Comments on: Don't Miss Out on the Looming Gold Bubble

By: DEEPAK SAINI

DEEPAK SAINI — Fri, 18 Jun 2010 20:03:28 +0000

I strongly believe that in China and India demand of Gold is gonna encless with more and more marriages getting fixed, and plenty of NRI reversing back to native countries. Investment in Gold will make price go beyond 25000 in just 1 yr @20% ROI annually

Deepak Saini
Manager Maruti

By: hitesh soni

hitesh soni — Mon, 01 Feb 2010 15:14:40 +0000

i think gold's price in march 2010 will 980 $ /ounce

By: Manuel Kalaskie

Manuel Kalaskie — Mon, 23 Nov 2009 23:05:41 +0000

Dear Jon,
You are posting recycled material. Be original please.
Manuel

By: James Yamaki

James Yamaki — Mon, 23 Nov 2009 19:53:40 +0000

Your chart tracking the 2003-04 $SPX (SPX 500 Large Cap Index) Indx is very revealing. After a series of seven higher tops in 2003 the SPX 500 large cap stocks exploded in 2004.

The chart on the 2009 $SPX Indx is mimicking the one for 2003-04. It showed seven tops in 2009, so the next one is going to be the grand daddy of them all.

Based on these two charts, what your readers should do is to put more money into the stock market and wait for prices to rise. It is not a time to sell.

What makes these charts more credible to me now is the dollar is weakening. I subscribe to another newsletter, and the advisor said there is an inverse relationship between the dollar and stock prices. When the dollar weakens, stock prices go up and visa versa. The dollar is weakening now and it is getting weaker. It means stock prices will be going up.

I have two solid arguments telling me stock prices will be rising in the coming months.

Thank you again Jon. I have full confidence in your work. Your expert and succinct macro analyses make decision making on when to buy, hold, or sell stocks so simple. I can sleep better at nights without worrying about day to day market variations.

Keep up your good work!

By: Bit2Right

Bit2Right — Mon, 23 Nov 2009 18:16:00 +0000

The simple calculation has a potential flaw. Yes, dividing $1.7 trillion by 263 million ounces produces a simple mathematical result of $6,400 per ounce.

But what if Ben and Jim got smart and went out today and bought another 263 million ounces at $1,200. That would double the denominator while only adding $315 billion to the numerator. Now the simple calculation results in only $3,800 per ounce.

So the real question is: Will Ben or Jim show up at the store before China, Japan, India, Russia . . .? Or will they be at the end of the line?

By: honestann

honestann — Mon, 23 Nov 2009 17:43:52 +0000

The telegraph is totally wrong to say "gold is worthless". Would they also say that platinum, silver, palladium, nickel, cobalt, aluminum, copper, iron and all other REAL PHYSICAL elements are worthless?

If gold is so worthless – and expensive – why does virtually every integrated circuit have gold conductor pads [and bonding wires]? The fact is, gold has amazingly valuable properties, and the ONLY reason gold is not a large part of more products is its high price.

Yes, gold has BY FAR the best combination of properties to function as "honest money/currency", so add that to the list too. Also recognize that in the TOTALLY INSANE world of today in which 100% of world currencies are FIAT and FAKE, the value of gold as money is especially high, especially given the astronomical abuses of the FederalReserve and other central banks.

Lynch the cretins at the FederalReserve for treason and crimes against humanity… and convert ALL your wealth to gold or other physical assets (the best assets of all being productive machinery and equipment that you operate to produce real physical goods).

In gold we trust.

By: Greg

Greg — Mon, 23 Nov 2009 16:55:37 +0000

Eric hit the nail on the head. Gold is Money but Money "unlimited supply of printed paper" is not Gold!
Greg

By: Eric

Eric — Mon, 23 Nov 2009 16:07:57 +0000

Re:Jon Markman - "Gold is almost completely worthless" Gold has limited supply and fiat currency has unlimited supply. There are other commodities such as diamonds that can be used as "money" but dfficult to measure its value. You can easily measure gold or silver's value when they are in 9999 pure form. Gold is not worthless in any era, it was being manipulated by powerful countries that keep printing worthless IOUs to allow their citizens spend beyond its means after the second world war. We always need something to use represent "money" and gold is it, not worthless paper. Eric - "A 100% gold portfolio investor since 1978."

By: Ethan Boger

Ethan Boger — Mon, 23 Nov 2009 11:38:19 +0000

Dear Mr. Markman,
Thanks for the insights. However, you write: "Considering that virtually all major Western nations and Japan are insolvent now, with far more debt than gross domestic product (GDP)", please note that insolvency would be total debts exceeding total ASSETS, not income. US total debt is still far smaller than total assets I assure you. I suppose another measure would be our ability to make payments on the debt. THAT ability should be measured vs. GDP.
Best wishes,