Discussion in 'Economy' started by JBeukema, May 18, 2011.
Myth 1: Gold is at an all-time high.
Fact 1: Its not if you adjust for inflation.
Gold is rather hard to eat too...
Nice to have this fact being brought out, thanks.
What this is saying is that since 1980, a comparison of prices of gold and everything else show that gold is now worth less than everything else.
Ah so your saying Gold is still a smart investment in our current atmosphere, thanks for backing up my decision to buy more gold at the beginning of the year!
BBD's facts about gold... It's pretty nice stuff.
Last year, Goldline, a company that advertised during the "Glenn Beck Show" -- and had the good fortune of Beck suggesting on air that gold was a good investment -- also became the subject of two state-level investigations. Beck has described the investigations as government efforts to eliminate opportunities to buy gold.
In a pair of companion cases, the CFTC and FTC have accused American Precious Metals of targeting investors -- particularly senior citizens -- across the country with a combination of high-pressure and illegal sales tactics and misleading and fraudulent claims.
"What these telemarketers said in general is ... you can't lose, you're going to make money, said Sana Chriss, an FTC attorney working on the case. "Well that just isn't true. The value of everything can change. At one point it was real estate that was the hot and infallible area and then we had the bust there. Before that it was tech stocks.
Gold Scams Rise On High Prices And Investor Anxiety
Granny been wonderin' why possum an' Uncle Ferd been comin' home late at night all covered with dirt like dey been diggin' a tunnel...
Ron Paul worries Fort Knox gold is gone
June 24, 2011: Ron Paul introduced a bill that would require the Fed to manually audit every U.S.-owned gold bar.
Uncle Ferd been wantin' to take a peek at Granny's gold teeth...
The gold rush is on
August 11, 2011: The price of gold has surged from around $1,400 an ounce earlier this year, to trading around $1,800 this week.
Gold, these days, is like oil (or any commodity for that matter) - made of paper, numbers, and electronic inputs.
The next bubble to be gold?
How ETFs Have Spurred the Gold Bubble - Seeking Alpha
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