Streams

Underreported: The Golden Bubble?

Thursday, October 08, 2009

The price of gold has been reaching record highs this week. On today’s second Underreported, Fortune’s Scott Cendrowski explains why investors are turning to gold and what that says about the global financial markets.

You can read his article on gold here.

Guests:

Scott Cendrowski

Comments [4]

gilded gilda from vietnam

...Fortune pays him to explains market incidents to their readers?? Im sorry Leonard, I know you're trying very hard to get your guest to speak coherently and lucidly....but SCOTT is horrible. He explains nothing. Maybe it's worth all our time for your team to do some research of suitable guests who can actually "perform" on the radio. Unlike newspapers, you cant delete badly stated comments or incoherent thoughts.

Oct. 08 2009 02:01 PM
Calls'em As I Sees'em from "McLean, VA"

Lenny, The Bama is printing money and has already devalued the dollar by 20-30%. "Heck of a job Barry." People want something more stable than the dollar, real estate or the stock market especially after the Bama wrecked the banking and auto industry and is trying to wreck the medical industry as well. Other countries as well as US citizens are frightened by the Bama's gross mismanagement of fiscal policy. Oil prices are much higher then they should be because Obama has devalued the dollar. If the guest is correct then the additional mining of gold and the selling of old gold should greatly reduce the price. He seemed to say the opposite or did I miss something.

Oct. 08 2009 01:59 PM
Richard Johnston from Upper West Side

Youngsters like Mr. Cendrowski often forget that the $850 price of gold in January 1981, indexed for inflation alone, would be $2020 in present dollars. Gold is purely for speculation, not for long-term investment.

Oct. 08 2009 01:49 PM
Tony from San Jose, CA

Humm, the Fed printed trillions of dollars Zimbabwe-style, isn't it a good idea to hoard hard currencies?

Oct. 08 2009 01:08 PM

Leave a Comment

Email addresses are required but never displayed.

The Morning Brief

Enter your email address and we’ll send you our top 5 stories every day, plus breaking news and weather.