Decline & Fall
October 12, 2009 by goldguru · Leave a Comment
Bullion Vault Rome’s long decline, now repeated by the United States… WARREN BUFFETT famously says that people do not make money by betting against the US economy. But two years ago we decided to take a chance, writes Bill Bonner in his Daily Reckoning.“We are short the United States of America,” we announced from the comfort and [...]
A Deflation Story
October 10, 2009 by goldguru · Leave a Comment
The Daily Reckoning “It was at Rome, on the 15th of October, 1764, as I sat musing amidst the ruins of the Capitol, while the barefooted friars were singing vespers in the Temple of Jupiter, that the idea of writing the decline and fall of the city first started to my mind.” – Edward Gibbon [...]
What People are saying about Gold. Is it the right time to buy?
October 9, 2009 by goldguru · Leave a Comment
Gold Hits Record High: Time to Sell or Time to Buy? posted by Jeff Brown, Personal Finance Blogger I’m standing at my office bookshelf rummaging in a small box of junk… I mean, treasures. There’s a transistor radio I carried on my paper route at 14, a broken watch, some old photos… Ah, here’s what [...]
Capital Gold Group Report: GOLD RISES TO RECORD AS INFLATION OUTLOOK FUELS INVESTOR DEMAND
October 7, 2009 by goldguru · Leave a Comment
Oct. 6 (Bloomberg) — Gold rose to a record on speculation that inflation will accelerate and erode the value of the dollar, boosting the appeal of the precious metal for investors seeking to preserve their wealth. Gold futures climbed as high as $1,038 an ounce in New York, topping the previous record of $1,033.90 in [...]
Pimco Says Dollar to Weaken as Reserve Status Erodes
August 19, 2009 by goldguru · Leave a Comment
By Garfield Reynolds and Wes Goodman Aug. 19 (Bloomberg) — Pacific Investment Management Co., the world’s biggest manager of bond funds, said the dollar will weaken as the U.S. pumps “massive” amounts of money into the economy. The dollar will drop the most against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in [...]
BUFFET CALLS FOR SECOND STIMULUS; AMOUNT OF MONEY SPENT, LENT OR COMMITTED BY WHITE HOUSE AND FED ESTIMATED AT $12.8 TRILLION
July 9, 2009 by goldguru · Leave a Comment
Posted Jul 09 2009, 11:10 AM by Catherine Holahan Millionaire investor Warren Buffett has joined the chorus of prominent political figures and businessmen calling for a second stimulus. The CEO of Berkshire Hathaway told ABC’s Good Morning America that the first $787 billion stimulus didn’t do enough to help the economy and included too many [...]
