Replies to post #153167 on Zeev's Turnips Patch-No Politics (ZEEV)

[ardent jd]

Zeev

Adam Hamilton at Zeal offers one of the better arguments for the gold bulls IMO - negative real rates.

http://www.zealllc.com/essays.htm

For those who don't want to take the time (takes forever to load and is quite verbose), I'll summarize: real interest rates (1-year Treasury minus cpi) are currently negative. As long as bond investors are virtually guaranteed a negative rate of return, especially after taxes, money will flow to gold, which at least can be expected to keep up with inflation in the long term.

[Paul A]

Of course in all fairness Zeev, both you and Mr DVD Mogul (who feels everyone is so far below him he only posts here for your sake as he stated a few weeks ago) warned people well over a year ago to avoid gold at much lower prices.

Gold bulls have done extremely well right up to Fridays close once again over $380- a much better investment than equities it would seem..

Anyhow- just pointing out the obvious..