“I expect gold to double. At least to double,” says Adam Gold, a Brooklyn filmmaker, who’s at the East Village bar Arlo and Esme, mingling at a meet up event with fellow supporters of Texas congressman Ron Paul. Paul is a big fan of gold and believes ever since the U.S. went off the gold standard in the 1970s, the government has been able to print money “out of thin air,” eroding the value of the dollar. Adam Gold invests in the yellow metal through a broker, who holds it on the filmmaker’s behalf in vaults around the country. “I’m not yet to the point, although I may well get there, where I actually physically hold the gold in a safe in my apartment,” Gold says. Cris Rodriguez, on the other hand, does keep his gold nearby, at an undisclosed location. The 29-year-old NYU graduate, who works in music production, says every three months he scrapes together enough money to buy coins directly from gold dealers in Manhattan. “I don’t have a tremendous amount of money to invest but I’d rather start off as a base owning the physical gold,” Rodriguez says. [WNYC via DI]
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
“Taxi drivers told you what to buy. The shoeshine boy could give you a summary of the day’s financial news as he worked with rag and polish. An old beggar who regularly patrolled the street in front of my office now gave me tips and, I suppose, spent the money I and others gave him in the market. My cook had a brokerage account and followed the ticker closely. Her paper profits were quickly blown away in the gale of 1929.”
I smell a bubble!!! Hebrew Hipsters and Spicorican Singers are usually the last ones in!
Bernanke admitted to congress he cannot explain the move in gold (+350% since 1/2000). compare to 1929 at your own peril. although i admit it is concerning to see these dipshits on the same side.
Always fresh meat.
I do not consider it a good day until I have smashed a hipster in the face with a parking cone.
I think I could pull off skinny jeans.
Also, is the name a reference to southern delaware?
“It gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.” -Warren Buffett
Gold is the new 93 Detlef Schrempf Sonics jersey?
Smoke and a pancake? Cigar and a waffle? Pipe and a crepe? Bong and a blintz?
It is a reference to those unlucky souls who GS buses to upstate New York.
I be investing in that bling too, got me some sick chainz which I hold with my pawn broker. ‘Cuz money never sleeps fool!
Joe Kennedy or Jesse Livermore?
To be fair, the quotes in TFA come from a Ron Paul meetup.
I wonder what someone from Mars would make of Warren Buffett desperately pimping equities given Berkshire’s derviative bet.
Just because idiots are buying doesn’t mean its a bubble (yet). Institutions are way underallocated to gold.
Pretty appropriate quote.
-guy who has been long gold since 2003 and thinks that if hipsters are now getting in on this then the top must be getting awfully close, time-wise
1. the UAE gold brick vending machine
2. Hipsters <3 Gold
Only thing left is a BW cover story for top to form.
I only buy gold bars with Balinese dancers on them
You cannot print more gold
don’t forget about cash4gold
Bernard Baruch
Bernard Baruch
haha reminds me of that 1010 wins commerical: “…during the Great Depression, people invest in gold…did you know that a recent hoard of U.S. gold-minted coins was recently discovered in Europe? Number to call is….”
Serious question: What is the most valuable practical application of gold for which there is no substitute?
Mike Tyson’s Toilet?
http://www.sojones.com/wordpress/wp-content/uploads/2009/03/t-pain-gold-grillz.jpg
Believe it’s used in electronics.
can’t eat it either
Hi this is a friend of Adam Gold — I’m supposed to crash on his couch tonight but I left my cell-phone in LA; does anybody have his address?
You can not manufacture more land either yet there have been bubbles in real estate.
Indian weddings/Jewelry
248 McKibbin St.
Brooklyn, NY 11206
it helps old guys get laid with russian models
gold is an alternative to paper currency which is created at the push of a button. the decade long rally is a reflection of govt dollar debasement.
seriously? you ahve to ask??
see: lloyd, scrot, gold etc
A man named Rodriguez loves gold. No shit.
The said gold was in a bubble at 400 an ounce.
electromagnetic and radio shielding. and electronics as a conductor. though those are really just different sides of the same coin.
essentially without gold you won’t be putting anything in space, you won’t ever win a war, and you will be stuck with a slide-rule, a phonograph, and mercury-riddled teeth.
electromagnetic and radio shielding. and electronics as a conductor. though those are really just different sides of the same coin.
essentially without gold you won’t be putting anything in space, you won’t ever win a war, and you will be stuck with a slide-rule, a phonograph, and mercury-riddled teeth.
Gold was used for currency and currency value for how long as opposed to fiat
I like how it’s really tied to anti counterfeiting technologies. Pretty sure no one in 1166 had the fancy watermarks and holograms we do now…
okay just caught the giant Drudge “GOLD RECORD” headline- better than BW. top has formed.
Then “they” must always be wrong and gold will never be a bubble. Phew.
And sheep was used for even longer. Are you also going long Merino?
How about those Russian Gold coins? How likes their gold with a little bit of rust…errr age added?
as others have mentioned, it’s used in electronics where you need something with good conductivity that will never corrode. Copper is cheaper and more conductive (hence its common use), but only gold won’t corrode
as others have mentioned, it’s used in electronics where you need something with good conductivity that will never corrode. Copper is cheaper and more conductive (hence its common use), but only gold won’t corrode
I gotta gold horn dat I wear around my neck. Da horn gives me insights, great insights. I see things.
- CG
I gotta gold horn dat I wear around my neck. Da horn gives me insights, great insights. I see things.
- CG
I believe it is an old wooden ship
Google “currency debasement” and tell me why gold currency never uses value.
Wrap a turd in gold foil and sell it to a hipster!
How bout those island things in Dubai?
“It gets pressed from trees from Malaysia, or someplace. Then we print someone’s picture on it, dig another nole, bury it again and pay people to stand around guarding it. It has no more utility than any other piece of paper. Anyone watching from Mars would be scratching their head.”
You’re also an expert in bird law, aren’t you?
If they’re Christian birds, yes.
But those things are denominated in currency that is printed – and which will have to be printed en masse. . .
Gold bugs: brought here by the obsessive googling that characterizes the Ron Paul internet army or native cretins?
Contrarian Indicator. Short.
Way to plant a story, goldbugs. Next time please think of a better name for your protagonist than “Adam Gold”.
Selling those coins is freakin genius. Hipsters don’t stop to check what the spot price is before paying 30% over the odds.
It’s like sellside analysts pre-Spitzer: “it’s a great company so you should buy it”, “but is it good value at the price”, “Que?”.