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TMFSinchiruna (< 20) Submitted: 1/31/08 4:43 PM : Start Price: $91.75 GLD Score: 15.94
Gold is going through $1,650 in short order, on its way through $2,000 and beyond. The US Dollar has no support, technical nor fundamental. Congress and the FED have made it blatantly obvious that they are willing to desperately try to print / inflate their way out of this mess, and this makes gold's future gains a given. I own no GLD in real life, preferring to hold CEF (Central Fund of Canada) for my physical bullion holdings. GLD and IAU will both do well, obviously, I just trust them a little less because they're run by the same investment banks who deal in and profit from both sides of the gold equation, and never make their true intentions clear. If you're looking to own bullion, I highly recommend CEF, which is a 50/50 basket of gold and silver.
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soyelpato (< 20) Submitted: 4/16/08 5:31 PM
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sinchiruna - the brakes are turning loose on this runaway train.danger: your CAPS score is about to be handsomely rewarded for your vigilance.
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Fallen001 (< 20) Submitted: 4/24/08 1:29 PM
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Sinchiruna: Looks like the cracks are showing through on the commodity bubble ... Oil & gold are going to tank big-time in the comming months ... big analysts are starting to say that value & growth stocks are bottomed out in terms of relative value to the market, so start looking for large investors to move themselves away from these two bone-headed inflation causing, inflation hedges & back into stocks ...
TMFSinchiruna (< 20) Submitted: 5/19/08 7:50 PM
Oh, Fallen001... where to begin? First, there is no commodity bubble, only a long-term secular bull market with its trend still fully intact. http://www.fool.com/investing/general/2008/05/05/gold-delivers-a-gut-check.aspxThose big analysts you cite are spin-doctors, trying to scare people out of commodities to drive down the prices and make more attractive entry levels for their hedge fund buddies looking to climb aboard for the next huge upleg. Those 'big analysts' are likely of the same ilk that proclaimed the health of Bear Stearns as rumors circulated and now keep alive the legless myth of a second-half 2008 recovery. Balderdash! :) Time will tell, my man.Your assertion that gold causes inflation indicates that you have some homework to do. Oil speculation above natural supply/demand dynamics would contribute to price inflation, but to the extent the present price may be speculative the market will soon correct itself. In the bigger picture, oil supply is contracting while demand is growing, and the trends themselves are driving forward-looking investors.Show me evidence that gold will "tank big-time", and let's engage in a debate where we'll compare that with the evidence I have that it will continue its rise. How high does gold have to climb to convince you that you're missing out on the investment opportunity of a lifetime? $1,200? $1,650? $2,000?
marcd77 (< 20) Submitted: 7/31/08 4:25 PM
Sinchiruna, are you familiar with GTU? It's essentially the same model as CEF but it's strictly gold, to my knowledge it is run by the same people as well. Currently the spreads are a bit wide as liquidity is still somewhat lacking but that will hopefully change as the summer doldrums pass and gold resumes it's uptrend.
Nigel1234 (< 20) Submitted: 10/03/08 10:58 PM
Completely agree. Gold will go higher than $2000, maybe $5000 or more. Don't think of gold in terms of the weak dollar to realize its true potential. In other words, gold is at an all time cheap level because the dollar's purchasing power is so small. The $800-900 we are seeing are actually much, much less in actual real value. If you look at the fear index, it is quite clear we will need gold to reach $1000's/oz just to reach all time peak levels. That little tidbit of info makes me even more excited about loading up on gold! And today's bailout (one of many, mark my words we will see multiple trillions in the next few years with countless printing of worthless US dollars) only helps gold's rise.
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