Bloomberg on Gold (I don't know if to laugh or cry)

[Mega]

http://www.bloomberg.com/apps/news?p...K7_y34Mg&pos=3

I don't think even a 5 year old would try to use logic like that!

Mike

[stetts]

Re: Bloomberg on Gold (I don't know if to laugh or cry)

Laugh. :p

Take care. Stetts

[Starving Steve]

Re: Bloomberg on Gold (I don't know if to laugh or cry)

It's always interesting to admire the scenery, as we travel thru time: Hunt's Peak on the silver chart and the Brown Valley on the gold chart.
And to think that former finance minister, Gordon Brown, is now the P.M. in the UK! :rolleyes:

We have had similar economic leadership in America too. Witness Jack Welch's peak on the GE stock chart and his accummulation of $400 billion in debt for GE. Witness the Greenspan bubble in stock and real estate prices etc, not to mention the Bernanke blow-out now.

[erw698]

Re: Bloomberg on Gold (I don't know if to laugh or cry)

And people get paid to write that nonsense. Let's draw comparisons between 1988 and 2009.......wait.....there really isn't one is there.........Knucklehead

I'll keep my PM's, thanks.

[cjppjc]

Re: Bloomberg on Gold (I don't know if to laugh or cry)

If I didn't like gold this would be something I would be pointing out.


Countries were also increasing their holdings in 1980 when gold peaked at $850 an ounce, data compiled by the London-based World Gold Council show. The record was exceeded 28 years later.

20-Year Low
They sold a net 4,880 tons since 1999, as prices tumbled to a 20-year low of $251.95 an ounce, according to estimates from London-based researcher GFMS Ltd. Prices began to recover in 2001 and reached a record $1,226.56 on Dec. 3.

[Spartacus]

Re: Bloomberg on Gold (I don't know if to laugh or cry)

If I didn't like gold this would be something I would be pointing out.

Monarchies accumulated gold in several hundred-year cycles, only giving it up to fight wars ... fought to get more Gold.

Central banks bought Gold for decades until the 1980s.

Then they sold Gold for decades

Now this tiny uptick in Central Bank buying ... it's only going to last a couple of short NY minutes, huh?

ho-kay. right.

Another card carrying member of "I can twist anything to make an anti-gold case" crowd. Who's next? Crammer?

[*] if we could get Steve Jobs to buy some Gold, Enderle would do an anti-Gold article. Bet your last milli-ounce[2] on that.

[2] have you ever heard of a more absurd unit? Although I did use "centi-miles" once.