tag:blogger.com,1999:blog-6616959642391988608.post8620806577367194373..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: Gold as an investmentScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-16752803415981624042020-04-25T04:11:05.109-07:002020-04-25T04:11:05.109-07:00I rarely share my story with people, not only beca...I rarely share my story with people, not only because it put me at the lowest point ever but because it made me a person of ridicule among family and friends. I put all I had into Binary Options ($690,000) after hearing great testimonies about this new investment strategy. I was made to believe my investment would triple, it started good and I got returns (not up to what I had invested). GatheredAnonymoushttps://www.blogger.com/profile/12880763165404471530noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-30456581202637643952010-08-31T17:15:33.936-07:002010-08-31T17:15:33.936-07:00PL-
You have the last word.
Back at-cha on the mor...PL-<br />You have the last word.<br />Back at-cha on the morrow.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-88263753576981733232010-08-31T16:22:17.641-07:002010-08-31T16:22:17.641-07:00Benj,
"According to Mr. Bernanke, money, pro...Benj,<br /><br />"According to Mr. Bernanke, money, properly defined, must exhibit three characteristics: it must be a medium of exchange, a unit of account, and a store of value.[2] The US paper dollar certainly meets the first two requirements but it fails miserably on the last."<br /><br />The dollar is toast because 1 and 2 are predicated on the confidence in 3.<br /><br />You will Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-79947072297009156852010-08-31T14:35:37.147-07:002010-08-31T14:35:37.147-07:00PL-
It ain't that bad. We need structural refo...PL-<br />It ain't that bad. We need structural reforms yes--less rural welfare and subidy, less defense spending, no more mortgage interest tax deduction, no more Fannie/Freddie, less regs in general.<br />But, compared to most other eras, this one is pretty good.<br />Inflation cures the debt bomb.<br />Bring on inflation.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59705687217191575512010-08-31T13:24:27.666-07:002010-08-31T13:24:27.666-07:00Benj,
The move in gold probably reflects the dry ...Benj,<br /><br />The move in gold probably reflects the dry tinder box of reserves pilled up in the system. Have they caught fire, nope. Do they have the potential to wreak havoc? Absolutely! Like nothing we have ever witnessed before in this country.<br /><br />You can only debase the dollar so much before it become credibly useless in the global economy. Everyone knows the end is nigh but the Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-3302713852812711982010-08-31T13:19:34.667-07:002010-08-31T13:19:34.667-07:00Reading this post, one would wonder if the globe c...Reading this post, one would wonder if the globe consisted of one economy and one central banker--the USA and the Fed.<br /><br />According to the World Gold Council the Indians have emerged as heavy buyers of gold, for use in jewellery. China is the second-largest buyer. The USA is a bit player.<br /><br />Jewellery, not investment, comprises the lion's share of gold sales (though, I supposeBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-19286335994484585932010-08-31T13:08:33.416-07:002010-08-31T13:08:33.416-07:00The Fed is going at it with the pedal to the medal...The Fed is going at it with the pedal to the medal. No pun intended. <br /><br />QE2 is a tough sell with Gold at $2,000 and commodities soaring but I doubt this will thwart Helicopter Ben.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.com