People buy gold to protect themselves from inflation. But inflation isn’t going to increase in a recession. You’d be better off in cash until this thing turns around…
August 28th, 2008 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "Gold"
Gold, the Dollar and Inflation
Gold is viewed as tangible money right around the world, and has been for millennia. When the trading herd wakes up to the fact that neither the U.S. dollar nor the euro, nor any other fiat currency, will protect them against the monetary storm that will soon begin tearing the roofs off their cozy offices, they’ll fall all over themselves in the rush for something that will: gold and other tangibles.
August 27th, 2008 | David Galland | 2 comments | Continued
Gold $2,000… Anything Could Happen
“Oh yes, we met a couple of years ago,” said a new friend at a party last night. “You said to buy gold. At the time I thought it was a little flakey…buying gold, that is.
August 15th, 2008 | Bill Bonner | 2 comments | Continued
How To Calculate Your Own Gold Price Projection
More than any other commodity, the gold price rises (and falls) with demand from investors; the demand from consumers and industrial users is very much a secondary consideration. Or to put it another way, what ultimately controls gold is mass psychology. If you were an investor during the Internet craze, do you recall the absolute hysteria about NASDAQ stocks? Do you remember how everyone knew about them? Do you recall the excited banter about the latest Internet company?
August 15th, 2008 | Jeff Clark | 10 comments | Continued
More Subprime Thinking
The subprime economy and the problems it brought us are the result of subprime thinking…
July 28th, 2008 | Bill Bonner | 1 comment | Continued
A Golden Success Story from the Solomon Islands
After collecting a couple of kilos of alluvial gold I tried to melt it. I got an old furnace off an Australian con man and hooked it up to the gas…
July 25th, 2008 | Bill Bonner | 0 comments | Continued
Debunking Inflation Myths
Gradually, people are becoming aware that we have an inflation problem, which seems to stretch around the world. Perhaps it is time to think about how to resolve it. Certainly a few coy remarks by some Federal Reserve representative aren’t going to be effective.
July 3rd, 2008 | Nathan Lewis | 5 comments | Continued
Gold and Oil are Acting as Though They Expect Higher Rates of Inflation
Based on the last few days’ trading results, Team Bernanke might as well have kept their mouths shut. Gold and oil are acting as though they expect higher rates of inflation…
July 3rd, 2008 | Bill Bonner | 2 comments | Continued
Vietnam Stock Exchange Plunges, Investors Trading in What Little Dongs They Have
Vietnam had recently become the world’s largest importer of gold bullion. Investors and householders bought the yellow metal for the same reason people always have - as a way to protect themselves from paper. The paper at issue is called the “dong,” the official currency of the Socialist Republic of Vietnam. With the Vietnam stock exchange in shambles, the dong has lost value.
June 30th, 2008 | Bill Bonner | 5 comments | Continued
Gold Calls Bernanke’s Bluff
Gold and silver are calling Ben Bernanke’s bluff this week. Bernanke huffed and he puffed and he bluffed and he bluffed all month long about inflation. But the market realises that with America’s housing market mired in the muck, the Fed won’t be raising rates to defend the greenback this year.
June 20th, 2008 | Dan Denning | 9 comments | Continued