tag:blogger.com,1999:blog-6616959642391988608.post5695014132727457363..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: How China could explain the decline in goldScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6616959642391988608.post-22942086201210006762014-10-28T11:53:54.381-07:002014-10-28T11:53:54.381-07:00This comment has been removed by the author.KMJFhttps://www.blogger.com/profile/13905758301592864269noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-23365815219371459442014-10-23T17:06:30.977-07:002014-10-23T17:06:30.977-07:00Matthew: thanks for your insights. Not sure though...Matthew: thanks for your insights. Not sure though---gold started falling in 2011 when USA and Japan started printing money...Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-76669964408778000042014-10-22T10:56:53.709-07:002014-10-22T10:56:53.709-07:00Benjamin: I prefer the Wanniski approach to gold. ...Benjamin: I prefer the Wanniski approach to gold. That is, it's a very good proxy for the relationship between the supply of money and the demand for money. When supply is too great relative to demand, it goes up and vice versa.<br /><br />Therefore, the price of gold (in dollars) is highly dependent on what the Fed does. If the Fed doesn't meet the demand for dollars then yes, gold isGrechsterhttps://www.blogger.com/profile/08898953158865778397noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-78504224401395754652014-10-21T20:48:13.173-07:002014-10-21T20:48:13.173-07:00Funny thing about gold:
People are ever describi...Funny thing about gold: <br /><br />People are ever describing one market or another as "in a bubble."<br /><br />Economist Eugene Fama said there is no such thing as a bubble, only what market participants think an asset is worth at the time. <br /><br />In other words, sophisticated institutional buyers bought large trophy office building complexes in 2008, which lost about half theirBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83549721396198753972014-10-21T16:57:24.103-07:002014-10-21T16:57:24.103-07:00Excellent post. I think we see gold soft for a cou...Excellent post. I think we see gold soft for a couple decades.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com