Coded Messages to Buy More Gold

Bloomberg.com had the headline “Bank of Korea ‘Under Pressure' to Boost Gold Holdings, Shinhan's Oh Says,� which was perfectly understandable, although I have no idea what “Shinhan's Oh Says� means.

I suspect that Shinhan is some guy who just found out that purposely not buying gold is a really stupid idea, and who, upon realization of his rookie-like mistake, said, “Oh!�

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Buying Gold, Silver and Oil: The Ultimate No-Brainer

In my monthly report to Glabbnarxx, the new despotic Overlord for this sector of the galaxy (and who, I heard, is supposed to be a real pinhead of a dork), I included the news that as a result of oceans of money being created and spent, you would think that none of the sentient inhabitants of this planet called Earth would buy bonds to receive the paltry, miserable, fixed coupon stream from the already-overpriced bonds because of the horrifying, unstoppable inflation in consumer prices that will soon, and surely, result from all the insane amounts of money being created by the Federal Reserve, which was then borrowed and spent by the federal government, and thus the price of bonds will soon fall in response to such inflation in prices, handing a huge capital loss to any moron who bought bonds at today's extremely high, ludicrously high, insanely high prices (and thus interest rates at such extreme, ludicrous, insane lows).

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What’s More Important: Price Per Ounce or Ounces Owned?

In a recent conversation with a fellow gold analyst, he was emphatic that the price one pays for physical gold should be ignored. “What’s far more important,” he insisted, “is how many ounces I own in relation to the total value of my assets.”

Building a core position in gold bullion is a smart goal, to be sure, and a strategy Casey Research has been advising for years. However, ignoring the price you pay for gold could be seen as foolhardy; sure, it’s insurance, but isn’t price part of the consideration when you shop for insurance?

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