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3 Comments
Why Gold is Likely to Keep Moving Higher [view article]
The real place to put your money is in silver. Silver is money and has industrial use. Gold will continue to surge because the dollar will continue to crumble. Inflation is much greater than the government reports. They understate it dramatically in order to controll the costs of their budget entitlements like social security. The actual deficit for this year is 4 trillion dollars by corporate standards. Silver will be $300 an ounce due to the dollar and new technology that uses silver. Gold is gold, silver is super Apr 09 05:22 PMDonald Trump - Bah Humbug! Buy, Buy, Buy! [view article]
I have two issues with this article. First of all there are many mortgages that are not sub-prime that are in danger of foreclosure. These mortgages started off with low rates for a few years and are expected to adjust this year and then next 2 years. Many of those people spent too much of their budgets for housing.The second issue involves the market "fixing" our global warming problem. There are certain aspects of our economy that fall into the category of market failure. Corporations do not absorb the cost of the pollution they create. Neither do we consumers absort that cost. These costs are market externalities. To say that the free market will pay for these external costs is tantamount to saying that the free market can create and pay for a fire department or an army. Aug 11 01:12 PM
Why the Gold Sell-Off is Unlikely to Last [view article]
A person may buy one stock for $100 and you are right the person selling that stock receives $100. And a week later if that person who bought the stock wants to sell it at a loss for lets say $80, yes someone will buy that stock for $80 and you are right again. But there was an net outflow of $20 from that sector. Jul 31 10:35 AM