The Daily Telegraph is like a right-wing version of the national enquirer. Laughing is always the correct response to any article they publish.

LOL at comparing a broadsheet to a tabloid.

This is a terrible description.

No my argument is that earnings always grow over time, in real dollars.

Of course an unsustainable budget deficit leading to massive inflation would just accelerate the process.

Assuming he has a job or some source of income, he could just keep pouring whatever disposable income he has coming in into gold.

Also, the Enquirer has broken a lot more good stories over the years than most US big-city newspapers.

Yep, all those city newspapers still think Elvis is dead.

...and isn't making 2-headed babies with aliens!

Umm I make fiat and buy gold with it when the price dips. I will be a seller at some point when the fundamentals change. I'm thinking that might be during the inflation-risk-adjusting-hysteria after a bursting treasury bubble or maybe when some of the blue collar people I know start talking about buying it.

CNBC Worldwide Exchange is talking about gold vs other assets right now. One smart guy is saying that Silver/Platinum/Asian Equities will outperform Gold in 2009 but he still believes in the Gold holding it's value - Puru Saxena.

Sounds like a smart bet.

Go for it then. Put your money where you mouth is.

Gold punched through the neckline of an inverse head and shoulders pattern today in conjunction with a MACD crossover, two bullish signs. We'll see if the neckline resistance now becomes support.

If gold can power up to 950 then pull back slowly, it'll look very bullish. I wouldn't quite call this pattern very bullish yet, though.

Hyperinflation is coming.......precious metals and farmland are going to be tremendous investments.

FH

With gold increasing along with the relative dollar strength I am liking the commodity sector more and more. I own a silver stock (SLW) and am using it instead of gold simply because I feel it has a higher upside percentage than gold. If the market will bounce off 818 in the S&P another time or two I'll feel like the time is near to join the Don in AG stocks and maybe even a gold mining stock that doesn't hedge too much.

I know as I am know as a gold bug basher but it is only because few of them ever advocating buying on the dips and selling at least some on the peaks to lock in a bit of profit. I hold no grudge against precious metals themselves.

Since you didn't predict the deflationary environment we're in now, why should we take what you're saying to be true?

Arturius, with all due respect this is the most ridiculous logic I have seen you use to date, and thats really saying something.

Just because Fishhead didn't predict event A, all of his predictions about event B, C, D, and E are all invalid not even because he predicted wrong, but just because he didn't make a prediction? I have been reading this forum for 4 or 5 years now and I remember fishhead posting to buy commodities and farmland. Why don't you put up your predictions against his? My guess is that he has significantly more real assets than you and is going to be in an infinitely better place than you when TSHTF... fishhead can grow his own food... you have some toilet paper stocks...

ASK ANYONE LIVING IN THE UK RIGHT NOW IF THEY WISH THEY HAD GOLD AND SILVER INSTEAD OF POUNDS STERLING.

WAIT A SECOND. DIDN'T THE BRITISH POUND USED TO BE WORTH... ONE POUND OF STERLING SILVER? How many pounds does it take to buy one pound of sterling silver nowadays?

Locking in profit should mean trading gold for silver when the ratio is 1:80-1:100 and buying back gold when the ratio is 1:16-1:20. If you feel prices of one commodity are way too out of whack, trade a more expensive commodity for the cheaper one. For example I know quite a few people who have traded their gold into platinum recently. The problem with "taking profits" in this market is that this is your life insurance / crash insurance / medical insurance- one never knows when the game of musical chairs will end-- and anyone caught holding the bag of paper at the end is going to be very sorry. Anyone with an ounce of gold in 10 years is sure to be amillionaire, not that it will mean anything- a loaf of bread in zimbabwe is at least 7-10 trillion right now- you could surely get 1 or 2 quadrillion dollars right now w 1 oz of gold in zimbabwe- but you better spend them fast.

Also ask anyone you know in iceland if they wish they had converted some of their kronas into silver or gold? The pound will collapse before the US dollar, but neither one has more than a few years left imo, and that is a conservative project. I think the pound will be worth less than the dollar in 4-6 months, I would be shocked if the pound didn't completely collapse by the end of this year if not much sooner.

Welcome back Mediate, still as whacky as ever I see.

still wondering when this bubble is bursting . according to the long term relationship it is overvalued by around 100%

lol, maybe before you make up stuff you should do a fact check! Join Date: Jan 2007

You're an idiot. And you're making excuses for a bad call. If you can't predict step 1, then there isn't much hope for step 5, is there?

if they are dependent, then no, there is no real hope. however, if they are independent events, then yes, there is still hope

Barron

Well, he's been claiming they are, which is the whole point.

hmmm, interestingly enough, and ironically, there can STILL be hope if he got step 1 wrong b/c that means his hypothesis of the events being dependent can also be incorrect, which would mean it is still possible to hit the others...

Barron

It probably doesn't help he's never given any sort of time frame, ever.

some of these things are largely unpredictable in full and time frames are near impossible to be precise with.

a lot of whats happening is a tug of war and the phenomenon witnessed over certain periods is largely influence by who gains more tractions in the short run. Its extremely hard to markedly predict all the dynamic swings as we arent able to know the intracacies of everyones financial standings and choices and their on going changes and the precise government responses with precise magnitudes befre hand.

for example, lets say the government never let lehmen fail. the following months could have been very different.