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I caught Steve Forbes discussion on his latest book, "Money", on Cspan. Gold is mentioned throughout the talk and I assume his book:
Money: "Co-authors Steve Forbes and Elizabeth Ames talked about their book, Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, in which they trace U.S. economic troubles back to the ending of the gold standard in the 1970s and discuss what a weak U.S. dollar means for the global economy. They called for a return to the gold standard to help stabilize the economy. The co-authors spoke at Politics and Prose Bookstore in Washington, DC. - June, 2014"
I'm with Mark. I still accumulate but speculating in this market in the near term is borderline suicidal Recall that historically, commodity bull markets range from 13-15 years. The bull market in gold has been running since 2002 [rono scrambles to get his calculator . . . . figger, figger, figger . . . yup, it's been a great run, TYVM.] However, it really doesn't look that promising a place to play for speculation.
It will sit in my wife's, safe deposit box (as jewelry), collecting no interest, dividends or capital gains but lots of dust...Oh Well... peace and harmony to ME comes with a price
Comments
Money:
"Co-authors Steve Forbes and Elizabeth Ames talked about their book, Money: How the Destruction of the Dollar Threatens the Global Economy - and What We Can Do About It, in which they trace U.S. economic troubles back to the ending of the gold standard in the 1970s and discuss what a weak U.S. dollar means for the global economy. They called for a return to the gold standard to help stabilize the economy. The co-authors spoke at Politics and Prose Bookstore in Washington, DC. - June, 2014"
c-span.org/video/?319928-1/book-discussion-money
I'm with Mark. I still accumulate but speculating in this market in the near term is borderline suicidal Recall that historically, commodity bull markets range from 13-15 years. The bull market in gold has been running since 2002 [rono scrambles to get his calculator . . . . figger, figger, figger . . . yup, it's been a great run, TYVM.] However, it really doesn't look that promising a place to play for speculation.
peace,
rono