thannagan

Gold Price Manipulation: So What?

If you sell gold (no matter who "you" are, or why you're doing it), you are buying a (probably your own) currency. "You" may be doing this as much to prop-up your currency as to negatively affect the price of gold. And "you" may be doing it because of a need rather than a desire. The "manipulation", if that's what it is, tells two stories, doesn't it. Besides, gold has been in a rletively flat pattern for some time. Nobody has moved it a lot, for long - yet. Would you rather have more currency of the purported sellers or the gold they are dumping?

Gold as an Investment? Think Again

I feel gold is as valid a measure of relative value as any currency. I don't see the USD going up more than other world values given large continuing federal and trade deficits (not to mention monetary policy infusions). I also don't think the Euro is a consistently better forwad bet than the dollar. Europe can have inflation too. I don't think the world is coming to an end. And, I don't ever have more than 5% in GLD. But, I like it as part of my (currently hefty) cash position. Thanks for some htings to think about.