Commodity Trade Mantra

Posts Tagged ‘Gold Bug’

5 Timeless Reasons Why Gold Is the Best Form of Money

The proper definition of money is as something that functions as a store of value and a medium of exchange. Government fiat currencies can, and currently do, function as money. But they are far from ideal. Aristotle defined five reasons why gold is money in the 4th century BCE. Those five reasons are as valid today as they were then. Here are the reasons why gold is the best money.

Gold Prices Setting Up For A Major Advance Ahead

A decisive break above $1,400 an ounce could be just around the corner & would signal the start of gold’s next major advance. Near term, gold prices will continue to be dependent on the flow of economic news as it affects expectations of Federal Reserve interest-rate policies. The U.S. & global economic news will continue to disappoint & this could be enough to support rising gold prices.

Greenspan Warns Of Imminent Crisis, Urges A Return To Gold Standard

“If we went back on the gold standard & adhered to the structure of the gold standard as it exited prior to 1913, we’d be fine. Remember that the period 1870 – 1913 was one of the most aggressive periods economically that we’ve had in the U.S. & that was a golden period of the gold standard. I’m known as a gold bug & everyone laughs at me, but why do central banks own gold now?” – Alan Greenspan

Why Gold Is Winning The Money Competition

We’re now getting into negative interest rates on bank accounts / deposits. These are breaking out around the world & Yellen has talked about the possibility of having them in the US. If gold has zero yield & bank deposits have a negative yield, gold is the high yield asset, zero is greater than negative 40 basis points. So gold is the high yield asset; zero is more than negative.

A New Opportunity to Collect Safe Income From Gold and Silver

I’m Not a “Gold Bug,” but I Like the Prospects for Gold and Silver. Today, the dynamics for gold and silver are shifting rapidly. Over the next five years, I believe that we could see prices for gold and silver move higher. I even believe that, both prices could potentially reverse all of their losses from the past several years as investors steadily accumulate gold and silver positions.

Some Kind of Financial Calamity Is Inevitable: Jim Rickards

I see disaster & when it comes to the financial systems in particular, we’re set up for an even worse catastrophe than we have in 2008.The Fed and the FDIC guaranteed the entire money market industry & put out the fire but they used up all their capacity. So now what if there’s a liquidity crisis now?

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