mark mchugh

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  • Real Price of Gold Soars
    You're standing on the beach before the Tsunami saying, "Look! the ocean's gone!"
    Oct 07 22:53 pm |Rating: 0 0 |Link to Comment |View article
  • Common Misconceptions About the Fed and Gold
    Excellent points, Robert.
    Jul 01 13:30 pm |Rating: 0 0 |Link to Comment |View article
  • Common Misconceptions About the Fed and Gold
    Real good article, Boris.

    I'm telling you, you can't highlight the fact that the Fed is a private institution enough. People don't know! I watched Paulson's speech about expanding the powers of the Fed and not once did he mention that it is private (maybe he doesn't know). Central banks are bankers helping bankers, that's all.

    I hope your analysis is correct, because for me, the hardest part of investing has always been waiting for things to happen.

    Keep writing
    Jun 30 21:51 pm |Rating: 0 0 |Link to Comment |View article
  • Dr. Kudlow’s Prescription? Gold Diagnosis Unclear
    I've got no problem with an analyst being conservative, or KITCO. I consider this price action highly irregular and would like see some better commentary on exactly what happened.
    Jun 25 00:59 am |Rating: 0 0 |Link to Comment |View article
  • Turning Bullish on Gold and Gold Stocks
    Tireman,

    Where do you buy them?
    Apr 15 08:54 am |Rating: 0 0 |Link to Comment |View article
  • Turning Bullish on Gold and Gold Stocks
    Am I the only one who's concerned about the risks of e-gold? I've been looking at the possibility of physically holding gold and it's proving more challenging than I thought.

    Can anyone reassure me that holding GLD is just as good as having the metal and that they would never price shares that they didn't have? Or, can someone give me direction on how to safely navigate a physical purchase?
    Apr 14 19:39 pm |Rating: 0 0 |Link to Comment |View article
  • Gold’s 'Grand' Illusion
    Dan,
    It's rare for me to really enjoy an article with an opposing viewpoint, but I did enjoy the article. I must admit, I even would have agreed with the viewpoint until about two years ago. I see what I call "currency wars" on the horizon. Where all the central banks are going to try to manipulate currencies to their advantage. Sooner or later, someone, somewhere is going to demand payment in gold.

    and that's where the fun starts...
    Apr 14 19:29 pm |Rating: 0 0 |Link to Comment |View article
  • The Start of a Run for Gold
    Dan P,

    No question - we all need food and water, but we also need currency as a way to balance trading hogs, corn, water or whatever (otherwise stores would really be messy). Gold is scarce, durable and impractical, in other words, the perfect natural currency. Human beings have been forgetting and re-learning this for four thousand years. You can't trust paper money. Think about it.
    Apr 10 23:23 pm |Rating: 0 0 |Link to Comment |View article
  • Gold Bubble May Be Coming to an End
    The only reason you wouldn't want to hold at least some gold is that you don't believe the dollar will ever reach it's intrinsic value of nothing. The fiat currency trick never lasts for long, because sooner or later, somebody can't resist the urge to print their way out of trouble (like now).

    The government can print enough money to fill the grand canyon, but they could not fill an Olympic swimming pool 18" high with all their gold (if they actually still have it).

    I would define a "bubble" as anything that's perceived value is far greater than it's actual value. The real bubble is those things in your wallet called US dollars.

    Apr 02 15:27 pm |Rating: 0 0 |Link to Comment |View article
  • Ouch! This Gold Trend is Relentless
    First of all, it takes guts to admit that you've been wrong - so kudos to you. I really think you might be missing the point of what all this gold stuff is about. People are scared. Scared of falling home & equity prices, a collapsing currency and inflation that the government doesn't really even recognize. Many believe that if you print enough money, it will all work out eventually. History says different.

    Throughout recorded history, having gold got you fed, clothed and laid anywhere on the planet. I don't know what the record for longest surviving fiat currency is, but I know it ain't four thousand years. So scared people are buying gold, regardless of any technical indicators of "normal" behavior.

    I think greed shows up on charts much more rationally than fear, but you should not ignore or dismiss fear; it is as real a driving force as there is.
    Mar 07 01:51 am |Rating: 0 0 |Link to Comment |View article

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