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lol :p

You sell gold when DOW and gold meet! People think it can't happen, just as they thought we will never see 1325$ an ounce, but it will! Although I have to be honest and admit I have made a pledge to myself to sell once the ratio drops below 3... Or 2... :D Greed is so hard to fight.

I don't understand, and I might be prejudiced on this, why people would attribute a higher level of intrinsic risk to gold then they would to other assets. People have gone bankrupt on betting house prices or stocks would go higher or misjudged the perceived creditworthiness of bond issuers...

+1

Even Woopy Goldberg! http://www.youtube.com/watch?v=JoENj0yhOFI

I don't get it. Isn't it kind of sad in a way as well? You own more money than you will ever be able to spend.... Yet you feel it is not enough so you want more. I bet at times they'd wish to be more like Joe 6pack.

People have been calling the top for gold since 400$ an ounce! Why would they want to expose themselves as clueless? Citi went from 50$ to 0,80$.... That's the kind of irrationality that marks the end of large market moves... Not a mere 0,30% upmove here and there... Gold is down...

Would anyone have any idea on Faber's net worth?

Imagine that.... Talking about the crash of a lifetime with the Dow at 2K...:D

I's not. I just think it's the right place to put your money here and today. Previously I have distinguished the following 4 reasons on ET when gold is the asset of choice to own. 1: Geopolitical/economic dislocations. 2: Negative real intrest rates. 3: The Dow Gold ratio as a...

No. 90% of all my money is in gold and speculative gold miners. Wish me luck:D

Are you short yet?

You sell gold when DOW = Gold!! Dont get left behind in the greatest bull market in history and don't get burned hoping for more when they match... 10K gold here we come!:p

I live in the only country in the world which has everlasting unemployment benefits and our budget deficit this year is estimated to come in at 4.5 %. Ergo: The UK and the US should lengthen their unemployment benefits to reduce their monstrous deficits.

http://www.gloomboomdoom.com/public/pSTD.cfm?pageSPS_ID=2010

Marc Faber's august newsletter.

Hourly wage India: 0,58$ Sri Lanka: 0,61$ Vietnam: 0,71$ Thailand: 1,1$ Philipines; 1,12$ China: 1,38$ Mexico: 2,92$ Russia: 2,93$ Maleisia: 3,54$ Brazil: 5,96$ Taiwan: 6,50$

Soylent Green

Another nice call, Jim. I'm curious where he thinks we are heading next.

32%.... That's pretty bad.... :eek: Thanks for your posts btw, always very informative. :)