http://seekingalpha.com/articl…..ull-market

Be interested to know what the gold bugs think.

I disagree with this article. I believe the Daily Bell has reported that a new trading currency is already being used, SDR's, I think, and it is even being used by the US on oil trading with the OPEC nations, along with China and the Saudis. I do not see this dollar being respected for a lot longer, what with our trade policies, our economy, our manuf. output, our unemployment situtian or our admin.'s attempt at corp. takeover. They might be looking at the next Vermerk republic in their minds and/or working to bring down the US as the only World Superpower.

Stockcrazy:

This is the strategy I  had been advocating for the longest time. Instead of stocks, I buy physical gold and just hold them. I am also augmenting my gold collection with some mining stocks.

Here is one of the big reasons Gold is soaring today.

http://www.bloomberg.com/apps/…..m.roGyeOR0

India uses gold for the common citizen much more than most and I still believe the buying in Germany and now China is still going to drive the price higher. Has anyone heard the results, so far, from Herrods in England ?? Don't you love the fact that common everyday workers in many parts of the world can insert a EURO or whatever, into a ATM and buy a piece of gold ???

That's bad news for the US dollar.

Lebed has this to say about gold:-

Jonathan Lebed to me
show details 11:07 AM (11 minutes ago)

FOX showed me last night during the 9th inning of the World Series in Philly!
 

 
I am not a true Yankees fan… I am a Mets fan… and as a Mets fan I hate the Phillies. I decided that cheering for the Yankees would be the lesser of two evils.
 
Ben Bernanke also had to choose the lesser of two evils. He had a choice of either allowing the U.S. to endure a much needed recession or lower interest rates to 0%, monetize the government's deficit spending, and create hyperinflation. He has clearly chosen the latter, which I believe was the wrong decision.

 
Gold hit a new all time high today of $1,085 per ounce. I have been telling you to sell Real Estate and buy Gold since mid-2005 when Gold was in the mid-$400s.

 
The financial crisis is playing out almost exactly like was predicted in the documentary I helped produce "Hyperinflation Nation", which has now surpassed 283,000 views. Just remember this is not the 9th inning of hyperinflation, we are only in the second or third inning. We have not yet felt the wrath of Bernanke's destruction. The damage being done to our economy underneath the surface is getting worse with each passing day.
 
We had everybody on Wall Street cheering positive GDP growth last quarter, but in order to achieve this phony number we had to spend billions of newly printed dollars on "cash for clunkers", which took perfectly good cars and destroyed them while getting Americans deeper into debt.
 
Bernanke is worried about the rising price of gold, but he knows if he raises interest rates the financial markets would collapse. He is intent on keeping our economic house of cards propped up, but it won't last for long.
 
A decade from now there will be two classes of people in the U.S., those who got rid of their U.S. dollars and bought gold and silver today, and those who bought into the false hope that an "economic recovery" was here.
 
There is no economic recovery. It's stunning that there could be so many analysts on CNBC who got so quickly back to talking their books and recommending retail stocks, housing stocks, airline stocks and other sectors that nobody in their right mind should invest in. They act as if everything that happened last year was some sort of a once in a lifetime panic and now everything is back to "normal".
 
When stocks collapsed last year, it was the market trying to correct the imbalances that have been building for decades. By bailing out financial firms that deserved to fail and wasting billions of dollars on temporary non-productive stimulus jobs, we have created the appearance that things are back to normal, but the dollar bubble has gotten bigger than ever and the real collapse has yet to come!
 

—–

 
Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: http://www.lebed.biz/disclaimer.htm

Jonathan Lebed
Lebed.biz
Staff

Here is the other article:

One says US $, the other says SDR.

http://www.mineweb.com/mineweb…..;sn=Detail

The pertinent question is what is the significance if it was paid with US$? LIkewsie with SDR?

If it were up to me and I have tons of US$ to spend, I would rather get rid of the US$ rather than draw on the SDR. Against every other currencies, the US$ is tanking.

shredmonster said:

http://seekingalpha.com/articl…..ull-market

Be interested to know what the gold bugs think.

Shred:

You never told us how this article changed your perspective. I reckon that it turned you away from buying gold.  But you did end up buying some gold stocks, right?

The Kitco article has a totally different point of view though. I am sure it is frustrating trying to figure out gold. I had a really hard time deciding whether to get back into the market after March 2009. There are those who swear that the worse is yet to come (they might still be right, just wrong about the timing) and then there are those who jumped right back in with both feet and caught the perfect wave. I ended up missing most if not all the March rally.

With gold, I was debating buying physical gold coins since 2004 (gold was about $600 an oz then) but was discouraged by the extremely high premium charged for those numismatic rare coins (pre 1933). I only found out about bullion coins this year and bought a bunch between the price of 850 to 940. According to Kitco, I am probably one of those trying to cling on to the rocket ship travelling to Pluto  with suction cups

Ckeck out the guys at CMIGS. They are pretty good people and they do not try to push numismatic coins on you.

Great article! I just wish my gold miner stocks will move in tandem with the price of gold. I am surprised like most people that gold miner stocks are lagging behind the gold.