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Tuesday, December 8, 2009

All That Glitters,,,,,

Gold vs The Base Metals Index (black line) One Year Chart

and an interesting piece from on who is touting gold in the mass media:

,,,,And it’s become an increasingly profitable synergy for everyone involved - the retailers, the networks and an array of hosts including O’Reilly and Beck, as well as radio talkers Mark Levin, Michael Savage, Laura Ingraham, Dennis Miller, Fred Thompson and G. Gordon Liddy.

I have no idea when the gold rally will end, but I have little doubt it will be ugly when it does. And doubly so for those who purchased gold coins in search for a buyer. At least the holders of the etf will find a liquid market low transaction costs.

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