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Gold's Not the Best Investment in Inflationary Times

""The true reality is that inflation CANNOT exist without increased economic activity."

So tell me, why what the hell was with those recessions in the 70s while we had "runaway inflation"?
Jan 06 14:34 pm |Rating: +1 0 |Link to Comment |View article
Is It Time to Buy Gold?

Dr. Jackpot, if you are 78 years old, then you spent the first half of your life buying things with gold. You were just too ignorant to realize it. That's why they were able to drop the US dollars peg to gold while you were probably more concerned with buying a Camaro to satisfy your midlife crisis.
Dec 05 11:28 am |Rating: +2 -4 |Link to Comment |View article
Dow Will Equal Gold in 2009

Byron, I see plenty of "sell your gold commercials". The only buy gold commercials I see are gimmicks where they charge you double the price of the metal.
Dec 04 12:33 pm |Rating: 0 0 |Link to Comment |View article
Being Wrong for Five Years Makes Peter Schiff Right Now?

haha, I like how you disclosed your Goldman Sach's position. Looking at your article history, you've been long GS since it was at $230 and you've been buying in the entire way down. I hope you don't manage anyone's money.
Nov 25 13:27 pm |Rating: +2 0 |Link to Comment |View article
Being Wrong for Five Years Makes Peter Schiff Right Now?

Todd, maybe you should do some research rather than viewing a handful of youtube videos and writing about it. Schiff was buying oil and gold the entire decade. They outperformed all the US stocks in that time period. Who lost their shirt? He was buying oil in 1998. If you bought oil in 1998, you are up 500%. Hell, if you bought in 2002, WHICH IS WHAT SCHIFF SAID TO DO, you are still up over 100%. Meanwhile, if you are in the Nasdaq, you are at 0%, and that's ignoring inflation.
Nov 25 13:09 pm |Rating: 0 0 |Link to Comment |View article
Five Questions on Gold for the House Banking Committee

".if you had a cellar full of food, would you trade it for all that gold?"

if I had a farm full of food, I would certainly trade it for some gold. An acre of land can produce thousands of pounds of berries. That's more than anyone can eat. What's a farmer to do? Sell it! Right now you barter for dollars. If the dollar gets creamed, you barter for gold/silver or you just barter by trading. It's obvious you would prefer to just barter with no money. I suggest you talk to someone who's lived through hyperinflation. I know 2 people who have. 1 from Bulgaria and another from Argentina. While it's great that you stocked up on food, it wouldn't hurt you to have some real precious metals in your pocket. The world does not end when your currency collapses. In fact, a black market forms for foreign currencies and the currency that has survived for 5000 years, gold.
Nov 21 12:23 pm |Rating: 0 0 |Link to Comment |View article
Surprising Call for Return to the Gold Standard

the hand,

we weren't on a gold standard in 1929. The government printed way more bills than gold they had to back it. That's called abandonment of the gold standard and it was the primary cause of the Roaring 20s stock market bubble. When people realized this, they tried turning in their cash for gold and the government said no. They then reset the price of gold to $35. That's not a gold standard. Had they not printed any additional bills that they had no gold to back with, there would have been no stock market bubble in the 20s.
Nov 19 10:47 am |Rating: +1 0 |Link to Comment |View article
Gold and Silver Are Not Proven Inflation Hedges

So let me get this straight, you post a graph of gold and silver over 100 years hovering around the rate of inflation and it's not a hedge how? Seems to me that gold/silver have performed well over the past 100 years protecting you from inflation.
Nov 13 12:56 pm |Rating: 0 0 |Link to Comment |View article
Attention Gold Bugs: Hyperinflation or Deflation?

Mr. Cafee might want to take a look at the price of GE during the 70s when we had massive inflation.
Nov 13 10:33 am |Rating: +1 0 |Link to Comment |View article
Attention Gold Bugs: Hyperinflation or Deflation?

Who's going to have the cash to buy gold? I dunno, someone will. Hank Paulson has about 700 billion dollars in his closet right now.
Nov 13 10:21 am |Rating: +2 0 |Link to Comment |View article
Gold: Protect Yourself from Future Inflation

raytayzmd, Does Jim Rogers manage any funds? He's got a few indexes named after him. He avoided the tech bubble. He avoided the housing bubble/CDO explosion. Rogers predicted the commodity boom back in 98. He was short Fannie Mae and Freddie Mac and all investment banks since last year. He's been spot on.

Jesus, you could figure this stuff out googling his name.

On Nov 12 12:20 PM raytayzmd wrote:

> I am so sick of hearing about Jim Rogers and his opinions...does
> he manage any funds where we can document his performance?...none
> that I know of...does he publish his brokerage statements to verify
> the trades he claims to be making?...I haven't seen any...the guy
> made his money with Soros thirty some years ago and then retired...for
> all anyone knows he may have done nothing more than Robert Precther
> who made a few million trading twenty years and then parked it in
> treasury bills and who since then hasn't been right about much of
> anything...
Nov 12 12:32 pm |Rating: 0 0 |Link to Comment |View article
Should We Really Bail Out the Big Three Automakers with $73.20 Per Hour Labor?

I'm finishing up my PhD in chemistry. If someone has those letters behind their name, it doesn't mean they earned it. I know a girl who got her PhD in chemistry who didn't know how to use a syringe. The kicker is, she was diabetic. True story. We give some of the dumbest people on earth PhDs in this country right now. It is possible to fail your way to the top of the pyramid in America. That's why we are in this mess. We've had morons fail their way into CEO positions. Hell, we had a guy fail his way to the presidency and then get reelected.
Nov 12 10:18 am |Rating: +1 -1 |Link to Comment |View article
Some Good Finance News: The Savings Rate is Rising

The Nobel prize has become more of a politically popular prize than a prize based on merit. Gore's understanding of climate change is ridiculously convoluted. He compares a response to slow rising sea level to the effects of Katrina. Katrina happened in a day. Rising sea levels affect on coastal cities will take decades to mature. The timescale and response will have nothing in common. People think that because sea level is rising that a tidal wave is coming. The reality is, a few people "may" lose their beachfront properties towards the end of this century. And Avenue A. will be the new Ocean Avenue.
Nov 11 14:52 pm |Rating: 0 0 |Link to Comment |View article
Jim Rogers on China and Commodities

Strangewalk, in the case against China, you site bad water. One of Rogers main plays has been Water Treatment Companies in China. Seems like a great case for certain aspects in China.
Nov 11 14:47 pm |Rating: 0 0 |Link to Comment |View article
Gold Price Continues Its Slide

I love your graphs, wtf did you do that with MS Paint? How professional.
Oct 30 11:11 am |Rating: 0 0 |Link to Comment |View article

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Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
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