tag:blogger.com,1999:blog-4900303239154048192.post7451111206313213777..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Washington Post Puffs Gold BuggeryUnknownnoreply@blogger.comBlogger53125tag:blogger.com,1999:blog-4900303239154048192.post-80313761913819482792013-11-01T08:21:50.300-04:002013-11-01T08:21:50.300-04:00I really like your site. Been very informational. ...I really like your site. Been very informational. I really hope you’ll sustain the good work and observe after the normal. <a href="http://www.inmonarch.com/collections/product/8/32/8/womens-wear/lehenga/bridal-lehenga" rel="nofollow">Bridal lehenga</a><br />Anonymoushttps://www.blogger.com/profile/03404028137495134886noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-2369353694430943472013-05-09T06:22:25.919-04:002013-05-09T06:22:25.919-04:00I love it,Excellent article.I am decide to put thi...I love it,Excellent article.I am decide to put this into use one of these days.Thank you for sharing this.To Your Success!<a href="http://www.timenspacemedia.com/ceo/index.html" rel="nofollow">mirza maqbool</a> | <a href="http://www.timenspacemedia.com/ceo/index.html" rel="nofollow">Maqbool mirza</a>Anonymoushttps://www.blogger.com/profile/01762955271681064948noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-6558724071407807742013-05-09T06:19:58.690-04:002013-05-09T06:19:58.690-04:00Well, very good content, let me feel very surprise...Well, very good content, let me feel very surprised. Surprise life would have so good things, more to my surprise I would see such a good content. Well, I will pay more attention to, and I want to more surprise.<a href="http://www.ak-cars.co.uk/" rel="nofollow">cabs in w2</a> | <a href="http://www.ak-cars.co.uk/" rel="nofollow">cab w2</a> | <a href="http://www.ak-cars.co.uk/" rel="nofollow">w2 taxis</a>Anonymoushttps://www.blogger.com/profile/01762955271681064948noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-1638513293955135072013-05-09T06:16:38.188-04:002013-05-09T06:16:38.188-04:00Wow, this article end is unexpected, and in reason...Wow, this article end is unexpected, and in reason, let me much surprised and aftertaste. Many see this article I think is a good thing, can make their own thinking have been develop.<a href="http://www.ak-cars.co.uk/" rel="nofollow">taxis in w2</a> | <a href="http://www.ak-cars.co.uk/" rel="nofollow">minicab to airport</a> | <a href="http://www.ak-cars.co.uk/" rel="nofollow">airport drop w2</a>Anonymoushttps://www.blogger.com/profile/01762955271681064948noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-13418863739180568332012-04-05T03:56:10.796-04:002012-04-05T03:56:10.796-04:00I also do agree with the stuff you shared, Thanks ...I also do agree with the stuff you shared, Thanks that's a wonderful post.<br /><br /><a href="http://www.logodesignuniverse.com/20/chemicals-logo.html" rel="nofollow">Ready-Made Chemicals Logo</a>Knox Karterhttps://www.blogger.com/profile/09529605912425314220noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-84831518023231870832012-02-15T00:54:44.864-05:002012-02-15T00:54:44.864-05:00Wow...!!! Awesome post. This site is very interest...Wow...!!! Awesome post. This site is very interesting and also great. Thank you for posting the pretty helpful info.<br /><br /><a href="http://www.columbushotelsguide.com/" rel="nofollow">6 Columbus Hotel Nyc</a>Kyle Grandohttps://www.blogger.com/profile/16334465525953465333noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-55984792318556921892012-01-06T11:35:02.776-05:002012-01-06T11:35:02.776-05:00Very significant article for us ,I think the repre...Very significant article for us ,I think the representation of this article is actually superb one. This is my first visit to your site<br /><a href="http://www.mycarepharmacy.com/buy_online/acetaminophen_oxycodone/percocet" rel="nofollow"> buy percocet online</a>Adamhttps://www.blogger.com/profile/07815380118619820639noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-90434016497252277152011-09-21T12:36:06.990-04:002011-09-21T12:36:06.990-04:00This site is excellent and so is how the subject m...This site is excellent and so is how the subject matter was explained. I also like some of the comments too.Waiting for next post. <br /><a href="http://www.mycarepharmacy.com/" rel="nofollow">best online