Tuesday, September 13, 2011

Weird Scenes Inside the Gold Mine

Gold prices continue to trend up. Strongly. EU problems--especially with regard to Greece--resulted in a good day for gold.

Looking at the big picture, gold is way up over the past years, even allowing for inflation. So, it's a sure bet, right? Go load up on gold. Hell, every right-leaning talk show on the radio has a sponsor pumping gold. Talk to your neighborhood libertarian and they'll probably tell you it's the best hedge against the collapse of civilization as we know it.

Of course, if civilization does collapse, I'm thinking the guys with the food and guns will have it all over the guys with gold. Though I guess there are numbers of people stockpiling all three.

Me, I'm not ready to cash out on civilization just yet, the empty suit in the Oval Office not withstanding. And I have to admit--being a talk-radio junkie--I'm sick to death of all the gold-pumping sponsors and infomercials.

But you know, those spots really work. Seriously. Evidence? Why, just look at the price of gold...

Cheers, all.

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