Home › Forums › Financial Markets/Economics › Gold Redux: What do you folks thing about this?
- This topic has 495 replies, 19 voices, and was last updated 14 years ago by
Aecetia.
-
AuthorPosts
-
May 30, 2009 at 10:05 AM #408176May 31, 2009 at 1:37 AM #407741
scaredyclassic
Participantallan took the article out of context because it doesn’t fit with his worldview, a normal worldview. i dont have the citations handy, but use your common sense. gold holds value. it was always valuable and it always will be. it may not provide a great ROI but it always is and always will be exactly what it is. gold. ya cant make it. you cant print it. it’s the single strongest financial performer in the universe. allan can pull up a couple points of data on the graph froma measly few decades. im talking about the freaking history of man freaking kind. and when things get ugly. when the normal world view doesnt work? gold hits its stride and pays off. you may say, oh it’s been in the news, it’s over done. you may be right. but to say it’s not historically a strong holder of value, is well, IDIOTIC. maybe even financially mentally deficient. im not saying you’ll “profit”. but it’s defintiely a store of value. no one who really believe sin the system we have, the powers that be, like that. the old phrase, HE WHO HAS THE GOLD MAKES TEH RULES .. i dunno what it all means. but if our fake digitized money system suddenly seems faker to people generally. if faith deterioriates. if the full faith and credit of the united states seems to hinge on our faith that the printing presses can be crnaked up fast enough…. gold may rule the day for a while. and even if it don’t, just that sense that the system could disintegrate, just that sense that the govt is lying to us and that there is no certainty that those dolalrs will be worth much next year, which is not unique to our time and place, it is always with us, always with man and these dumb financial systems he creates, means gold will always have a place as money. it is MONEY. fiat is interesting. but gold means something to all men at all times.
May 31, 2009 at 1:37 AM #407982Participantallan took the article out of context because it doesn’t fit with his worldview, a normal worldview. i dont have the citations handy, but use your common sense. gold holds value. it was always valuable and it always will be. it may not provide a great ROI but it always is and always will be exactly what it is. gold. ya cant make it. you cant print it. it’s the single strongest financial performer in the universe. allan can pull up a couple points of data on the graph froma measly few decades. im talking about the freaking history of man freaking kind. and when things get ugly. when the normal world view doesnt work? gold hits its stride and pays off. you may say, oh it’s been in the news, it’s over done. you may be right. but to say it’s not historically a strong holder of value, is well, IDIOTIC. maybe even financially mentally deficient. im not saying you’ll “profit”. but it’s defintiely a store of value. no one who really believe sin the system we have, the powers that be, like that. the old phrase, HE WHO HAS THE GOLD MAKES TEH RULES .. i dunno what it all means. but if our fake digitized money system suddenly seems faker to people generally. if faith deterioriates. if the full faith and credit of the united states seems to hinge on our faith that the printing presses can be crnaked up fast enough…. gold may rule the day for a while. and even if it don’t, just that sense that the system could disintegrate, just that sense that the govt is lying to us and that there is no certainty that those dolalrs will be worth much next year, which is not unique to our time and place, it is always with us, always with man and these dumb financial systems he creates, means gold will always have a place as money. it is MONEY. fiat is interesting. but gold means something to all men at all times.
May 31, 2009 at 1:37 AM #408225Participantallan took the article out of context because it doesn’t fit with his worldview, a normal worldview. i dont have the citations handy, but use your common sense. gold holds value. it was always valuable and it always will be. it may not provide a great ROI but it always is and always will be exactly what it is. gold. ya cant make it. you cant print it. it’s the single strongest financial performer in the universe. allan can pull up a couple points of data on the graph froma measly few decades. im talking about the freaking history of man freaking kind. and when things get ugly. when the normal world view doesnt work? gold hits its stride and pays off. you may say, oh it’s been in the news, it’s over done. you may be right. but to say it’s not historically a strong holder of value, is well, IDIOTIC. maybe even financially mentally deficient. im not saying you’ll “profit”. but it’s defintiely a store of value. no one who really believe sin the system we have, the powers that be, like that. the old phrase, HE WHO HAS THE GOLD MAKES TEH RULES .. i dunno what it all means. but if our fake digitized money system suddenly seems faker to people generally. if faith deterioriates. if the full faith and credit of the united states seems to hinge on our faith that the printing presses can be crnaked up fast enough…. gold may rule the day for a while. and even if it don’t, just that sense that the system could disintegrate, just that sense that the govt is lying to us and that there is no certainty that those dolalrs will be worth much next year, which is not unique to our time and place, it is always with us, always with man and these dumb financial systems he creates, means gold will always have a place as money. it is MONEY. fiat is interesting. but gold means something to all men at all times.
