semperpax

Bankers, Economists Say Gold Is a Bubble: Here's Why You Should Ignore Them

Gold may be a hedge against inflation, but it is also insurance for the day when fiat money is worthless and you have to buy food for the family.


On Dec 28 08:27 AM Cliff Wachtel wrote:

> 1. Facts?What you say may be true, but the article was long on passion
> and opinion and short on quantitative evidence. Consider a follow
> up article in which you summarize and reference your quantifiable
> evidence.
>
> 2. Deflation? Gold is primarily an inflation hedge.FYI while gold
> may be a great long term play, timing could be tricky. Indeed, given
> the lurking sovereign debt crisis on an international and national
> and even local level (forgetting the parlous state of most individuals)
> another credit seize up and market crash could bring back DEFLATION,
> and indeed this is the primary concern of the Bank of Japan already.
>
>
> 3. Because it is priced in USD, gold tends to (though not always)
> move opposite the USD. As I've stated repeatedly in recent posts,
> the ongoing sovereign debt threat in the Euro-zone is likely to provide
> significant support for the dollar over at least the coming months,
> if not longer.
>
> 4. there is a small but real chance that if gold provides too much
> competition for fiat money, governments can simply ban its possession.
> That has happened before. Then what?
>
> 5. Finally, remember that gold too is largely a fiat currency, just
> one with a longer track record. Can't use it for much, really. In
> a real collapse, its land, food, water, and energy and other hard
> assets that have actual value.
>
> In sum, while I agree gold has a place in a portfolio, and that the
> USD and other fiat currencies are troubled, I see no real replacement
> for them at this time. Curious to hear your thoughts. see fxmarketanalysis.wordp.../

Fool's Gold (Part 2)

Mike, do you have to call everybody who disagrees with you fools? That simply transforms your argument from a thoughtful, logical statement to an emotional attack. You must watch too many politicians on TV. One of the reasons we can no longer compromise on issues is that everyone is engaged in personal attacks. It cheapens the debate.

The Mother of All Bubbles

We've got no one to blame but ourselves. We elected Obama and the criminals and idiots in Congress.

How to Profit from Possible U.S. Credit Downgrade

Could you translate that into English?


On May 26 12:20 PM JOETRADER wrote:

> What is this got yo do with CHK?

Why Commodities Belong in Your Christmas Stocking

ghty

Why Commodities Belong in Your Christmas Stocking

g

Why Commodities Belong in Your Christmas Stocking

Get out of the way