Comments on: Why Gold Has a Long Way to Go

By: GOLD

GOLD — Tue, 17 Nov 2009 10:12:24 +0000

We love finding articles and we wanted to let you know, we will pass your site on in our email newsletters to our clients which collect gold . Thank you

By: Chad

Chad — Tue, 10 Nov 2009 21:41:27 +0000

For what it’s worth, I thought I’d interject one more piece of anecdotal data on how “popular” a phenomenon gold investing is. Kitco has published an iPhone app called “Kcast Gold Live!” It seems as though Kitco is enjoying some success with it, as the app is heavily downloaded.

Where that fits in between Harrods and Mr Clarks informal inquiries is anybody’s guess. . .

By: Dave Narby

Dave Narby — Sat, 07 Nov 2009 19:22:13 +0000

I’ll give you reasoning: A massive dollar short squeeze.

Unless you bought your gold in NZD, hedging a physical position by being long UUP or DGZ (or short equities) isn’t crazy, it’s *trading*.

I personally think the upcoming correction in PMs and PM stocks will be a chance to buy at a discount. But it’s due to correct.

You’ll know it’s mania when you *can’t* buy bullion at Harrods because of lack of supply. Then it will be time to sell your gold.

By: Richard

Richard — Sat, 07 Nov 2009 15:21:55 +0000

Thanks for this article. I think it is germane to consider what Harrods is and what Harrods customers are like.

Harrods is a tourist/heritage site in West London. Customers who have serious money to spend there are foreigners – probably not indigent British. Although I digress, I often feel that they must be crooks (or married to a crook) to live in an expensive foreign city and flaunt their wealth at Harrods.

Selling gold bullion and coins at Harrods is a great sales idea. They have their own bank and safe deposit boxes ‘in-house’. It is a poor example of what might constitute the ‘top of a bubble’.

By: Tweets that mention Why Gold Has a Long Way to Go -- Topsy.com

Tweets that mention Why Gold Has a Long Way to Go -- Topsy.com — Sat, 07 Nov 2009 05:53:26 +0000

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By: uberVU - social comments

uberVU - social comments — Sat, 07 Nov 2009 05:42:59 +0000

Social comments and analytics for this post…

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By: Liberty Phile

Liberty Phile — Sat, 07 Nov 2009 05:22:05 +0000

The smart investor recognizes that the only thing “reaching it’s top” right now is the US bond market. As the world continues to realize that US debt securities are a losing proposition the global “sell” signal will eventually sound. When that day comes, what will an ounce of gold cost then?

Why is this concept so difficult for some to understand?

By: Stock Buy and Sell Signals

Stock Buy and Sell Signals — Sat, 07 Nov 2009 04:20:19 +0000

When oil was at 135 they were telling that too. and it collapsed few weeks later. this bubble is no different. soon its time will come

By: Linda Brady Traynham

Linda Brady Traynham — Fri, 06 Nov 2009 20:18:21 +0000

Dear Jeff:

I laughed delightedly all the way through your terrific article.

However, I am not buying gold–but hold on, because I have excellent reasons. First, gold is too dense a form of storage of value for most of us, although I adore it. Silver is a better choice in terms of most budgets and has far greater utility should we get to the barter economy I expect during the coming Greater Depression. Okay, strictly speaking trading hard money for goods is not barter, but when–”if,” if one prefers–an FRN is not good for much except wallpaper and starting fires, silver will be far more useful. Imagine trying to swap a Maple Leaf for groceries. No, let’s not! I’m hoping to trade eggs and ounces of silver for acreage in a couple of years.

Second, part of coping with the current and projected economic situation is knowing a value when we see one. Things fall apart unevenly. The time to buy guns and ammo was eighteen months ago. Right now great bargains are to be had in cattle. Flour and steel are down to last year’s prices. I expect lumber to be far more costly eventually; a good stock of basics strikes me as a bright idea, storage permitting.

It’s an interesting game, isn’t it?!

LBT