Nickname: paul

Review: I remember very well when gold was trading at $800. At that time people were projecting a move to $3,000 per ounce. What they forgot to mention was that gold would decline to $250 before it reached the $3,000 level. As they say, a bird in the hand is worth two in the bush.

Date reviewed: May 5, 2006 6:18 PM

Nickname: win by eliminating bias

Review: Give Ryst a break, you livid gold haters. :-) A very fine article. If any of you are not sure what the article is supposed to be about, consider reading the title--quite clear. Proof of your blind rage against any mention of the forbidden word "gold" is not only that the article does not read like a promo piece, there is no adulation (like so many other subjects get), and especially, it has no hesitation to quote the protagonist saying, "There's a lot of speculation and froth in the market right now"... Step back, be happy.

Date reviewed: Apr 21, 2006 4:13 AM

Nickname: Got Gold?

Review: The problem with paper money is that you never know who is printing it, and how much. Gold is "precious" because everybody believes it, and has believed it, for 5,000 years or so. The people who are in control of the US dollar, namely the US government, have a very questionable reputation when it comes to financial responsibility. Get yourself some gold--hang on to what you've got.

Date reviewed: Apr 19, 2006 9:39 PM

Nickname: lotsa_fiat_money

Review: I encourage the central banks to unload their holdings at these levels. With as much liquidity as there is sloshing around the world they're practically giving gold away. I say, "Go ahead and sell it." All this money that's been printed in the last 10 years is finally coming out of its hiding place and attacking hard assets like Godzilla. First tech stocks, then real estate and oil, and now commodities and precious metals. Real interest rates are still negative so money is still free. The central banks should sell all their gold and devolve themselves from gold. When that happens gold will take off.

Date reviewed: Apr 19, 2006 5:50 PM

Nickname: mac

Review: Regarding the comments about Central Banks selling off some off their gold to control prices, the UK has already sold off all of its gold reserves so it has no more to sell.

Date reviewed: Apr 19, 2006 5:26 PM

Nickname: agaupb

Review: I hope a majority of the punk fund managers that don't even know what happened back in '79 don't jump on the precious metals bandwagon until gold is at $1600. We will need them to drive the price over $3000.

Date reviewed: Apr 19, 2006 4:13 PM

Nickname: zippy

Review: Nice bioraphical sketch. It would have been nice to get into the dynamics of the gold market a bit more. The jewelry inventory comment was appreciated, but it would be nice to hear about central bank policies, specifically China wanting to diversify from US debt. The increase in demand from India and China "middle" classes (family hoarding) is also of interest. Otherwise good article.

Date reviewed: Apr 19, 2006 3:57 PM

Nickname: post-script

Review: Care to write another balancing article about how most central bankers today aren't old enough to remember the great depression, and how they're oh so tired of having their government's money tied up in metal not earning a penny of interest? And since these young guns are so aware of how sophisticated today's financial markets are, they're sorely tempted to offload their stuff and invest it to offset their government's ever increasing deficits? Articles like these do a diservice to readers who get caught up in the frenzy - not realizing that every coin has two sides.

Date reviewed: Apr 19, 2006 1:21 PM

Nickname: deja-vu

Review: Its deja vu all over again. The last time gold ran up in a frothy market (accompanied by magazine articles like this), its price soon got whacked down to earth by central banks dumping tons of the stuff. Funny how all the business magazines forget to remind us readers about the whole story, but then its all about selling magazines now, ain't it.

Date reviewed: Apr 19, 2006 1:09 PM

Nickname: VIVEK KARWA

Review: We think that the above facts are justified and gold will go up day by day. But first it will have to take a steep correction of say around 10% to 15%. This will depend on the oil situation and other factors. America's trade deficit will go higher each day until exports grows. In my view, the interest of the investors will grow more than it was in the past so buy gold at evey low and you will be the gainer.

Date reviewed: Apr 19, 2006 11:54 AM