So when CNBC talks about commodities moving higher because of the weakness in the dollar, keep in mind that gold is the commodity of choice the world over that also acts as a medium of exchange should it ever be needed.
Read More0Sep
15
2009
In my continual efforts to challenge investment advisors and journalists about the need to diversify with gold, a pleasant surprise developed today…..an advisor responded!
Even though the title of his article is misleading, Larry Swedroe, principal and the director of research for Buckingham Asset Management and BAM Advisor Services, did respond to my comments about his CBS Money Watch article; “Don’t Believe the Hype About Gold.”
Read More0Sep
12
2009
Chris Farrell from Marketplace Money, a column written for American Public Media, wrote an article that promoted misleading information about buying gold. The article in its entirety follows and you’ll find my response pointing out Farrell’s unsound advice about buying gold below that.
People need to know the truth when it comes to buying gold and I will continue to challenge financial advisors and the media journalists who continue to misinform the public about gold.
Read More0Sep
10
2009
Sep
2
2009
Aug
21
2009
Aug
19
2009
How Gold Would Be Used In Hyperinflation
By: Doug Eberhardt
Category: Gold
Tags: Deflation, Dollar, Gold, Hyperinflation, Inflation, Money, silver
Gold, during the time of a hyperinflation scenario, unlike paper money, would be “perceived” as having value as it has for centuries. The U.S. dollar however, wouldn’t have any perceived value under this scenario. So a better question to answer would be, what would you use as a medium of exchange sans gold since no one will want U.S. dollars?
Read More0Jul
24
2009
Jul
14
2009
Gold and the EURO Connection; Another Nail in the U.S. Dollar Coffin?
By: Doug Eberhardt
Category: Gold
Tags: decoupling, Dollar, Economy, EURO, Financial Adviser, financial advisor, Gold, Inflation, Investing, Money, Stocks
Another story was developing at this time; the EURO had bounced off its lows and become a much stronger currency. As the dollar was sinking from its high in 2002, and the uncertainty of what affect Central Bank sales would have on the price of gold, the EURO became the only other “safe haven” in the mind of those who were looking to get out of the dollar.
Read More0Jul
10
2009