Gold

[Skol]

Well,that settles it-Forget about the state of the US economy,horrible unemployment,and inflation,--Im going to base all my investment decisions on an Indian Prophecy website--Its all so simple!

What inflation? Another goldbug load of bollocks. Goldbugs perpetuate these myths that the financial world is ending, have done for years, and has it?

Of course not!

The PM craze is ending, the USD is still the reserve currency despite goldbug fairytales of its imminent demise and October is historically the worst month for precious metals.

[skid]

Your predicting a crash in Precious metals--Im backing those who predict inflation [from QE3]
Watch this space

[elZorro]

This short article is good, the comments afterwards too. Again they missed the point though, we need cheap energy.

Oops forgot the link didn't I..

[gonzo56]

Well, I'm backing Gold to rise. If gold is seen as hedge against currency devaluation and the US are devaluing their currency....

Anyway, it should be a bumper day for stocks overseas tonight. It's getting ever so close to $1800 again. Who can resist Gold?

[Skol]

Who can resist gold?

Me. For the last year gold's up 9%, the S&P500's up 27%. Has it ever occurred to you that gold might suddenly and unexpectedly devalue as well?

[gonzo56]

Yes, sure. It will eventually.

[Silverlight]

For the last year gold's up 9%, the S&P500's up 27%.

Your statement contains true facts, here are some more:
Gold vs S&P500.JPG

[Skol]

Your statement contains true facts, here are some more:
Gold vs S&P500.JPG

With the S&P500, you've got diversification, with gold you've got none.

[Silverlight]

With the S&P500, you've got diversification, with gold you've got none.

S&P500 is all stocks, thats not diversification.

[skid]

Your statement contains true facts, here are some more:
Gold vs S&P500.JPG

Thats a very interesting chart SL-- I think our freind Skol would make an excellent Politician