Bernanke an economic voice of reason

<div style="text-align: justify;">Reading this opening line from a <a href="http://seekingalpha.com/article/266093-4-reasons-that-gold-is-economically-irrelevant">Seeking Alpha article</a> <i>"Ben Bernanke continues to be one of the only economic voices of reason in the United States"</i> my first thought was the article was humorous. Not so, he is actually serious! It continues:<br /><br /><i>Gold is economically irrelevant for the following reasons:<br /><br />1. The pricing mechanism of gold is too easily manipulated by extremists. Gold is the investment vehicle of fear.<br />2. Gold is no longer a currency. Gold has no fundamentals. <br />3. Gold prices are transitory. This is a fad.<br />4. Bond prices, gold stocks, and core inflation suggest there is no imminent threat to the economy.</i><br /><br />This is the mainstream view, unfortunately. We are a long way off a bubble.</div>

Reading this opening line from a Seeking Alpha article "Ben Bernanke continues to be one of the only economic voices of reason in the ...

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Why Investing In Gold Is An Illuminati Trap

<div align="justify">There are a lot of "why you should buy silver instead of gold" advocates out there, but this blog <a href="http://www.thepatriotscave.com/2010/07/why-investing-in-gold-is-illuminati.html">Why Investing In Gold Is An Illuminati Trap</a> is, well, in a league of its own:<br /><br /><em>Welcome to The Patriots Cave, I am Joel the K. And yes, that is correct, the Illuminati wants you to waste your money on gold. Gold coins, gold bullion, gold stamps and gold of every sort. ...<br /><br />This is what I believe the NWO is planning to do with gold. They will scare the middle and upper class into sinking their money in gold, and then they will pull the rug out from under it all. Gold will plummet as panic selling ensues. Gold will fall to under $300/ounce. And then people will realize, that like diamonds, gold too, is just something pretty to look at, and that it has very little inherant value.<br /><br />So say I am correct in my speculation. What then would be the smart move? Oh that is easy when you think with your instinct and intuition. SILVER. Silver will become worth MORE than gold. Mark my words. Brethren and sistren, for over 6,000 years silver was like gold, a pretty metal to make jewelry and spoons out of, and coins and bullion bars. However, in the last few decades, silver has been found to posess qualities unlike any other metal. Silver is now being used to make computers, electrical appliances, medicine, cars, planes, boats, machines, and millions of other things.</em> </div>

There are a lot of "why you should buy silver instead of gold" advocates out there, but this blog Why Investing In Gold Is An Illu...

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Rory Robertson - Gold Hater

<div align="justify">Michael Pascoe is at it again in <a href="http://www.smh.com.au/business/gold-price-a-bubble-waiting-to-pop-20100628-zca1.html">this story</a> reporting on Rory Robertson's (Macquarie Bank interest rate strategist) most recent article:<br /><br />"Rather than worrying about US Treasuries or Australian house prices (he doesn't see a bubble in either of those assets for fundamental reasons), punters should be sceptical of gold around US$1,250 per ounce"<br /><br />"Robertson admits one has to be careful about bagging gold bugs because for a decade they have been right - gold has been a standout performer"</div>

Michael Pascoe is at it again in this story reporting on Rory Robertson's (Macquarie Bank interest rate strategist) most recent article...

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Michael Pascoe - Gold Hater

<div align="justify">Hat tip to Justin - <a href="http://www.theage.com.au/business/gold-drops-25-20090914-fmk9.html">Gold drops 25%!</a> by Michael Pascoe:<br /><br /><em>So much for the rampant gold bugs wetting themselves about chart levels and such, never mind the overtime being worked in the mini-industry that exists around promoting gold.<br /><br />As gold sceptics know, the yellow stuff occasionally has a day in the sun when there's fear and loathing in the financial system ...<br /><br />But don't try to tell hard-core bugs that – they've long been inured to Shakespeare's warning that all that glisters is not gold.</em><br /><br />I've created a new label called "Gold Haters" so I can keep track of them for future reference.</div>

Hat tip to Justin - Gold drops 25%! by Michael Pascoe: So much for the rampant gold bugs wetting themselves about chart levels and such, ne...

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Alan Kohler - Gold Hater

<div align="justify">One to bookmark and shove in his face when gold is $5000. From <a href="http://www.businessspectator.com.au/bs.nsf/Article/Gold-is-the-commodity-of-craziness-pd20090909-VPSVF?OpenDocument&src=sph">Gold fever looks incurable</a> by Alan Kohler:<br /><br /><em>But underlying demand is weak and getting weaker, and supply is on the rise – big time.<br /><br />Gold is the commodity of craziness.<br /><br />... gold investors are that unique breed of incurable optimists who don’t want to be paid any income on their capital<br /><br />... it is not a currency. I can’t go into JB Hi-Fi with a lump of it and buy a TV.<br /><br />It’s just a commodity they [central banks] got stuck with because it used to be a currency a long time ago and will never be again.<br /><br />So gold is also the commodity of confusion: is it an investment safe haven or just a commodity? Answer: it’s whatever everyone thinks it is, and right now it’s a haven.</em></div>

One to bookmark and shove in his face when gold is $5000. From Gold fever looks incurable by Alan Kohler: But underlying demand is weak and...

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