Archive for the 'Gold Investment' Category

Date: March 16th, 2008, Filed under Gold Investment

It’s been a long while since my last update, mostly because life has become increasingly busy. My church printing co-op is growing leaps and bounds, my consulting business is still showing growth, and travel has taken a lot out of me. I’m putting about 70 hours a week into preparing for a fall in future income, and it is paying dividends today.

The gold market continues to shock me, but not because I feel it is in bubble mode. When the stock market was in bubble mode, everyone and their mother was talking stocks — including friends of mine who were not really able to invest. When the bubble moved to housing, those same people were talking houses. No one I know talks about gold, except those who have listened to me for the past 5 years or so. I know of many people who cashed in their gold holdings in 2007, selling with a 250-400% profit over a half decade. Good for them.

Read this entire article at the gold investment site.

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Date: December 3rd, 2007, Filed under Gold Investment

Times Online (UK) has a reasonable article titled Dollar faces new sell-off if Gulf states end greenback pegs that discusses the concern of some Middle East oil-producing States in divesting themselves of the so-called dollar peg. Currently, the petrodollar is the primary currency used to purchase oil. This petrodollar is already on its way out as Iran and Venezuela are looking to more currencies to be used to purchase oil. This can have a big negative consequence on the value of the dollar as more foreign States start using other currencies to hoard and redeem for oil. The concern here in the States is that the dollar’s loss as the petro reserve currency would cause oil prices to skyrocket, meaning a weaker dollar here and abroad. This view is justified, but there are many caveats to supporting it fully.

Read the rest of this article at the gold investment site.

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Date: November 30th, 2007, Filed under Gold Investment

I received quite a few emails regarding my post from a few days ago, titled Preparing for the Worsening Credit Crunch. I forgot to enable comments, oops.

One of the emails was added as a comment because I had asked her to. A regular reader, Lane Petersen, emailed me the following question:

this advice goes against everything ive ever read from ramsey and other financial gurus. id love to see you prove them wrong tho, because we are in big debt and following ramsey’s advice and each month we have nothing left over and it is depressing. i read it twice and it does sound like it makes more sense in a harder economy. can i email you my financials and have you tell me how to go over payments?

Read the rest of this article at the gold investment site.

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Date: November 28th, 2007, Filed under Gold Investment

About 1 year ago, I posted an article titled Gold de-hedging and the short term effect on gold’s dollar value. I was watching the dehedging phenomenon with gold in 2006, which was a very coordinated and systematic process over 2006. It continued into the first quarter of 2007, and started accelerating since then. I’m writing this article specifically because we hit #2 on Google for “Gold Investment” and #2 on Google for “Gold De-hedging” and I am getting a bunch of emails requesting information.

A year later, we now have top news regarding increased gold de-hedging, with the gold hedge book at its lowest level since 1992. In the third quarter of 2007 we saw a markable increase, one that is not expected to slow as the fourth quarter hits.

According to my information, the gold de-hedgers chopped almost 15% of their hedges in the second quarter alone. Some of the largest gold hedges are completely de-hedging all their positions by year’s end (I believe as much as 40% of hedges will be gone).

Read the rest of this article at the gold investment site.

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Date: November 26th, 2007, Filed under Gold Investment

The day doesn’t end without at least 3 emails from family, friends and customers who are now starting to listen to me. For 3 years, I’ve been the contrarian “sky is falling” housing bubble (and stock bubble, and commodity bubble) advocate, with few if any listening. Now the news is admitting the market’s problems, and some old media organizations are backtracking to the start of it all.

I was the sole Greenspan-detractor in 2002 of anyone I knew. Now everyone is bashing the man that was king.

The most common email I get is “So what do we do???” I’ve been preparing a Flash-based applet that lets people enter all their facts (income, expenses, mortgage, credit, leases, etc, etc), and tries to come up with an answer. Of course there is no one-size fits all solution, but there are generalities for all income and expense levels that should give you a foot in the door to escape the credit crunch.

Read the rest of this at the gold investment site.

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Date: November 24th, 2007, Filed under Gold Investment

Ron Paul, Presidential candidate for the Republican party, wants to do away with the Federal Reserve, fiat currency (meaning money that is backed by nothing), and return to a currency backed by something.

GC, a reader, posted the following reply to a recent article I posted:

I read these comments all the time about the federal reserve system with its extended tentacles worldwide, but NO ONE even the worlds leading economists have come up with an alternate solution
that could be implimented without causing a worldwide collapse of the financial markets.

Read the rest of this article at the gold investment site.

Comments: 1