Is Stock Market Volatility Helping Gold Move Higher?

Posted by on May 6, 2010 in Gold | 0 comments

If the whole world was clamoring to buy gold, there wouldn’t be enough of it to go around. In fact, the whole world should be clamoring to buy gold based on the fact that gold has appreciated by more than 173% against all world currencies the last 10 years as seen in the charts below. But is worry about the stock market decline causing investors to go to cash moving the dollar higher AND at...

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Gold Below $500 an Ounce?

Posted by on Jan 26, 2010 in Gold | 2 comments

Add Fortune Magazine and Senior Editor, Shawn Tully to the growing list of publications that continually try and slam gold.  Please consider Beware the 4 new asset bubbles. In this article, Tully makes the following comment regarding gold: Gold Investors are rushing to gold, because they rightly fear far higher inflation in the next couple of years and want to hedge against both rising prices...

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Social Security Will Be There For You, However…

Posted by on Sep 2, 2009 in Economy | 0 comments

First Social Security was supposed to run out of money in 2041.  Then, a study by the Social Security trustees earlier this year showed that funds will run out by 2037.  The same study says that Medicare will not be able to pay its hospital bills in just eight years. So where do the Social Security trustees get their information to make their current projections? Looking at their 2004...

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Zimbabwe Central Bank Trying to Do What Didn’t Work in the U.S.: Back Currency With Gold

Posted by on Aug 21, 2009 in Gold, Hyperinflation | 0 comments

In following up with the theme of the week and the article “How gold would be used in hyperinflation,” the news yesterday was quite startling for those who follow monetary policy. Zimbabwe Central Bank governor, Gideon Gono, has proposed the introduction of a gold-backed local currency.  Why is this significant?  Will this potential action solve the currency crisis for Zimbabwe? ...

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How Gold Would Be Used In Hyperinflation

Posted by on Aug 19, 2009 in Gold | 0 comments

There are many who criticize holders of gold as to its use “if” a hyperinflation scenario were to come to fruition.  Emphasis on “if” here for those who read quickly.  Whether there will be a hyperinflation scenario is a different topic. The comments by those critics of gold typically center around a  question like this; “how can someone chip off a few flakes of...

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