E.D. Hart

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  • How Cheap Are Gold Stocks Relative to Bullion?
    Actually, I didnt win it, rather I own it. My largest position.
    Mar 28 16:46 pm |Rating: 0 0 |Link to Comment |View article
  • How Cheap Are Gold Stocks Relative to Bullion?
    I won GG and notice that UBS came out with it as their top pick among the majors for precisely the reason of higher margins, and lower costs, as well as that their gold is located in politically stable countries. I would continue to add to GG at the right price.
    Mar 28 16:45 pm |Rating: 0 0 |Link to Comment |View article
  • Is the Gold Rally Really Over?
    David,
    First you raise some valid points about credit creation. You make a good case that we are facing two options: deflation or inflation. Then you call previous SA community members "gold bugs", which is both dismissive, and implies a certain shallowness of thinking, and emotional response to the markets.

    The people I know that invest in commodities are some of the most critical thinkers, and objective analysts I know. Its not dumb money.

    I cant speak for the others, but I agree with the author. I read in Barrons in 2001 that gold was only going down because of the coming deflation.

    oops.

    Soooooo, noboby really knows what the future holds. We might be facing deflation. But that would require several unlikely events to occur concurrently.

    Yes, that Japaneese managed to deflate...this is true. But with Bernanke at the helm, as a known and committed inflater, who has written white papers on how to avoid deflation, we are most likely in inflation territory.

    The commitment, the knowledge, and most importantly the political will and motive is there to make sure deflation never happens in this country. Elections coming up, significant underreporting of real inflation to hide the governments sleight of hand, the GLOBAL growth in M3 of almost all developed countries at rates well in excess of 10%. Fortyfive, or $54 trillion in unfunded future liabilites of the US Government, the real cost of the Iraq war at $3 trillion.

    Great debts typically get inflated away--thats been the lessons of governments of Governments which promise more than they can deliver.

    Finally, the bull market in gold and commodities is a GLOBAL phenomenon. Its not confined to the major but contained US debt implosion.

    Mar 27 21:43 pm |Rating: 0 0 |Link to Comment |View article

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