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Is Gold a Buy or is it “Toppy”?
A few weeks ago the gold rush was back on.
Inflation fears were rising. Yields on treasury bonds were rising. Gold was making another run at $1,000. Leading the headlines though and sparking the most interest was hedge fund manager John Paulson and his big bets on gold and gold stocks.
Since then, interest in gold has cooled quite a bit.
The latest Consumer Price Index reading quelled inflation fears and put deflationary risks back in focus. The U.S. government’s measure of inflation indicated prices fell 1.3% over the past year. It was the biggest decline since the Truman Administration.
With…
23Jun2009 | Q1 Publishing | 1 comment | ContinuedThe Best Ways to Buy Gold and Silver Now
Once again, the U.S. Mint can’t keep up with the huge demand for American eagle gold and silver coins. Americans are so anxious about the uncertainty of the seemingly never-ending financial crisis that they are demanding physical positions of their gold and silver, the only true money.
It’s not hard to see why. In many ways American eagles are ideal ways to buy gold and silver.
They are easily recognized, certified by the U.S. government, and easy to buy and sell through any coin dealer worldwide. And they normally sell for close to their bullion value. That is, until recently.
Prices for gold…
19Mar2009 | Investment U | 0 comments | ContinuedThe No. 1 Way to Buy Gold Now… It’s NOT Gold Mining Stocks
Real investors almost never buy gold stocks.
Mind you, I’m not talking about traders. I’m talking about investors. I’m talking about people who know the value of owning a great business for decades… people who have proven they can intelligently deploy capital and compound wealth at double-digit rates for a generation. Great investors like Warren Buffett, Charlie Munger, and Peter Lynch usually laugh at the thought of buying equity in a gold mining business.
Mining companies use enormous machines and armies of people to dig gigantic holes and pull tons of dirt and rocks out of them. They have relatively small amounts…
9Mar2009 | Stansberry and Associates | 0 comments | ContinuedIs Now the Time to Buy Gold?
Just a few months ago the race was on for gold. In March, gold blew past $1,000 an ounce. Commentators were jumping over each other to make a more attention-getting prediction than anyone else.
$1,500 an ounce…$2,000…$3,000 – they would say.
The gold bulls were getting very aggressive. Some even started adding a time element to their predictions (i.e. “gold will hit $1,500 an ounce within a year” – that really only happens when bullishness is at an extreme high). I even saw a few – back of the envelope – calculations to justify $10,000 an ounce gold…or higher!
At the time, inflation…
5Dec2008 | Q1 Publishing | 0 comments | ContinuedJon Nadler: How to Hold Gold
Source: The Gold Report
In this second installment of The Gold Report’s exclusive interview with Kitco senior investment products analyst Jon Nadler, he not only shares a few insights about the so-called “poor man’s gold” (silver) but offers specific advice about how much of the real McCoy our portfolios should hold. He also sheds some light on the differences among EFTs, gold funds and pool accounts.
TGR: About a year ago, you told us that between 8% and 12% is an ample amount of gold to hold in the portfolio as insurance. Do you still advocate that sort of allocation?
JN: Given the circumstances we…
“Gold Train, All Aboard!â€
If you ask any of my good friends, they’ll tell you “Don’t get Nick Jones started on gold. He’ll talk your ears off.â€
Unfortunately, my friends are right. Precious metals were the very first market I ever researched. I’m glad that’s where I started, because to understand gold is to understand the U.S. dollar. To understand the U.S. dollar is to understand macroeconomics, housing, credit finance, and energy makets.
After putting in an excessive amount of due diligence into the above mentioned issues, I came to the conclusion that inflation and economic woes were on their way. In fact, I decided…
21Aug2008 | Oxbury Research | Comments Off | ContinuedToo Late to Buy Gold?
It’s hard to be bullish on gold when there’s so much bad news in the world.
After all, gold offers a refuge against bad times ahead. Like all good insurance, it’s best bought before trouble arrives — not during or after.
And just how much worse can the news get from here?
1. The Dow’s on track to close out its worst June since the Great Depression, down almost 10 percent for the month.
2. GM’s stock is trading at a 54-year low, taking it right back to when CEO Charles Wilson declared “what was good for the country was good for General Motors…
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