pharmacy</a>johnhttps://www.blogger.com/profile/08511018970577868503noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-43492787611131822082011-09-19T17:08:56.573-04:002011-09-19T17:08:56.573-04:00If you need more traffic to your website check out...If you need more traffic to your website check out the website in my name. It really helped me and i think it can help your website. <br /><a href="http://www.mycarepharmacy.com/buy_online/methylphenidat_hydrochl/ritalin" rel="nofollow">buy ritalin online</a>johnhttps://www.blogger.com/profile/08511018970577868503noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-65389818611972342512011-09-13T13:02:31.750-04:002011-09-13T13:02:31.750-04:00Really i appreciate the effort you made to share t...Really i appreciate the effort you made to share the knowledge.The topic here i found was really effective to the topic which i was researching for a long time.<br /><br /><br /><a href="http://www.mycarepharmacy.com/buy_online/hydrocodone_bitratrate_acetaminophen/vicodin_es" rel="nofollow">buy online vicodin es </a>Ricky Martinhttps://www.blogger.com/profile/17179994213719630631noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-72557187650467639032011-09-07T16:56:10.539-04:002011-09-07T16:56:10.539-04:00This comment has been removed by the author.weerahhttps://www.blogger.com/profile/07445260596470389477noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-11512677739887085162011-09-05T16:15:35.323-04:002011-09-05T16:15:35.323-04:00You made some good points .I did a little research...You made some good points .I did a little research on the topic and found that most people agree with your blog. Thanks.<br /><a href="http://www.mycarepharmacy.com" rel="nofollow">buy vicodin online</a>johnhttps://www.blogger.com/profile/08511018970577868503noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-50634601664915010122011-07-22T13:00:19.621-04:002011-07-22T13:00:19.621-04:00I 100% agreed with you. It is not a big think if &...I 100% agreed with you. It is not a big think if "What's Making Gold a Hot Commodity" by Frank Ahrens is supposedly a news story...Everyday we got something new to hear..And we don't guess anything before..<br /><br /><a href="http://www.vintageyard.com/rings/vintage-wedding-rings" rel="nofollow"> Wedding bands </a>Jackhttps://www.blogger.com/profile/12068876320485620659noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-31141347431119399492011-06-08T21:03:00.436-04:002011-06-08T21:03:00.436-04:00The Louboutin Shoes Sale is planned using the ladi...The <b><a href="http://www.sale-louboutin-shoes.us" title="Louboutin 2011" rel="nofollow">Louboutin Shoes Sale</a></b> is planned using the ladies. offered the fact that pumps was born, the ladies lifestyle turn into colorful. The christian <b><a href="http://www.sale-louboutin-shoes.us/c-louboutin-2011-pumps.html" title="Louboutin 2011 Pumps" rel="nofollow">Louboutin 2011 Pumps</a></b><br />will be the god's masterwork. Who invited the <b><a href="http://www.sale-louboutin-shoes.us/c-christian-louboutin-wedges-.html" title="Christian Louboutin Wedges <br />" rel="nofollow">Christian Louboutin Wedges </a></b>? Seldom people knew, but I think each and every and every lady will be grateful for him. between the countless pumps,the <b><a href="http://www.sale-louboutin-shoes.us/c-christian-louboutin-shoes.html" title="Christian Louboutin Shoes" rel="nofollow">Christian Louboutin Shoes<br /> </a></b>could be probably the most exceptional ones. The stylish pattern, the delicate design all mold the ladies perfect leg profile. Flowers inside the spring of 2011 creeping, up from frizzy hair to outfits hold on to footwear, have experienced a brilliant up. on this type of the glamor, spring and summer time flowers now here. Romance is really a woman's mood, exquisite flowers just appropriate of expression within our gestures, the woman, how can we not adore the romantic temperament to make certain which they distributed the flowers do? 2011 flowers bloom will get satisfaction from numerous poses! The <b><a href="http://www.sale-louboutin-shoes.us/c-christian-louboutin-new-sandals.html" title="Christian Louboutin New Sandals<br />" rel="nofollow">Christian Louboutin New Sandals</a></b>also can adds the hright in the ladies, it hold shock toward short lady. especially the red-colored lone in the louboutin heels, beauty and sexy, different