I couldn’t agree more.
I actually think the FED has done a great job given what they have to work with.
The FED doesn’t control trade policy so their efforts at helping unemployment in the face of tax/tariff policies that favor foreign producers has been like a band-aid on a cancer.
And the FED doesn’t control government spending. An irresponsible Congress would still borrow on a gold standard and promise that your kids would repay it in gold.
If the economy does recover for real, then we'll see.
Okay, the mythical 1.7% figure doesn’t include food or fuel, you know, the stuff that keeps us warm, fed and well lit. Add in food and fuel and tell me again about inflation. Bread is $4 a loaf, medium quality beef is $8/lb and gas is twice what it was when W left office.
“It’s one thing to be wrong about the way banking works and the way inflation might spread. But most of these people were explicitly recommending a substantial overweight in gold and silver as well. And they’ve been annihilated in recent years. Gold is down 33% from its 2011 highs. And silver is down a staggering 60% since the time I started referring to it as a bubble. These are massive moves and if you’ve been substantially overweight these metals in your portfolio then you’ve experienced substantial pain based on sheer misunderstandings by people who are posing as experts.”
http://www.freerepublic.com/focus/f-news/3033567/posts
Gold vs. Guns: One Investment Outshoots the Other
TheStreet.com ^ | 6/20/2013 | Robert Weinstein |
Posted on Thursday, June 20, 2013 7:23:53 AM by Grampa Dave
The S&P Gold Trust, GLD, can’t gloat about performance while near 52-week lows. Sturm Ruger delivers a big caliber dividend over 4%, while GLD slowly eats value from management and trading costs.
Now trading near $130.60, GLD was $45.30 at the beginning of 2005, an impressive gain. During the GLD peak in 2011, an investment in GLD was almost a four-bagger. Not bad at all, but Sturm Ruger started 2005 at $4.09, and is now over $48, a 12-bagger by itself, but Sturm Ruger paid out enough dividends since to return most of your original investment.
The bottom line is that guns as an investment may help you reach your safety and financial objectives better than gold can, both in physical form and as a stock.
(Excerpt) Read more at finance.yahoo.com ...
If our $’s are such a bad thing to own, why do the Gold and Silver merchants hawk their gold and silver 24/7/365 for $’s?
When is the gold/DJIA ratio going to be 1?