Comments on: As good as gold, but for whom?

By: jerry ackerman

jerry ackerman — Thu, 08 Oct 2009 12:51:23 +0000

My own preference : A profitable mining company with
more CASH in the bank than I pay for the shares.
And, then there is silver !

By: JD

JD — Thu, 08 Oct 2009 04:41:32 +0000

I live in a world of dollars. In the last couple of weeks gold has looked really good as a hedge against declining value. You do make a valuable point in that the price of gold is of course relative to the currency it is being valued in; it is therefore very hard to argue that “gold is going up” when much of the change in value is simply a rebalancing against a decline in the dollar, rather than a broad appreciation in the value of gold relative to all currencies. However under current circumstances, especially with a world so vulnerable to rumor and nuance, maybe Mrs. Watanabe’s investment will still come out golden, at least in the near future.

By: Hannah

Hannah — Wed, 07 Oct 2009 20:33:03 +0000

I second Bob.

By: bob

bob — Wed, 07 Oct 2009 18:07:02 +0000

No bears of the dollar expect its value to collapse?
well that is a lie, ever heard of peter schiff????
You know , the guy who predicted this whole collapse since 2002. yeah that guy says the dollars value will collapse.