Comments on: Historical Trends of the Price of Gold During Recessionary Periods http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 10:39:45 -0600 http://wordpress.org/?v=2.8 hourly 1 By: David Kratochvil http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/comment-page-1/#comment-54956 David Kratochvil Mon, 01 Dec 2008 04:23:28 +0000 http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/#comment-54956 While I agree that gold is likely to appreciate as paper currencies loose their value in the near term I do not believe that gold is an asset worth holding in a long term as gold does not create wealth. While I agree that gold is likely to appreciate as paper currencies loose their value in the near term I do not believe that gold is an asset worth holding in a long term as gold does not create wealth.

]]> By: Rob Viglione http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/comment-page-1/#comment-52336 Rob Viglione Sun, 16 Nov 2008 19:33:02 +0000 http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/#comment-52336 With such a sharp sell-off in gold in October, I imagine the world is speculating on whether or not sharp asset price depreciation will continue to outpace global liquidity infusions. So far the rate of decline in prices has taken the upper hand over historically unprecedentedly loose fiscal and monetary policies; however, when the dust settles and prices plateau for a period, I imagine the inflation-deflation tug-of-war will be decided markedly in favor of the inflation beast. In this scenario, gold may continue to suffer downward pressure for the near term, but will be a clear winner as fiat currencies prove increasingly worthless as a measure of value. With such a sharp sell-off in gold in October, I imagine the world is speculating on whether or not sharp asset price depreciation will continue to outpace global liquidity infusions. So far the rate of decline in prices has taken the upper hand over historically unprecedentedly loose fiscal and monetary policies; however, when the dust settles and prices plateau for a period, I imagine the inflation-deflation tug-of-war will be decided markedly in favor of the inflation beast.

In this scenario, gold may continue to suffer downward pressure for the near term, but will be a clear winner as fiat currencies prove increasingly worthless as a measure of value.

]]> By: shani.P http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/comment-page-1/#comment-26369 shani.P Thu, 12 Jun 2008 07:36:47 +0000 http://www.dailyreckoning.com.au/price-of-gold-7/2008/01/31/#comment-26369 Sir, I am from india.The article was very useful.I always used to think that since the price of gold goes up very marfginally it is not a good bet to invest in gold.Now i am wiser. Thanking you, Shani. Sir,
I am from india.The article was very useful.I always used to think that since the price of gold goes up very marfginally it is not a good bet to invest in gold.Now i am wiser.
Thanking you,
Shani.

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