tag:blogger.com,1999:blog-1341105382602182419.post4445925382272430358..comments2023-10-25T08:42:15.125-07:00Comments on Economist/Banker: WHY GOLD IS A SAFE INVESTMENT ? FROM BLOOMBERGShan Saeedhttp://www.blogger.com/profile/02787485287146561831noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1341105382602182419.post-61489669232051962662010-08-12T09:18:20.030-07:002010-08-12T09:18:20.030-07:00Hi Shan,
Have you considered sending your writing...Hi Shan,<br /><br />Have you considered sending your writings to the New York Enterprise Report? (Twitter: @nyreport) They might be interested in an article based on one or more of your blog posts. Just a thought. Their website is www.nyreport.com<br /><br />Best,<br /><br />KatharineKatharine Biercehttps://www.blogger.com/profile/03604424490616158859noreply@blogger.comtag:blogger.com,1999:blog-1341105382602182419.post-15303677961710792932010-08-11T13:50:43.878-07:002010-08-11T13:50:43.878-07:00The stock market crash of 1929 became the major gl...The stock market crash of 1929 became the major global economic and financial crisis. Many remember that time now and have tried to re-explain to compare with what is happening nowadays. I, personally, think that the USA’s hard and painful experience of the past has been the upgrading factor, for the USA, to deal the crisis-conflict with efficiently. In Spain, it seems that we don’t learn from the past experiences and the problem remains for long not-desirable time, instead of making good efforts to encourage Spanish Economy.<br /><br />In the case of GOLD, in Spain, some business experts think, that “Gold Business” seems a good deal but it reminds and “dangerous” looks like another “Tulip Market Crash” like in the sixteenth century in The Netherlands.<br /><br />Speculative euphoria sparked by the tulip. Thus, the Dutchmen were crazy about the flower that would make them go down in history, and they came to pay exorbitant prices. The tulips reached Western Europe in the late sixteenth century, and initially were not too popular, because in its natural state is not a particularly attractive flower. However, after being hit by a virus, began to emerge a variety of colors and a means, ironically, more enjoyable, leading to a growing interest in them. It is clear that for situations like these happen, the economic and social climate must be conducive, and that was that the buoyant economic situation in the Netherlands, because of its large business, did the rest, and early seventeenth century, the bulbs tulip became collectors' items. The problem was that the production of tulips could not grow the same way to meet growing demand. We have to wait seven years to get a tulip from the moment the seed is planted. And while the bulbs can produce two or three clones annually, the mother bulb lasts only a few years. In this context, prices rose steadily during the decade of 1630, each time more speculators entered the market, even the common people were people who came to mortgage their houses to invent in the market. In 1633, a farm in Hoorn was exchanged for three special bulbs. With the craze generated by the new big deal, futures market for bulbs were created, selling only tulips that had just been planted and in some cases not even. Purchases and sales in this market were held in taverns, never took place at the Amsterdam Stock Exchange, but ran outside the formal economy. <br /><br />In 1637, 5 February, a set of 99 tulips of great rarity was sold for 90,000 guilders: it was the last big sale of tulips. The next day half a kilo priced 1,250 guilders no buyer found. Then the bubble burst. Prices fell and there was no way to recover the investment worldwide, no one was buying. They had committed huge debts to buy flowers now worthless. Bankruptcies succeeded and affected all social classes. The Netherland’s Economy ended in bankruptcy. <br /><br /><br />(Any resemblance to today maybe no coincidence …...) Thanks Shan for your writings!<br /><br />Regards,<br /><br /><br />María Eugenia Escudero Ugarte<br />August 11, 2010<br />Málaga (Spain)ME Escuderohttps://www.blogger.com/profile/04984880406520622861noreply@blogger.com