Comments on: Gold and Government Debt: The Only Two Things Going Up

By: 0b2

0b2 — Mon, 05 Jul 2010 04:17:00 +0000

There is a lot of twisted logic being applied here. This happens whenever politics enter the room. Remove the politics and you may have a chance.
Think about it…..

By: Thom

Thom — Fri, 02 Jul 2010 21:33:28 +0000

Yes, if the majority of Americans and their elected representatives agree that those at the top are being greedy with their resources, then the law of the land should reflect that. If they had been more generous the government wouldn’t be in this position where it has to force them to do so. You can’t blame the people and the government for wanting to correct the immoral greed of those who refuse to give more when a clear majority thinks they should.

By: Lost & Found

Lost & Found — Fri, 02 Jul 2010 15:32:11 +0000

Everyone should have the right to vote by virtue of being human no matter what. There is lots of fascist thinking here in BB’s head going on. I guess that is why the DR closed down its own discussion forum. It attracted to many like minded people…

By: Ross

Ross — Fri, 02 Jul 2010 09:23:12 +0000

Bill, you write that there is no war going on. This is plainly not true. The biggest component of the US’s spending is fighting 2 wars and preparing for others. The UK, another ecconomic basket case is also spending a fortune on “defense”. The tragedy of this however is that a whole lot of capital is being burned fighting ghosts as opposed to the real enemies of civilization that plagued the world in the 1930′s. Civilized society’s greatest enemy today is actually the aparatus of the state because of the mentality of those pulling it’s strings. The trend towards national socialism in the west warned of by Fred Hayek’s continuing unabated. The people steering this trend will not stop until everybody is impoverished and paranoid. Anybody buying government bonds is actually voting for this trend to continue by concentrating spending power in the state’s bureaucracy.

By: Kyle

Kyle — Fri, 02 Jul 2010 04:45:20 +0000

“Fred” – Please enlighten us with your “rational suggestions”. I’m also a business man with a masters degree in chemistry and an MBA. I struggle with your post however, because you simply criticize and provide zero insight regarding the problem at hand. That is, you give us a bitter diatribe with no solution. Ahhh, but there’s the rub, Bill’s been providing the solution for years…but you haven’t been listening…governments need to get the hell out the private sectors business, spend less, and stop printing money like delusional crack whores.

By: SickAndTired

SickAndTired — Fri, 02 Jul 2010 01:40:12 +0000

Is Wall Street corrupt? Yes.
Was bailout money steered toward cronies. Yes.
But when more people receive from the gov’t than pay, that’s a problem. And if they can vote, it’s then a cancer.

By: Fred

Fred — Fri, 02 Jul 2010 00:18:11 +0000

Bill,you say that the welfare programs are the source of our problems. You are mistaken. I am a business graduate and investor who has been involved in conservative causes for several decades, and welfare programs are just a troubling side event that must and will be corrected. You are doing us no favors by diverting our attention from the business and Wall Street corruption that was eating us alive. Since Biblical times intellegent people have recognized that the excessive love of money is the root of all evil, and today has been no exception. It was unnatural pride,corruption. and greed,
not welfare, that brought down the Roman Empire and several others, perhaps even our own. We never are going to get out of this mess if some of the nutty ideas you’ve been pushing lately actually catch on. Economic issues cannot rationally be discussed in terms of leeches and paracites. Far better to simply say that our welfare programs must be corrected, among many other things, and then make some rational suggestions.

By: Model T

Model T — Thu, 01 Jul 2010 20:18:07 +0000

And Buffet’s Berkshire Hathaway is off 20% from its 2007 peak.

Any guess to what it will do in the next 5 years?

By: InvestorsFriend

InvestorsFriend — Thu, 01 Jul 2010 20:10:49 +0000

Bill Bonner said:

And gold seems to be heading up while stocks seem to be heading down. Until they’ve run their course, only a fool would bet against these trends.

So… only a fool would hold stocks I guess?

Any yet Warren Buffett became the world’s most successful investor ever by studiously ignoring where either gold or the general market was heading.

In 60 years of writing on the market and investing in it, he invested when individual stocks were cheap and never gave a hoot if they might get cheaper. I know, I’ve read his words. He’s done okay.

Here is a link to a summary of Buffett’s investment letters from 1957 to 1975, during this period stocks experienced peaks and valleys but Buffett just bought what seemed most attractive. He NEVER tried to predict the market. He still doesn’t. Why should I?

http://www.investorsfriend.com/Warren%20Buffett%20Letters.htm

By: Crazy Opportunist

Crazy Opportunist — Thu, 01 Jul 2010 19:43:52 +0000

“Yes, dear reader, the welfare state is another piece of unfinished business. So is the dollar-based monetary system. Both of them are approaching the end of the road.” – This sounds nice to our ears. It is high time that the anticipated end arrives.

Let us change the theme. From ‘Saturday night fever’ to ‘gold fever’. Alright!
Though, gold has lost $40 today alone,
nevertheless, its potential to spiral up is not to be taken lightly.