Paving Wall Street Gold
Posted by Investment Rarities on August 27th 2010 in China, Federal Reserve, General Economy, Gold, Monetary Policy, Silver | Be the first to comment!
Making the case for why “the next leg of this ‘W’ shaped recession we’ve been warning about for some time is already baked in the cake,” Casey Research’s Louis James also writes of being struck, during a recent visit to Wall Street, by the sight of “not one, but two guys with sandwich-board placards announcing ‘WE BUY GOLD‘ — for different companies.
Just afterwards … my sister—a conservative, mainstream banker — called and asked me how to go about buying physical gold. I knew that day was coming, just as I knew the Soviet Union was destined to collapse sooner or later from the weight of its own economic stupidity, but it was still a shocker when it happened.
And yet, if you ask your neighbors, you’ll most likely have a hard time finding any who own gold. My New York adventures are signs of an approaching gold mania, not a present one. But I believe more firmly than ever that it’s coming.”
Related Links:
Jesse’s Café Américain: Gold and silver charts
Reuters: Gold steady; market quiet as Bernanke speech eyed
Coin News: Gold and silver prices drop slightly
Patrick Heller: Thinking of buying gold or silver? Now what?
The Street: The top 5 reasons gold prices move
SilverSeek: Silver prices now rising faster than gold
Bloomberg: Silver purchases spur drop in gold-silver ratio
Commodity Online: Silver to shine on emerging industrial demand
Kitco: Will silver break through key resistance of $18.50 per ounce?
Mineweb: Why hasn’t gold hit $2,000/oz? Doug Silver blames U.S. dollar
Zero Hedge: Citi says QE2 would be end-game for the USD
Financial Times: Banks back switch to renminbi for trade
Bloomberg: Bank of Korea ‘under pressure’ to buy gold, Oh says
Bloomberg: Gold demand to surge in Vietnam as dong, stocks slump
ProPublica: Bank’s self dealing super-charged financial crisis
AP: Fact check: Stimulus assessments overly optimistic
The Dylan Ratigan Show: An economic fork in the road?
AL.com: Alabama city not so sure about claim of gold beneath its streets
