If you bought gold when we first recommended it, ten years ago, you are in a very comfortable position. Gold sells for more than 4 times as much today. But what should you do now?
November 18th, 2009 | Bill Bonner | 3 comments | ContinuedPrecious Metals
Commentary on precious metals (we really love gold) by your Daily Reckoning editors in Melbourne, Australia. Still haven’t subscribed to the Daily Reckoning? What are you waiting for… sign up here, it’s free!
A chronological listing of articles is below.
$2,000 Gold Prediction
The weekend edition of the Australian Financial Review has gold on the cover, incidentally. You can see a picture of it a few paragraphs down. Underneath the giant golden letters it reads, “Why you shouldn’t laugh about gold hitting $US2000 an oz.” But if anyone’s laughing, it’s a nervous laughter.
November 16th, 2009 | Dan Denning | 8 comments | Continued
Gold: The Ultimate Unlevered Hard Asset
In fact, something important is happening in the gold markets right now. All through the 1990s to the present day, the world’s central banks were net sellers of gold.
November 13th, 2009 | Chris Mayer | 12 comments | Continued
The Government Bureaucrats of East Germany Exist in the United States of America Today
In 1949, the Soviets and the Allies divided Germany into two parts. One part followed a traditional capitalistic path to reconstruction. The other part took the socialist road.
November 10th, 2009 | Bill Bonner | 0 comments | Continued
We Can Expect More and More People to Want to Own Gold
Gold seems to be advancing towards a new milestone – $1,100. Makes us nervous. We always feel more comfortable out in the wide, open spaces…
November 9th, 2009 | Bill Bonner | 1 comment | Continued
Historically, the Only Reserve a Central Bank Can Trust is Gold
Imagine what would have happened if pharaoh had stocked up on radicchio instead of grain? Those 7 lean years would have been a lot leaner than they were.
November 6th, 2009 | Bill Bonner | 3 comments | Continued
Price of Gold Communicates U.S. Monetary and Fiscal Policy is Lousy
It’s also possible that the Fed thinks a weak dollar will reduce America’s trade deficit, boost its export competitiveness, and lead to higher employment. We think this is a pipe dream. And we’re not talking about a lead pipe. We’re talking William Blake-style opium.
November 5th, 2009 | Dan Denning | 3 comments | Continued
India Beats China to Walk Away With 200 Tonnes of IMF Gold
India’s central bank is now the proud owner of 557 tonnes of gold. That gives it the tenth largest gold holdings among central banks. But it probably isn’t finished. Gold makes up just six percent of India’s foreign exchange reserves. There’s plenty of room for that to grow.
But don’t forget China. China has $2.3 trillion in foreign exchange reserves…
November 4th, 2009 | Dan Denning | 5 comments | Continued
Gold Outlives Paper Money, Empires and Governments
“Gold is definitely an alternative, but when we buy, the price goes up. We have to do it carefully so as not to stimulate the markets,” he added.
October 22nd, 2009 | Bill Bonner | 1 comment | Continued
Now is the Time to Find Out About Gold as Money
It’s not too late to sign up for the gold conference in Canberra next month. The conference is run by the Gold Standard Institute of Australia.
October 16th, 2009 | Dan Denning | 1 comment | Continued