INSIGHT-Gold Mine: Links and tweets from around the Web

By Beth Pinsker

NEW YORK Aug 8 (Reuters) - One consequence of the stock market decline is that everyone is talking about investing in gold as it hits record highs. But what are they saying?

A quick trip around the Web today came up with a treasure trove of things to think about, from advice on what to do now, to historical perspectives to funny tweets. There's analysis that says gold will go up, there's analysis that says gold will go down. And there are worldwide repercussions that you might not have ever considered.

Here's a sampling:

From the anti-gold crowd, there's Roland Gribben, writing in the London Telegraph that this gold rush is nothing new and there shouldn't be such a frenzy (r.reuters.com/nac23s), and Alexander Green, Investment U's chief investment strategist, writing in ETF Daily News that gold and silver investors are losing their minds (link.reuters.com/pac23s). And then there are true contrarians, like Gary Noth writing on LewRockwell.com, that all the experts telling you how to invest in gold, or why to invest in gold, are not worth listening to (link.reuters.com/qac23s).

Among those bullish on gold are the powers that be at JPMorgan Chase (JPM.N: Quote), which issued an advisory predicting that gold will hit $2,500 by the end of the year (link.reuters.com/rac23s). There's also analysis from the Autochartists Team at FXStreet.com that shows gold continuing to go up (link.reuters.com/sac23s). And then there are reports like Maike Currie's in InvestorsChronicle.co.uk that explain why "the sky's the limit" (link.reuters.com/tac23s).

For historical perspective, there's a link to an Alan Greenspan essay on gold from 1966 that was first published in Ayn Rand's "Objectivist" newsletter titled "Gold and Economic Freedom" (link.reuters.com/vac23s). It's mostly a defense of the gold standard, but it includes gems like: "Deficit spending is simply a scheme for the confiscation of wealth."

As for unintended consequences of gold and uses of gold that you might not have thought of, there's an article on the "Consequences of high gold prices on weddings in Pakistan" (bit.ly/raYmVT) and one on gold-plated contact lenses that are now, even more, the folly of the rich (link.reuters.com/wac23s). And for anyone considering wedding bands, there's the statistical note that now gold is as valuable as platinum (link.reuters.com/zac23s).

As for witty remarks, Twitter is full of them. Here are a few of ours: