Comments on: Gold Price Hits Record High

By: An Average American

An Average American — Wed, 23 Jun 2010 15:27:02 +0000

Gold isn’t at a record high in inflation adjusted dollars. In that regard it’s all time high was in 1980 when it reached around $2,200 in 2010 dollars.

By: An Average American

An Average American — Wed, 23 Jun 2010 15:27:00 +0000

Gold isn’t at a record high in inflation adjusted dollars. In that regard it’s all time high was in 1980 when it reached around $2,200 in 2010 dollars.

By: Real Estate Investors take note: Gold hits another high | Kitchener Waterloo Real Estate Investment Property Information

Sat, 19 Jun 2010 11:53:28 +0000

[...] From MarketWatch (hat tip Stacy McCain): [...]

By: bruce

bruce — Fri, 18 Jun 2010 17:25:31 +0000

i am glad i have been buying gold for over 10yrs.oh people use to make fun of me and say what do you want that stuff for?well they are not laughing now, i also bought land in the middle of a forest along with guns and ammo.i have taken all my money out of the stock market and invested it in cows,pigs, and chickens.what i am saying is bongo and his band of commie traitors can go preform an unnatural act on them selves.

By: bruce

bruce — Fri, 18 Jun 2010 17:25:00 +0000

By: Nostromo

Nostromo — Fri, 18 Jun 2010 12:59:27 +0000

Don’t “bet the farm” buying gold, but 10% of your nest egg is prudent. Several miners are doing well and provide some leverage to boot.

By: Nostromo

Nostromo — Fri, 18 Jun 2010 12:59:00 +0000

Don’t “bet the farm” buying gold, but 10% of your nest egg is prudent. Several miners are doing well and provide some leverage to boot.

By: Instapundit » Blog Archive » ALAN GREENSPAN: U.S. May Soon Reach Borrowing Limit. Former Federal Reserve Chairman Alan Greens…

Fri, 18 Jun 2010 12:16:37 +0000

[...] Indeed. Related: Gold hits record high. [...]

By: Newsweek Intern Attempts to Describe Hayek’s Road to Serfdom: Massive FAIL : The Other McCain

Fri, 18 Jun 2010 04:28:10 +0000

[...] Hayek for free, I recommend “The Intellectuals and Socialism.” And, oh, yeah, Glenn Beck is right: Buy gold. var addthis_append_data='false';var addthis_language='en';var addthis_options='twitter, digg, [...]

By: Estragon

Estragon — Fri, 18 Jun 2010 04:06:41 +0000

From a technical point of view, the market was oversold and has only now moved back into balance. Coincidentally or not, it is right at the 50-day Exponential Moving Average, a significant point of resistance.

What the market hasn’t discounted is the enormous influence of government borrowing in the economic activity we’ve seen in the last year. It’s not real – just like in the Keynes-Hayek rap video, the market mistakes all this new borrowed money for real capital.

Here’s a good explanation of the situation: http://tinyurl.com/26vyjlk .

Once again, anyone contemplating buying gold at its all time high should review their plan with a competent professional before betting the farm. Anything that is going up is a good buy – as long as you remember to sell at the peak, or at least cash in profits when you can.

How do you know when it has peaked? Well, that’s the problem . . .

Remember that investors in every boom in history have believed it wouldn’t end. It was true of the market in the ’20s, of gold buyers in ’79-’80, of tech stock buyers in ’99 – ’01, of real estate investors in ’03-’07, and of tulip bulb buyers in the Netherlands in the 17th Century.

“Oh, no, THIS TIME WILL BE DIFFERENT!” (That’s what the others thought, too) . . .