Tag Archives: fiat currency

I am now bearish on gold because the bulls are bullish for all the wrong reasons, and the price action is supporting my position. In my opinion, gold is being supported by pillars of sand - 19 in total - and the tide is coming in.

Does the fast-fading world reserve currency [the USD] look like it is collapsing? A look at the performance of the U.S. Dollar Index does not suggest that it is, weak as it is. If the fiat dollar is not in danger of imminent “collapse,” or even breaking down, then gold does not have this event as an impetus for rallying higher. [Frankly speaking,] until that changes, gold ain’t going higher, at least in the short term.

Paper money was first used by the Chinese during the Tang Dynasty in 806 AD–500 years before Europe began printing money in the 17th century. It would be another 100 years before America started circulating a national paper currency.... How familiar are you with banknotes from around the world?

Hundreds of articles are posted every week but their content is almost never challeged. Campbell does just that. He conveys his comments, concerns and criticisms in a concise conversation, concluding his critiques with either his concurrence or contrary point of view. He invariably ends each critique with a question or two for you to mull over until his next insightful and thought-provoking commentaries. Put your thinking cap on and give them a read. Words: 1722

We may reach levels for gold previously thought of as crazy - $5,000 an ounce or even $10,000 - with plenty of volatility and pullbacks along the way... and in my opinion there are 10 reasons it could happen within the next 12 months and, if not by then, then soon after. Why? Because, in short, there is way too much fiat currency chasing way too little gold. Words: 951

Gold is back in vogue. After spending much of the past three decades in the doldrums, gold is stirring and is generating great interest. Investors can be persuaded to buy equities, property and bonds without much convincing... [but] gold is different. They need to be convinced as to why they should own a precious metal that has little apparent utility. [Below we] will explain why owning gold is not only a prudent and intelligent idea, but that it is imperative to protect oneself through the most extreme uncertainty we have faced for generations. Words: 2101

The fundamentals for gold are impeccable, the long term technical picture is exceptional and gold remains very inexpensive when compared to almost every other alternative. [I have 17 reasons why] I expect gold to trade at several multiples of the current price before this bull market breathes its last breath. Words: 2101