As of the close yesterday (and actually before then), the 50 year returns for holding physical gold are much higher than the 50 year returns for the Dow Jones Industrial Average.
Bear's Lair
Bear Markets always follow Bull markets and a severe stock market correction is long overdue. Bears Lair will spot, monitor and analyze the stock market correction as it develops.
I've heard more than a few pundits question an investment in gold or gold stocks in the current environment.
Market analysts, investment newsletter writers and financial planners are always commenting on how well, or poorly, the precious metals (read gold) mining sector is doing based on how a particular gold/silver mining index is trendi
This analyst has been watching the markets in the past couple of weeks with a fascination akin to that associated with watching a snake charmer in action.
The week finally saw a bounce from the past many weeks of declines. It wasn't so much that good news rallied markets, rather a lack of bad news for a change.
This is the second part of a conversation I was privileged enough to have with the great Mr. Jim Rogers.
Gold bullion and Crude Oil are both setting up for a rally higher if they continue to complete the breakouts.
I had the pleasure to talk with the famed investor and world traveler Mr. Jim Rogers on February 2nd, 2009 and I have finally gotten to transcribing the conversation.
"We are spending more money than we have ever spent before, and it does not work.
A speculator is a trader who approaches the financial markets with the intention to make a profit by buying low and selling high (or higher), not necessarily in that order.
This was one of the most news filled and busiest weeks I have ever had. Bailouts, lies and deception ruled the week. The events unfolding could hardly be imagined by most even a month ago, let alone years ago.
In my previous article I was calling for a trend acceleration in gold. My recommendation was to build and maintain a core position in physical bullion held in your own possession.
A couple of bright friends reported to me some overriding themes at the PDAC gathering in Toronto last weekend. Apparently, some surprise came to them.
Gold and gold stocks have had a nice controlled correction over the past 9 days. We look to be nearing the bottom of the bull trend channel, which could be a great buy point.
In summary, the following analysis/argument concludes that Depression is a far more likely outcome than Hyperinflation.
The mathematics of inflation is as follows:
In my article Growth and Debt: Is There a Trade-off? (www.gold-eagle.com , February 12, 2009) I have stated the "Iron Law of the Burden of Debt": The l
Gold ran at its highs of last March, before reacting back heavily, as expected and predicted in the last update. The 1-year chart makes very clear why it has reacted back so.
The past 6 months have been every interesting, as the financial markets try to find a bottom while banks go bankrupt and more and more investment scandals continue to pop up on the radar destroying investor's life savings literally
The week was a doozie seeing the major averages head into low ground and signalling more downward movement as the bear market unfolds. We will see a large rally but when is the real question.
I've been on the lookout for an article with a concise description of the ongoing saga of the Credit Default Swaps (CDS) markets to pass along to readers and I have found a nice, simple one on the Guardian UK website.
Modern economies were created by the collusion of bankers and government. The banks are now collapsing and only the governments are left. It's like watching a two legged man trying to stand on his one remaining leg.
The economic collapse continues to deepen with no end in sight, just more spending. In general many stocks remain expensive on a historical basis.
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The world’s gold supply increases by 2,600 tons per year versus the U.S. steel production of 11,000 tons per hour.
