muses of the moment

April 9, 2013

Latest Blog Post from Martin Armstrong dated April 7, 2013

Filed under: Gold and Silver Investing, Martin Armstrong, Precious metals — Tags: — totallygroovygirlfriday @ 1:27 pm

Click here for Martin Armstrong’s latest blog post entitled Gold-To Buy Or Not To Buy dated April 7, 2013.

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8 Comments »

  1. What do you make of Martin’s statement that gold is no longer relevant? He’s got to be kidding, right? If that’s true, why are central banks like China, India and Russia buying gold hand over fist? Also, did he answer the question – to buy or not to buy? Makes you wonder if Martin has moved over to the dark side. Perhaps a condition for his release.

    As for Bitcoin, here is an interesting post “Bitcoin Bubble 2.0: ‘From A Monetary Standpoint—It’s On Par With The Stuff You Find At Chuck E. Cheese’s’” –

    http://bullmarketthinking.com/bitcoin-bubble-2-0-from-a-monetary-standpoint-they-are-on-par-with-the-stuff-you-find-at-chuck-e-cheese/

    Summary:
    » Bitcoins can be hyperinflated in substance
    » Bitcoins can never be the most saleable good
    » Bitcoins cannot account for the regression theorem
    » Bitcoins are the equivalent of token money
    » Bitcoins are the opposite of anonymous
    » The USD price of a Bitcoin has been rising in an unsustainable fashion, the only thing missing being a blow-off top

    It also looks like the Comex is on the verge of collapse –

    http://bullmarketthinking.com/comex-gold-inventories-collapse-by-largest-amount-on-record/

    Comment by sw — April 9, 2013 @ 2:58 pm

  2. Yes, sometimes Martin can be a bit vague. He has said in the past that gold is a hedge against stupid governments. That’s why I have it. I think one thing that Martin wants to get across, and something gg has said in the past: you will not get rich with gold. You will keep the purchasing value, but not get rich. And that is the goal during the winter season.

    gg

    Comment by totallygroovygirlfriday — April 9, 2013 @ 3:29 pm

  3. When it comes to gold, I’ll stick with another financial expert –

    “Gold will be the last man standing”
    – Richard Russell, editor of The Dow Theory Letters

    “In a bear market, he who loses the least, wins.”
    – Richard Russell, editor of The Dow Theory Letters

    Comment by sw — April 9, 2013 @ 5:46 pm

  4. He’s good!!

    gg

    Comment by totallygroovygirlfriday — April 9, 2013 @ 5:49 pm

  5. Gold is no longer relevant in monetary terms. He is right. Martin has so much to say, sometimes he just jumps a bit fast.
    Mankind will take the next evolutionary step with digital money. With a one world digital reserve currency for trade and digital local currencies free floating against the reserve for domestic use. Intangibe so no taxes needed. Gold will just be an asset government can’t tax away from you. and thus perfect for the transition for individuals. Not for institutions. I can’t see the restructuring happening. for that we will probably need war first. It is about time.

    my two cents.

    Paul.

    Comment by Paul — April 9, 2013 @ 7:33 pm

  6. Hi GG,

    I understand the MA thinks that gold investors won’t get rich. However, MA has said that gold price is likely to go up. If gold price rises more than say real estate prices, then in relation to real estate, not only I have maintained my purchase power, but would also have gained.

    MA warned against the idea gold will rise to say $30,000, but he did propose a $5,000 target. I think though all tangible assets will probably rise in the coming debt crisis, however, gold can still deliver solid results, as long as it out performs other classes of assets.

    What do you think please?

    Comment by Firebug — April 10, 2013 @ 6:59 pm

  7. Yes, it is my opinion that gold can deliver solid results as much or more than other tangible asset classes. It should be in everyone’s investment allocation. But how much depends on need for regular income, age, risk, level, etc.

    gg

    Comment by totallygroovygirlfriday — April 10, 2013 @ 7:21 pm

  8. The mainstream media has got quite a few gold lost its shine articles lately, we must be close to the low then?

    Though my portfolio is getting smashed, but I remain hopeful.

    Comment by Firebug — April 12, 2013 @ 4:27 pm


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