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Noneleft

Noneleft
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  • Gold Might Be A Good Trade, But It's A Poor Investment [View article]
    "as the economy begins heal and fear subsides, gold will likely prove to be a poor investment."

    This one statement undermines the rest of the article. The economy is not healing, and is not likely to heal. The current policies of western governments and CBs are designed to prevent it from healing to avoid the necessary pain.

    This will send long term gold prices higher, and make the innevitable pain eventually worse.
    Past ratios of platinum/silver/miners to gold price cannot outweigh this fundamental gravity IMO, although they are interesting to note.
    Aug 20, 2012. 06:33 AM | 9 Likes Like |Link to Comment
  • Socialism And Debasement Of Currency [View article]
    "I do not want FREE CAKE and my vote for the President was NOT an okay stamp to continue tax and spending"

    The politest thing I can say to you is that you definitely voted for the wrong person.
    Nov 12, 2012. 11:28 AM | 8 Likes Like |Link to Comment
  • Stocks And The Presidency: What To Expect When You're Electing [View article]
    “Re-electing Obama would be like turning the Titanic around and steering into the iceberg again.”

    - a previous SA poster
    Oct 30, 2012. 12:05 PM | 8 Likes Like |Link to Comment
  • Please Don't Get Squashed Gold Bugs - Here's A TIP [View article]
    The problem with gold is that it doesn't have any "fundamentals."

    Cobblers. Gold is more profoundly tied to fundamentals than anything else I can think of.
    Sep 10, 2012. 01:31 PM | 8 Likes Like |Link to Comment
  • Socialism And Debasement Of Currency [View article]
    From reading your comment, one could easily conclude that you don't understand the implications of currency debasement and inflation.

    The nominal price of real things (including, or perhaps especially, gold) goes up in relation to a falling currency. That means it is better to buy those things today while their nominal price is lower than it will be tomorrow.

    Whatever other arguments or academic side issues are brought to bear, it is hard to escape that as a fact of both history, and economics, given the prevailing environment and policies.
    Nov 12, 2012. 07:39 AM | 7 Likes Like |Link to Comment
  • Circle The Wagons On SPDR Gold Trust ETF [View article]
    I’ve got to say this is one bad article. It contains no application of useful information, either past or present, on economics or investing. To make it worse it was quite long - I should have stopped reading part way through but I kept going in the hope it would get better and provide some challenging arguments. Nevermind.
    Oct 3, 2012. 11:00 AM | 7 Likes Like |Link to Comment
  • Gold Prices Surge After QE3 Announcement [View article]
    "What do you all think, how high can gold go? Let us know in the comments below!"

    If it's comments you want, you should check back to the article you wrote yesterday - the one where you told people to sell gold before Bernanke's speech.
    Sep 14, 2012. 07:40 AM | 7 Likes Like |Link to Comment
  • Gold: A Seismic Move Is Coming [View article]
    Why Fox? In what way are Fox political while all other US media channels are supposedly not? In that one statement you have made a more political, biased and irrelevent point (to this forum) of all the preceding posts you criticise as being political and irrelevent. At least their comments were putting forward some reasoned opinion based on past economic policy - your one liner is just pure political prejudice.
    May 24, 2012. 12:56 PM | 7 Likes Like |Link to Comment
  • Socialism And Debasement Of Currency [View article]
    Fair enough, you're right - it's a question of priorities and policy trade offs. Your personal gain is most important to you, even if it is at other people's expense. It's your vote and your choice. You believed (wrongly in the longer run IMO) that this priority is maximised for you under #2. Now you and the rest of the country will have to live with that choice.

    The problem for #2 voters is, if all of you are going to get the money which will be robbed from the other guy - who are all these other guys and what happens when it turns out that not enough of them have enough money to give to all the #2 voters? More borrowing, more devaluation, more disincentive to work, earn, or invest, and more US decline.
    Nov 12, 2012. 02:08 PM | 6 Likes Like |Link to Comment
  • Gold Is Not An 'Investment' [View article]
    "...if you are listening to Glen Beck, really?! "

    That comment is a great example of what jhooper talks about above - "the insult tactic". It says more about the prejudices of the one who wrote it than about the actual topic of discussion.
    It is another way of saying "You are just a low brow, 19th century troglodite".

