"Risk on" or "Risk off" ?
jmski52
Posts: 22,822 ✭✭✭✭✭
CNBC host comments that nobody can figure out whether gold is "risk on" or "risk off". He says that "nobody knows what gold is".
Well, duh. I can tell you that it's "not fiat".
People's understanding of money has been so skewed that they only base their perceptions on what money aggregates, the stock markets and the bond markets are doing.
They don't count unemployed people who have given up looking for work as "unemployed" and they don't count food or fuel as part of "core inflation".
It's no wonder that the system is so screwed up. Who hired these people? It really does feel like we've fallen into the Looking Glass.
Well, duh. I can tell you that it's "not fiat".
People's understanding of money has been so skewed that they only base their perceptions on what money aggregates, the stock markets and the bond markets are doing.
They don't count unemployed people who have given up looking for work as "unemployed" and they don't count food or fuel as part of "core inflation".
It's no wonder that the system is so screwed up. Who hired these people? It really does feel like we've fallen into the Looking Glass.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.
I knew it would happen.
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<< <i>CNBC host comments that nobody can figure out whether gold is "risk on" or "risk off". He says that "nobody knows what gold is".
Well, duh. I can tell you that it's "not fiat".
People's understanding of money has been so skewed that they only base their perceptions on what money aggregates, the stock markets and the bond markets are doing.
They don't count unemployed people who have given up looking for work as "unemployed" and they don't count food or fuel as part of "core inflation".
It's no wonder that the system is so screwed up. Who hired these people? It really does feel like we've fallen into the Looking Glass. >>
My lunch break ended as they teased that clip before going to commercial :. I enjoy Fast Money, and most of the tripe on CNBC except for Kudlow (I hate perma-bulls), but I always take what I hear with a grain of salt so to speak.
A survey of the Professional Numismatists Guild (www.PNGdealers.com), a non-profit organization composed of the country's top rare coin and bullion coin dealers, almost unanimously points toward price increases. Coin dealers' predictions of where gold will close at the end of the first quarter in 2012 ranged from a low of $1,475 per ounce to a high of $2,155, with a mean average of $1,759.57. Their estimates for gold at the end of 2012 varied from $1,450 up to $2,575 with the average $1,976.22.
Predictions about silver in the first quarter varied from $24.35 per ounce to $57.50 with a mean average of $34.04, and from $23 to $130 with the average of $48.73 by the end of 2012.
Most of the leading coin and bullion dealers tend to be fairly savvy about PM price directions...at least the bigger players I have talked to over the years. Though I'm not so sure I'd put
too much faith in PNG dealers as a group as they tend to be a lot more numisatists than professional bullion dealers. The numismatist types probably are heavily influenced by what the
bullion and gold coin dealers are telling them.
roadrunner