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Motley Fool Hidden Gems Investing

Motley Fool Money: 09.10.2010

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 10 September 2010

⏱️ 39 minutes

🧾️ Download transcript

Summary

Can Google Instant find success? What do Apple's new apps guidelines mean for investors? Can money buy happiness? On this week's show, we tackle those questions and talk with CNBC anchor Maria Bartiromo about her new book, The Weekend That Changed Wall Street.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Everybody needs money. That's why they call it money.

0:10.0

From full global headquarters, this is Motley Fool Money.

0:19.0

Welcome to the show. Thanks for being here. I'm your host Chris Hill, and I'm joined by Motley Fool,

0:23.0

senior analyst Seth Jason, James Early, and Charlie Travers.

0:27.0

Good to see you. Good to see you Chris. Big show this week. Maria Bartiromo from CNBC is our guest this week.

0:33.0

She's got a new book out. We got a lot to get to including the latest from Apple, Amazon, Best Buy, and Oracle.

0:39.0

But we begin with the big macro. On Friday, the government reported that wholesale inventories in July increased by their largest amount in two years.

0:48.0

Earlier in the week, the number of people filing for unemployment benefits was listed to be lower than expected.

0:54.0

And also earlier in the week, the price of gold hit an all-time high and more than $1,260 an ounce.

1:01.0

Seth Jason, what's your headline this week?

1:04.0

Wow, let's start with the two snoozers at the beginning. Actually, the unemployment numbers, the claims number, which surprised people, was a little bit interesting.

1:12.0

Now, that may be a result of the fact that with the recent holiday, the bureaucrats out there couldn't crunch enough numbers to get the full data in.

1:21.0

But if it's true that we've got unemployment claims dropping slightly, a little bit better than expected, we'll always take not horrible economic news these days.

1:31.0

And that's the new good is not horrible. James Hurley?

1:34.0

Chris, I'm going with gold at a new high. I'm thinking I pulled those gold teeth out of my mouth and sold them too soon.

1:40.0

I do think there's merit in the gold view to some degree in that we do a very unstable global economy.

1:47.0

But for the record, gold does not really investment. It's more of a store of value. And the big problem is that nobody knows how to price it.

1:54.0

In other words, it's a default.

1:56.0

But I'm afraid, so right now I should buy gold, right?

1:59.0

That's the question.

2:00.0

But MC Hammer apparently knows how to price it as we've discussed before, which is cash for gold business that is apparently doing phenomenally well.

2:07.0

So I'm a little bitter about that, but I don't know.

...

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