tag:blogger.com,1999:blog-11719208.post3210373861855716709..comments2008-07-05T07:27:15.409-07:00Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11719208.post-67044046469143756552008-07-05T07:27:00.000-07:002008-07-05T07:27:00.000-07:00This new run up in bullion by GLD is concurrent with the ETF offering DGP that allows a theoretical double Gold position.<BR/><BR/>I wonder how many GLD holders have switched to DGP, I know I have except where I would take a huge taxable gain hit.<BR/><BR/>No way that Oil hits $180 without Gold hitting $1000. And if there is an Oil "correction" where will the fast money go; certainly not into stocks or bonds.atlasapplehttp://atlasapple.wordpress.com/noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-19937214420294023992008-07-03T16:41:00.000-07:002008-07-03T16:41:00.000-07:00I think you don't hear too much gold-bashing because everyone's busy bashing oil... indeed, if commodities price increases are an "evil", that is the greater evil...<BR/><BR/>Honestly, the monetary authorities should raise rates and if not transition back to hard money at least de-criminalize (tax penalty) gold ownership and phase out real-estate favors. They need to corral the flight-to-safety into something not critical for consumption.<BR/><BR/>I talk about some of these things <A HREF="http://ml-implode.com/viewnews/2008-06-30_DebateOverItsHyperinflationandUSEconomicCollapse.html" REL="nofollow">in my latest piece</A> (controversial for reading the current events as a global hyperinflation).Aaron Krownehttp://www.blogger.com/profile/10625220296615695247noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-29560502863076402802008-07-03T16:03:00.000-07:002008-07-03T16:03:00.000-07:00<I>look what happened to gold last time it reached this level --- CRASH!!!</I><BR/><BR/>Brilliant observation. You should short the GLD etf. Please let us know how that works out for you.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-77040868904884739852008-07-03T14:51:00.000-07:002008-07-03T14:51:00.000-07:00You don't hear too much gold bashing these days.Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-26234841614878389152008-07-03T14:18:00.000-07:002008-07-03T14:18:00.000-07:00I guess by that thinking it can never pass $1,000/oz again w/o crashing shortly afterwards. <BR/><BR/>With the craziness in markets, where the tiniest bit of good news for the dollar sends gold plummeting, it tells me that:<BR/><BR/>1. gold will rise slower than other commodities until the masses out there finally have the hope of a "business as usual" economy beat out of them by bad news.<BR/><BR/>2. That won't happen till unemployment gets much worse, their credit gets tapped out so that price increases really hurt (now they're just borrowing to fund lifestyle)<BR/><BR/>3. It also won't happen as long as the masses are buying into the government's phoney statistics on inflation. <BR/><BR/>4. Once that dam breaks, and the illusion is shattered, gold could really take off. If given the choice between holding dollars that lose maybe 10% of their value each year, US stocks doing even worse, or something tangible (besides real estate), I think gold is the winner by default.Brunonoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-69024064485607094552008-07-03T11:56:00.000-07:002008-07-03T11:56:00.000-07:00look what happened to gold last time it reached this level --- CRASH!!!Anonymousnoreply@blogger.com