I'll take that bet! Make it 200 ounces of gold. I think you meant to say S&P 500 785 by September. Don't even know what a GLD is. Some kind of paper trade right. I own an Oil Co & 3 other companies including a jewelry company. The gold has been an investment and a hedge on the jewelry prices, and have been buying 4000 ounces of gold every month since 1984. Have enough stocks, real estate, zero coupon bonds, art and classic cars. Good Luck to you. Sincerely, Julie
Welcome back. We missed you. I was worried that you had jumped off the GWB and got stuck down below in the mud . As usual, your timing model is the envy of industry. I will hand carry a check tomorrow to Charles Schwab. Good Luck.
You can't be further from the truth here. I f you wish to wager, go short.
Personally, I have far more wagered on the long side, far more.
The social unrest in Turkey, Greece, Spain are just the tip of the iceberg.
The Mid East situation is grave.
The so called Arab Spring,or Arab uprising,is steadily growing.
Printing presses throughout the world are continuing at fever pitch and the currency race to the bottom hasn't reached fever pitch yet.
0 growth along side 3% inflation is atagflation.
You are soooo wrong it's unbelievable.
So gold's price appreciation discounts 20% inflation for six years, versus your 3% inflation observation (back of envelope). Price matters.
If gold reverts to say Brent's appreciation, you are in BIG trouble on gold.
and Brent gets consumed, gold just hangs around forever,
another little/big factoid
guess who's the biggest global producer of oil?