Thursday, May 9, 2013

Lies, Damn Lies and Krugman On Gold

He writes today:
Oh, by the way, I’ve been getting some taunting because gold is up some since I wrote about it. Indeed:
Then, lol, he posts this chart to show his NYT groupies what a dog gold is:

Since Krugman won't do it, here is a chart showing the performance gold has put in since 1975:

1 comment:

  1. How did he lie? He was merely referring to a blog post on April 15, 2013 titled "Gold does not glitter", the day gold crashed. People said he overreacted because gold came back a bit. He was merely pointing out that it still has a long way to go to make up the ground lost in the crash.

    He has the full price history displayed in a blog post September 10, 2011, 12:04 pm titled "Golden Spikes"

    Again, he has the same data on August 26, 2012, 3:18 pm in a blog post titled "Golden Instability"

    The full price history was not relevant to his post so he did not include it. He did not lie or try to mislead anyone.