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 | 4 comments | ContinuedAll Posts Tagged With: "gm"
When People Fear Inflation or a Falling Dollar They Find Refuge in Gold
Gold is also a target of greedy speculators sometimes, even when the going is good. According to a study done by the World Gold Council, you never know what gold will do.
October 5th, 2009 | Bill Bonner | 1 comment | Continued
Feds Have Economy on Life Support
There was a crash and credit crunch at the end of last year. Then, the feds panicked. They fought back with monetary and fiscal stimulus. Rates were cut to nearly zero. The Fed flooded the system with cash and easy credit – buying up Wall Street’s bad investments…propping up bad banks…and guaranteeing trillions worth of bad debt.
July 16th, 2009 | Bill Bonner | 0 comments | Continued
House Prices in California and Las Vegas Hit Hard by Wave of Foreclosed Properties
A fellow loses his job; he can’t pay his mortgage. The house goes onto the market and pushes down prices. Prices in California are off 30% year-to-year, with the median house at $267,000. In Las Vegas, the median house is only $135,000…
June 29th, 2009 | Bill Bonner | 3 comments | Continued
A Golden Vending Machine
The Dow fell another 107 points yesterday. Oil held steady at $70. The dollar fell to $1.38. And gold rose $4 to 932…
June 18th, 2009 | Bill Bonner | 8 comments | Continued
Trends Make Investors Less Afraid of Risk
But on March 9, 2009, came a lull. Reluctantly, investors came out of their storm shelters. The skies lightened…the sun shined. Oil has gone up 53% since then. Stocks worldwide are up about 30%.
And now…people say “the worst is behind us.”
June 4th, 2009 | Bill Bonner | 4 comments | Continued
Geithner Reassures China that America Takes Financial Obligations Seriously
So Geithner is in China, hat in hand, like a major debtor called into the bank president’s office. Geithner, of course, has no choice. He has to go…and say what he has to say. He will use all the right words. He will show the appropriate seriousness…
June 3rd, 2009 | Bill Bonner | 0 comments | Continued
GM Insolvency Can’t be Run-of-the-mill
GM is owned by wealthy politicians in Washington who, under threat of imprisonment, forced their constituents to finance the deal. Insinuating the public has any control is “Orwellian in the extreme” Addison suggested when we discussed the matter late Friday. Amen.
June 2nd, 2009 | Ian Mathias | 0 comments | Continued
Deal With Bondholders Cleared the Way for GM Bankruptcy
Too bad about GM. It was set up in 1916. If it had been able to hold together for another 7 years, it would have gone 100 years without having to declare bankruptcy.
All people die. All companies die, too. That’s why ‘buy and hold’ is wishful thinking. Buy and hold long enough and you are sure to go broke. And die.
The Bottom of This Society’s Ability to Process Reality
For now, the “bottom” is in – that is, the bottom of this society’s ability to process reality. It may continue for a month or so, but events are underway that are beyond the command of personalities. We’re done “doing business” in all the ways that we’ve been used to…
May 20th, 2009 | James Howard Kunstler | 16 comments | Continued