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2009-01-11 Home Front Economy

Merrill Lynch says rich turning to gold bars for safety

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Posted by tipper 2009-01-11 00:59|| || Front Page|| [4 views ] Top

#1 I could give you good reasons why all the world's major currencies will fall in 2009. They all have serious problems.

Of course, they can't all fall against each other, but they can all fall against the only alternative - gold - and probably will.

Posted by phil_b 2009-01-11 01:18|| 2009-01-11 01:18|| Front Page Top

#2 The more resilient economies will do well. (Comparably) hard times are always when better policy shines. The dollar and the pound will come out of this well compared to the Euro.

That will help temper the rise in oil prices in the short and medium term and will prevent gold from going parabolic.

Posted by Mike N. 2009-01-11 01:29|| 2009-01-11 01:29|| Front Page Top

#3 Yea but I expect gold value to fall once Soody princes start selling gold plumbing from their houses.

Posted by g(r)omgoru 2009-01-11 02:45|| 2009-01-11 02:45|| Front Page Top

#4 I suggest investing in other precious metals: lead, brass, and blue steel.

Posted by Atomic Conspiracy 2009-01-11 11:28|| 2009-01-11 11:28|| Front Page Top

#5 ABee give me a little gram of something for my birthday last year..... one of them 'diums. Not exactly liquid, but I don't think it's radioactive.

Heavy little thing tho.

Posted by .5MT 2009-01-11 19:36|| www.cybernations.net]">[www.cybernations.net] 2009-01-11 19:36|| Front Page Top

#6 Gold prices can be and are wildly manipulated.
A few gold coins never hurt, though

Posted by European Conservative 2009-01-11 19:41|| 2009-01-11 19:41|| Front Page Top

#7 Ima put my money in Obamarands.

Posted by Besoeker 2009-01-11 20:41|| 2009-01-11 20:41|| Front Page Top

#8 Used to use a chunk of depleted uranium for ballast on the racecar. One of mah fellow co-owners knew somebody that worked with an NHRA Pro-Stock Bike team. Appearantly, they take their business seriously and want their weight in as small a package as possible.

Neat stuff. Far more functional than gold.

Posted by Mike N. 2009-01-11 21:01|| 2009-01-11 21:01|| Front Page Top

#9 Gold hasn't been performing all that well as a hedge. There isn't any inflation. The price of gold has been falling. Gold works better when there is inflation. That won't be happening until the government cranks up the money presses. Though this might be a good time to accumulate as gold will probably skyrocket in about 2010 or 2011 as the boomers start to retire and the Social Security trust fund teat runs dry for Congress' deficit spending.

I would look for companies that might benefit from major public works programs. Granite Construction (GVA) comes to mind.

Posted by crosspatch 2009-01-11 23:42|| 2009-01-11 23:42|| Front Page Top

23:42 crosspatch
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