tag:blogger.com,1999:blog-3758330678390419129.post7289910935224115292..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Myth That Gold Is a Great Performer During A RecessionRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-3758330678390419129.post-70972056793554670782016-02-29T23:48:11.816-05:002016-02-29T23:48:11.816-05:00What matters is how gold performs relative to othe...What matters is how gold performs relative to other assets during a recession. If stocks, bonds and real estate are falling faster than gold, gold looks relatively good.Donxonhttps://www.blogger.com/profile/16480364222848672992noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-59520655013982488372016-02-29T17:07:46.838-05:002016-02-29T17:07:46.838-05:00The price is fixed not dictated by the free market...The price is fixed not dictated by the free market. The author fails to point this out. Please utilize proper grammar when insulting me.Anonymoushttps://www.blogger.com/profile/03009791209514519644noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-35127599197985453802016-02-29T17:05:24.478-05:002016-02-29T17:05:24.478-05:00I believe the author, as most "economic exper...I believe the author, as most "economic experts" has failed to address the fact the price of gold is fixed by a handful of people, and rigged through the paper market. The large banks have admitted this in the LIBOR scandal. Until metals trade in a free market, we shall never know where gold trades in a recession. Please utilize proper grammar when insulting me.Anonymoushttps://www.blogger.com/profile/03009791209514519644noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-46239654904070205382016-02-29T12:47:11.347-05:002016-02-29T12:47:11.347-05:00GOLD IS BOTH A COMMODITY AND A LAST RECOURSE MONEY...GOLD IS BOTH A COMMODITY AND A LAST RECOURSE MONEY; rw IS CORRECT IN WHAT HE SAYS?BUT HE MISSES ONE IMPORTANT FURTHER REASON WHY IT MAY BE IMPORTANT TO BUY GOLD AT SOME POINT. IF WE ARE COMING TO THE END OF THE CREDIT CYCLE AND A COLLAPSE OF ANY REMAINING VESTIGES OF FAITH IN FIAT MONIES,THEN GOLD BECOMES THE ULTIMATE REFERENCE MONEY. AFTER THE END OF WORLD WAR 2 AND EARLIER DURING THE WEIMAR communehttps://www.blogger.com/profile/17807541589310243645noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1589653867416298672016-02-29T12:46:46.002-05:002016-02-29T12:46:46.002-05:00Thanks for the clear explanation.
One thing I am ...Thanks for the clear explanation.<br /><br />One thing I am unclear about though, is the cause of all of the government purchases of gold during the last recession. Was it to protect themselves from devaluation of currencies in other countries? Is it their currency/gold ratios that they are worried about (even though they wouldn't admit it)? Other reasons?Dhttps://www.blogger.com/profile/07011856643664793898noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29741984062342171202016-02-29T12:31:03.387-05:002016-02-29T12:31:03.387-05:00I have "monetary uncertainty" and philos...I have "monetary uncertainty" and philosophical opposition to the USD. In the long, long term, I don't see how it strengthens with this much government debt outstanding.Wagshttps://www.blogger.com/profile/14719718595125311688noreply@blogger.com