Dont Give Up On Gold Yet

The No. 1 reason gold could go to the moon
Wednesday, July 28, 2010
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From Expected Returns:

... I am a big believer that Pareto's law applies to markets. In other words, 20% of inputs will drive 80% of outputs. I honestly couldn't care less about productivy numbers, because what's coming is no demand-pull inflation. I am much more focused on the dollar, bond rates, bond/dividend spreads, TIC capital flows, and the stupidity of governments around the world.

Of all these variables, I am most confident in my prognostication that politicians will become increasingly foolish as the economic crisis on our hands becomes more complicated.

I have been preparing for the gold rocket launch for many months now. I am probably different from most people in that I focus more on...

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What George Soros really meant when he called gold a "bubble"
Wednesday, July 28, 2010
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From CommodityOnline:

The hubbub started when hedge fund guru George Soros proclaimed gold to be in a bubble, and it is still roiling nearly six months later. Gold advocates jumped to its defense, while critics took the offensive.

As it turns out though, Soros was not really issuing a warning so much as he was explaining why he was making a considerable investment in gold bullion. Only days after calling gold the “ultimate asset bubble,” the financial press reported Soros had doubled his holdings of physical metal.

Both the advocates and the critics had misinterpreted what Soros was trying to say...

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More on George Soros:

George Soros: "Crisis is far from over"

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George Soros: Gold is the ultimate asset bubble