Comments on: Gold crash: What could trigger the inevitable Fri, 05 Dec 2014 11:27:18 +0000 hourly 1 By: KJEB Sun, 18 Dec 2011 06:53:37 +0000 When people fall head over heels in love with an investment and they convince themselves that it can do no wrong….it’s usually a good time to get the heck out.

History has a strong tendency to repeat itself.

By: Willgrw Sun, 28 Aug 2011 02:35:55 +0000 I personally know quite a few people who are buying gold and silver as protection from a coming economic collapse. They are not stupid. They know they can not EAT the metals, thus they have at least a full year’s supply of canned or dried goods, and a water source. The gold and silver coins will be very beneficial if and when a new barter economy takes hold.

Gold is ridiculously high right now, and it has lost value in the past. Don’t expect that to mean it ALWAYS has to deflate in value though.

Let me put this in perspective. Our annual U.S. budget deficit is something like $1.5 trillion. The total accumulated debt is about $15 trillion. Unfunded entitlements the Boomers will be expecting might total another $70,000,000,000,000.

If you spent one million dollars a day, every single day, you could spend for over 2,700 years, and STILL not reach one trillion dollars. Of course that means if you started spending a million dollars a day on the day Christ was born, and spent a million every single day since then until the present date, you could still spend for over 700 more years before reaching one trillion dollars.

The debt will NOT be paid down. It will continue to soar. Our industrial base is largely wiped out, we don’t produce things of value in industries that employ people. The Boomers will all start to retire. Scoff all you want, there are reasons gold is pushing two grand.

By: Plantersville Thu, 02 Jun 2011 22:44:36 +0000 Some comments say you can’t use gold an silver in trade. But Utah just passed a law that you can.

By: FlBob Thu, 02 Jun 2011 16:31:41 +0000 Interesting that a chart provided at the Vanguard inflation-protected securities fund site linked and recommended by Mr. Wasik in the article shows $10,000 invested in 2001 having an aprroximate value of $18,962 on 5/31/2011. A $10,000 investment in gold on 1/2/2001 at an approximate price of $271/oz, 36.9 ounces, would have had a value of approximately $56,450 on 5/31/11.
Seems to me gold did a pretty good job of protecting “purchasing power” over those years, and once you look past the hype and rhetoric I see little change to the big picture reasons for that performance.

By: Goldcore Thu, 02 Jun 2011 11:14:32 +0000 Apologies GoldNomics – Cash or Gold Bullion? ( 4ZY )is the most watched video on gold in the world in 2011.

Hope you watch it Mr Wasik and would appreciate feedback.

By: kpvidya1999 Thu, 02 Jun 2011 09:33:42 +0000 In 2006, after reading Alex Roslin I put all my savings into Gold (not MUCH, OK). It has trebled in value and is still a good insurance (we need a lot of insurance). Even if it crashes to its original value, purchasing power will still be there. In India gold was useful because of non availability of cash. But now with smart cards for farmers, cash available cause of printing, inflation is becoming a killer and gold’s price is recognising this. But availability of items like mobiles, TVs fridges and cars on CREDIT, have made gold buying a lot lesser. As the country develops, no GOLD is reqd except vast sums of credit, that can be written off. To expect gold to provide rationality and sensibility at ruinous times is downright silly. There should be law and order, only then Gold has value. But Give me salary in GOLD anyday. It will be fun to spend it. Gold is fashionable as jewelery else it is a sacred metal. It has no other use and the fact that it has value shows the irrationality of human beings. I feel gold’s end will come only when Americans go crazy and start stocking up on the metal imagining its fictional monetary properties. Till that time, everybody please BUY GOLD.

By: garron77 Wed, 01 Jun 2011 19:06:56 +0000 I think the old saying goes..”as good as gold”.

By: Goldcore Wed, 01 Jun 2011 15:58:11 +0000 Mr Wasik, like many, unfortunately does not understand ‘INVESTMENT 101′ which is DIVERSIFICATION.

GoldNomics is the most watched video in the world in 2011 ( 4ZY ) and shows how gold has retained value throughout history and will be an important hedge and safe haven asset for investors and savers in the coming months and years.

DIVERSIFY and have an allocation to gold.

By: RedBaron65 Wed, 01 Jun 2011 09:02:01 +0000 More than any other asset that I know, gold arouses an intense emotional response from people. I love the guys here who tell us that they have been looking at markets for decades and they have seen it all before… Pure rubbish. For what its worth…so have I…. and having decades experience doesn’t give you any right to make announcements about what gold is or is not as if it was a fact. Gold is effectively a pseudo currency. Fact. For the last 10 years, gold has made a new high each and every year. Fact. A bit like the Yen actually. Do people believe the Yen is some absurd asset that will soon collapse? Well, maybe….thanks to its debt problems the Yen is in a fix. Gold, on the other hand, has no underlying liability against it. Fact. In fact, it is one of the rare currencies that have no liabilities against it. Fact.

By: AGFA Wed, 01 Jun 2011 09:01:33 +0000 At my humble opinion – The crash is inevitable.
The Democratic world was attacked longtime ago in 1984 in
two principal directions :
The First : Complete lose of Labour habits of the citizens.
The Second : The need for everyone to live like the wealthy people do – at the expences of somebody else.
It’s a real Mindcrime attack against Democracy.Now the time of harvest has come !