ladies are crazy. The red-colored sole, and<b><a href="http://www.sale-louboutin-shoes.us/c-christian-louboutin-mens.html" title="Christian Louboutin Mens" rel="nofollow">Christian Louboutin Mens</a></b>is a very distinctive design, its design reflects its style. You put on it, that means you have its style.the earliest attribute in the <b><a href="http://www.sale-louboutin-shoes.us" title="Sale Louboutin" rel="nofollow">Sale Louboutin</a></b> stroe.jelishhttps://www.blogger.com/profile/17251406092523388054noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-2909804452249654102011-03-12T12:53:53.209-05:002011-03-12T12:53:53.209-05:00If a tarneit real estate business does well, the s...If a <a href="http://realestateforsuccess.com/tarneit-real-estate/" rel="nofollow">tarneit real estate</a> business does well, the stock eventually follows.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-85801619991891317422011-01-31T16:00:18.498-05:002011-01-31T16:00:18.498-05:00section of
dominical costa rica tours
today's...section of<br /><a href="http://www.dominicalcostaricatours.com" rel="nofollow">dominical costa rica tours</a><br /> today's Washington Post contains one of the most ridiculous news stories I have seen yet. I would not mind if this were a column, but "What's Making Gold a Hot Commodity" by Frank Ahrens is supposedly a news story, and as such it should not contain whoppingly erroneous statements without some correction. <a href="http://www.dominicalcostaricatours.com" rel="nofollow"><br />http://www.dominicalcostaricatours.com</a>pedro velasquezhttps://www.blogger.com/profile/04906868750940934366noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-49144639022627479352010-12-07T04:45:23.046-05:002010-12-07T04:45:23.046-05:00For travelers that wants to have a place to stay w...For travelers that wants to have a place to stay when they visit Brazil, here's the perfect place which is affordable and comfortable.<br /><br /><br /><a href="http://www.minihostels.com/hostels/in/Brazil/Manaus" rel="nofollow">Hostels in Manaus</a>Jameshttps://www.blogger.com/profile/06186467108016060541noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-69848740341616536952009-11-02T10:13:59.819-05:002009-11-02T10:13:59.819-05:00That being said, I want CLEARLY state my agreement...That being said, I want CLEARLY state my agreement with Barkley on several point:<br /><br />1. Money does not have to be gold, and in no way should my argument be construed to imply that the lack of a gold standard was in any way the cause of this present crisis, nor of any preceding crisis.<br /><br />2. Hyperinflation CAN occur under the gold standard.<br /><br />3. Gold is not a protective standard for the poor and dispossessed.<br /><br />4. No nation at present would contemplate reestablishing a gold standard for it money.<br /><br />5. Gold has industrial uses. In fact, Summers in his paper examined the monetary vs. non-monetary uses of gold.<br /><br />6. Gold bug mostly do not listen to other arguments (but neither do progressive economists.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-55320265490018959452009-11-02T09:55:38.580-05:002009-11-02T09:55:38.580-05:00Just to be clear here, as the original anonymous i...Just to be clear here, as the original anonymous in this thread, I must point out that Barkley in this thread is engaging with a straw man he has named "gold bug".<br /><br />This discussion was never about gold, nor the role of gold, nor its history. It was about the ponzi scheme created by Rubin and Summers to manipulate the price of gold to lower interest rates on the dollar, based on Summers research, and Rubin's work at Goldman Sachs.<br /><br />How far Barkley goes afield from THIS discussion is evidenced by his argument that "gold is not money."<br /><br />The question is not whether gold is money, nor diamonds, silver, etc., since all of them can serve this purpose; the question was did not the collapse of the financial system in some part result from the derivatives market created by, and nurtured by, these gentlemen.<br /><br />(At the time this argument began, Summers was being widely speculated to succeed Bernanke at the Fed.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-17923021144804801882009-11-02T03:15:54.743-05:002009-11-02T03:15:54.743-05:00Dear
We have 350kg of gold dust for sales.
