Comments on: Gold Saw Biggest Jump in History http://www.thesunsfinancialdiary.com/investing/gold-saw-biggest-jump-in-history/ Fri, 03 Feb 2012 17:42:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jake Stichlerhttp://www.thesunsfinancialdiary.com/investing/gold-saw-biggest-jump-in-history/#comment-44165 Jake Stichler Fri, 19 Sep 2008 22:36:00 +0000 http://www.thesunsfinancialdiary.com/?p=2494#comment-44165 P.S. The people that buy gold for fear that the world will go "belly up" *do* buy real gold. I happen to do business with several of them. P.S. The people that buy gold for fear that the world will go “belly up” *do* buy real gold. I happen to do business with several of them.

]]> By: Jake Stichlerhttp://www.thesunsfinancialdiary.com/investing/gold-saw-biggest-jump-in-history/#comment-44164 Jake Stichler Fri, 19 Sep 2008 22:34:10 +0000 http://www.thesunsfinancialdiary.com/?p=2494#comment-44164 Tim - while you make some good points, you were wrong from the very beginning. M3 justifies the high price. Remember, we're talking about gold traded in USD here - there's an unlimited supply of USD, which is why the fed keeps creating more. There is a limited supply of gold, however. Tim – while you make some good points, you were wrong from the very beginning. M3 justifies the high price. Remember, we’re talking about gold traded in USD here – there’s an unlimited supply of USD, which is why the fed keeps creating more. There is a limited supply of gold, however.

]]> By: Timhttp://www.thesunsfinancialdiary.com/investing/gold-saw-biggest-jump-in-history/#comment-44145 Tim Fri, 19 Sep 2008 13:10:01 +0000 http://www.thesunsfinancialdiary.com/?p=2494#comment-44145 then in dropped. gold is in a bubble. there is no underlying fundamental that justifies the high price. just like in the early 80s, gold with precipitously drop like two tons of cement, and hopefully Guido didn't cement your feet in when it does. we are no longer on the gold standard, yet people have this antiquated notion that gold is a hedge against inflation. well since the last bubble and precipitous drop, gold remained flat and declined, so how good is that hedge? that's right, terrible.moreover, gold is traded like stocks now, unless you actually buy gold buillion, which most people these days do not. since you don't own the hard gold asset, it isn't worth anything because you can't trade it if the world goes belly up. the premise behind gold being inflationary precaution is because the antiquated notion that you can trade gold as currency. well, with investment shraes, you don't have the physical commodity. so tell me how you own gold? that's right, you don't.even if you did physically own gold, it isn't worth the buillion or share price, it is worth scrap price which is far less than market price. again, unless gold by weight is being valuated to exchange for goods and services, it isn't worth the share trade price or even the true buillion price.people were very happy when gold was dramatically rising past $1k/oz, i'm sure those people were sad when it precipitously fell towards $700/oz. again, diversification and look at the fundamentals. you can ride the wave now, but gold will go back down to $300-$500 eventually and there won't be any warning when it does in the current euphoria over gold. again mitigate your risk on gold as well. then in dropped. gold is in a bubble. there is no underlying fundamental that justifies the high price. just like in the early 80s, gold with precipitously drop like two tons of cement, and hopefully Guido didn’t cement your feet in when it does. we are no longer on the gold standard, yet people have this antiquated notion that gold is a hedge against inflation. well since the last bubble and precipitous drop, gold remained flat and declined, so how good is that hedge? that’s right, terrible.

moreover, gold is traded like stocks now, unless you actually buy gold buillion, which most people these days do not. since you don’t own the hard gold asset, it isn’t worth anything because you can’t trade it if the world goes belly up. the premise behind gold being inflationary precaution is because the antiquated notion that you can trade gold as currency. well, with investment shraes, you don’t have the physical commodity. so tell me how you own gold? that’s right, you don’t.

even if you did physically own gold, it isn’t worth the buillion or share price, it is worth scrap price which is far less than market price. again, unless gold by weight is being valuated to exchange for goods and services, it isn’t worth the share trade price or even the true buillion price.

people were very happy when gold was dramatically rising past $1k/oz, i’m sure those people were sad when it precipitously fell towards $700/oz. again, diversification and look at the fundamentals. you can ride the wave now, but gold will go back down to $300-$500 eventually and there won’t be any warning when it does in the current euphoria over gold. again mitigate your risk on gold as well.

]]> By: Jake Stichlerhttp://www.thesunsfinancialdiary.com/investing/gold-saw-biggest-jump-in-history/#comment-44087 Jake Stichler Thu, 18 Sep 2008 03:34:57 +0000 http://www.thesunsfinancialdiary.com/?p=2494#comment-44087 As long as the Fed continues this rampant inflation with their double-digit billions loans/bailouts, yeah, gold will keep going strong. As long as the Fed continues this rampant inflation with their double-digit billions loans/bailouts, yeah, gold will keep going strong.

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