Posted on March 8, 2010 by MoneyBob
It’s time to provide some fundamental reasons as to why the dollar is in trouble long term and why the precious metals sector and the commodities sector stands to benefit from these dollar woes.
The US has a massive current account deficit and it only seems to be getting bigger. Economists may play with the numbers [...]
Filed under: Commodities, Credit Crunch, Debt Management, Deflation, Depression, Dooms Day, Economy, Gold, Inflation, Taxes, US Dollar, currency, economics | Tagged: Commodities, Depression, Dollar, Gold, Inflation, US Dollar | Leave a Comment »
Posted on January 1, 2010 by MoneyBob
Closing Price for London AM Fix: 2000-2009
Date
Gold AM Closing Price
29-Dec-00
$272.65
31-Dec-01
$276.50
31-Dec-02
$342.75
31-Dec-03
$417.25
30-Dec-04
$435.15
30-Dec-05
$513.00
29-Dec-06
$635.70
31-Dec-07
$836.50
31-Dec-08
$865.00
31-Dec-09
$1,104.00
Filed under: Commodities, Credit Crunch, Depression, Dooms Day, Economy, Gold, economics | Tagged: Gold, helicoter Ben, Inflation, The Fed | Leave a Comment »
Posted on November 26, 2009 by MoneyBob
WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.
But that happy situation, aided by ultralow interest rates, may not last much longer.
Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that [...]
Filed under: Bill Gross, PIMCO | Tagged: Bill Gross, Credit Crunch, Debt, Defcit, Deflation, Depression, Dollar, economics, Economy, Gold, Life, NY, NY Times, PIMCO, Stock Market, Thoughts, Work | Leave a Comment »
Posted on October 12, 2009 by MoneyBob
Famed investor Jim Rogers is “quite sure gold will go over $2000 per ounce during this bull market.”Rogers’ confidence gold will continue to rally stems from a view the U.S. dollar is on its way to losing status as the world’s reserve currency.”Is it going to happen? Yes,” Rogers says. “I don’t like saying it [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Diamonds, Dooms Day, Economy, Gold, Inflation, Interest Rates, Investing, Jim Rogers, MoneyBob Postings, Oil, Retirement, Saving, Silver, Stagflation, Stock Market, Taxes, The Fed, US Dollar, Uranium, Work, Yahoo Finance, currency, economics | Tagged: Commodities, Credit Crunch, Deflation, Depression, Dollar, Dooms Day, economics, GLD, Gold, Inflation, Investing, Investments, Jim Rogers, Life, Marc Faber, Mortgage Debt, Stock Market, Thoughts, Work | Leave a Comment »
Posted on October 12, 2009 by MoneyBob
Jim Rogers, famed investor and best-selling author, announced the start of a global commodities rally in 1999. It turned out to be a heck of call: Since then, commodities have dramatically outperformed stocks. Just this year, gold has hit record highs above $1000 per ounce, copper has nearly doubled and oil has rallied sharply off [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Gold, Inflation, Investing, Jim Rogers, MoneyBob Postings, Yahoo Finance, economics | Tagged: Commodities, corn, cotton, economics, Gold, Jim Rogers, Life, Oil, Silver, Thoughts, wheat, Work | Leave a Comment »
Posted on October 8, 2009 by MoneyBob
The gold bugs are finally enjoying their moment in the sun. After 20 horrible years, in which gold dropped from $800 to $250 an ounce, the sometimes-precious metal is now roaring to all-time highs.Some folks, moreover, think this is only the beginning. Peter Schiff recently told Tech Ticker gold is headed to $5,000 an ounce.But [...]
Filed under: Commodities, Copper, Deflation, Depression, Economy, Gold, MoneyBob Postings, Silver, economics | Tagged: Commodities, Copper, Gold, Silver | Leave a Comment »
Posted on September 26, 2009 by MoneyBob
Unlike the “legitimate bull markets” of many foreign markets, Peter Schiff believes the U.S. is merely experiencing a “rally in a bear market,” and is lagging the rest of the world “for a reason.”The worst is not over, according to Euro Pacific Capital’s Schiff, who predicts the Dow will fall another 90% from current levels [...]
Filed under: Commodities, Copper, Credit Crunch, Dooms Day, Economy, Gold, MoneyBob Postings, Silver, Yahoo Finance, economics | Tagged: Commodities, Copper, Gold, Silver, Stock Market, stock market crash | Leave a Comment »
Posted on September 26, 2009 by MoneyBob
The Fed upgraded its view of the economy Wednesday, declaring: “Economic activity has picked up following its severe downturn.”But forget all the talk about recovery, V-shaped or otherwise. The economy is actually worse today vs. during the depths of the recession, according to Peter Schiff, president of Euro Pacific Capital and author of Crash Proof [...]
Filed under: Aaron Task, Gold, MoneyBob Postings, Stagflation, US Dollar, Work, Yahoo Finance | Tagged: economics, Economy, Gold, Inflation, Life, Peter Schiff, Savings, Thoughts, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,” Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.A statement like that pretty much speaks for itself, [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Foreclosure, Gold, Inflation, Interest Rates, Investing, Life, MoneyBob Postings, Real Estate, Retirement, Risk in Portfolio, Saving, Stagflation, Stock Market, Thoughts, US Dollar, Work, economics | Tagged: business, Depression, Dollar, Dooms Day, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, War, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
Marc Faber, editor of The Gloom, Boom & Doom Report is, by his own account, “ultra-bearish” on the long-term fundamentals of the U.S. market. (Discussed in detail in this clip.)However, in the near term, Faber sees plenty of money-making opportunities in stocks. Sure, prices aren’t as cheap as they were in March, yet [...]
Filed under: Aaron Task, Commodities, Credit Crunch, Deflation, Depression, Dooms Day, Economy, Foreclosure, Gold, Inflation, Investing, Market History, MoneyBob Postings, Retirement, Risk in Portfolio, Saving, Stock Market, economics | Tagged: business, Depression, Dollar, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, Work | Leave a Comment »