Interes...Dear<br />We have 350kg of gold dust for sales.<br />Interested buyers should contact us: <br />[ goldf74@yahoo.com } for more details.<br />Regards<br />Felix NanaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-6499060035845069672009-09-30T11:34:12.583-04:002009-09-30T11:34:12.583-04:00Chris,
Fair enough. Obviously your situation dep...Chris,<br /><br />Fair enough. Obviously your situation depends on when you seriously bought in. If you did so back in 2001, you are sitting pretty well. If when it hit $1,000 an ounce, well, I would be a bit worried.<br /><br />Regarding what happened in the GD, the important point to keep in mind (go read Eichengreen) is that we were on a gold standard and many see that as a main reason the GD happened. The US ran a tight monetary policy to accumulate gold, which forced other countries to run tight monetary policies to try to offset the US position. That is not going on now. Eventually in the GD, countries repegged relative to gold, which eased their burden, which the US did in a single discrete move in 1933 as well. France was the last too, a position still reflected in the 1960s with their leftover gold buggery. Nobody is pegged to gold now, and nobody is going to peg to gold, not China and not any of the gold exporters like Russia or South Africa. So, we are not going to have any repeggings. The price is indeed fully under the control of the speculators.rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-85341501109282292722009-09-30T10:36:11.235-04:002009-09-30T10:36:11.235-04:00I am not a hyperinflationist. I am not smart enou...I am not a hyperinflationist. I am not smart enough to know what is coming. But, I do say there are powerful deflationary forces at work, against which policymakers are marshaling a powerful response. Could it go wrong? <br /><br />I took a look at gold during the great depression. The London gold fix was $20.63 in 1929, and $33.85 in 1940. That's pretty good.<br /><br />I think it comes down to confidence. When people are not confident in the institutions backing their currency, they find alternatives. People are right now losing confidence in their institutions. Whether it gets worse depends on how policymakers handle things and I think they are dedicating their efforts to reinforcing the pre-existing financial system rather than making reforms. I think I agree with Simon Johnson when he compared the US to crony capitalist states.<br /><br />You are of course right that it is not obvious that gold can hedge systemic risks generally. But the funny thing about markets is that you cannot make money on things that are obvious. I would say gold has done well and will continue to do well during profound crisis of confidence periods. This has been the landscape, but the question is where to now? <br /><br />I saw the investor Jean Marie Eveillard on Rukeyeser a few years ago. On the question of gold he said, more or less, that it is like insurance. Buying that insurance is more expensive than it used to be. But the situation is more uncertain, so it is not clear that you don't want to buy the insurance. For my own part, I think gold will remain in my portfolio until I see better policies from leaders.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-76546161193836380852009-09-29T23:48:11.316-04:002009-09-29T23:48:11.316-04:00Chris,
You are probably right that "the gold...Chris,<br /><br />You are probably right that "the gold bugs won't listen."<br /><br />There is a fundamental for gold. It is the industrial use, which generates about 10% of the demand and goes at a price far below the current one. There is a huge supply sitting in the central banks, a point even Ahrens noted. I think anybody holding gold for "investment" purposes should be very grateful that the Fed and others are not seriously selling off stocks in a way that would "crater" the market. They could easily do it, but I think do not really wish to harm the poor gold bugs. Enough damage out there already.<br /><br />Regarding the "instability," depends on which kind you are really worried about. Gold may be hedge against hyperinflation, but it is not obviously a hedge against deeper instabilities. I note my reamarks already made about Jews and diamonds when Hitler was on the scene. It was not the people with gold who got out.