Gold-Netto

Gold-Netto Saw a shout out to Netto on CNBC this morning regarding comments on gold prices. Hope to see him around here again this year on that subject as well as Pac 10 football.

I think there's good value in the mining stocks. Their price has lagged well behind the increase in bullion prices, and even dropped recently (while gold surged) during the market crash right after the AAA downgrade. There's going to have to be a catch-up period at some point, or so you would think. Goldcorp (GG) is a good one to look at, but there are many to choose from, both big and small. There's even a mining ETF (GDX) which attracts good daily volume, and holds pieces of many of the large-cap mining companies. So you can kind of spread yourself around within the sector, instead of just buying stock in a single company. Any thoughts on the miners, John?

I would also like John's thoughts on Paul Krugman's take on gold. [url]https://krugman.blogs.nytimes.com/2011/09/06/treasuries-tips-and-gold-wonkish/[/url] There is also a follow-up on bitcoins, which I found fascinating. [url]https://krugman.blogs.nytimes.com/2011/09/07/golden-cyberfetters/[/url] Opinions are welcome, especially from John, but I'm hoping any political comments can be kept to discussing policy instead of using pejoratives. Thanks :)

When is the last time Krugman has been right about anything ? I fade him.

The nice thing about that guy is that he is so self-serving and arrogant that he constantly makes references to when he was right in his blog posts, complete with links to when he said it. I've read his stuff for years (and there is a column archive going back to 1999 on the NYT site). He's right more often than would be random.

Yeah he's right! We need to spend a few more trillion on stimulus...... Remind me, what did we stimulated last time?

[QUOTE=joelshitshow;45989]The nice thing about that guy is that he is so self-serving and arrogant that he constantly makes references to when he was right in his blog posts, complete with links to when he said it. I've read his stuff for years (and there is a column archive going back to 1999 on the NYT site). He's right more often than would be random.[/QUOTE] I hope they print more money. It's bad for the USA, but great for holders of GOLD. How high will it go 3- 5 k per oz ?

I would love to here what Netto thinks of Keynesian versus Austrian Economics. Mr Netto, you know way more than I do about markets, just wanted to hear your thoughts.

Well, we are in The Field here. I'll let anthony decide if this gets too far off topic. If the money being borrowed is at near-zero interest rates, it's really not that big of a deal. Consumer spending is two-thirds of the economy, so if the money supply is lying around in a vault, it's not doing a bit of good. I feel that gold costs more because no one wants to use it, so it is creating a perceived scarcity. The concept of investing money in gold seems overblown, because since 2008 the market is way up AND gold is way up. I don't think that's just from money taken out of the housing market. Wealth doesn't just vanish.

Bump- Anyone know if he is still on here??