Bienvenidos, equis, a la Casa de Loros de Oro .. tenemos de vez en cuando algo de ver, #reply-5798026 , a mi ver ;-) (bien hecho, nievedorado) ... x - a mi modo de ver;
1. Gold is solid, it is the only financial asset that is not someone's liability, it is more than paper, more than electronic entries in accounts. Rare, beautiful, malleable, easily divisible, heavy and therefore compact, easily portable - gold is the best of all possible choices for a currency standard, imho, while our species has a few thousand years of history using it as money.
2. We need standards for currency, imho - otherwise we are subject to the whims of politicians and bureaucrats. Adam Smith saw this clearly;
bibliomania.com
3. The big holders - the US, Germany, France, Italy - are not selling.
4. Gold is currently shorted heavily, through options and futures and hedging programmes. Hard to tell exactly how heavily, it's not a transparent market - but I give credence to reports of a total short position well into the thousands of tonnes. Shorting gold has been a great business for the last while, but one day it will find a bottom, and all those people will have a very difficult time covering all at once.
So the above makes me pro-gold, I guess ... but not necessarily a bull in the short term .... as you say, it's about trust, the trust of the main body of the herd - and the herd still seems to put great faith in those dolares estadounidenses, which are backed by the power to taz the American people - a formidable power, the greatest economic power the planet has ever known.
So I hold a few gold stocks (less than eight days ago, though), and a few oil and gas stocks, and cash, mostly ..... watching and waiting ... it's a long road ...
.... salud, pesetas, amor y el tiempo para gozarlas! .... marcos |
