James Turk : what would you rather own – gold or the dollar?” Or the euro?

James Turk :  “It is very important that demand in Asia for physical metal has reappeared,” “I continue to be amazed how the Asian buying adjust so quickly to the rising gold price.” “Clearly people are worried about the train leaving the station without them, so demand for physical metal adjusts quickly to the reality of higher prices,” “After all, what would you rather own – gold or the dollar?” Or the euro? " - in www.beaconequity.com

Peter Schiff on the DOW vs Gold Ratio

Peter Schiff : "If you look at the value of U.S. stocks in terms of gold, the Dow peaked in 2000 at about 43 ounces. We're now at barely 7 ounces of gold for the Dow [7 x $1650 = 11,550]. Ultimately, I think we see that ratio come down closer to 1 to 1," he says. That would require either much more Dow decline, a lot more gold gains, or some combination of the two. Just playing with some numbers here, if gold and the Dow Industrials both had 75% respective gains and losses from their current levels (approx. $1650/11,550), we'd be looking at $2887 to reach a 1-to-1 Gold-to-DJIA ratio. You can run your own scenarios, but the mere thought of that is chilling. - in Yahoo Finance





Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

Marc Faber : My favorite investment remains Gold

Marc Faber : “So, you are probably better off in equities than in bonds. My favorite investment remains gold. As it happens, the gold price is coming down, and I hope it will drop $100 or $200. Not necessarily a prediction. I think we will go down in a correction because there has been too much enthusiasm recently.” - in Bloomberg


 
Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)