May 31, 2009 at 1:37 AM #408287Participantallan took the article out of context because it doesn’t fit with his worldview, a normal worldview. i dont have the citations handy, but use your common sense. gold holds value. it was always valuable and it always will be. it may not provide a great ROI but it always is and always will be exactly what it is. gold. ya cant make it. you cant print it. it’s the single strongest financial performer in the universe. allan can pull up a couple points of data on the graph froma measly few decades. im talking about the freaking history of man freaking kind. and when things get ugly. when the normal world view doesnt work? gold hits its stride and pays off. you may say, oh it’s been in the news, it’s over done. you may be right. but to say it’s not historically a strong holder of value, is well, IDIOTIC. maybe even financially mentally deficient. im not saying you’ll “profit”. but it’s defintiely a store of value. no one who really believe sin the system we have, the powers that be, like that. the old phrase, HE WHO HAS THE GOLD MAKES TEH RULES .. i dunno what it all means. but if our fake digitized money system suddenly seems faker to people generally. if faith deterioriates. if the full faith and credit of the united states seems to hinge on our faith that the printing presses can be crnaked up fast enough…. gold may rule the day for a while. and even if it don’t, just that sense that the system could disintegrate, just that sense that the govt is lying to us and that there is no certainty that those dolalrs will be worth much next year, which is not unique to our time and place, it is always with us, always with man and these dumb financial systems he creates, means gold will always have a place as money. it is MONEY. fiat is interesting. but gold means something to all men at all times.
May 31, 2009 at 1:37 AM #408435Participantallan took the article out of context because it doesn’t fit with his worldview, a normal worldview. i dont have the citations handy, but use your common sense. gold holds value. it was always valuable and it always will be. it may not provide a great ROI but it always is and always will be exactly what it is. gold. ya cant make it. you cant print it. it’s the single strongest financial performer in the universe. allan can pull up a couple points of data on the graph froma measly few decades. im talking about the freaking history of man freaking kind. and when things get ugly. when the normal world view doesnt work? gold hits its stride and pays off. you may say, oh it’s been in the news, it’s over done. you may be right. but to say it’s not historically a strong holder of value, is well, IDIOTIC. maybe even financially mentally deficient. im not saying you’ll “profit”. but it’s defintiely a store of value. no one who really believe sin the system we have, the powers that be, like that. the old phrase, HE WHO HAS THE GOLD MAKES TEH RULES .. i dunno what it all means. but if our fake digitized money system suddenly seems faker to people generally. if faith deterioriates. if the full faith and credit of the united states seems to hinge on our faith that the printing presses can be crnaked up fast enough…. gold may rule the day for a while. and even if it don’t, just that sense that the system could disintegrate, just that sense that the govt is lying to us and that there is no certainty that those dolalrs will be worth much next year, which is not unique to our time and place, it is always with us, always with man and these dumb financial systems he creates, means gold will always have a place as money. it is MONEY. fiat is interesting. but gold means something to all men at all times.
May 31, 2009 at 1:44 AM #407746Participantinterenet snippet:
What Makes Fair Value?
November 26th, 2006It seems to me a fairer estimation of the worth of a stock market might be it’s relationship to gold rather than other measures such as PE ratios, what one generation is prepared to pay in terms of PE multiples for a market seems to change much more easily that the purchasing value of gold.
“WITH AN OUNCE OF GOLD a man could buy suit of clothes in the time of Shakespeare, in Beethoven and Jefferson, in the Depression of the 1930s,” according to one of the sources for our chart. That remained true in the 1980s, but it isn’t true in the late 1990s. The suit standard now implies a gold price of perhaps $1,000 per ounce. A really good man’s suit today can easily cost 4 ounces of gold – say, $1,250 at gold’s mid-April high for the year to date. And that’s without a vest, once standard.
Which is particularly interesting because the real gold price has been astoundingly stable since Shakespeare (born 1564). Even in the troubled 20th century, with inflation in the West on a scale unprecedented during the last 600 years (FORBES, Jan. 12, 1998), gold’s wild oscillations averaged at $612, very close to its $639 average for the tranquil 19th century. And comfortably within its historic range.
Interesting point: Gold will have to rise by about $300 just to get back to the $627 average of the last two centuries.
Edwin S. Rubenstein, written in 1998.
so, a decade later, a blip on the histroical timeline, gold seems to be finding its place in hsitory. a good suit of clothes can be had for 1k.
.May 31, 2009 at 1:44 AM #407987Participantinterenet snippet:
What Makes Fair Value?
November 26th, 2006It seems to me a fairer estimation of the worth of a stock market might be it’s relationship to gold rather than other measures such as PE ratios, what one generation is prepared to pay in terms of PE multiples for a market seems to change much more easily that the purchasing value of gold.
“WITH AN OUNCE OF GOLD a man could buy suit of clothes in the time of Shakespeare, in Beethoven and Jefferson, in the Depression of the 1930s,” according to one of the sources for our chart. That remained true in the 1980s, but it isn’t true in the late 1990s. The suit standard now implies a gold price of perhaps $1,000 per ounce. A really good man’s suit today can easily cost 4 ounces of gold – say, $1,250 at gold’s mid-April high for the year to date. And that’s without a vest, once standard.
Which is particularly interesting because the real gold price has been astoundingly stable since Shakespeare (born 1564). Even in the troubled 20th century, with inflation in the West on a scale unprecedented during the last 600 years (FORBES, Jan. 12, 1998), gold’s wild oscillations averaged at $612, very close to its $639 average for the tranquil 19th century. And comfortably within its historic range.
Interesting point: Gold will have to rise by about $300 just to get back to the $627 average of the last two centuries.
Edwin S. Rubenstein, written in 1998.
so, a decade later, a blip on the histroical timeline, gold seems to be finding its place in hsitory. a good suit of clothes can be had for 1k.
.May 31, 2009 at 1:44 AM #408230Participantinterenet snippet:
What Makes Fair Value?
November 26th, 2006It seems to me a fairer estimation of the worth of a stock market might be it’s relationship to gold rather than other measures such as PE ratios, what one generation is prepared to pay in terms of PE multiples for a market seems to change much more easily that the purchasing value of gold.
“WITH AN OUNCE OF GOLD a man could buy suit of clothes in the time of Shakespeare, in Beethoven and Jefferson, in the Depression of the 1930s,” according to one of the sources for our chart. That remained true in the 1980s, but it isn’t true in the late 1990s. The suit standard now implies a gold price of perhaps $1,000 per ounce. A really good man’s suit today can easily cost 4 ounces of gold – say, $1,250 at gold’s mid-April high for the year to date. And that’s without a vest, once standard.
Which is particularly interesting because the real gold price has been astoundingly stable since Shakespeare (born 1564). Even in the troubled 20th century, with inflation in the West on a scale unprecedented during the last 600 years (FORBES, Jan. 12, 1998), gold’s wild oscillations averaged at $612, very close to its $639 average for the tranquil 19th century. And comfortably within its historic range.
Interesting point: Gold will have to rise by about $300 just to get back to the $627 average of the last two centuries.
Edwin S. Rubenstein, written in 1998.
so, a decade later, a blip on the histroical timeline, gold seems to be finding its place in hsitory. a good suit of clothes can be had for 1k.
.May 31, 2009 at 1:44 AM #408292Participantinterenet snippet:
What Makes Fair Value?
November 26th, 2006It seems to me a fairer estimation of the worth of a stock market might be it’s relationship to gold rather than other measures such as PE ratios, what one generation is prepared to pay in terms of PE multiples for a market seems to change much more easily that the purchasing value of gold.
