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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: UncleBigs who wrote (57492)	4/5/2006 6:07:24 AM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

Can anyone truly articulate a solid bear case for gold? Even Mish is bullish on gold. No one can , because there is none. Supply of gold is finite, but the CB's have no limits on the amount of paper they can create. The Fed cannot print gold, they have to rely on a campaign of lies and misinformation in order to keep most of the public invested in negative yielding paper assets, in order to postpone the collapse of monetary system. Since gold is measured in terms of paper currency that constantly declines in value, the long term rise in gold is very close to certainty. Shades made the correct point, that gold will not necessarily rise in value in real terms, as measured against goods and services, but i would not call that being bearish, if i understand his position correctly.

To: UncleBigs who wrote (57492)	4/5/2006 7:07:39 AM
From: TobagoJack	Respond to of 110194

<<solid bear case for gold?>> ... let me try, for exercise, against gold mines: the gold output is effectively useless, has no correct price, cost plenty to dig up, depends on energy availability at correct price, and there is a whole lot of it all about that has been dug up already ... and against the product itself: unlike natural fertilizer, gold is effectively useless, cost a bit to store, and has no correct price yada yada ... ... but then them are the charming nature of gold :0)