Opinion - Bank Of America: "Buy Gold!"

'Quantative Easing' means printing money which means inflation.

With bank deposit rates in the U.S. at low levels, and the rate of inflation threatening to be higher than that, small wonder that gold is perceived as a hedge against inflation

With the propery market showing little sign of recovery overall, and World sharemarkets still in decline, small wonder that holding gold seems to be so attractive.

Both of these factors have increased the demand for gold, which explains the real increase in it's price.

If the U.S. economy eventually gets growing again, people will move out of gold and back into the more traditional investments, including investing in their own businesses, if substantial profits can be seen over the long term.


For me? The numismatic value of the gold coins that I have is way over their bulliion price, and so they are just numismatic items, and hold equal significance to the coins of other metals in my collection.

PM prices may be going "up" but the underlying value of the PM is basically unchanged while the value of the purchasing medium is reverting to the underlying value of the medium it is "printed" on, either paper or electrons.

Yes I read this article as well. A relative of mine used to work for a small community bank. They never had all the derivatives as investments on their balance sheet BofA has loads of them as well as the other big banks. I can't understand how they do this

Well, I can. It's called pure unadulterated greed, IMO. Seems as if every time the banksters come up with some new whiz-bang (unregulated) financial product it works real well for a while and then blows up in their faces. In typical bankster fashion, they then want to socialize all of their losses while privatizing all of the profits. Stupidity SHOULD be its own reward. When it isn't, we tend to get more and more of it until the whole world is awash in it. Hey... wait a minute...

Simple, they want you to buy gold, put it in their safe deposit box, when the currency collapses they'll just take it from you.

I do, but I have no choice, my neighborhood is crap. It is interesting how the disclaimer for the safe deposit box says that we are not liable if we steal it from you, very interesting read I must say. It's no different than a temporary storage, they'll say do not store anything of value, laughable, and pitiful.

If stuff doesn't have any value, I don't need a safe deposit box for it.