interview with a gold bull, he uses fundamentals and makes about the best case I have ever heard for gold .. mostly becuase he is not telling us that gold is good because the end of the world is coming .. in other words balance ..
I was just looking ouside and it wasn't snowing. What's up Simon ? Just the other day you mentioned on classic FM that if someone gives you a hand of krugerrands you'll trade it for good wine. Gold is a relic right. Are we finally seeing the light ?
hey the red wine comment was last night, then less then 2 hours later I did the interview (checking out the wondow - no snow) .. nope still not planning on buying gold, but thing is I never before understood the arguement from the gold bugs .. in fact I had never heard a sensible arguement .. it was all end of the world, US goes bust nonsense (and even if they came true, gold was not the answer - bottled water was) ..
Yes, yes, agreed, some gold bugs report directly from asylums across the world, but you still should be able to cut through the noise and see some truth in what they are saying. Pieter Schiff and Richard Russell are no idiots, although the one's dad is in jail for not paying his taxes and the other one suffered a mild stroke in his early eighties.
There was a chap on Bloomberg last night saying the governments are selling gold whenever it gets high, and that if gold had tracked inflation, it would be $2300/oz. he also said the Fed Reserve was about half of what they are telling the world.
When treasuries collapse ..that is as good as end of the world coming! I've not heard a gold bug saying that Mars is going to smash into Earth and the reason to own Gold. You just never listened to what a Gold Bug has to say to you. The relic is as good as an `investment vehicle' into this market that we are trading in. It goes up and up and up. and you had to be told last night .. Hey. Gold is in a Bull market!