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	<title>Comments on: Gold (Inflation Adjusted)</title>
	<atom:link href="http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
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		<title>By: Gold = $1109 &#124; The Big Picture</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-2/#comment-233302</link>
		<dc:creator>Gold = $1109 &#124; The Big Picture</dc:creator>
		<pubDate>Mon, 09 Nov 2009 13:38:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-233302</guid>
		<description>[...] Previously: Gold Inflation Adjusted (October 7th, 2009) [...]</description>
		<content:encoded><![CDATA[<p>[...] Previously: Gold Inflation Adjusted (October 7th, 2009) [...]</p>
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		<title>By: New, Notes, and Deals - Oct. 9 2009</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-2/#comment-224360</link>
		<dc:creator>New, Notes, and Deals - Oct. 9 2009</dc:creator>
		<pubDate>Sat, 10 Oct 2009 13:05:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-224360</guid>
		<description>[...] Gold (Inflation Adjusted). The commodity is nowhere near its real record price. [...]</description>
		<content:encoded><![CDATA[<p>[...] Gold (Inflation Adjusted). The commodity is nowhere near its real record price. [...]</p>
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		<title>By: Grand_Supercycle</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-2/#comment-223918</link>
		<dc:creator>Grand_Supercycle</dc:creator>
		<pubDate>Fri, 09 Oct 2009 01:00:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223918</guid>
		<description>My monthly indicator for the USD is still giving bullish warnings.

Will USD rally when bear market rally ends ?

 www.zerohedge.com/forum/market-outlook-0</description>
		<content:encoded><![CDATA[<p>My monthly indicator for the USD is still giving bullish warnings.</p>
<p>Will USD rally when bear market rally ends ?</p>
<p> <a href="http://www.zerohedge.com/forum/market-outlook-0" rel="nofollow">http://www.zerohedge.com/forum/market-outlook-0</a></p>
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		<title>By: JustinTheSkeptic</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223654</link>
		<dc:creator>JustinTheSkeptic</dc:creator>
		<pubDate>Thu, 08 Oct 2009 08:44:17 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223654</guid>
		<description>Something to keep in mind gold bugs:  it was a one day price spike that took the price of gold to $850 back in 1980.  So if you smooth through the bottom of this spike it produces an equivalent of around $1,200 an ounce, not that far from today’s $1,048.</description>
		<content:encoded><![CDATA[<p>Something to keep in mind gold bugs:  it was a one day price spike that took the price of gold to $850 back in 1980.  So if you smooth through the bottom of this spike it produces an equivalent of around $1,200 an ounce, not that far from today’s $1,048.</p>
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		<title>By: michaeld</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223625</link>
		<dc:creator>michaeld</dc:creator>
		<pubDate>Thu, 08 Oct 2009 02:36:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223625</guid>
		<description>Gold is priced in dollars. In my opinion it all has to do with the value of the dollar. If it falls further, gold will rise further. But if the dollar reverses higher (e.g., due to stronger than expected GDP numbers in a couple of weeks), then gold price will go much lower.

Nobody knows where the price of gold will be in the future. But if one uses a market timing system to enter and exit positions, then one may end up making lots of money. Buy and hold is dead as we knew it!

Consider http://invetrics.com 

Its daily DJIA index trading signal is up significantly this year, and it is free of charge for individual investors. Timing signals work!</description>
		<content:encoded><![CDATA[<p>Gold is priced in dollars. In my opinion it all has to do with the value of the dollar. If it falls further, gold will rise further. But if the dollar reverses higher (e.g., due to stronger than expected GDP numbers in a couple of weeks), then gold price will go much lower.</p>
<p>Nobody knows where the price of gold will be in the future. But if one uses a market timing system to enter and exit positions, then one may end up making lots of money. Buy and hold is dead as we knew it!</p>
<p>Consider <a href="http://invetrics.com" rel="nofollow">http://invetrics.com</a> </p>
<p>Its daily DJIA index trading signal is up significantly this year, and it is free of charge for individual investors. Timing signals work!</p>
]]></content:encoded>
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		<title>By: royrogers</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223619</link>
		<dc:creator>royrogers</dc:creator>
		<pubDate>Thu, 08 Oct 2009 02:19:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223619</guid>
		<description>barry, according to the chart, gold should go to $3,000 ,
yeppeee, there is still time to buy the shiny stuff.</description>
		<content:encoded><![CDATA[<p>barry, according to the chart, gold should go to $3,000 ,<br />
yeppeee, there is still time to buy the shiny stuff.</p>
]]></content:encoded>
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		<title>By: Inflation-Adjusted Gold Chart</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223596</link>
		<dc:creator>Inflation-Adjusted Gold Chart</dc:creator>
		<pubDate>Thu, 08 Oct 2009 00:38:50 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223596</guid>
		<description>[...] tip The Big Picture courtesy of Bianco [...]</description>
		<content:encoded><![CDATA[<p>[...] tip The Big Picture courtesy of Bianco [...]</p>
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		<title>By: DiggidyDan</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223594</link>
		<dc:creator>DiggidyDan</dc:creator>
		<pubDate>Thu, 08 Oct 2009 00:29:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223594</guid>
		<description>Thomas Jefferson is my second favorite president, behind Teddy Roosevelt. American badass. . . conservationist, and the only president ever to knife fight a cougar to death.</description>
		<content:encoded><![CDATA[<p>Thomas Jefferson is my second favorite president, behind Teddy Roosevelt. American badass. . . conservationist, and the only president ever to knife fight a cougar to death.</p>
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		<title>By: M</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223587</link>
		<dc:creator>M</dc:creator>
		<pubDate>Thu, 08 Oct 2009 00:05:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223587</guid>
		<description>Mark,

