters for your input.
Good luck with the expensive shiny stuff and the forth-coming spending cuts. I have my popcorn and beer here eager to watch whatever develops.
Why Gold Is In A Bubble [View article]
The Top Dividend Paying ETFs and Stocks [View article]