    When you have no logical argument, your only tactic is to try and embarrass or shame others into giving up theirs.

    If you listened to Glen Beck you might learn something.
    Nov 10, 2012. 06:34 AM | 6 Likes Like |Link to Comment
  • Will Gold Reach $2,500 - Buyer Beware [View article]
    "So far, although there is much pain in Europe, no country has financially collapsed. Greece has come close but was rescued, and strangely enough, it was rescued by issuing more debt. "

    Of course they have - that's why they had to be bailed out. Have you been to Greece recently? Nothing has been rescued by issuing more debt, the problem has just been prolonged and made worse. Like raising the stakes in a poker game in which you have the loosing hand - except there is no chance your opponent will fold. You can loose now or you can extend the game a bit longer and loose bigger later on.

    In this context, the problems in Greece or other indebted nations are simply made bigger by making other countries responsible for underwriting them, extending the pain to hundreds of millions of taxpayers who aren't Greek, and encouraging debtor nations to continue spending.

    The EU does not have enough net contributors to bail out all the debtor nations who will need help - therefore no problem has been solved, just extended to an ever widening circle of tax payers who are not themselves responsible for the mess (except for voting to be in the EU). The mother of all moral hazard scenarios.
    Nov 5, 2012. 09:46 AM | 6 Likes Like |Link to Comment
  • Gold And Silver Correction Will End Over The Next 2 Weeks [View article]
    "A Romney victory keeps TP activists breathing for a few years; an Obama victory means they become a historical footnote on November 7. "

    The tea party is a grass roots movement. It does not depend on Republican party leadership support and cannot be crushed by a Democratic win either.
    Precisely the opposite in fact - Obamas reign has given the TP movement life and purpose, and so has a lack of representation or influence within the Republican leadership.
    Oct 22, 2012. 11:46 AM | 6 Likes Like |Link to Comment
  • Should Precious Metals Investors Fear October? [View article]
    "At higher prices or a breakthrough in technology, say undersea mining, much more gold could become available."

    Mining gold remains hard enough on dry land, and technology for doing it more easily there has not been forthcoming.
    It seems somewhat unlikely therefore that this might be more likely to happen below the sea!

    Added to that, even technology did suddenly make it possible to take some gold from under the sea (and it would no doubt be much harder than is happening on dry land and therefore way more expensive, probably uneconomic) all the risks which apply to dry land gold mining such as geopolitical, mine collapse, labour problems, management, financial etc. are not going away.
    Oct 1, 2012. 06:27 AM | 6 Likes Like |Link to Comment
  • Will Gold Go To $3,000 No Matter Who Wins In November? [View article]
    "I can imagine that this gold talk must be an enormous distraction for the average investor who needs to fund his retirement."

    No, the distraction for people in relation to their retirement is the fact that their government is robbing them blind with deliberate and planned inflation, and by not allowing real interest to be paid on their savings, and by forcing them into risky investments at the wrong stage in their lives just to keep what they've already earned.
    Aug 21, 2012. 08:22 AM | 6 Likes Like |Link to Comment
  • Is George Soros Wrong About Gold? [View article]
    “This is also cyclical and taught at every major university in the world Where finance and Econ is taught.”

    And thereby sits one of the major problems facing the global economy of recent and future history – economics ‘education’. Widespread, entrenched, ideologically based, and historically disproven brainwashing of those who become our policy makers, opinion formers, academics and senior post holders.
    If only there had been a bit less ‘education’, we would have let a good few banks go to the wall, rather than wasting huge amounts of tax money trying to undermine normal free market economic gravity. If only there had been a bit less ‘education’, they would stop spending tax money they haven’t collected yet on wasteful programs which have nothing to do with good governance, bribing tax payers by spending their own future money, which they will have to pay back in future decades with the work of their own hands while those who spent it plan to go on enjoying prestige, power and wealth.

    The reality is economic gravity always wins in the end. You can only distort it for so long, even when bringing to bear the combined wealth (i.e. debt) of the planets largest economies.
    May 1, 2012. 06:55 AM | 6 Likes Like |Link to Comment
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