The Mess That Greenspan Made: This just in ...

Thursday, March 13, 2008

From Reuters comes word that another milestone has been reached.

Anonymous said...: Go DGP!

Got Gold?

(Disclosure: very long DGP); March 13, 2008 7:00 AM
EconomicDisconnect said...: With GOLD now over $1000 an ounce, now is a good time to make sure your gold bars are rated "AAA" by Fitch and Moody's, oh nevermind!; March 13, 2008 8:17 AM
Anonymous said...: Clueless in Atlanta. From CNN.Money's Ben Rooney:

"So the least risky way to try and get on the gold bandwagon is to put some money into mining companies.

"Shares of some of the largest gold miners have been riding gold's momentum and in some cases have outperformed the metal itself. Like ETFs, mining shares allow investors to reap the benefits of soaring gold prices without having to buy the metal itself, thereby avoiding all those costly fees."

Never mind that the miners are roughly twice as volatile as gold itself and that energy costs and various natural and man-made disasters have been squeezing margins . . .; March 13, 2008 7:18 PM
Tim said...: Yeah, I've heard some pretty ridiculous advice about buying precious metals lately too.; March 13, 2008 9:40 PM
Anonymous said...: The headline SHOULD read, "Dollar reaches new low of 1/1000 ounce of gold."

Everyone cooperates in the fantasy that a dollar is a constant value and goods or wages rise and fall against it.; March 14, 2008 4:55 AM
Anonymous said...: I am inclined to believe the miners are due for a catch up run and especially the juniors.; March 17, 2008 5:34 AM