<br /><br />Are you one of those really betting that we will have hyperinflation? And what will happen to the price of gold when it finally sinks in that we will not have hyuperinflation? There is plenty of instability that does not depend on hyperinflation. Just think: Great Depression.Barkley Rosserhttps://www.blogger.com/profile/13114257724762074636noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-2753286264331529802009-09-29T18:25:21.748-04:002009-09-29T18:25:21.748-04:00For bond or stocks there are sensible ways of valu...For bond or stocks there are sensible ways of valuing the security. You discount dividends, coupons, cash flow, or what have you. You can be wrong, but at least you have a good model.<br /><br />It doesn't seem that this kind of model is applicable to gold prices. I imagine it more like say, agricultural futures. What is the value of a bushel of wheat for fall delivery in spring? You start with the collective guesswork, which over the course of the seasons gyrates this way and that way with weather and the tremendous vagaries of farming. <br /><br />Economics as I understand it has little to say about this sort of thing, because the events in question are so hard to predict. I would say it is very much similar with gold. If we return to some new normality, gold will probably fare badly. But if this is the end of the Bretton Woods II neoliberal world, what of gold? I don't see it is possible to value gold outside without getting into the probabilities of various macro outcomes. <br /><br />It's not an easy question. When you say gold is dangerously high, I hear you saying the world is headed to a more stable place. I don't see it either in geopolitics or in economic policy. The economic side is looking better but I think real and necessary reform is DOA. On the geopolitics side things are in a lull but intrastate resource competition could get nasty quick.<br /><br />I would say that gold is "safe" inasmuch as gold production is quite small compared to supply, so it will not dilute quickly. But of course it does not pay interest either so it has "negative carry" or some such.<br /><br />Anyway I don't want to sound like I am beating you up. Ahrens deserved the abuse and I well aware you have been critical of many of the financial shenanigans. But I do think you are wasting your time trying to correct the gold bugs. They won't listen.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-25609539758534860582009-09-29T17:23:16.983-04:002009-09-29T17:23:16.983-04:00Chris,
Sorry about the link. When I wrote the po...Chris,<br /><br />Sorry about the link. When I wrote the post I simply provided the title of the article, and it was turned into a link by someone else later. Never double checked it.<br /><br />Certainly, if you want to fool with gold, gold mining stocks are a better way to go then gold itself. At least they pay a dividend, or should.<br /><br />In what sense is gold paying for the risk of holding it? Yes, it is high now, but that is exactly the point. It is dangerously so. There is a fundamental, and it is the industrial use price of it, which is down around $200 per ounce. Gold looks to me like US housing in 2006, when it also was apparently paying for the risk of it, until it was not doing so anymore. Remember those folks who bought gold in 1979 at over $800 per ounce?<br /><br />And, while we are at it, just what is it that the gold bugs were right about that someone like me was also not right about? I called the crash (and am most definitely not an "orthodox ecoomist"). But, unlike all these gold bugs I did not call for a hyperinflation that has not yet remotely happened, and which is the only thing that would justify a gold price anywhere near what it is right now.<br /><br />Currencies go up and down. A commodity that is about five times its fundamental could go down and stay down for decades, just as gold did after 1979, when it went to around $300 and stayed there for the next two decades. Looks like lots of risk on that one, and if it goes, so will go those gold mining stocks you are sitting on. Sleep well.<br /><br />BTW, regarding the article, that Ahrens's arguments were so weak was part of the point. This was supposed to be a news article. Why was he repeating such nonsense in one, including stuff that is simply false outright? More of WaPo declining, but what else is new?rosserjb@jmu.eduhttps://www.blogger.com/profile/09300046915843554101noreply@blogger.com