Bloomberg: "Buy Gold"

[unlucky]

Gold Tells You U.S. Bubble Hasn’t Popped Yet: Alice Schroeder

Gold has a wicked history of being an unreliable inflation hedge. It has, though, at times been a haven against sudden currency depreciation.

[Slimprofits]

Re: Bloomberg: "Buy Gold"

something wrong with the link in your post.

http://www.bloomsberg.com/apps/news?...d=ajPCIYcGX8t4

[unlucky]

Re: Bloomberg: "Buy Gold"

something wrong with the link in your post.

http://www.bloomsberg.com/apps/news?...d=ajPCIYcGX8t4

Thanks for the fix

[rjwjr]

Re: Bloomberg: "Buy Gold"

"I’ve never been a gold bug myself. They get no respect. They are associated with survivalists, conspiracy theorists and nutcases. They are always looking for the hyperinflation that never comes. Gold bugs pay a premium over the metal price for gold and silver coins on the notion that they will need the currency, come the Apocalypse."

In the immortal words of Seinfeld...
Not that there's anything wrong with that.

[Fiat Currency]

Re: Bloomberg: "Buy Gold"

Things are getting "sportier" ...

Scotia First Canadian Bank to Deliver Gold To Your Door

Gold has long been regarded as the ultimate store of value, which is why it's so popular among the paranoid and the pessimistic. The problem (and it has been a problem as long as there have been gold bugs) with that idea is practical: Once you've bought the stuff, how do you get it back to your house without mishap?

Thanks to Bank of Nova Scotia, people who are so negative about the state of the world that they won't even go outside will now have an easier time buying bullion.

...

[Starving Steve]

Re: Bloomberg: "Buy Gold"

Gold Tells You U.S. Bubble Hasn’t Popped Yet: Alice Schroeder

How is the U.S. going to depreciate or de-value the dollar, especially when the Yuan is pegged to the dollar?

All currencies are backed with nothing, and they all float against each other. So de-value against what? And we have all seen how competitive de-valuation works, so there is no escape.

Even better, the banks in America refuse to lend anymore. Why lend when no-one has work, or if they have work now, they may not have work in future? Plus, the assets backing the loans are losing value, too. Add to that difficulty, practically no debtor has savings or equity available to cushion the risk for the lender.

This is the perfect storm. Everyone goes down the drain, worldwide, except for the producing and exporting nations--- who just may decide to stop exporting to America for dollars.

When our double-monopoly games used to end in summer, the board had double hotels on all properties. Passing GO used to pay $400, not $200. The bank was depleted in currency. IOUs were held by the winner, plus the winner had a flood of monopoly money with very little left to buy with it. The game would end when the winner seized the properties of the losers in payment for debts, and the losers would all try to end-up in jail for as long as they could remain there.

[GRG55]

Re: Bloomberg: "Buy Gold"

Things are getting "sportier"

...Thanks to Bank of Nova Scotia, people who are so negative about the state of the world that they won't even go outside will now have an easier time buying bullion...

...

This is going to create real problems.

In early 1980 it was easy to recognize the top in gold because Canadians were lining up around the block waiting to get into their bank to buy gold wafers.

How the hell are we going to tell this time???

[MulaMan]

Re: Bloomberg: "Buy Gold"

[quote=rjwjr;126111]"I’ve never been a gold bug myself. They get no respect. They are associated with survivalists, conspiracy theorists and nutcases. They are always looking for the hyperinflation that never comes. Gold bugs pay a premium over the metal price for gold and silver coins on the notion that they will need the currency, come the Apocalypse."

and what time frame? real estate always goes up? stocks always go up long term? hyperinflation never comes to America? turns out the entire "efficient market theory" taught to economists and MBA students over the past 40 years is a compelete joke - - oh well, we now need a new market theory to get suckers into the casino.

I'll bet markets work in in terms nanotechnology and chaos theory!

Seriously think about it! All those economics degrees and MBAs, much of the foundation of the teaching is 100% incorrect - this is WORLD IS FLAT TYPE STUFF going on in financial markets - tons of denial still in the "educated" financial ranks.