POLL : How many ITulipers bought physcal Gold recently

[Master Shake]

Re: POLL : How many ITulipers bought physcal Gold recently

how can the nyt can get away with bashing gold as a risky commodity gamble for 10 yrs from $250 then call it 'the safest of all investments' after it hits $1200?

friggin liars.

US conservatives have known that the "Gray Lady" was a lying, biased douchebag for many a decade.

[ASH]

Re: POLL : How many ITulipers bought physcal Gold recently

Gilroy, as in garlic?

Question 2: Much speculation is occurring bout the Euro. Some pundits say the banking systems are in a mess over there also. Perhaps as much or more so as the ones here. What is the impact of holding gold against the Euro? Will it go up or down in value? The boy has Irish citizenship.

The value of gold denominated in euros has been rising in response to fears over sovereign debt levels and the exposure of European banks to bad debt. I would think that anything bad for the euro and European banks will likely continue to be good for gold denominated in euros.

Question 3: Based upon my understanding of EJ's position on deflation (disinflation) and inflation prospects in the US, will we see a similar scenario developing in the Euro zone? Or...will the signals to hold or sell gold be different over there than here?

I don't know the answer "based upon [your] understanding of EJ's position". ;) But this is a really good question. On the one hand, based upon its track record and who has the most influence on its policy, I think the ECB is less likely to print up a big passel of euros to fight deflationary forces than is the Fed by printing dollars. In that sense, you'd think there was more of a deflationary threat in Europe. On the other hand, the political problems with the Euro are being illustrated by this crisis, and for now, doubt over the viability of the Euro as a whole is more important than the ECB's generally hawkish line on inflation. The stengthening of the dollar and gold against the Euro is a manifestation of capital fleeing the Euro in favor of assets deemed less risky. If this gets out of hand and turns into runaway capital flight, then that would be a European 'POOM'. For the moment, we seem closer to the latter, but I hesitate to predict the outcome.

[jtabeb]

Re: POLL : How many ITulipers bought physcal Gold recently

Sometimes it pays to be unsophisticated and not very glamorous. (That's a complement BTW , not an insult.)

See what I mean here:
http://dharmajoint.blogspot.com/2010...us-nation.html

[BlackVoid]

Re: POLL : How many ITulipers bought physcal Gold recently

Bought in 2007. Did not buy gold since then, only silver.

[jtabeb]

Re: POLL : How many ITulipers bought physcal Gold recently

Hey, but at least he told us Iraq had WMD and helped lead the call to war. That's something, right? :mad:

[hellstan]

Re: POLL : How many ITulipers bought physcal Gold recently

Gold and silver, regularly since march 2007.
All in all, I'm up 35 %. And intend to continue buying more or less monthly.
Storage in a bank safe. When it will get really hot here, I have several other places
of storage (not at home, not a single storage).

[vanvaley1]

Re: POLL : How many ITulipers bought physcal Gold recently

Thanks, Ash. Guess it's all one big guessing game nowadays anyway. You're opinion was appreciated. van

[jtabeb]

Re: POLL : How many ITulipers bought physcal Gold recently

Gold's a bubble, don't cha know?;)