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 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 he’s confident, [...]
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 »
Posted on September 22, 2009 by MoneyBob
Marc Faber has an informal rule never to spend more than 10 days in a country before rushing to the next one. In addition to lots of frequent-flyer miles, this gives him the chance to see firsthand how lots of the world is doing.So how’s it doing?Better than the U.S., says Faber, the editor of [...]
Filed under: Aaron Task, Credit Crunch, Credit Freeze, Debt Management, Deflation, Depression, Dooms Day, Economy, Gold, Middle Class, Mining, MoneyBob Postings, Oil, Precious Metals, Real Estate, Silver, Stagflation, Stock Market, economics | Tagged: business, Depression, Dollar, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, Work | Leave a Comment »
Posted on September 22, 2009 by MoneyBob
Ken Fisher’s argument that America is “under indebted” and that more debt will be a global phenomenon in the next 10-20 years raised a lot of eyebrows last week – and quite a few catcalls in our comments section.Fisher may be technically right — that there’s appetite for more U.S. debt, but Marc Faber, editor [...]
Filed under: Aaron Task, Debt Management, Deflation, Dooms Day, Economy, Gold, Interest Rates, Investing, MoneyBob Postings, currency, economics | Tagged: business, Depression, Dollar, economics, Economy, Gold, Inflation, Investing, Life, Marc Faber, Silver, Stock Market, Thoughts, Work | Leave a Comment »
Posted on May 21, 2009 by MoneyBob
Bank of America-Merrill Lynch continues to recommend gold to its clients. In its May 21, 2009 report to clients, the bank wrote: “Gold has long been used as a hedge in times of heightened geopolitical instability, rising trade protectionism, 0% central bank target rates, and both inflation and deflation. So, when we see headlines like [...]
Filed under: Credit Crunch, Deflation, Depression, Economy, Gold, Inflation, economics | Tagged: Bank of America, Deflation, Economy, Gold, Inflation, Silver | 1 Comment »
Posted on October 23, 2008 by MoneyBob
“Speculative selling continues to hammer commodity prices,” wrote James Moore, an analyst at TheBullionDesk.com. Meanwhile, gold was also “under pressure as the dollar rallied.” Gold is often seen as an investment safe haven whose prices tend to rise when the economy falls into troubles, but its recent slumps have defied conventional wisdom. “The fact that [...]
Filed under: Commodities, Dooms Day, Economy, Gold, Precious Metals, Silver, economics | Tagged: Commodities, Gold, Hedge, Inflation, Precious Metals, Silver | 1 Comment »
Posted on October 20, 2008 by MoneyBob
On 10/16/2008 – Bought GLD at $80 per share. SPDR Gold Shares (GLD) SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues the SPDR Gold Shares (Shares) (formerly streetTRACKS Gold Shares) in blocks of 100,000 Shares (Baskets) in exchange for deposits [...]
Filed under: Credit Crunch, Dooms Day, Economy, Gold, Inflation, Investing, Mining, Saving, Silver, economics | Tagged: GLD, Gold, Inflation, Investing, Investments, Metals, Mining, Money, Silver, Spiders | Leave a Comment »
