advice and buy a commodity when it was at it's highest price?

buy myself something. I'd like that.

As someone who is quite fond of jewelry, it's nice to know someone else is thinking the same way.

The current one drops the pendant down my blouse and into my cleavage -- not that I'm complaining, mind you!

thanks in large part to talking heads on right wing TV and radio pushing it at unsophisticated people.

Eventually, the price will fall. It has to, it has lost too much purchasing power, having far outstripped the inflation rate.

Gold bugs hope to keep the price high just long enough for inflation to catch up to it. That just hasn't happened, deflationary pressures have just been too strong.

Hartman did it in association with his book portending the crash of 2016.

Ad revenue is ad revenue as far as corporations are concerned and talking heads do the ads to get access, and paychecks.

We can no longer avoid it, the window to pass appropriate legislation was small and Congress was conservative. However, anyone who puts it on a timetable is a fool. These things always seem to come out of the blue because no one save a small circle of financiers will ever see it coming and half of them won't believe it.

FWIW, house "for sale" signs are almost at 2006 levels around here. I counted them on my way to the market today.

The Republicans would not agree to sufficient spending on items other than tax cuts. The Germans have forced austerity in Europe, too. Japan has been in bad shape for at least 20 years.

As a result, the only stimulus has come from unbelievably low interest rates from the Federal Reserve and other central banks sometimes coupled with buying back bonds and even stocks. All that does is inflate stock, bond and general asset prices.

In my view, corporations do not employ nearly enough people, and folks are forced to work harder for the same or less money. If corporations hired enough people so that everyone had a reasonable number of hours and paid them fairly, there would be demand for actual products and people would be more productive per hour of work.

Instead, we have many unemployed, many stressed out employees and very low demand.

It is not sustainable, but it will be propped up as long as possible. Of course, that will only make the next crash even worse.

In addition to the "for sale" signs, I've also noticed a definite increase in the number of "let me buy your house for CASH" come-ons I get in the mail. Either someone wants to put up a strip mall on the block or some plutocrat is betting on a strong rental and poor sales economy.

Sorry, guys, it's not much of a house, but it's all mine.

going to see 60-70% unemployment by 2020 due to technology upheaval.

Here are some examples of things that will take 20-30 million jobs out of our economy.

Reference:
Robot teacher conducts first class in Tokyo school.
http://www.telegraph.co.uk/technology/5311151/Robot-teacher-conducts-first-class-in-Tokyo-school.html

Autonomous-driving Volvo convoy takes road in Spain.
http://phys.org/news/2012-05-autonomous-driving-volvo-convoy-road-spain.html

In Sweden, a Cash-Free Future Nears.
http://www.nytimes.com/2015/12/27/business/international/in-sweden-a-cash-free-future-nears.html

Democratic party?

Because I like to know the timeline for these things...

They are still around.

be in play and I think I stated it could be.

That of course was before dumpbo made fun of a Gold Star mother.

Also I didn't blame Hillary for the all the economic outlets reporting the closing of big name box stores.

But her campaign better get ahead of this is big news, right at the beginning of back to school sales period.

And I have never been anything BUT truthful about it.

We have been warned for years that automation, technology etc will destroy jobs - yes it does, but more jobs are created - and usually better ones.

Would not hurt me a bit. Most people are cashless especially the young.

I'm still waiting.

You're nuts if you think that we're suddenly going to make many times the amount of progress in three years than we made in the five decades before.

I know of one such case exactly.

A prominent local OB/GYN retired a few years back - not rich, but quite comfortably. Widowed as he was, he remarried in 2010 and moved to the seashore.

His new wife, unfortunately, was a raving Glenn Beck-watching, Red Dawn-renting tea party type (and a real bigot); moreover she has a very dominant personality, while her husband is a gentle soul who's probably never raised his voice in his life.

Before long, she had him investing large sums in gold contracts and was sending everyone she knew (including yours truly) emails advising them to do likewise.

"If Obama's reelected," she warned, "we'll need to stock up on bullets and canned tomatoes too."

Well, Obama was reelected, the price of gold plummeted by 40% (but much more in the case of futures contracts), and our friend the good doctor had to move back and resume his practice.

I'm just glad it's something he loves doing, which pays very well besides. He's a real gentleman and didn't deserve this.

Hartmann has been on that gold selling kick for years now.

As they die out the price of it will drop. Gold fever is curable, I predict it'll eventually go the same way that silver did.

when President Trump goes to gild the White House.

of course.

doesn't make absolutely perfect sense?

cast of characters will probably be on food stamps soon thereafter since they seem to be barely hanging on.

it is a stopped clock kind of situation.

Whoever it is gets some recognition, and can then sell a few hundred thousand worth of investment advice newsletters for a while--until he gets it drastically wrong, and the new guru takes his place.

If this guy is so convinced that gold will drop from its current level of about $1335 to $700, then he should short ten thousand ounces for delivery in one year, and cash in his $6 million next August. Congratulations if he's right. Condolences on his ruin if he's wrong.

My bet? He's not going to risk a cent.

It's overpriced anyways. The economic conditions do not justify the cost of gold.
Plus, the reich wingers will rightfully get screwed when the price falls back to where it belongs.

listened to some of those Harvard economists I would be eating cat food today.

A German bank is already passing negative interest rates on to retail customers.

As that picks up speed in Europe and eventually the US, physical cash and PM's are going to become very popular.

Gold and silver do well in mattress money economies.

Paper gold vs physical gold is now leveraged somewhere around a ratio of 400-500 to 1. I predict in the near future that the paper price and physical price will decouple, with physical far outpacing the paper price.

...they are almost always wrong.

Throwing darts is usually more accurate than economist predictions. That's why they call it "the dismal science".

The fact that an economist, of all people, makes this prediction means they are incompetent in their field.

it won't be just fans of Beck and Rush who will be in trounble