Nothing here should be taken as personal advice, financial or otherwise. No liability is accepted for third-party content, whether incorporated in or linked to this blog; or for unintentional error and inaccuracy. The blog author may have, or intend to change, a personal position in any stock or other kind of investment mentioned.

Saturday, December 01, 2012

Why buy gold?

See new post, here.

15 comments:

Paddington said...

Link appears broken.

A K Haart said...

I'm looking at gold myself. My son has just bought his first physical gold, so I may go for that.

Link works for me using Chrome.

James Higham said...

The gold debate rages and I confess to being just as confused as ever. Firstly it confers power to the few and secondly it is the only really safe haven.

Sackerson said...

Printing money in the form of debt, and extracting a percentage upfront as fees and in the form of notes, confers power.

James Higham said...

http://www.kitco.com/charts/livegold.html

Wolfie said...

Wow you´ve gone total Gold-Bug on us!

Sackerson said...

Hi, Wolfie. No, that was five or six years ago, when I didn't have the money - or I'd be in Devon and crowing.

Now, I think gold is fairly valued against the money supply though the relationship is stochastic and liable to delays and reversals. I see it as a long-term hold and a buy for those that think the money system is going to have to be rejigged after a major inflation episode.

When the velocity of money stops declining (it can't go to zero) and a bankrupt government continues with QEx, we will get that general inflation in prices.

Even then, those big-ticket items whose price is largely composed of borrowed money (e.g. average houses in the average non-SE area)will, I think decline relative to the cost of essential expenditures.

I suspect that food and energy will consume a larger proportion of the ordinary person's income for years to come - I wish I could prepay for 5 years' supplies.

Merry Xmas, and hope you and yours are well and will prosper.

Jeri Doyle said...

I'm sure coming again to construe these articles and blogs Shchilian Tips And Tricks

braveyard bossh said...

Great webpage brother I am gona inform this to all my friends and contacts.
Pool too You Website

Caleb Chong said...

Wonderful stuff. Bundle of thanks!!!
Go to Alp Pictures

David Otunga said...

Outstanding efforts for making this blog!! Your writers and your work are really appreciative.
payday loans online no credit check

Angelina Jullie said...

Your blogs and accretion attracts me to come back once more on your site.
faxless payday loan

pakar walker said...

This matter is down to earth, hats off buds out there. Brock And Skelly Tips And Tricks

boris baker said...

Really amazing blog, I’d love to discover some extra information.
Good Relationship With Vuln DB

sarah lara said...

How fine of you!!!! Really awesome efforts you have shown.
Click Dj Nahxa Link