• seperator

Don't be bashful about gold

Wasn’t it the old Dragnet TV series that said the names had been changed to protect the innocent?

Well, gold bugs like a little screen between themselves and the rest of the world, too.

Yesterday’s topic elicited an e-mail that I will show in part here.

“After you and I spoke on this after Pat’s column about two months ago, both myself and a top gold, gold futures and gold equities analysis firm that I deal with agree that his opinions are ‘solid gold.’ Are his opinions likely to ruffle some feathers? Sure. But then there are still a lot of people in denial about the strength of U.S. banks, the U.S. stock market and the dollar. This is one more reason I plan to retire in Asia.

“Give us more of Pat! Please feel free to share my thoughts with him.”

Hey, I will share these thoughts with more than just Pat. They can kick off the discussion.

I have to admit I was a little disappointed to see that no comments were posted below my comments yesterday on numismaticnews.net. Perhaps people are thinking about it. Perhaps it is simply a slow summertime period and they will think about that tomorrow, not unlike Scarlett O’Hara in Gone with the Wind.

People who believe in gold don’t want to be reduced to wearing the drapes because they didn’t take precautions against inflation.

This entry was posted in Buzz. Bookmark the permalink.

3 Responses to Don't be bashful about gold

  1. Coin Update says:

    I just posted a comment today. I usually do my daily internet readings early AM, so sometimes end up reading yesterdays news.

  2. Mike Unser says:

    Pat’s column does contain some solid facts, yes. But why stray into negative conjecture so often?

    As an example, Pat’s article that started this topic contained two paragraphs about Georgia’s oil. It accounts for about 10% of the story and is cited as "perhaps the most important event" for financial news. Yet, it has a strong tone — in my opinion and I think of many others — that we’re nearly touching an excursion into World War III.

    Why go there? As a clearly stated opinion, on a blog, or in a political medium, perhaps many would enjoy it. But when I read Numismatic News, I don’t want "Entertainment Tonight-like" reporting on coins and bullion. Maybe that’s just me…

    By the way, Georgia’s Baku-Tbilisi-Ceyhan (BTC) pipeline, which has a 1 million barrel-a-day capacity, had been closed since early August due to an explosion in the Erzincan province — well before the published article cited that "if that were to shut down, there would be an immediate oil supply squeeze."

    Also, BP Plc, Europe’s second-biggest oil company, had already shut down two other pipelines in Georgia in a "precautionary measure," as a result of the conflict between Georgia and Russia. (See BBC, CNN and other sources.)

    Has there been a drop of oil out of Georgia since the conflict began? It doesn’t look like it. Has oil chaos and a surge in commodity prices resulted from the loss? It doesn’t look like it.

    The glass doesn’t always have to be half empty. That’s just too depressing.

  3. I read your column about the Chinese counterfeit coins. Have you seen these Morgan or Peace dollars they are making?

Leave a Reply