So which Dennis Gartman recommendation do you follow, the one where he’s long gold in EUROs and other foreign currencies, or the one where he’s long gold in U.S. Dollars?
Read More0Feb
26
2010
The Banking Crisis Is Far From Over Revisited – FDIC Troubles and Bank Shenanigans
By: Doug Eberhardt
Category: Gold
Tags: Bailout, bank failures, banking crisis, failed bank, FDIC, foreclosures, Insolvency, U.S. banks
While we’re seeing foreclosures occurring today at a higher rate, banks are doing something today that doesn’t seem to be getting much attention. People have stopped paying their mortgages and the banks aren’t foreclosing on many of them.
Why Aren’t Banks Foreclosing on People Who Aren’t Paying Their Mortgages?
Read More0Feb
23
2010
Call to Buy Gold in EUROs Up 7.92% Last 60 Days
By: Doug Eberhardt
Category: Gold
Tags: buy gold, buy gold in EURO, Gold naysayers, U.S. Dollar Index
While the Dollar Index has climbed to over 80, the EURO is breaking down from the 1.49 price of November 18, 2009 price of 1.49, currently trading around 1.36.
In the last 60 days, you can see by the chart below gold has risen by 7.92% priced in EUROs. Not bad for a two month’s return… What Will Happen Next?
Read More0Feb
21
2010
Feb
17
2010
Jan
26
2010
Gold Below $500 an Ounce?
By: Doug Eberhardt
Category: Gold
Tags: buy gold, Dollar, fortune magazine, Gold, gold bubble, Gold Investing, gold production, shawn tully, U.S. Dollar
Gold today is nowhere near bubble status just because there may be many ads on TV trying to get people to turn gold into cash. This current fall in the price of gold isn’t the popping of a bubble because of a temporary dollar rise either. Anyone who understands the economics of it all knows this.
Read More0Jan
23
2010
Money Magazine and a CFA Criticize Gold With Flawed Analysis
By: Doug Eberhardt
Category: Gold
Tags: buy gold, cfa gold, Diversification, dollar index, Gold, gold bubble, gold fever, Gold Investing, meltdown, money magazine, stephen gandel, Stocks, U.S. Dollar
As is typical of those who try and criticize gold as a necessary ingredient of a well diversified portfolio, they use flawed analysis in coming to their conclusion. This article will go into depth as to why their analysis is flawed in my continued effort to bring the truth about gold to the public.
Read More0Jan
20
2010
I had been cautioning gold investors that the U.S. dollar price of gold breaking to new highs needed a confirmation of the dollar index breaking to new lows. The fact that it didn’t even break the March 2008 lows of just under 72, let alone 74, showed there is still some perceived strength in the dollar and that a reversal was possible.
Read More0Dec
28
2009
In my continued exposure of those who write articles that misrepresent gold I’ve run across an article written recently by former Ronald Reagan chief economic adviser and current Harvard Economics Professor, Martin Feldstein called “Is Gold a Good Hedge?”
I will dissect Feldstein’s article that is full of what I believe to be deliberate misinformation to confuse readers as to what gold truly represents in today’s economic and investment climate.
Read More0Dec
18
2009
Dave Ramsey Doesn’t Know the First Thing About Gold
By: Doug Eberhardt
Category: Gold
Tags: buy gold, dave ramsey, Don't buy gold, Gold, Gold bad investment, gold is money, Inflation, jeremy siegel, Stock for the long run, stocks for the long run, U.S. Dollar
The advice from Dave Ramsey is to “only invest in something that has a good long-term track record.” Well Dave, in case you didn’t know, gold has over a 5,000 year track record. Is that a long enough track record for you?
The U.S. Dollar on the other hand has only a 38 year track record without gold backing.
Read More0