Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Looks like gsa1fan is quite happy or is he just trying to boost his post count?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>Look at the 3-day chart and it doesn't seem so bad. Gold got hit, too but interestingly they missed platinum. Weird. >>
I was just surprised by the big dive in such short time!
It looks like Platinum these days is not following much other PMs. Did I read it wrong? We are now at apporx $50 spread with gold, which is good for me!
The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
WTH? OK, which feces-flinging FEDeral primate has been flinging dirt at the gold and silver markets now? I just hate it when they do that. Opps, sorry, I must be in a foul mood today.
There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. –John Adams, 1826
PM's are just plummeting now, I only hope they go down further so I can get into it at the lower points. I stopped buying about 2 weeks ago, heck I might decide to try some Gold this time around if it spirals down some more
I just don't get it. When news about Greece gets better, PMs rise. But when Bananke suggests our economy shows signs of improving, PM's fall as they did Feb 29th.
So my take here is, if we get a somewhat rosy improvement with higher than expected employment numbers, PMs will fall?
But there was also a report that unemployment claims increased by 8000.
So with the coming report this morning, where do you think PMs are headed?
The more qualities observed in a coin, the more desirable that coin becomes!
<< <i>I just don't get it. When news about Greece gets better, PMs rise. But when Bananke suggests our economy shows signs of improving, PM's fall as they did Feb 29th. So my take here is, if we get a somewhat rosy improvement with higher than expected employment numbers, PMs will fall? But there was also a report that unemployment claims increased by 8000. So with the coming report this morning, where do you think PMs are headed? >>
PMs, based strictly on actual unemployment numbers, should continue steady rise. Unfortunately, there is always the threat of outside influence on PM prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
came accross this chart that reminded me why I keep my savings in PMs:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper!
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
How did they compare for the period 1981 to today?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
I'm using a chart that shows the current bull trend for gold vs. keeping savings in dollars (not stocks). One does not remain invested in the same asset forever, he goes with the one giving the best current return. Since 2002 savings in gold has heavily outperformed savings in dollars. What my referenced chart shows, and this is important, is the very negative affect of inflation on keeping one's savings in dollars.
The GOLD/DOW ratio tells you when it is time to get out of equities and it will tell you when to return to equities. If you mean dollars as paper this chart tells you everything you need to know about keeping your savings in dollars over the very long term:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
How did they compare for the period 1981 to today? >>
I couldn't find a chart, but it looks like paper still beats out gold since '71 by a couple of percentage points, with dividends re-invested. I guess my point would be that you don't want to be caught in one asset class if it heads to a long term Bear market. My paper investments have returned nothing like what I would have expected retirement in 2003, but bonds REITs and dividends kept me afloat, oh yeah, the PM allocation didn't hurt either
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
I'm using a chart that shows the current bull trend for gold vs. keeping savings in dollars (not stocks). One does not remain invested in the same asset forever, he goes with the one giving the best current return. Since 2002 savings in gold has heavily outperformed savings in dollars. What my referenced chart shows, and this is important, is the very negative affect of inflation on keeping one's savings in dollars.
The GOLD/DOW ratio tells you when it is time to get out of equities and it will tell you when to return to equities. If you mean dollars as paper this chart tells you everything you need to know about keeping your savings in dollars over the very long term:
>>
I always tell of my Grandmother going to the market in the early 1900's for her Mother. "She would give me 25 cents and tell me to get three pounds of Haddock, and I could keep the penny, what a treat that was" ed for typing errors
I always tell of my Grandmother going to the market in the early 1900's for her Mother. "She would give me 25 cents and tell me to get three pounds of Haddock, and I could keep the penny, what a treat that was"
Do you always also tell of how long and hard Great-grandfather or Great-grandmother had to work to earn that quarter?
A first generation Irishman, he was the envy of his peers because he had a position with the Town as a laborer, he made $15 a week. PS I got this info from a Town Census published in 1895
Comments
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Wow, what happened?! Silver dropped $1 in one minute!
I knew it would happen.
<< <i>Look at the 3-day chart and it doesn't seem so bad. Gold got hit, too but interestingly they missed platinum. Weird. >>
I was just surprised by the big dive in such short time!