“WITH AN OUNCE OF GOLD a man could buy suit of clothes in the time of Shakespeare, in Beethoven and Jefferson, in the Depression of the 1930s,” according to one of the sources for our chart. That remained true in the 1980s, but it isn’t true in the late 1990s. The suit standard now implies a gold price of perhaps $1,000 per ounce. A really good man’s suit today can easily cost 4 ounces of gold – say, $1,250 at gold’s mid-April high for the year to date. And that’s without a vest, once standard.
Which is particularly interesting because the real gold price has been astoundingly stable since Shakespeare (born 1564). Even in the troubled 20th century, with inflation in the West on a scale unprecedented during the last 600 years (FORBES, Jan. 12, 1998), gold’s wild oscillations averaged at $612, very close to its $639 average for the tranquil 19th century. And comfortably within its historic range.
Interesting point: Gold will have to rise by about $300 just to get back to the $627 average of the last two centuries.
Edwin S. Rubenstein, written in 1998.
so, a decade later, a blip on the histroical timeline, gold seems to be finding its place in hsitory. a good suit of clothes can be had for 1k.
.May 31, 2009 at 1:44 AM #408440Participantinterenet snippet:
What Makes Fair Value?
November 26th, 2006It seems to me a fairer estimation of the worth of a stock market might be it’s relationship to gold rather than other measures such as PE ratios, what one generation is prepared to pay in terms of PE multiples for a market seems to change much more easily that the purchasing value of gold.
“WITH AN OUNCE OF GOLD a man could buy suit of clothes in the time of Shakespeare, in Beethoven and Jefferson, in the Depression of the 1930s,” according to one of the sources for our chart. That remained true in the 1980s, but it isn’t true in the late 1990s. The suit standard now implies a gold price of perhaps $1,000 per ounce. A really good man’s suit today can easily cost 4 ounces of gold – say, $1,250 at gold’s mid-April high for the year to date. And that’s without a vest, once standard.
Which is particularly interesting because the real gold price has been astoundingly stable since Shakespeare (born 1564). Even in the troubled 20th century, with inflation in the West on a scale unprecedented during the last 600 years (FORBES, Jan. 12, 1998), gold’s wild oscillations averaged at $612, very close to its $639 average for the tranquil 19th century. And comfortably within its historic range.
Interesting point: Gold will have to rise by about $300 just to get back to the $627 average of the last two centuries.
Edwin S. Rubenstein, written in 1998.
so, a decade later, a blip on the histroical timeline, gold seems to be finding its place in hsitory. a good suit of clothes can be had for 1k.
.May 31, 2009 at 5:35 AM #4077514plexowner
Participant[img_assist|nid=11187|title=SPX vs GOLD|desc=|link=node|align=left|width=460|height=284]
chart shows how SP500 is doing relative to gold (since we mentioned pricing stocks relative to gold)
if you have a subscription at StockCharts.com you can draw this chart all the way back to 1999 – you will see that the stock market has been declining against gold since that point
May 31, 2009 at 5:35 AM #407992Participant[img_assist|nid=11187|title=SPX vs GOLD|desc=|link=node|align=left|width=460|height=284]
chart shows how SP500 is doing relative to gold (since we mentioned pricing stocks relative to gold)
if you have a subscription at StockCharts.com you can draw this chart all the way back to 1999 – you will see that the stock market has been declining against gold since that point
May 31, 2009 at 5:35 AM #408235Participant[img_assist|nid=11187|title=SPX vs GOLD|desc=|link=node|align=left|width=460|height=284]
chart shows how SP500 is doing relative to gold (since we mentioned pricing stocks relative to gold)
if you have a subscription at StockCharts.com you can draw this chart all the way back to 1999 – you will see that the stock market has been declining against gold since that point
May 31, 2009 at 5:35 AM #408297Participant[img_assist|nid=11187|title=SPX vs GOLD|desc=|link=node|align=left|width=460|height=284]
chart shows how SP500 is doing relative to gold (since we mentioned pricing stocks relative to gold)
if you have a subscription at StockCharts.com you can draw this chart all the way back to 1999 – you will see that the stock market has been declining against gold since that point
-
AuthorPosts
- You must be logged in to reply to this topic.