Felix Zulauf - Gold is a currency, not a commodity

[icm63]

http://www.ritholtz.com/blog/2010/08...elix-zulauf-2/

He says GOLD may dip to $1050 and its a great buy under or at that level.

He sees the next 5 years as very rocky ( Greece, Spain etc)

Quote ..."there are more houses for sale in Spain than the USA"...oouch !

[metalman]

Re: Felix Zulauf - Gold is a currency, not a commodity

old news is old... http://www.forum.itulip.com/forums/s...nszen?p=161353

[oddlots]

Re: Felix Zulauf - Gold is a currency, not a commodity

Wow. Great interview on many levels:

Couple of field-clearing, shorthand observations he made:

- there are more unsold homes in Spain than in the US
- at least half of US states are in worse fiscal shape than Greece

I'm only half way through, but just wanted to say thanks for posting this. I especially appreciated the long preamble discussing his career. There's something about the long personal view that clears the air and allows one to settle in and look at the point we are at now. I trust people that are willing to put their life in context (mentors etc.) even if they are no less successful-seeming as a result.

[doom&gloom]

Re: Felix Zulauf - Gold is a currency, not a commodity

not just Spain & the US kids -- check it!

http://housingstory.net/2010/07/28/t...anking-system/

[ThePythonicCow]

Re: Felix Zulauf - Gold is a currency, not a commodity

not just Spain & the US kids -- check it!

Ouch.

[oddlots]

Re: Felix Zulauf - Gold is a currency, not a commodity

The Aftermath of the Global Housing Bubble Chokes the World Banking System. Only a Coordinated Worldwide Loan Massacre Could Defeat a Japanese-Style Dead-and-Dying-of-Debt Kamikaze. Hell Approaches Us All, But Only For An Extended Period.


God I love that "headline."

[BiscayneSunrise]

Re: Felix Zulauf - Gold is a currency, not a commodity

old news is old... http://www.forum.itulip.com/forums/s...nszen?p=161353

Agree with metal. A good interview with a comprehensive overview of the macro situation. But nothing new at all. Felix is way late to the table. Complete waste of time for a well briefed iTuliper.

[doom&gloom]

Re: Felix Zulauf - Gold is a currency, not a commodity

Ouch.

yeah, that's why Latin America is my exit strategy if necessary. Countries like Argentina, Brazil, Chile have all been down that road or ruin, and seem to know how to avoid the exit ramp nowadays.