Gold is the most purely speculative investment on earth. Gold has no intrinsic value whatsoever. The functional uses for gold including electronics dentistry and jewelry use about one millionth of the gold available and there is plenty more in the earth not that hard to get. In today's market gold is more of an ad campaign and an effort to sabotage the economy of the first black president than anything else. That puts your investments at risk and your removal of your money from our economy (into gold) weakens the US economy.
Land is real. Stock in a company is real, savings are real and US Bonds really are a piece of something with a real value and even money over-printed is an intrinsically valuable commodity, but gold can dive overnight in value based on nothing more than small upticks in the global economy.
It's an upatriotic political strategy and a dumb investment except for the wealthy as a twelfth back-up plan.
AND THIS WHOLE THING REALLY SHOWS WHY WE SHOULD TAX THE SUPERWEALTHY SO MUCH MORE.
BUY US BONDS
MAKE YOUR COUNTRY STRONG
* The Wall Street Journal
ReplyDeletePaulson Funds Hit Hard by Recent Gold Selloff
* Article
* Video
* Comments (13)
more in Markets »
*
Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article or visit www.djreprints.com
See a sample reprint in PDF format. Order a reprint of this article now
* The Wall Street Journal
* MARKETS
* OCTOBER 10, 2011
Paulson Funds Hit Hard by Recent Gold Selloff
BY GREGORY ZUCKERMAN AND STEVE EDER
A September selloff in gold has turned a bad year for billionaire investor John Paulson into an even worse one.
For much of 2011, Mr. Paulson's largest hedge funds suffered, but his other funds didn't do as badly, thanks to bets on gold and other investments. That changed last month, when the value of almost every fund operated by Paulson & Co. fell sharply.
The declines come at a delicate time for Mr. Paulson, who gained prominence by cashing in on a bet against the U.S. housing market and has a net worth recently estimated at $15.5 billion by Forbes ...
BY GREGORY ZUCKERMAN AND STEVE EDER
A September selloff in gold has turned a bad year for billionaire investor John Paulson into an even worse one.
For much of 2011, Mr. Paulson's largest hedge funds suffered, but his other funds didn't do as badly, thanks to bets on gold and other investments. That changed last month, when the value of almost every fund operated by Paulson & Co. fell sharply.
The declines come at a delicate time for Mr. Paulson, who gained prominence by cashing in on a bet against the U.S. housing market and has a net worth recently estimated at $15.5 billion by Forbes ...
Very nice topic...
ReplyDeleteIs very important to calculate current gold price before selling it to a gold buyer. Just check the link bellow to know more... gold value calculator