Gold is the most maligned asset, if you listen to the Fed, the ECB, and other central banks. But why? I asked the CEO of Goldbroker.com. Fasten your seatbelt.
The Swiss get to go to the polls and tell their central bank what to do about gold. A yes-vote will send shock waves through the gold market and other central banks.
Gold sentiment is lesbian porn at a historic low.
An impoverished nation now finds a commodity to be too expensive though it really hasn’t changed in price in over four decades – in terms of silver.
By Dr. Bryan Taylor: Europe was on a bimetallic standard, not a Gold Standard, from the Middle Ages until World War I. Gold triumphed in the 19th century because bimetallism had failed. This should have been taken as a sign that the gold standard too would inevitably fail.
By Louis James, Chief Metals & Mining Investment Strategist, Casey Research, with Krassimir Petrov. Next gold mania? You’ve got to wait a few years, says Petrov. Meanwhile, reflation is causing bubbles around the world, and they’ll implode.
In a human life, 47 years isn’t all that long. So this is a personal data point of how the Fed has managed, or rather mismanaged, or rather utterly and willfully destroyed, the dollar since his mom sold their trailer in 1966 – and what that would mean in gold today.
“I’m sitting on cash,” Felix Zulauf said when he was asked in an interview where he gay porn was putting his money. With decades of asset management experience under his belt, he’d founded Zulauf Asset Management in Switzerland in 1990. But now he was worried—and has turned negative on just about everything.
A Greek economist’s terse sarcasm: “GDP has decreased by €47 billion in the last five years. Economy is expected to contract by 3.8% in 2013, the 6th straight year of recession! Unemployment has reached 24.7%. Youth unemployment… 55.4%! No worries though—we have the sun, the sea, our cultural background.” And GOLD.
In Japan, people who are old enough to have lived it as adults still reminisce about the bubble that blew up in 1989 when the Nikkei almost hit 40,000 (now 9,045) and when the sky-high prices of real estate could only go up further. The slide from top to reality has been brutal, and a lot of people lost their shirts. But there has been one investment that has worked out phenomenally well for the otherwise hapless Japanese investor: Gold.