The stock rose like crazy yesterday and reached a peak of 0.28 before going steady again at 0.21 close price. – penny stocks
That’s compared to paper or electronic money which isn’t rare, it is ‘perishable’ in that it can be erased by the click of a button, but it’s just as easy to produce more of it, also by the click of a button.
The one thing paper money has in common with gold is that it’s relatively [...]
Gold is Money
‘Gold is money and nothing else’ – JP Morgan, testifying to the Pujo Committee, 1913.
Gold’s recent breach of the symbolic US$1,000 level has elicited a predictable amount of commentary from mainstream analysts. The problem is, much of it is ill-informed. Due to the general amnesia of most market analysts, of all asset [...]
The gold buffs have not had a riveting time of late – well at least compared to equities. And gold stocks have not had such a great time either.
You can see from the chart below that the precious metal is going no-where:
click to enlarge
Having topped US$1008 on July 20 this year it has been locked [...]
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