Jim Rogers – I Hope Gold Goes Down
Spot Gold Price – Gold Price Outlook
Jim Rogers, American Hedge fund manager and commodity bull, criticizes the debt policy of the EU and explains why he expects everything to end in a mess , he says he wont buy gold right now because he accepts further weakness in the gold price.
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Real Inflation – Another Reason to Own Gold
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Deflation is another case of how to lie with statistics, a scheme that this government and the Fed has been particularly adept. One should understand that the inflation statistics include the cost of housing which last month was down .7 of 1%. For most of the home owners and renters whose out of pocket costs did not decrease, this had no effect. On the other hand, the cost of food, gas, medical, education and taxes were up. This represents real inflation to most Americans. If the cost of housing were left out of the calculation, inflation would be on the order of 5 to 6% a year.
Why Invest in GOLD
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You and your family are going broke right now and you don’t even know it. When the gold standard was set in place the price of gold remained a constant $20.65 per ounce and fluctuated only one penny over the years 1833 to 1890. This means that for 57 years the US dollar was literally as good as gold. This is the way the US currency was designed to be, from the very beginning. Read more 
Gold Investing and The Central Banks
Because high unemployment and collapsed home prices foster deflation, the continued debasement of the US currency through balance-sheet leverage makes it unattractive as a reserve asset. But what alternatives are available? The euro is in danger, and Japan’s government is warning that its national debt at 227% of GDP threatens an eventual sovereign crisis for the yen. There’s talk of Russia buying Canadian loonies and Aussie dollars, but those are tiny markets.
So the central banks appear to be accumulating gold, slowly and steadily, buying on declines, and nudging the price up as gradually as they can in order to reduce their average cost. That might be why we observe so little volatility in the gold price. The prospective buyers, namely the central banks, are so much larger than the gold market that they avoid actions which might cause price spikes.
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Spot Gold Price Outlook
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Many ‘insiders’ feel that poor employment numbers through most of the winter will be putting pressure on the usual bag of indicators and hurting both the economy and the dollar further. More stimulus as a result of the bad news will just further boost Golds fortunes.
That is how I see it playing out through spring.
Gold is therefore still a solid bet and I will not sell long positions. As long as Gold is still priced in US Dollars we can expect it to continue to rise for quite some time into the future.
