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http://www.bloomberg.com/apps/news?p...yRc&refer=home
Oh My
Mind you EVERYONE is going for Gold...Next Bubble?
Mike
Oh My
Mind you EVERYONE is going for Gold...Next Bubble?
Mike
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Re: Wall St Going for Gold!
Thought this was an interesting sign of the times as well...
Cash4Gold snaps up a slot for Super Bowl XLIII ad -
Re: Wall St Going for Gold!
this is the best line...Originally posted by Captain3D View Post
translation..."With everything going on … Cash4Gold is a wonderful outlet for people," CEO Jeff Aronson says. "People have been using their home to subsidize their lifestyle. Now they are taking things from inside the home to subsidize their lifestyle."
"People were living paycheck to paycheck before the economic depression hit. Cash4Gold is a wonderful outlet for people who'd starve if they didn't have a handy service like ours to let them sell the family jewels," CEO Jeff Aronson says. "People have been using their home to pay the bills. Now that the refi market is gone, they're selling everything they can t survive. Next they're busting up the furniture for firewood, selling drugs, buglarizing nearby upscale neighborhoods, pimping the wife, carjacking. We have expansion plans to accommodate those lifestyle changes in the future."Comment
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Re: Wall St Going for Gold!
Pimping the misses?
you sure?Comment
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Re: Wall St Going for Gold!
This is a precious Gem of a story
:-)
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Re: Wall St Going for Gold!
Originally posted by metalman View Post
Just talked to a professional financial advisor.
Their wisdom, sell your gold and go long equities!
Thanks, I'll pass;)Comment
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Re: Wall St Going for Gold!
Isn't that question number seven on the CFA Exam/Wall Street Salesperson application:Originally posted by jtabeb View PostCFA Certification Exam Question #7CFA advice on gold versus stocks over the years iTulip has been around.Q: What do you tell a client who is stupid enough to own gold and no stocks.
a. Good move! Gold is the only asset class that's held up for the past ten years. Well, I guess you won't be needing my services.
b. Gold is for goldbugs, creeps who live in caves and eat bugs. Stocks are for sophisticated investors.
c. Gold always goes down and stocks always go up, in the long term.
d. Both (b) and (c).
- 1998: Sell gold, buy stocks. The market's going up and gold has peaked.
- 1999: Sell gold, buy stocks. The market's going up and gold has peaked.
- 2000: Sell gold, buy stocks. The market's going up and gold has peaked.
- 2001: Sell gold, buy stocks. The market's experiencing volatility and gold has peaked.
- 2002: Sell gold, buy stocks. The market's experiencing volatility and gold has peaked.
- 2003: Sell gold, buy stocks. The market's bottomed and gold has peaked.
- 2004: Sell gold, buy stocks. The market's going up and gold has peaked.
- 2005: Sell gold, buy stocks. The market's going up and gold has peaked.
- 2006: Sell gold, buy stocks. The market's going up and gold has peaked.
- 2007: Sell gold, buy stocks. The market's going up and gold has peaked.
- 2008: Sell gold, buy stocks. The market's experiencing volatility and gold has peaked.
- 2009: Sell gold, buy stocks. The market's bottomed and gold has peaked.
Ed.Comment
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Re: Wall St Going for Gold!
Anyone here follow the Elliott Wave news, they say gold will be back at $600-650 soon. I think it is handy to have some, but only in little easy to trade bits to survive a couple of months of barter. Holding any more than that seems a bit silly, I'd buy land, they aren't making any more of that, but gold is just another commodity like oil, they just keep pulling it out of the ground.Comment
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Re: Wall St Going for Gold!
That's a mistake a lot of people make "but gold is just another commodity like oil".Originally posted by amacfly View Post
You might want to read up on "gold" the fourth currency for some further rumenation.Comment
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Re: Wall St Going for Gold!
I would love to, always keen to learn things I don't know. (I've recently read a great deal of Griffin, Rothbard and Mullins in trying to understand where we are now, so you can skip them.)Comment
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Re: Wall St Going for Gold!
I think there might be some bargains out there in land, but only in productive land like farm, mineral, etc, none of this residential business.Comment
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Re: Wall St Going for Gold!
Proposed motto for the thread...
http://www.nowandfutures.com/grins/g...brick_road.mp3Comment
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Re: Wall St Going for Gold!
You sure about that?Originally posted by amacfly View Post
http://www.splashvision.com/video/41...-Jumeirah.html
And:
...With The Palm, Nakheel puts Dubai on The Map. Now with The World, Nakheel puts the map on Dubai. The World consists of over 300 man made islands strategically positioned to form the shape of the world map, lying 4km off the coast of Dubai...
http://articles.privateislandsonline...e-world-dubai/
It was fun while it lasted
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Re: Wall St Going for Gold!
New guy alert! Apologize for hitting this thread like a brick out of a dark alley.
Sounds like amacfly might be referring to Robert Prechter' work. An historical permabear, he called the 'top' in 2006, with a bear market bottom due in 09/10 near $200. In my opinion, Prechter, a pioneer of considerable brilliance, has displayed a talent for shuffling the goal post to & fro, so I'm really not sure where he stands a/t/m.
Alf Field' most recent analysis tells us that we appear to have completed corrective major TWO at the Oct low $699, which would put us 3 months into impulse major THREE.
Scary, I know.In August 2003 the gold price was in the region of $350 and there were a number of conflicting views about the future direction of the gold price. Robert Prechter, for example, was predicting a move to below $253 and possibly below $200. For a number of reasons I was of the opinion that gold was in the very early stages of a major bull market. My views were thus the opposite of Prechter’s and I eventually plucked up the courage to say so.....
Major ONE up from $256 to $1,015 (actually 4 times the $255 low);
Major TWO down from $1015 to $699, say $700 (a decline of 31%);
Major THREE up from $700 to $3,500 (a Fibonacci 5 times the $500 low);
Major FOUR down from $3,500 to $2,500 (a 29% decline);
Major FIVE up from $2,500 to $10,000 (also a 4 fold increase, same as ONE)
http://news.goldseek.com/AlfField/1227596760.php
Sinclair has been saying that Field' projected highs may be closer to reality than his own trademark $1650. Sometimes I get the impression that even JS is suffering liquidity shock.
Anyway, thanks for a great board. I read you guys faithfully.Last edited by thisandthat.nowandth; January 30, 2009, 01:39 PM.Comment
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Re: Wall St Going for Gold!
via jsmineset:
Hedge funds offer to price in gold
ByJames Mackintosh and Javier Blas
Published: January 29 2009 00:15 | Last updated: January 29 2009 00:15
A hedge fund has begun offering investors the chance to have their investment denominated in gold, as worries grow over governments debasing their currencies by printing money.
Osmium Capital Management, a $178m hedge fund manager based in Bermuda, is launching a new share class allowing investors to hold shares measured as troy ounces of the fund, rather than US dollars, sterling or euros.Comment
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