Comments about ‘Has the gold rush came to an end?’

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Published: Friday, May 10 2013 5:09 p.m. MDT

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UtahBlueDevil
Durham, NC

I;ve been wondering how long it would take the DN to address this issue. Glenn Beck and his never ending crusade to sell gold has predicting the demise of the dollar now for at least 6 years. Who can't forget his famous demonstration where he used a lift to show a chart of how high he thought gold prices were going to rise because of the imminent collapse in the value of the dollar.... that was 6 years ago.

The fact is the dollar has hovered in its trading range now +/- 5 percent for a long time now. Its value just isn't fluctuating that much because currency values are relative to each other. Glenn is absolutely right in that keeping your money in cash is a bad answer... inflation will eat away at it. And he is correct that in a properly diversified portfolio, metals can play a part.

If you like investing in gold...go for it. It will go up, like all things. But if you think someday we will be living in a gold transacted economy, those days are long gone. No one "Needs" gold... it is a luxury metal.

Charles H
Atlanta, GA

I doubt that Paulsen, Soros, and others invest in gold or anything else just because they are prophets of high finance. It is likely that they want to drive the market, wait for the masses to jump in, then cash out, taking their profits with them. This is an old pattern.

Doogie
South Jordan, Utah

If you look at the trading patterns of gold you will find that it is being manipulated. The last thing the Fed and big money banks want is for gold to be a safe haven asset where people store their wealth. In order to keep interest rates down the fed has no choice but to keep printing money at the rate they are currently at. Who will buy US treasuries if it isn't the fed? If interest rates rise, our government has to service that debt which will create further deficit spending to cover the cost of interest until all confidence in the dollar is lost globally. Those that cant see this train wreck coming are hiding their heads in the sand. Hard assets are the only things that will protect you and gold is a prime example of a hard asset. Paper has no value and maybe we are beyond going back to the gold standard but it isn't by common sense that we have arrived at that point but stupidity.

morpunkt
Glendora, CA

I never trusted gold, for the long term. I am much better off, because of it.

What is the truth?
Sandy, UT

Shrug... I remember gold prices in the 80's (after the last real estate market crash). It sky rocketed and my parents foolishly bought. Then, surprise, surprise it tanked. Wasn't until this last wild ride that my mom could get rid of the stuff and not lose money.

"Those who cannot remember the past are condemned to repeat it"

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