Comments on: Gold as an each-way bet is fantasy

By: BarbaraRobbins

BarbaraRobbins — Mon, 01 Aug 2011 09:50:54 +0000

I think that no matter what, buying gold is the solution. Though I agree, cold cannot be eaten and isn’t going to give you food, water nor medicine but it is always good have. It seems like this topic never gets old. I guess that we will just have to wait and see what’ll happen in the nearest future.

Barbara
http://www.mykonospa.com/

By: DisgustedReader

DisgustedReader — Fri, 22 Apr 2011 00:37:29 +0000

Not that I’m superstitious, but pulling an old Bible off the shelf and shaking off the dust, I open it randomly to find a rather prescient ancient quotation in Ezekiel 7:19 which reads,

“‘They will throw their silver into the streets, and their gold will be treated as a thing unclean. Their silver and gold will not be able to deliver them in the day of the LORD’s wrath. It will not satisfy their hunger or fill their stomachs, for it has caused them to stumble into sin.’”

That last sentence of the quote speaks volumes as to the achilles heel of precious metals.

By: upstater

upstater — Thu, 21 Apr 2011 12:21:28 +0000

The same arguments that have be stated repeatedly over the past decade. We’ll see if the great moderation resumes next year or the year after. Most of us in the trenches doubt it; a government and economy predicated on debt is a one way ticket down.

By: BowMtnSpirit

BowMtnSpirit — Thu, 21 Apr 2011 00:25:48 +0000

“The author is a Reuters Breakingviews columnist. The opinions expressed are his own.” That is about as literal as it can get. Mr. Campbell, it is not 2001 anymore.

Perhaps you might want to look at the U.S. national debt, the interest it pays on that debt, and its unfunded liabilities. Just that. And then explain how they get out from under it.

“Global recovery is well underway.” Really?? How many clothes are being produced in the U.S.? How many products, in fact, that are not tied directly to global communication? I assume you are buying the USG’s slanted unemployment figures, their skewed and deceptive CPI.

Have you actually parsed China’s public statements? Did you listen to the IMF recently? So if you believe that commodity prices, namely food and fuel, are being buoyed by “growth,” then show me where you’re finding the extra demand that is resulting in restricted supply. And you conveniently avoid any discussion of oil. Nice.

I could go on and on. You are deluded.

By: PalomaBlanca

PalomaBlanca — Wed, 20 Apr 2011 16:07:38 +0000

The whole world knows that gold is currency. The dollar is tanking, if the US raises its debt ceiling, that is justifiably default. China is getting everybody to accept the yuan instead of the dollar. The Fed is selling put options on treasuries. The US is cooked. Paper bugs will be crying in the street. The whole world knows to go for the gold.

By: BillSprague

BillSprague — Wed, 20 Apr 2011 15:25:31 +0000

aw come on. i have a thing with at least 13 ounces of gold in it, and it can’t be eaten. and i can’t eat a bullion bar either. can you? give me a break. who’s going to give you FOOD or WATER or MEDICINE in exchange for a gold bar? it’s always about the speculative bucks. plain and simple. it’s not about anything else