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Don't 'Invest' in Gold - Save It

Apr 14 2009 10:31AM

Don't 'Invest' in Gold - Save It

An old Chinese saying declares that wisdom begins by calling things by their right name. Truer words could not be spoken about gold. If you call gold by the wrong name, you begin down the wrong road, which is a serious handicap. It can easily prevent you from understanding why you should own gold as well as how to determine its value. The point is that gold is not an investment; it is money.

Insurance giant bets on gold for first time in 152 years

Submitted by cpowell on Tue, 2009-06-02 01:17. Section: Daily Dispatches

But real gold or paper gold?

* * *

By Andrew Frye
Bloomberg News
Monday, June 1, 2009

http://www.bloomberg.com/apps/news?pid=email_en&sid=ajf0L9wTPq6Y

NEW YORK -- Northwestern Mutual Life Insurance Co., the third-largest U.S. life insurer by 2008 sales, has bought gold for the first time the company's 152-year history to hedge against further asset declines.

"Gold just seems to make sense. It's a store of value," Chief Executive Officer Edward Zore said in an interview following his comments at a conference hosted by Standard & Poor's in Brooklyn. "In the Depression, gold did very, very well."

Guess Who is Pushing Gold Lower?

Guess Who is Pushing Gold Lower?
By Patrick A. Heller
June 23, 2009

What is reported in the mainstream financial headlines is often contradicted by the details behind the headlines.

Silver Soaring

By Howard Ruff
The Ruff Times
Jun 8 2009

I have recommended gold and silver for a few years. In September/October, 2008, we went through a difficult period for all when gold managed to hold its own, and stocks crashed up to 60 percent. Now the stock market is still down, even after a 30 percent rally. Silver took a beating.

Now silver is nearing a new high. It went as low as a little over $9, and is now almost $16. It’s a long ways from being too late to buy in.

The paper gold marketer is afraid to look in the vault

Wednesday, 17 June 2009 23:07
Submitted by cpowell on Sat, 2009-06-13 03:59. Section: Daily Dispatches 11:52p ET Friday, June 12, 2009 Dear Friend of GATA and Gold: The Gold Report newsletter today interviewed Sprott Asset Management's chief investment strategist, John Embry, who remarked that he expects gold to reach $1,500 by the end of the year as hyperinflation begins. But amid the consternation about the gold that may be missing from the Royal Canadian Mint, the interview may be most worthwhile for Embry's reminder about the fundamentally dishonest structure of what passes for the international gold market.
Last Updated on Monday, 29 June 2009 01:05
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Your gold is safe; it's somebody else's that's missing

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