Dec
12
2009

Gold Is Not Falling

By: Doug Eberhardt Category: Gold Tags: , , , , , , , ,

Recent purchasers of Gold are upset lately with the 8.5% drop in the U.S. Dollar price of gold this week. But what most of these buyers don’t understand is that gold stayed the same. It was what gold is priced in that changed.

That’s right. Gold is just a shiny rock as all the Gold naysayers like to say. It didn’t change in the last week. It’s still a shiny rock. But the U.S. Dollar appreciated of late thus causing the U.S. Dollar price of Gold to fall. To understand this further read on…

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Dec
11
2009

Trading Gold In EURO’s Instead of Dollars Now Making Sense

By: Doug Eberhardt Category: Gold Tags: , , , , , ,

23 days ago I wrote an article Trade Gold In EUROS Instead of Dollars? Switching May Make Sense Soon where I presented the case that the GDP of the Eurozone didn’t support the appreciation the EURO was receiving over the U.S. Dollar, which also was experiencing lousy GDP numbers. It was the fact that the EURO was approaching its all-time highs against the U.S. Dollar that made no sense.

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Nov
30
2009

The One Thing Bernanke Is Really Afraid Of

By: Doug Eberhardt Category: Gold

In this article I break down what Bernanke is saying and relate his cry for the Federal Reserve to remain independent (no audit) to the reality of what the Fed has actually done to cause the crisis to begin with as well as what their existence means to the odds of any economic recovery occurring in the future.

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Nov
25
2009

CFA Calls Gold a "Lousy Investment" – Sorry, Gold Is Insurance Against a Declining Dollar

By: Doug Eberhardt Category: Gold

However, just today, the dollar index hit a 15 month low and is moving closer to the 72 mark and gold hit a high of $1,186. The action in the price of gold to new highs seems to be predicting a fall below 72. Will the March 2008 mark be taken out? No mention of this dynamic by the CFA.

As I pointed out in my reply to the CFA’s article, the only thing that is highly speculative is blind faith in an asset that has 38 years of existence without gold backing. That being the U.S. dollar.

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Nov
19
2009

How to Sell Gold and Other Precious Metals Tax Free UPDATED 10/1/2010

By: Doug Eberhardt Category: Gold Tags: , , , , , , , , ,

How Can One Sell Gold Without Paying the 28% Tax on Capital Gains?

I give details on “how” to do it in my book “Buy Gold Safely,” but I’ll let you know the “what” in this article.

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Nov
18
2009

Trade Gold In EUROS Instead of Dollars? Switching May Make Sense Soon

By: Doug Eberhardt Category: Gold Tags: , , ,

But now that everyone is talking about the dollar weakness again, as well as gold breaking to new highs, Geithner is stuck between the proverbial rock and a hard place. If he takes the strong dollar stance, it could kill the stock market rally, especially if the Fed increased interest rates. If he lets the dollar fall too much, there could be a rush for the exit with Japan and China leading the way. There is a reason why Obama chose this time to take his trip to China. The U.S. needs to maintain the U.S. Dollar’s world reserve currency status. It cannot afford to become a second rate nation. Something has to be done.

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Nov
6
2009

Gold and the Carry Trade: Rogers vs. Roubini, Who’s Right?

By: Doug Eberhardt Category: Gold Tags: , , , , ,

So why does Roubini hate gold? Because he’s a Keynesian Government loving professor at NYU and former advisor to the U.S. Treausry Department. Show me a professor at a University that likes gold, outside of the Austrians, and I’ll listen to what they have to say. Otherwise, remember where the professors bread is buttered.

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