Five reasons why gold is a BAD idea

Gold does have one irreplaceable value. It is the foundation that modern human civilization is built upon. Without it, we would have little to no semiconductor technology, and humanity would be relegated to a life style reminiscent of the late 19th-early 20th century. But no worries. There's plenty to go around for that application.

This is a perfect example of irresponsible & shoddy journalism mixed with a negative mental attitude, fear & a lack of understanding in economics! Your OPINIONS are just that - only opinions, and ignorant ones at that. #1 - "there is no inflation" - There is always inflation, sometimes it is high & sometimes it is low & inflation is not a bad thing - just like the deficit. #2 - "gold prices can be manipulated" - All commodities can be manipulated. #3 - "gold is in limited supply" - There is basic economic theory called SUPPLY & DEMAND - gold is a common commodity that adheres to this simple principle - when supply is low, demand becomes high, which increases the price. #4 "gold was dead for 20 years" - Huh? HELLO McFLY - Gold has been the basis for every form of currency throughought the HISTORY of mankind & "Investors generally buy gold for two main reasons: to financially gain from increasing gold prices, and/or as a hedge or safe haven against any economic, political, social or currency-based crises." (Wikipedia.com). #5 "the dollar is the global currency" - the dollar has devalued over the past 3 years and is no longer the strongest form of currency on the international market & is NOT automatically accepted as form of payment in all countries. Mr. Dlugosch - if you want to express your fears, go to church, but do not subject your lack of education & ignorance through the media!!

Jamie Dlugosch
To the above named. ARE YOU NUTS!!!
Paper is used now a days to wipe your a-ss
Gold shall be used to pay the US debts.
you can take paper and burn it and what do you have? ( nothing )...
You can burn gold and what shall you have? ( gold ) .. Wake up !!!

Reason # 1 is as far as I need to go to know that the writer is an idiot or a fool or, probably, BOTH. NO INFLATION??? HEE,HEE, HA. You have to be brain dead to believe a thing this disinformation specialist puts out.

Sounds like someone sold all their gold before the price went up. Jamie, you should stick to something you know about when writing articles. I on the other hand am very happy with the value of my gold that I bought a few years ago at less than $400 an ounce.

got in at 170 an oz. guess i'll hang on for another day or two

When someone begins their article with a statement like "I hate [fill in the blank] and everything it stands for," you can pretty much stop reading right there. You know what's coming: a completely biased, unsubstantiated rant driven by admitted hatred. Of what value is THAT?

If I wanted to listen to hateful, baseless emotional ranting, I'd have stayed married to my first husband.

Actually, Dave, Gold prices are not really affected by supply and demand. They are almost entirely manipulated by fear. Fear created by how the media irresponsibly reports "economic indicators". When they reported oil issues the price of oil skyrocketed only to come down when they got tired of reporting and found a new topic, "recession". If everyone actually paid attention to the economic indicators they would find no historical basis for the "recession" we are in. Look at history and compair: interest rates, fuel prices, home prices. There is no comparative basis. Peace...

Jamie Dlugosch (the writer of this fantasy tale) is a blithering idiot!!! The Bible...an ancient religious text...even says that Gold is one of the few things of true material value. What Mr Dlugosch, you want us to believe in something as temporary as you and this hollow paper economy!??? NO THANKS!! Word of God says Gold is good - that's good enough for me.

Yes, but without the gold to back up the dollar, our dollar is worth nothing. That's what's wrong now...the government has printed so "dollars" without the gold to back them up that the value of the dollar is becoming worthless. I agree that gold may, one day, not be considered the international currency, so hoarding it may not be the thing to do. But who really has an answer, in this economy, when everyone is frantically asking, "What should I do, now?"

Gold has out performed every investment this decade because of the massive printing of dollars.
All the gold in the world can be stored in two olympic size swimming pools. Gold will continue
its advance and and all the gold bears, who have been wrong the entire decade, will be wrong again.

Jamie Dlugosch, the author of this article, obviously has an agenda...

While I believe that gold is not a good idea as a short-term investment due to it's volitility, the time will come in the not to distant future when the "chickens will come home to roost" in respect to the irresponsible multi-trillion dollar deficits created by the Obama Administration and other tax and spend liberals.

When the day of reckoning comes (and it will come), the United States will experience the horrors of hyperinflation and the collapse of the U.S. Dollar. When that happens, wouldn't you rather have some gold in your portfolio than some worthless dollar demoninated investment?

Despite what the author of this article says, gold does have a place in your investment portfolio!

Every day this site sucks more and more.

You cannot triple the money supply in less than 1 year and not have a severe inflation problem eventually. Next year likely inflation will start going through the roof, and the only thing the fed will be able to do is increase interest rates like crazy, which will start another recession. Gold will do well as all this is happening.

Ya and that's why are own Gov't still stores and keeps gold at Ft. Knox. What a rediculous article. When banks keep closing every weekend because of worthless fiat paper money. Those who hold gold will be glad they own some gold the true currency that dates back centuries.

Gold is for doom and gloomers.

If you spent $1million dollars a day since the birth of Christ, it would not total the money that O'Mamba is creating out of nothing. It's Monopoly money that is selling our soul to the devil and he WILL come back to collect. But before he does we will see inflation. Gold has been, is today and always will be a highly respected commodity world-wide. Liberals are destroying America, one little Happy Meal at a time. However, when the day of reconing arrives the only thing that will be worth more than gold will be ammunition. It'll take a Kugerrand to buy a box of .22's.

To Alan Hills: ---- Bush already destroyed our economy and waged his never-ending illegal wars at our expense. He blew through the huge surplus left by Clinton and put us trillions more into debt. This whole thing was dumped into his lap by the failed Bush administration. Not everything he does will be perfect or correct, but letting the entire global economy fail is not an option. The Bush administration spent money like drunken sailors, and it was THAT administration that also started the bank bailouts. You want to blame Obama for the wart on your nose or that interest rates on our savings is now non-existent?? Try again, buddy. My biggest complaint is that President Obama kept too many Bush people and that sends out danger signals and failure.

Gee Alan, The same thing can be said for the cost of GWB's War on Terror. Hows that going for you? How was that paid for?? Oh thats right - borrowing from the Chinese while we set up our petroleum industries corporate offices in tax exempt countries like Dubai. protected by our armed forces, of course. Please...If you want to criticize the current administration, please tell us how well the previous one did with that balanced budget and surplus they had when they first showed up

Why do all these "gold is going nowhere" articles appear when gold dips into the 800's. Why don't any of them appear when gold breaks 1,000?

YEAH YEAH 887.00 an ounce is a bad idea. LMAOL . Is this another one of those online degree economists analysts speaking the ones saying the recession will end in September? and to also jump into the stock market.