心理黑暗了罢.
不过俺查了一下你的记录, 你好象对买GOLD的人很有敌意. 那你为什么自己又买呢.
My final take on gold and goldbugs
来源: dividend_growth 于 07-08-14 15:12:54 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
There is a great chance that central banks and governments are going to pump up money supply to overcome the current liquidity crisis. Commodities will naturally be the biggest beneficiary, and gold may join the rally.
However, gold is an useless item whose value is solely based on people's perception, and production of gold is consistently outstripping demand. In a word, there is little economic fundamentals to invest in gold. Technical traders may jump on board for a quick profit, but this approach is COMPLETELY unsuitable for most investors with full time jobs.
There are plenty of other great commodities to invest in. To invest in oil, USO or DBE are too decent ETFs; to invest in agriculture, DBA is the solution; to invest in industrial metals, DBB is good. I spoke out against USO a while ago because of the contango issue, but the situation has changed to backwardation in recent months and owning USO is actually very beneficial. If you really want to dabble in precious metals, GLD (gold) and SLV (silver) are imho the best choices.
Goldbugs, on the hand, are a group of people who believe in the return to gold standard (the economic dark age), who want the society to experience a great depression every other 10 years, who like to see half of the banks failing during each depression, who enjoy watching lines forming outside soup kitchens, while gloating all the time hoarding their preciousssss gold. 在中文里，这就是最典型幸灾乐祸的一群人。到时候这种人该不该拉出来批斗？
Gold is shit
来源: dividend_growth 于 07-08-14 10:25:42 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
回答: Not intend to insult central bankers' intelligence 由 Aceofspades 于 2007-08-14 09:35:22
It's useless, except in the minds of goldbugs.
If inflation strikes, gold will be the worst performer of all commodities.
Bag holders from 1980 are still sitting at 25% nominal loss and 75% real loss. Even the idiots who bought in 1987 after the crash were down 40% in real terms. Let them suffer, I say!
不过俺查了一下你的记录, 你好象对买GOLD的人很有敌意. 那你为什么自己又买呢.
My final take on gold and goldbugs
来源: dividend_growth 于 07-08-14 15:12:54 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
There is a great chance that central banks and governments are going to pump up money supply to overcome the current liquidity crisis. Commodities will naturally be the biggest beneficiary, and gold may join the rally.
However, gold is an useless item whose value is solely based on people's perception, and production of gold is consistently outstripping demand. In a word, there is little economic fundamentals to invest in gold. Technical traders may jump on board for a quick profit, but this approach is COMPLETELY unsuitable for most investors with full time jobs.
There are plenty of other great commodities to invest in. To invest in oil, USO or DBE are too decent ETFs; to invest in agriculture, DBA is the solution; to invest in industrial metals, DBB is good. I spoke out against USO a while ago because of the contango issue, but the situation has changed to backwardation in recent months and owning USO is actually very beneficial. If you really want to dabble in precious metals, GLD (gold) and SLV (silver) are imho the best choices.
Goldbugs, on the hand, are a group of people who believe in the return to gold standard (the economic dark age), who want the society to experience a great depression every other 10 years, who like to see half of the banks failing during each depression, who enjoy watching lines forming outside soup kitchens, while gloating all the time hoarding their preciousssss gold. 在中文里，这就是最典型幸灾乐祸的一群人。到时候这种人该不该拉出来批斗？
Gold is shit
来源: dividend_growth 于 07-08-14 10:25:42 [档案] [博客] [旧帖] [转至博客] [给我悄悄话]
回答: Not intend to insult central bankers' intelligence 由 Aceofspades 于 2007-08-14 09:35:22
It's useless, except in the minds of goldbugs.
If inflation strikes, gold will be the worst performer of all commodities.
Bag holders from 1980 are still sitting at 25% nominal loss and 75% real loss. Even the idiots who bought in 1987 after the crash were down 40% in real terms. Let them suffer, I say!
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