It looks like Platinum these days is not following much other PMs. Did I read it wrong?
We are now at apporx $50 spread with gold, which is good for me!
<< <i>
<< <i>
<< <i>
Here we go again!!!!!!!!!!!!!!!!!
Wheeeeee!
And again!!!! >>
>>
>>
<< <i>
<< <i>
<< <i>
<< <i>
Here we go again!!!!!!!!!!!!!!!!!
Wheeeeee!
And again!!!! >>
>>
>>
>>
–John Adams, 1826
So my take here is, if we get a somewhat rosy improvement with higher than expected employment numbers, PMs will fall?
But there was also a report that unemployment claims increased by 8000.
So with the coming report this morning, where do you think PMs are headed?
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
<< <i>I just don't get it. When news about Greece gets better, PMs rise. But when Bananke suggests our economy shows signs of improving, PM's fall as they did Feb 29th.
So my take here is, if we get a somewhat rosy improvement with higher than expected employment numbers, PMs will fall?
But there was also a report that unemployment claims increased by 8000.
So with the coming report this morning, where do you think PMs are headed? >>
Regardless of what the government reports, Gallup's unemployment and underemployment measures show a substantial deterioration since mid-January.
PMs, based strictly on actual unemployment numbers, should continue steady rise. Unfortunately, there is always the threat of outside influence on PM prices.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>
<< <i>
<< <i>
Here we go again!!!!!!!!!!!!!!!!!
Wheeeeee!
And again!!!! >>
>>
>>
>>
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Welcome to the "New Normal".
I knew it would happen.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper!
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
How did they compare for the period 1981 to today?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
I'm using a chart that shows the current bull trend for gold vs. keeping savings in dollars (not stocks). One does not remain invested in the same asset forever, he goes with the one giving the best current return. Since 2002 savings in gold has heavily outperformed savings in dollars. What my referenced chart shows, and this is important, is the very negative affect of inflation on keeping one's savings in dollars.
The GOLD/DOW ratio tells you when it is time to get out of equities and it will tell you when to return to equities. If you mean dollars as paper this chart tells you everything you need to know about keeping your savings in dollars over the very long term:
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
How did they compare for the period 1981 to today? >>
I couldn't find a chart, but it looks like paper still beats out gold since '71 by a couple of percentage points, with dividends re-invested. I guess my point would be that you don't want to be caught in one asset class if it heads to a long term Bear market. My paper investments have returned nothing like what I would have expected retirement in 2003, but bonds REITs and dividends kept me afloat, oh yeah, the PM allocation didn't hurt either
<< <i>
<< <i>I think you're using too short a time period, A chart for the preceeding ten or twenty years would make gold look bad against stocks.
PS I just took a quick look at gold versus stocks for the period 1980-2000, the source I found says stocks outperformed gold by 72 fold. Too bad we didn't know when to get out of paper! >>
I'm using a chart that shows the current bull trend for gold vs. keeping savings in dollars (not stocks). One does not remain invested in the same asset forever, he goes with the one giving the best current return. Since 2002 savings in gold has heavily outperformed savings in dollars. What my referenced chart shows, and this is important, is the very negative affect of inflation on keeping one's savings in dollars.
The GOLD/DOW ratio tells you when it is time to get out of equities and it will tell you when to return to equities. If you mean dollars as paper this chart tells you everything you need to know about keeping your savings in dollars over the very long term:
I always tell of my Grandmother going to the market in the early 1900's for her Mother. "She would give me 25 cents and tell me to get three pounds of Haddock, and I could keep the penny, what a treat that was" ed for typing errors
Do you always also tell of how long and hard Great-grandfather or Great-grandmother had to work to earn that quarter?
Liberty: Parent of Science & Industry
PS I got this info from a Town Census published in 1895
Freed from these treacherous and unfair forces, the metals and the dollar would go to their TRUE values: Infinity and Zero.
Liberty: Parent of Science & Industry
7 days ending 3/21/12:
Gold avg: $1655 (down $27); Criteria #1 (no change); AGE (proof) $1935
Platinum avg: $1664 (down $5); Criteria #1 (no change); APE (proof) $1992