Gold prices going up NOT related to inflation!

[Jay]

http://finance.yahoo.com/tech-ticker...9&asset=&ccode=

I love it. How does he even have the balls to show his face at this point?

[metalman]

Re: Gold prices going up NOT related to inflation!

http://finance.yahoo.com/tech-ticker...9&asset=&ccode=

I love it. How does he even have the balls to show his face at this point?

you kidding? mish is the ideal replacement for ben stein (you rmember him, right?) on the yahoo finance blathertorium... an endless battle of the nitwits.

[gugion]

Re: Gold prices going up NOT related to inflation!

It doesn't have to do with inflation...it has to do with the falling currency which, in turn, will likely result in inflation. Gold is a currency hedge first, hasn't Eric made this point clear?

[Jay]

Re: Gold prices going up NOT related to inflation!

you kidding? mish is the ideal replacement for ben stein (you rmember him, right?) on the yahoo finance blathertorium... an endless battle of the nitwits.

So true, he also could mud wrestle with Cramer. That would be good TV.

[Jay]

Re: Gold prices going up NOT related to inflation!

It doesn't have to do with inflation...it has to do with the falling currency which, in turn, will likely result in inflation. Gold is a currency hedge first, hasn't Eric made this point clear?

Finster might also have something to say on this subject...
;)

[metalman]

Re: Gold prices going up NOT related to inflation!

It doesn't have to do with inflation...it has to do with the falling currency which, in turn, will likely result in inflation. Gold is a currency hedge first, hasn't Eric made this point clear?

he's been making the point in various ways since yr 2000 at least...

Finally, since we get asked about gold so often...



If the dollar tanks, will gold rise? In a world where capital can flow instantly to safer lands and derivatives can usually hedge nearly any currency risk, and as gold has been demonitized and demonized, gold seems an unlikely beneficiary of a collapse in equity prices and a resulting fall in the dollar. That said, if extreme exchange volatility develops and the currency futures market seizes up, a sustained and significant rise in the price of gold is likely. Worth keeping an eye on.