“Oh, you haven’t gotten around to buying any gold or silver yet? Let me quote Rudyard Kipling, from his poem ‘Gunga Din.’ You need to ‘put some juldee in it.’ Quick! Go and get some precious metals! Don’t make me say I told you so, because I will.
March 10th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "silver"
Should You Put Gold Into Your IRA?
You can make the same tax-deductible contribution each year to a gold IRA as with any other IRA. The current limit is $5,000, or a “catch-up” limit of $6,000 for those 50 and over. Custodians generally set their minimum initial investment at that $5,000 mark but will accept smaller subsequent contributions.
March 4th, 2009 | The Daily Reckoning | 1 comment | Continued
An Edifice of Pure Economic Crapola
Well, there is more, as the mysterious, necromantic arts of economics comes in to determine, as a constant – with an astonishing precision out to three decimal places! – exactly HOW much you spend and how much you save of each dollar! Hahaha!
February 18th, 2009 | Mogambo Guru | 2 comments | Continued
Silver and Gold Will Make You More Attractive
“Since the recent moves in price are not that spectacular, my attention wavered and I casually looked around the press room, and I noticed that there was a pretty new reporter who was young and cute, which is such a depressingly stark contrast with my being, you know, old and ugly. I sighed and began to daydream when I suddenly realized the cosmic universality that demand and supply applied even to pretty girls…”
February 12th, 2009 | Mogambo Guru | 0 comments | Continued
A Pivot Point
It’s at a turning point right now. One thing your editor has learned in the last eleven years of daily market observation is that when public sentiment reaches a point of maximum anxiety, it breaks like a wave crashing on the rocks. This is not as bad as it sounds. What we mean is that though the general trend of the market is obvious-lower stock prices on a weak economy and a confused policy response to the crisis-you will often be surprised at when the rallies come and how high they go…
February 11th, 2009 | Dan Denning | 12 comments | Continued
The Rush to Buy Gold
“There are many other gold bullion-holding funds in the developed world from Canada to Switzerland that are not included in this total. If they were the total would be approaching 1200+ tonnes. Clearly we are seeing a stampede of institutional fund management into gold at present!”
February 10th, 2009 | Mogambo Guru | 20 comments | Continued
A $4 Trillion ‘Big Bang’
In The Monthly, Rudd plants a Neo-Marxist flag in the ground of the current debate with the kind of jargon-laden elitist preening that makes academic critics of the free market (who’ve never spent a day in the business world creating value) so nauseating. (…)Why not proclaim, since he is apparently in the position to make such proclamations, that the experiment in paper money and the deliberate policy of inflation it implies is theft?…
February 2nd, 2009 | Dan Denning | 21 comments | Continued
Hangover Nation
Have you noticed? Bernie Madoff bears a striking resemblance to George Washington. And so goes the nation…from the man who couldn’t tell a lie, to the man who couldn’t tell the truth…
January 28th, 2009 | Bill Bonner | 11 comments | Continued
A World of Financial Freeloaders
Protect yourselves against your constantly acting stupid by electing spendthrift, promise-them-everything morons to government office, who have allowed the Federal Reserve to create so much money and credit to accommodate government deficit-spending that that government has now spent you into debtor’s hell to support a government So Freaking Huge (SFH) that the total of government spending constitutes half – half! – of all spending in the freaking country!…
January 20th, 2009 | Mogambo Guru | 2 comments | Continued
Gold’s Latest Moves
First and foremost, as to the purported discrepancy between the price of gold on commodities exchanges and that of physical gold, in my view, any real discrepancy would be jumped on by the arbitragers so fast, it might even break the land-sound barrier. As for the shortage of gold and silver bullion products, we would attribute this to a couple of factors. The first is that there has been some poor planning on the part of the mints…
September 17th, 2008 | David Galland | 1 comment | Continued
No Silver at the U.S. Mint
I had just gotten off the phone to find out why the silver I ordered last month has not arrived, and I get some runaround about how there is no silver to be had to fill my order. Naturally, being familiar with how the supply/demand dynamic works, I call the little clerk a lying piece of thieving garbage, because it is impossible that the market price of silver is going down in an environment of zero supply and obviously rising demand!
September 16th, 2008 | Mogambo Guru | 1 comment | Continued
Record Misery Index Sends People Scrambling for Gold
Money.CNN.com recently reintroduced the concept of the ‘Misery Index’, which is a metric produced by combining the rate of inflation plus the rate of unemployment, which “was last heard of in the 1980′s” when both of the rates were soaring and people were miserable. Using “official” numbers of 3.9 % inflation with 5% unemployment produces a current Misery Index of only 8.9. Anybody even partially believing the government’s “official” rate of inflation or “official” rate of unemployment has got to be a raving lunatic.
June 17th, 2008 | Mogambo Guru | 4 comments | Continued
