[Travis McGee]

Posted, as gold appears to be set to close above $500 for the first time in many years.

[Travis McGee]

Interesting article. Most folks do not understand that Greenspan was an ardent "gold bug" before going to the fed.

[vrwc0915]

What the "printing press bugs" (since they call us gold bugs) fail to understand that is that after the paper money market crashes there is a period of of time that the only currency that will buy anything is copper and lead before even a gold or other PM currency system become stable. I don't think their 401k's or large caps are going to do them much good once the SHTF. I think gold is a good mid term strategy for the unavoidable collapse/recession, but needs to be backed by a food/shelter/method to keep food shelter strategy

[Irontank]

Of course...most Americans don't understand (1) that inflation indices...particularly the CPI...are designed to understate inflation and (2) that inflation is just another tax...a tax on savings

And fiat currency allows government to hide the true cost of its bloated entitlement programs...see Senator Jon Corzine dismissing the looiming crisis in Social Security by declaring that "it will never run out of money...the government can just print more money"

Its statements like that (rarely are politicians so open in their admissions of how they can tax savings to pay for their favorite entitlement programs) and a long history of practice that makes me think that incoming Fed Chairman Bernanke was being a bit optimistic/disingenuous/naive when he told the National Economists Club that the government could, but wouldn't, "print money and distribute it willy-nilly."

Stop the Presses Jon Corzine would inflate the currency instead of reforming Social Security

[fso301]

For all the gold bugs out there, consider the hot economies in India and China. There are roughly 2 billion people in those two nations. In hot economies, jewelry sales tend to do well.

How much of current gold demand is being caused by Indians and Chinese spending their new money on jewelry?

[SaxxonWoods]

This guy is a shill for the gold selling market. I am hearing a lot of advertisements from gold sellers these days. They are selling you gold they bought at a lower price.

When was the gold market the hottest? When was everyone buying gold? When it went above $600 an ounce, about 23 years ago.

Remember the lines of people buying silver at $38 an ounce? It was going to $100. No, it topped at a little over $38. Silver just hit an 18 year high, at about $8.30 an ounce.

Where will gold go from here? I don't have a clue. But gold sellers sure are anxious to sell to me. If it is going to double, why are they so interested in selling to me?

[Travis McGee]

Gee, I wonder why the Fed no longer wants us to see M-3 data, and will no longer release the figures????

Crank up the printing presses! "Helicopter Ben" is coming to town!

[Travis McGee]

You might enjoy reading this.

[Toddsterpatriot]

Posted, as gold appears to be set to close above $500 for the first time in many years.

Gold is useful as a signal that the Fed is too tight or too loose with money supply. Used as currency it leaves a lot to be desired.

[JDoutrider]

Bump for later...