Comments on: Gold Nears Record Highs on Investment Demand

By: Drew

Drew — Thu, 04 Dec 2008 04:13:19 +0000

From everything I understand Hal gold has been artificially devalued and the final control mechanism to be used will be actual price controls when everything else fails. So don't bother with ETF's they will never relinquish their dollar to hyperinflation and will continually sabotage golds real value. This keeps power in their fiat money which is all they care about. Also, anyone want to elaborate or correct me I'm still researching so I advise you don't take what I say as gospel.

By: Charles Norville

Charles Norville — Wed, 03 Dec 2008 22:41:23 +0000

Maybe investment in shares in the companies that make the ink and paper and of course the spares, for the printing presses cranking out all this 'fiat' money, especially by the US Reserve........Aus Govt could now buy up all the gold and silver mines at a cheaper price and hoard the stuff at cost price, instead of going to all these 'cake and arse' parties eg G20.

By: Greg Atkinson

Greg Atkinson — Wed, 03 Dec 2008 01:18:38 +0000

Or better still buying Yen earlier this year would have been a better bet than gold.

I am not sure the supply/demand situation will support gold at current prices for the short term. I cannot imagine for example that the demand from China India is going to be increasing for a while.

By: charles

charles — Wed, 03 Dec 2008 00:31:24 +0000

So the AUD if falling, buying us dollars would have been a more direct path.

By: NewTV.com

NewTV.com — Tue, 02 Dec 2008 02:29:19 +0000

Stay away from the ETFs, Hal.

Buy the physical silver and gold, and maybe mining stocks.

The ETFs are going to be a wreck.

By: Jon Bain

Jon Bain — Mon, 01 Dec 2008 21:19:08 +0000

Here is agood investment advice : invest in a device which can easily detect wether a yellow metal is real gold and how many carats it is.

By: Hal

Hal — Mon, 01 Dec 2008 18:19:39 +0000

Do you think that the ETF though are acting to hold down the price of gold? I've read a number of folk who seem to believe that the number of gold bought and sold this way actually is greater then the actual gold available.