Gold

#102
#102
Gannon Goodson said:
Gold is still way up over the last decade. There's a lot of gold movers who can affect the price. Look what happened to the stock market the minute Bernanke suggested a slowdown of Q.E.: the market nosedived. The only thing propping up stock prices is inflation. I'll take my chances with real money over worthless paper. Gold has been through several corrections; it hasn't seen its high point yet.

P.S. You seem to have a hard-on for Beck. Did he do the dirty with your mother or something?
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Beck is gay. Duh.
 
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#103
#103
lawgator1 said:
It is weak, definitely.

Need more stimulus to the middle class to kick it into high gear. Pay for it by taxing capital gains over $1 million at regular ordinary income rate.

Trickle down is a fraud.
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Self immolate please for the sake of brain cells everywhere.
 
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#105
#105
lawgator1 said:
It is weak, definitely.

Need more stimulus to the middle class to kick it into high gear. Pay for it by taxing capital gains over $1 million at regular ordinary income rate.

Trickle down is a fraud.
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We have had over $1 trillion every year in stimulus since 2008 and it hasn't worked. It's time to try something different like cutting taxes.

If you raise taxes now, you will easily get a 1937-38 style recession. Uncle Ben will not allow it but he is on his way out so O will eventually get his wish and it will be the cherry that tops his turd presidency

Honestly I dare him to do it
 
#107
#107
VolsNSkinsFan said:
We have had over $1 trillion every year in stimulus since 2008 and it hasn't worked. It's time to try something different like cutting taxes.

If you raise taxes now, you will easily get a 1937-38 style recession. Uncle Ben will not allow it but he is on his way out so O will eventually get his wish and it will be the cherry that tops his turd presidency

Honestly I dare him to do it
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That just scared the shat out of Obama.
 
#108
#108
lawgator1 said:
It is weak, definitely.

Need more stimulus to the middle class to kick it into high gear. Pay for it by taxing capital gains over $1 million at regular ordinary income rate.

Trickle down is a fraud.
Click to expand...

When is it enough? So much phony money has been dropped into the US in the past 5 years and you still want more?

How much farther into debt do you want to go? Or do you think it doesn't matter?
 
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#111
#111
Velo Vol said:
Where are the gold bugs? Hyperinflation is on the way. Glenn Beck and Ron Paul told us so.
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You haven't been paying attention. Gold and silver prices are being manipulated big time. India had to come out earlier this year to prevent its citizens from buying gold and China is stockpiling gold at a record pace. Yet, with all of this demand for gold in the Far East, the price is still going down?
 
#112
#112
Velo Vol said:
Where are the gold bugs? Hyperinflation is on the way. Glenn Beck and Ron Paul told us so.
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The laws of economics are as solid as the laws of physics. You can't print that much money and not have it fall down into the general economy as inflation. It certainly hasn't happened yet, but it's going to come. You can stick your head in the sand, but an increased money supply all but guarantees it will happen.

My suspicion is right now it's all tied up in the stock market, given the artificially low interest rates making it the best bet right now. It's certainly raised stock prices...but what happens when the interest rate is no longer stomped down?
 
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#114
#114
This is interesting. The only significant run up in the price of gold that coincides with high inflation was during the '70s.

20130615_gold.jpg
 
#115
#115
Velo Vol said:
This is interesting. The only significant run up in the price of gold that coincides with high inflation was during the '70s.
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IMO, precious metals are a bad hedge against inflation, because they aren't really tied to the actual money supply in any way. I suppose it can be used as an indicator of inflation because people tend to buy into it as a hedge, but it will be large institutions that drive the change. But the gold price itself not evidence of inflation or a lack thereof. Gold is often sold to individuals through infomercials! Red flag.
 
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#116
#116
DC_Vol said:
IMO, precious metals are a bad hedge against inflation, because they aren't really tied to the actual money supply in any way. I suppose it can be used as an indicator of inflation because people tend to buy into it as a hedge, but it will be large institutions that drive the change. But the gold price itself not evidence of inflation or a lack thereof. Gold is often sold to individuals through infomercials! Red flag.
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natural flight in order to avoid inflation makes it an inflation hedge, regardless of its intrinsic value or true hedge fit.
 
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#117
#117
BigPapaVol said:
natural flight in order to avoid inflation makes it an inflation hedge, regardless of its intrinsic value or true hedge fit.
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Yes, I agree that some people flock to it when they think inflation is inevitable, but my point was it's a lousy bet.

I just think there are other things that make a more reliable hedge. Others may disagree, of course, and I'm interested in hearing their opinions.

I'm personally not sold on it and stay away from it. I was going to write some additional thoughts on it, but I'm not investment guru, so I linked an article below. It's specifically about gold. Thought it was interesting.

Gold Not Much of a Hedge Against Anything | www.forbes.com
 
#118
#118
DC_Vol said:
Yes, I agree that some people flock to it when they think inflation is inevitable, but my point was it's a lousy bet.

I just think there are other things that make a more reliable hedge. Others may disagree, of course, and I'm interested in hearing their opinions.

I'm personally not sold on it and stay away from it. I was going to write some additional thoughts on it, but I'm not investment guru, so I linked an article below. It's specifically about gold. Thought it was interesting.

Gold Not Much of a Hedge Against Anything | www.forbes.com
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Ask yourself 2 fundamental questions:
1. The present prices for Au and Ag are either at or below the cost of production. I you can't buy now, then when?
2. Name any other finite commodity that has seen high demand while simultaneously having the price fall?
 
#119
#119
The original discussion around gold was regarding it's effectiveness as a hedge against inflation. But my thoughts on your comments are below.

Rasputin_Vol said:
Ask yourself 2 fundamental questions:
1. The present prices for Au and Ag are either at or below the cost of production. I you can't buy now, then when?


I could produce crackers at a cost of $20 per cracker. That doesn't mean the market value of the cracker is $20 or higher. The cost of production means very little when ascertaining the true value.

2. Name any other finite commodity that has seen high demand while simultaneously having the price fall?

All this tells me is that gold prices behave irrationally. Just another reason I prefer to stay away. I'm not comfortable with it.
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Do you not find it strange that gold is sold through infomercials? What if Coke or Apple started running radio spots advertising what a great investment their stock was? Would it change your perception of the investment?
 
#120
#120
Rasputin_Vol said:
Ask yourself 2 fundamental questions:
1. The present prices for Au and Ag are either at or below the cost of production. I you can't buy now, then when?
2. Name any other finite commodity that has seen high demand while simultaneously having the price fall?
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The first point is close on average but not quite reality yet for gold.
 
#121
#121
DC_Vol said:
The original discussion around gold was regarding it's effectiveness as a hedge against inflation. But my thoughts on your comments are below.



Do you not find it strange that gold is sold through infomercials? What if Coke or Apple started running radio spots advertising what a great investment their stock was? Would it change your perception of the investment?
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The difference is that the gold sellers make a commission on the transaction. They aren't selling gold as much as they are selling their service in buying the gold.

A better analogy is Charles Scwab or some other brokerage advertising their services in buying Coke or Apple for you.
 
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