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Is Gold a Good Investment During the Credit Crunch?
This is it boys. This is how Gold rolls. Read the above paragraph again and forget all of the charts.
Extreme Opportunity in Gold
This could also mean: OIL MUST GO DOWN IN PRICE.
There is no natural law that says ratios must return to some norm.
Bespoke's Commodity Snapshot (6/10/08)
Look at those charts and tell me what the N.Y. gold closing price will be on June 18th.
Thank you very much!
Bespoke's Commodity Snapshot (6/10/08)
Take a snapshot of the world today, and unless you live in the television show the Twilight Zone or Star Trek, the snap shot will be different from all other snapshots ever taken.
What makes an economy is human action. We have six billion people on earth, all of them taking action daily. What are the possibilities that all of these players will take the same actions again simultaneously?
Look at the green areas of the above charts. Why aren't these areas extended out into the future? If they can't be accurately extended into the future, the they mean nothing.
If charts worked, there would be no markets. This is profound, study it.
Bespoke's Commodity Snapshot (6/10/08)
If something is "overbought,"... Then is must be at the same time "oversold."
If a trillion ounces of gold were bought in one hour, one could look at the buyers and claim an "overbought" situation, where another observer could look at the sellers and claim an "oversold" situation. Overbought must therefore cancel oversold, making both terms suitable only for the braindead.
Charts are history. They tell us nothing about the future because the future of a complex economy is ruled by billions of variables on an hourly basis. That Iran may or may not be attacked by the United States next week, therefore sending gold to over $1000 per oz, might be hinged on the menstrual cycle of some general's wife. Where's the chart for that?
Its obvious to me that some people write only to chum for business.
Headwinds for Gold?
The fact is that gold is a commodity money. The term, "commodity money" has been around for at least a century.
Gold is a commodity, and it is a money. Gold is used in electronics, medicine, jewelry. There is gold in your computer.
From Wikipedia, the free encyclopedia:
"Commodity money is money whose value comes from a commodity out of which it is made. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, large stones, decorated belts, shells, alcohol, cigarettes, cannabis, and candy."
Moreover, the word "currency" is incorrect in this case. Even in a fully convertible gold standard, paper receipts that are title for gold are the "currency," and the gold is the actual money.
If you want to be incorrect, you ought to do it correctly and say, "gold is money, not a commodity." In this way, you only have ONE thing wrong.
'Gold as Money' Means a Potentially Massive Rise in Valuation
In this case, one would be hard pressed to find someone to trade with.
Short Term Warning for Gold Bugs
Gold is easily moved in either direction by factors outside the gold market itself.
A "contrarian bearish reading" is nothing more than a "mainstream bullish reading."
All of the charts ever created, and all of the talk ever uttered, will never replace the fundamental fact that paper money has no backing.
Gold is Money - And Nothing Else
Quote: "If tonight you curse gold, keep this in mind when it crosses$1034, and please leave never to return."
And, what kind of crap is this???
Gold is Money - And Nothing Else
Not true. Gold is a commodity that has been used for money for thousands of years, just as salt has been used as money. If one said, "Salt is not a commodity but money," the kookieness would be the same.
Gold is a commodity money. One of many.
There is a term: "Money Crank." Some people can go overboard.
52-to-1 Just Right for Gold/Silver Ratio?
All the ratio gives us is the chance to resort to the concept of, "blah, blah, blah..."
James Turk on Gold: The Ultimate Inflation and Catastrophe Hedge
"... it is money that doesn’t have counter-party risk. In other words, you’re not reliant upon someone else’s promises for the value of that wealth..."
The problem I see here is that one is in fact reliant on the promise that his company, "Gold Money" does in fact have the gold in a vault somewhere, that the gold is pure and not debased with another metal, that the banks who own the vaults are honest, that the government will keep their word and not seize the gold on a political whim, that those doing the counting are telling the truth...
There is risk, there are promises.
Gold Prices Can Fall, Regardless of Fundamentals
Time to Buy Gold
Hard Assets Heresy: Talking Down Gold
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