Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (1 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   No comments
OpEdNews Op Eds

The Bloom Is Off Gold

By       Message Stephen Lendman     Permalink
      (Page 1 of 4 pages)
Related Topic(s): ; ; ; , Add Tags Add to My Group(s)

View Ratings | Rate It

opednews.com Headlined to H3 4/20/13

Author 194
Become a Fan
  (191 fans)
- Advertisement -

The Bloom Is Off Gold

by Stephen Lendman

- Advertisement -

Gold has stood the test of time for thousands of years.

It is for now. Don't bet against it longer term. Value eventually wins out. Gold's secular bull market continues. Experts believe it has a long way to go. 

Market manipulation bears full responsibility for recent market action. A previous article explained. It called gold a global thermometer. It reflects monetary, geopolitical and economic conditions. It's driven by supply and demand considerations.

It's the longstanding hedge against uncertainty. It's bought to do so against inflation, the declining value of fiat money, and disturbing global geopolitical conditions.

- Advertisement -

It has real value. It's the ultimate safe haven. It's been so for thousands of years. It's track record is unmatched.

What goes up, goes down. On the one hand, doing so reflects normal market action. On the other, much more is involved. All markets are manipulated. 

Governments, central bankers, and Wall Street collude. Manipulation is longstanding. Major players profit up or down.

Gold's had a great run. Market analyst Richard Russell dates it from August 1999. Gold then cost $252 an ounce. It rose nearly eightfold before declining.

Russell calls it the most emotional of all investments. Some love it. Others hate it. Western central bankers and governments deplore it.

It's real money. It's an antidote to fiat currencies. They're created out of thin air. Money printing madness erodes their value. 

Gold stood the test of time. Russell sees it eventually selling for thousands of dollars. Currently it's troubled. Prices could go a lot lower before rising.

- Advertisement -

Longtime investor Jim Rodgers owns gold. He's not selling. He's not buying more. He hasn't hedged his position. He calls 30 - 35% corrections normal.

He expects gold prices to fall further for the "foreseeable future." Eventually he expects them to go higher "over the decade." His best guess low is perhaps $1,200 an ounce. Lower still wouldn't surprise him.

From 2001 - 2007, gold rallied hugely. At the same time, the dollar plunged 41%. It's now at a three year high. At issue is how long it holds.

Next Page  1  |  2  |  3  |  4

 

- Advertisement -

View Ratings | Rate It

I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): ; ; ; , Add Tags
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

The McCain-Lieberman Police State Act

Daniel Estulin's "True Story of the Bilderberg Group" and What They May Be Planning Now

Continuity of Government: Coup d'Etat Authority in America

America Facing Depression and Bankruptcy

Lies, Damn Lies and the Murdoch Empire

Mandatory Swine Flu Vaccine Alert