Mike Gardner at Dec 5, 2008 06:02 PMGLD
I should add to my comment below that when buyers start bailing on T-Bonds and going to gold, Mr. Bernake will start buying them in earnest. Mr. T (Treasury) will be selling to Mr. F (Fed). That's a pretty neat trick, and Ben has already said he will do it when rates are at rock bottom and no-one else is left to sell to. Everybody in cash will get wiped out when that happens.
Mike Gardner at Dec 5, 2008 05:55 PMGLD
When all those bond holders realize that they are losing ground month after month, that's when a shift to gold will take place. Exactly when that will happen is anybody's guess.
MurrayR at Nov 28, 2008 08:34 AMWhy Gold Won’t Disappoint For Much Longer
The government is printing money so fast that even cash isn’t a safe bet any more, says Daniel Zurbrügg. And even though gold has slumped during this crisis, the long-term outlook for gold investing remains attractive. Once institutional investors stop dumping gold holdings and the US dollar rally stalls, Daniel says gold will zoom back up to $1,000 an ounce and beyond.
JK at Nov 25, 2008 05:50 AMBig Spender
So Cramer sells his 300 measley shares of "paper gold" and it's time to bail gold? LOL
We are in deflationary times which leads to reinflation then hyperinflation.
Good luck getting back in gold when you will need it most Jimmy.
BTW, $22K will buy you about 21 ounces of the real thing right now Jimmy and thats pocket change.
How's the rest of your portfolio holding up? LOL
John Hayes at Nov 24, 2008 08:38 PMGLD
China just purchased 4000 tons of gold to hedge against the inevitable. David Roper correctly drew the picture, " Fed. printing money like monopoly money," and that says it all!
T at Nov 23, 2008 05:06 PMreally, what will happen to GLD?
when it becomes clear that the paper gold market is a fraud and there isn't enough physical gold out there. If anything, I'm thinking of selling my GLD and finding some physical gold. Cramer is half right.
David Roper at Nov 22, 2008 04:32 PMGLD
With the Fed printing money like Monopoly money and giving it away in the Trillions you would think that GOLD (and GLD) would be soaring. I can't figure this out at all. I guess Gold is not hinged to a printing excess dollars anymore like it was in the 1970's.
Tim at Nov 21, 2008 05:55 PMPerfect
This is a perfect indicator to buy, If I had any more liquid funds today would be the perfect time to buy as gold is oversold and even better, Cramer says sell!
Eddie at Nov 21, 2008 01:26 PMTiming?
When Jimbo sells ... buy
at Dec 5, 2008 06:02 PM GLD I should add to my comment below that when buyers start bailing on T-Bonds and going to gold, Mr. Bernake will start buying them in earnest. Mr. T (Treasury) will be selling to Mr. F (Fed). That's a pretty neat trick, and Ben has already said he will do it when rates are at rock bottom and no-one else is left to sell to. Everybody in cash will get wiped out when that happens.
at Dec 5, 2008 05:55 PM GLD When all those bond holders realize that they are losing ground month after month, that's when a shift to gold will take place. Exactly when that will happen is anybody's guess.
at Nov 28, 2008 08:34 AM Why Gold Won’t Disappoint For Much Longer The government is printing money so fast that even cash isn’t a safe bet any more, says Daniel Zurbrügg. And even though gold has slumped during this crisis, the long-term outlook for gold investing remains attractive. Once institutional investors stop dumping gold holdings and the US dollar rally stalls, Daniel says gold will zoom back up to $1,000 an ounce and beyond.
at Nov 25, 2008 05:50 AM Big Spender So Cramer sells his 300 measley shares of "paper gold" and it's time to bail gold? LOL We are in deflationary times which leads to reinflation then hyperinflation. Good luck getting back in gold when you will need it most Jimmy. BTW, $22K will buy you about 21 ounces of the real thing right now Jimmy and thats pocket change. How's the rest of your portfolio holding up? LOL
at Nov 24, 2008 08:38 PM GLD China just purchased 4000 tons of gold to hedge against the inevitable. David Roper correctly drew the picture, " Fed. printing money like monopoly money," and that says it all!
at Nov 23, 2008 05:06 PM really, what will happen to GLD? when it becomes clear that the paper gold market is a fraud and there isn't enough physical gold out there. If anything, I'm thinking of selling my GLD and finding some physical gold. Cramer is half right.
at Nov 22, 2008 04:32 PM GLD With the Fed printing money like Monopoly money and giving it away in the Trillions you would think that GOLD (and GLD) would be soaring. I can't figure this out at all. I guess Gold is not hinged to a printing excess dollars anymore like it was in the 1970's.
at Nov 21, 2008 05:55 PM Perfect This is a perfect indicator to buy, If I had any more liquid funds today would be the perfect time to buy as gold is oversold and even better, Cramer says sell!
at Nov 21, 2008 01:26 PM Timing? When Jimbo sells ... buy