Yesterday, I stumbled across an article about investing in gold over at Get Rich Slowly¹. Actually, I guess it could be better said that it was an article about not investing in gold. While Mr. Roth’s post is well-researched, the two of us are definitely sitting on opposite sides of the fence. I think that some of his reasons to brush aside gold have been presented without a clear understanding of the role of “money” in a society, and also I feel that some of his statements about historical bubbles aren’t really relevant in discussing golds current trends. Here I just wanted to take a look at a few tidbits from his article, and add my comments. Continue Reading…

If you’ve spent any time looking at news headlines relating to gold or silver lately, you’ll notice that more and more central banks are changing from being net sellers of gold to net buyers. One might wonder why a central bank would ever be a net seller of gold, but that’s an article for another time. Continue Reading…

I wanted to write this post after reading some of the responses to a suggestion by Robert Zoellick (who happens to be the president of the World Bank) that gold might have a role to play in determining the valuation of future currency or set of currencies that uses more than just the US dollar as the world’s reserve currency. Continue Reading…

The past month in silver has been amazing to watch, especially alongside Helicopter Ben’s QE2 shenanigans.

Truly I hope that the general public is becoming more aware of the importance of Gold and Silver given the dollar debasement currently going on, especially with many claiming that it’s no longer safe to hold cash. Continue Reading…

I wanted to share a few photos I took while I’ve been in Munich the past few days. There wasn’t a ton of exciting stuff to photo at the actual Precious Metals Conference, aside from some bling and trying to capture the number of people present (a lot, all ages, all genders). Continue Reading…

I came up to Munich yesterday to attend the Precious Metals and Commodities Show here this weekend. The number of junior Canadian mining companies in attendance is tremendous. It’s also nice to talk Vancouver with them, since most of them are headquartered in my hometown. Continue Reading…

There are tons of commentaries out there discussing how little gold there is in the world. They compare it to the size of a pool and a tennis court and probably other stuff. Continue Reading…

I was reading an article entitled Don’t Get Shaken Off the Gold Bull over at The Daily Gold, and there’s some good stuff.

One of the better tidbits:

It is really not all that difficult to make big money in the capital markets. The big money is made in finding major trends in their infancy and riding them out for many years. The major trends are not difficult to find. The difficult part is having an open mind to find the trends and then having the conviction to stay with the trend for many years. (emphasis mine)

I’ve been talking to anyone who will listen about Gold and Silver for about two and half years (back when silver was anywhere from $10-$12/oz.). Of all the people I’ve talked to, I think only two people started buying. Most people looked at me like I’d lost my mind.

At any rate, it would be easy to jump off the bandwagon now, but ultimately I don’t consider gains of 70-100% to be all that tremendous – especially when you consider the current state of fiat currency, and where precious metals are likely head (up, up and away).

So all those hillsmen in Idaho, with their Colt 45s and boxes of krugerrands, who sent furious emails to the Telegraph accusing me of defending a hyperinflating establishment cabal were right all along. The Fed is indeed out of control.

via blogs.telegraph.co.uk