Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mattyice who wrote (39385)	9/22/2010 4:23:48 PM
From: Madharry	Read Replies (1) \| Respond to of 78711

the notion that gold is a crowded trade is faulty. gold as an investment class historically is much smaller than it used to be because to the huge expansion of world financial markets. As world governments realize the idiocy of selling gold at firesale prices- witness that moron Gordon Brown who sold much of the UK gold at $275 about 5 years ago, they are now realizing that they are better off holding gold and soon silver than dollars and euros. oops! My opinion is that the ponzi scheme which has become dollar denominated debt will ultimately end like all ponzi schemes do. Lots of unhappy investors and safe haven types being taken to the cleaners. My only question is whether under a more conservative regime will the Feds let States and Municipalities go bankrupt so that they can amend foolish retirement schemes, or will they try to keep the party going without facing reality.