The United States is currently the largest holder of gold in the world. The US Treasury is currently sitting on 261.5 million ounces. Multiplied by roughly $1100 per ounce, we’re talking about a stash worth almost $300 billion at today’s prices. In an article today at CNNMoney, we learn a few interesting things about our gold…
Gold
Holiday Gift Idea for Traders: Chart Jewelry
Just in time for the holidays, allow me to introduce the new PLOT line of jewelry. Launched by advertising firm Wieden + Kennedy, PLOT takes charts and turns them into wearable art. Below is their gold necklace followed by the gold chart that inspired it: They’ve also done some cool stuff with the charts of…
Gold Fever, Gold Bubble, Gold Mania, Gold Frenzy etc
Now that we have one asset class, gold, that is selling for all-time high prices, I’m not surprised to see it in the center of controversy. Gold has been hotly debated on and off Wall Street and by individual investors since at least mid-2008 when it first kissed $1000 an ounce. Now that it’s soaring…
Hot Links: Super-Regulators & The Simpsons
Stuff I’m Reading this Morning… Stocks fall ahead of Bank of England, EU rate decisions. (Bloomberg) European banks join the Robber Baron train, remember how to make money again. (NYT) My fave post of the day: The inside scoop on the guys who got it right. (DailyIntel) Not just the dollar, gold prices are surging…
Blaming Retail Investors for Commodity Prices
“Commodity index rolls have little futures price impact, and inflows and outflows from commodity index investment do not cause futures prices to change” I haven’t come out strongly on either side of this issue because my job presents me with a dilemma. On the one hand, I believe that individual investors have played at least…
Scrooge McDuck on Gold Investing
[vodpod id=Groupvideo.3629800&w=425&h=350&fv=] Yes, SNL can be funny sometimes. Full Disclosure: I do not advocate Mr. McDuck’s investment strategy of stockpiling gold and then swimming in it. Please see my Terms & Conditions page for a full disclaimer.
Main Street USA: We're All 49ers Now
Does your town look like this? Can’t say I blame them, the pawn business may be the only economic activity left for a local small business owner. We’re all 49ers now.
Hot Links: Heir to the Throne
Stuff I’m Reading this Morning… BlackRock is bullish on US and emerging markets stocks. (DealBook) Go out and hug a bear today. (MusingsOfATrader) What’s George Soros up to these day with his positions? (MarketFolly) Peter Schiff under attack on MSNBC, Eddie calls BS. (CrossingWallStreet) Marc Faber on currencies, equities, commodities and India. (InvestmentPostcards) “Buying gold…
Damn It Feels Good To Be A Goldbug
My Goldbug friends and Hard Assets-loving associates will sleep well this evening…or stay up all night with excitement. Congrats to the faithful, but don’t OD on the Kool-Aid. G’night! Read Also: …You Might Be a Goldbug (TRB)
BREAKING: The Secret Plot to Kill the Dollar
FYI: This is the story that everyone’s talking about today, gold and metals stocks are going berzerk in the pre-market as of this writing because of it: From The Independent: In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to…
