Gold

[Fudosan]

Billionaire investor Frank Giustra calls gold a bubble!

What I get from the article is that the bubble is being formed but has a long way to go. When the general public joins the game, that may be the peak of the bubble. I do like Frank's investment philosophy.

[Skol]

Here is one for Skol... maybe...

Billionaire investor Frank Giustra calls gold a bubble!

"Gold is the bubble of all bubbles. It's the mother of all bubbles".

Silverlight,

Frank Giustra probably owns lots of gold, I'd no more listen to him than I would Bernie Madoff.

[lakedaemonian]

Germany is asking the New York Fed to audit it's considerable gold holdings held in NY.

Much of Germany's very considerable gold holdings are still held outside of Germany as Germany has not shifted away from it's strategy of keeping it's gold safe from a potential Soviet/Warsaw Pact invasion.

Not only is Germany calling for a gold audit of the New York Fed gold storage, but it is going to begin repatriating it's gold starting at 50 tons a year back to Germany.

Not much gold her in Afghanistan, but it certainly holds value and is tradeable, unlike the Afghani currency(which IS wided used) or the slowly depreciating US Dollar.

[Skol]

Bloomberg report that bullish bets on gold have slumped the most in 3 months and:

Money managers added $648.5 million to commodity funds in the week ended Oct. 24, according to Brad Durham, a managing director for Cambridge, Massachusetts-based EPFR Global, which tracks money flows. That includes $620.1 million into gold and precious metal funds, lower than the average weekly inflow of $1.06 billion since Aug. 22, he said.

The boost to prices from quantitative easing “has kind of run its course for the time being,” Durham said.

[Fudosan]

Frank Giustra probably owns lots of gold, I'd no more listen to him than I would Bernie Madoff.

Is there any reason why you don't want to listen to him? I've listened to a few of his interviews and quite like his investing approach -- e.g. long term perspective, inflation bet.

[Skol]

Is there any reason why you don't want to listen to him? I've listened to a few of his interviews and quite like his investing approach -- e.g. long term perspective, inflation bet.

Why not listen to billionaire Warren Buffett?

[Fudosan]

Why not listen to billionaire Warren Buffett?

I do listen to Warren Buffett, as well as Jim Rogers, Marc Faber, etc.

[gv1]

One of the investment letters stated that all banks are stocking on Gold and soon will be trading on gold. Any advise....
thanks

[Skol]

One of the investment letters stated that all banks are stocking on Gold and soon will be trading on gold. Any advise....
thanks

Yes, it's crap, find a different newsletter.

Read Jon Nadler's newsletter for some real advice, not 'gold 's going to moon and we'll soon be on the gold standard' advice.

[JBmurc]

Jon Nadler = disinformation specialist (Skol's idol LOL)

http://www.tomaveni.com/Commentary/Nadler-01.htm