Do We Goldbugs Finally Have Your Attention?

Seeking Alpha ^ | 11/13/2009 | Andy Sutton

[dollarbull]

Please point out the conflict you think you see between these two statements.

It doesn't require further explanation, but since you asked:

Statement 1:

Sorry, too many people on FR who don't understand economics ["I, Toddster understand economics, not these other fools"] think that an increased money supply must mean higher prices [Toddster's understanding: "an increased money supply, ceteris paribus won't cause prices to increase. Bernanke is magic and he'll avoid the pitfalls that got all the other bankers before him"]. I'm glad you don't agree with them [Toddster's position: "I don't agree with them either, I don't think there's a connection between money supply and prices"].

Statement 2:

Higher prices everywhere, preceded by massive money printing.

Your views don't fit the facts, not now, not anytime in history.

[Toddsterpatriot]

too many people on FR who don't understand economics think that an increased money supply must mean higher prices

Wow, that was easy.

[expat_panama]

Nice try

You're way overestimating my abilities here, I should thank you for the compliment of assuming that I actually intended to confuse the dates there.  OK, I'll admit that the Nov. 10 number had nothing to do with my trying anything, I was totally oblivious to the fact the link went back to Nov. 09 when gold closed at $1,126.

OK, you say gold is a store of wealth because since Nov. 09 gold had an anuallized 21% rate of return --the math may be hard to follow if you're taking Friday's $1,427 and saying it's $400 more than $1,126, but bear with me. 

While that may be a 21% annualized rate of return, we get a -81% annualized rate if we look at how gold's fallen since last Wednesday.  Store of wealth --hey, are you still there?

[dollarbull]

While that may be a 21% annualized rate of return, we get a -81% annualized rate if we look at how gold's fallen since last Wednesday. Store of wealth --hey, are you still there?

LOL - negative 81% annualized return?

Come on Panama, Gold is the BEST performing asset of the last 10 years (other than silver). It is crushing the stock and bond markets, crushing real estate. Not even Bernanke's spin doctors can make it look bad, so you don't stand a chance with your 3rd grade math skillz. You're killing me - just don't reply if that's all you got.