Let’s face it. With yield on treasuries and CD’s so low, those who have lived off of the interest from their various investments have seen their income fall considerably. To prevent having to dip into principal and deplete one’s savings, investors are now choosing to put their money in financial instruments that offer a better return.
But is gold still a good investment?
Read More0Gold 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 More0As 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 More0I 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 More0There were two negative articles on gold today that were filled with misinformation. While gold has been getting hit lately, something I have been cautioning traders about recently, it is expected that the gold bashers would come out of the woodwork. But the problem lies with the flawed analysis these journalists are utilizing in drawing their conclusions.
Read More0Marc Faber called for gold to go to $800 last week. Jim Rogers is recommending physical gold now over mining stocks.
It’s not easy to time the gold market because of these external influences. Holders of physical gold care not that gold falls to $800 an ounce on its way to $2,000 and higher.
Read More0So 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.
Read More0At least so far, Joshua Zumbrun from Forbes has chosen not to post my reply that disagrees with his perspective. Since I know that many of these bashers of gold won’t post my replies, explaining to them where they are mistaken about gold, I make sure and do a screen print to show that I have in fact replied but they have chosen not to post that reply. Then I expose them here on my blog.
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