I think I may have misunderstood your intent when you said &quot;the wise men who took unprecedented risks in declaring independence from England’s tyranny, feared the tyranny of bankers equally.&quot;  From that I took your thesis to be that all the founders hated bankers and we should too.    But, of course, you need not look hard to find founders who didn&#039;t fear bankers.   Hamilton was a banker and a favored aide to Washington in war and peace.  If you&#039;d written &quot;many of the wise men&quot;  instead of  &quot;the wise men&quot;  I wouldn&#039;t have bothered to quibble.  

And, I&#039;m afraid my response was hurried and unclear.   I intended to suggest that there are arguments for and against central banking and floating currency that don&#039;t require the blessing or curses of the Founders (who, I think, had quite various views on the subject).   I mentioned this purely as a counter to what I thought you were arguing (namely that the Founders distrusted banks and bankers so banks and bankers must be bad and un-American).  I didn&#039;t and don&#039;t  intend to go over the well worn arguments for and against  (now working toward their third century in this country) in this forum.  FWIW,  my belief is that the bank has always been problematic in a democracy and some of the flaws we&#039;re seeing in the current incarnation (secrecy, cronyism or the at least the appearance of it,  and a great deal of power delegated to a very few largely un-checked and possibly un-balanced people) are flaws inherent in a independent bank.  But, nasty though they can be, it&#039;s hard to imagine a modern state without a central bank for all the reasons that Hamilton foresaw and, in the modern environment, to compete with the other central banks.</description>
		<content:encoded><![CDATA[<p>Mark,</p>
<p>I think I may have misunderstood your intent when you said &#8220;the wise men who took unprecedented risks in declaring independence from England’s tyranny, feared the tyranny of bankers equally.&#8221;  From that I took your thesis to be that all the founders hated bankers and we should too.    But, of course, you need not look hard to find founders who didn&#8217;t fear bankers.   Hamilton was a banker and a favored aide to Washington in war and peace.  If you&#8217;d written &#8220;many of the wise men&#8221;  instead of  &#8220;the wise men&#8221;  I wouldn&#8217;t have bothered to quibble.  </p>
<p>And, I&#8217;m afraid my response was hurried and unclear.   I intended to suggest that there are arguments for and against central banking and floating currency that don&#8217;t require the blessing or curses of the Founders (who, I think, had quite various views on the subject).   I mentioned this purely as a counter to what I thought you were arguing (namely that the Founders distrusted banks and bankers so banks and bankers must be bad and un-American).  I didn&#8217;t and don&#8217;t  intend to go over the well worn arguments for and against  (now working toward their third century in this country) in this forum.  FWIW,  my belief is that the bank has always been problematic in a democracy and some of the flaws we&#8217;re seeing in the current incarnation (secrecy, cronyism or the at least the appearance of it,  and a great deal of power delegated to a very few largely un-checked and possibly un-balanced people) are flaws inherent in a independent bank.  But, nasty though they can be, it&#8217;s hard to imagine a modern state without a central bank for all the reasons that Hamilton foresaw and, in the modern environment, to compete with the other central banks.</p>
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		<title>By: Pat G.</title>
		<link>http://www.ritholtz.com/blog/2009/10/gold-inflation-adjusted/comment-page-1/#comment-223586</link>
		<dc:creator>Pat G.</dc:creator>
		<pubDate>Thu, 08 Oct 2009 00:04:29 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=40467#comment-223586</guid>
		<description>There are some very compelling arguments for gold here backed with good examples on reasons to buy which I have been stating on TBP since I started posting here.  For those of you who scoff at the idea that gold is a store of value because you still view it as a barbaric metal, I wish you luck.  If the USD goes into the toilet and you&#039;re holding ETFs, Treasuries, equities, bonds, corporate, state or municipal debt or any other paper instrument backed by the full faith of the USG, you can only liquidate them in dollars.  How long will that take? The DXY&#039;s all time low was 70.70, today it is still above 76 and gold is at $1043.  Get the picture?</description>
		<content:encoded><![CDATA[<p>There are some very compelling arguments for gold here backed with good examples on reasons to buy which I have been stating on TBP since I started posting here.  For those of you who scoff at the idea that gold is a store of value because you still view it as a barbaric metal, I wish you luck.  If the USD goes into the toilet and you&#8217;re holding ETFs, Treasuries, equities, bonds, corporate, state or municipal debt or any other paper instrument backed by the full faith of the USG, you can only liquidate them in dollars.  How long will that take? The DXY&#8217;s all time low was 70.70, today it is still above 76 and gold is at $1043.  Get the picture?</p>
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