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Updated 4 months ago

Source:
http://whiskeyandgunpowder.com/
A couple weeks ago, I had my TV tuned to a business show that loves to give predictions on the markets and the economy. On that day, one of the program’s regular guests declared it was time to “short” gold, that it had reached its top, and that the precious metals bull market was over. I’ll try to be nice in my rebuttal.
So, what was his reasoning: technical analysis of wave counts? falling demand? a telling ratio? sun spots? No, he noted that upscale department store Harrods in London began ...
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For what it’s worth, I thought I’d interject one more piece of anecdotal data on how “popular” a phenomenon gold investing is. Kitco has published an iPhone app called “Kcast Gold Live!” It seems as though Kitco is enjoying some success with it, as the app is heavily downloaded.
Where that fits in between Harrods and Mr Clarks informal inquiries is anybody’s
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I’ll give you reasoning: A massive dollar short squeeze.
Unless you bought your gold in NZD, hedging a physical position by being long UUP or DGZ (or short equities) isn’t crazy, it’s *trading*.
I personally think the upcoming correction in PMs and PM stocks will be a chance to buy at a discount. But it’s due to correct.
You’ll know it’s
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Thanks for this article. I think it is germane to consider what Harrods is and what Harrods customers are like.
Harrods is a tourist/heritage site in West London. Customers who have serious money to spend there are foreigners – probably not indigent British. Although I digress, I often feel that they must be crooks (or married to a crook) to live in an expensive foreign city and flaunt
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Why Gold Has a Long Way to Go: About all I could find were the same ads that popped up after last year's Su.. http://bit.ly/4Dn037

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This post was mentioned on Twitter by WhiskeyGunpowde: Why Gold Has a Long Way to Go: A couple weeks ago, I had my TV tuned to a business show that loves to give predictio… http://bit.ly/2PZZ0q…

The smart investor recognizes that the only thing “reaching it’s top” right now is the US bond market. As the world continues to realize that US debt securities are a losing proposition the global “sell” signal will eventually sound. When that day comes, what will an ounce of gold cost then?
Why is this concept so difficult for some to understand?

Why Gold Has a Long Way to Go: A couple weeks ago, I had my TV tuned to a business show that loves to give predictio... http://bit.ly/2PZZ0q

Dear Jeff:
I laughed delightedly all the way through your terrific article.
However, I am not buying gold–but hold on, because I have excellent reasons. First, gold is too dense a form of storage of value for most of us, although I adore it. Silver is a better choice in terms of most budgets and has far greater utility should we get to the barter economy I expect during the
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