Checking Account has better returns than Gold?

Not to keep harping on Gold, but this is an interesting article on Bloomberg: Gold Can’t Beat Checking Accounts 30 Years After Peak

Just some food for thought, next time you are thinking about purchasing some Gold.

Commodities 2009 Numbers - Gold isn't that amazing.

The following is a graph of major commodities' 2009 numbers.




Of note: copper is up 126%...while Gold (which has been the headliner) is only up 29.62%. Gold is always over-hyped and this proves it again. There was an interesting article (wish I remember where I read it), about the fact that when Dubai came forward with all their problems, the flight was actually to the US Dollar as opposed to gold. Interesting, given the plight of the dollar recently and the intense selling pressure it has had as opposed to the traditional "safe-haven" of gold.

Consumer Spending

This is an interesting chart on historical consumer spending.



Source: Flowing Data

Goldman Sachs' Estimates on Gold and more

Today, Goldman Sachs released their price forecasts on commodities, energy, and what everyone was really waiting for GOLD. Below are their forecasts.

There is No Housing Bubble

The beauty of the internet is that we can go back and research all the bad calls people have made, and that's exactly what this guy did. It is a compilation of Bernanke speaking on the economy and the housing market. what is that quote about, "An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today."

Nouriel Roubini is a fraud

When you are an eternal bear (or bull) you are bound to be right at some point, and people will claim you to be a guru, but this is just ridiculous. How can we ever take what he says seriously anymore with this kind of record now.

This is why being a "guru" only now means that he markets himself better than any other bear. The part I find most incredible is the guy doesn't even run a fund or anything, so he doesn't put his money where his mouth is...Nouriel Roubini is a fraud. Just like all other constant bears or bulls.





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