Comments on: China retail speculation adds risks to gold price

By: gold buy

gold buy — Wed, 04 Nov 2009 14:33:06 +0000

Gold is skyrocketing because of Obama’s spending and the Feds monetizing debt. Your dollar is worth much less since Obama took office and started spending. Inflation has just started. This country now owes 104 trillion dollars in debt and obligations. At $10,000,000 per day it would take 273 years to make up one trillion dollars. Our economy is gone and gold will stay up. Thanks for the great reading, we Buy Gold in a recession. I will pass this on to our ira clients to read.

By: magnoliabel

magnoliabel — Wed, 14 Oct 2009 09:34:00 +0000

By: Ananke

Ananke — Wed, 14 Oct 2009 07:20:36 +0000

To Mike Altmann,

It will happen in 2010, after the first quarter is closed ….now you happy?

By: Ron

Ron — Wed, 14 Oct 2009 07:04:48 +0000

Hey, pretty smart investors!

By: J MacMillan

J MacMillan — Wed, 14 Oct 2009 06:52:36 +0000

Gold has value because we give it value. Just like everything else in this world. It is priced in USD and has experienced recent gains due to the devaluation of the US dollar. Gold is a safe investment because of it’s history of being a valuable metal and as a commodity used in manufacture. Just like copper has skyrocketed since the early 90′s… the growing industrial world has placed a demand for the best/ affordable conductor of electricity.

As a non-U.S. citizen who has a small 10 ounce investment in gold over the course of a year, with currency exchange taken into consideration, in one year of sitting on a $9700 investment. I could cash out with around $11,000. So has gold gone up or has the currency in which it is valued gone down?

I vote the later. I’m only 37, so I can’t say “I remember when…” but… The English pound Sterling used to be the reserve currency and everything was priced based on the value of the English empire. I think it was in the sixties that it changed over to the United States Dollar and the USD became the reserve currency held by other nations, until now.

The United States Of America is still a massive force of production in the world, but the out-sourcing of jobs to other countries is creating jobless Americans who then need to rely on “the system” which drains government resources, which drives public spending… which leads to more debt.

Which leads to a worthless dollar owing to the global community more than it can ever hope to repay because the government and the greedy people shipped all the good jobs and paychecks to other countries creating slums in their own neighbourhoods just so some rich could get richer.

My advice… energy stocks and hard commodities like gold. Safe investments that won’t make you rich overnight but should keep your money safe and slowly growing.

By: Leo.Tian

Leo.Tian — Wed, 14 Oct 2009 05:53:18 +0000

Yes, it is true.
China is becoming stronger and stronger in the world, not only in economy, but in military.

By: wangchao

wangchao — Wed, 14 Oct 2009 05:35:13 +0000

中国你好

By: No.oooo

No.oooo — Wed, 14 Oct 2009 05:30:43 +0000

Retail speculation will not be the only risk to the gold price .

By: Mike Altmann

Mike Altmann — Tue, 13 Oct 2009 06:25:41 +0000

I would have been surprised if someone, somewhere,hadn’t penned an article like this. Whenever any asset advances strongly in price, there’s always somebody who comes out with warnings about a likely downturn. Mind you, the issuer of such warnings NEVER tells you when he thinks the downturn will occur. It’s all left comfortably vague. That way, if no downturn occurs in the short term, he will always be able to say “I didn’t say WHEN.” And when the downturn actually materializes, as it inevitably will (since all that goes up will come down), even if that takes three years to occur, he will inevitably point smugly to today’s warning and say “See. I told you so.”
Honesty, one can easily get fed-up with this sort of literary output, which totally ignores cycles, trends and history in general, and which therefore does nothing but try to sow seeds of disquiet even though no disquiet is genuinely relevant to the current situation.
Sincerely
Mike

By: WILLIAM J DONOHUE

WILLIAM J DONOHUE — Tue, 13 Oct 2009 05:34:19 +0000

I own 1000 tr. oz of gold, maples amd eagles. I bought it in the mid-80′s and it took forever to go up. Now it’s the best thing I ever did.