Gold

euroboom13

hhhmmmm it is strange even when good advise is proven correct how some people still like to make out what they were told was totally unfounded and easy to ignore....the future is bright!:)for few.....at lasts all the village idiots are in the one place ..GOLD......good luck

DarkDusk

euroboom13 wrote: »

hhhmmmm it is strange even when good advise is proven correct how some people still like to make out what they were told was totally unfounded and easy to ignore....the future is bright!:)for few.....at lasts all the village idiots are in the one place ..GOLD......good luck

Yes, you were correct about the recent drop in PM's. However, the people in this thread are more interested in protecting their wealth for the medium to long-term. Your advice would have been applauded on a traders thread/forum but this is not the thread for that.

Cute Hoor

DarkDusk wrote: »

However, the people in this thread are more interested in protecting their wealth for the medium to long-term.

If people on this thread are more interested in protecting their wealth for the medium to long-term, why oh why were they buying silver (or gold) 8 months ago at 50% more than it would cost them now (and enthusiastically encouraging others to follow suit). Am I missing something?

euroboom13

DarkDusk wrote: »

Yes, you were correct about the recent drop in PM's. However, the people in this thread are more interested in protecting their wealth for the medium to long-term. Your advice would have been applauded on a traders thread/forum but this is not the thread for that.

short term = loss
medium term down=loss
long term = up ....if you bought @>$1200 up

protect your wealth by avoiding high prices ,where ever they pop up and taking advantage of lows.....let the queen worry about real wealth preservation,trying to preserve any wealth less than 5k /10k,aint worth taking out of the bank....you will never get any real wealth ,without taking real risk...real risk is doing what most ridicule and sticking with it regardless!!
High risk ,high return ,isnt always as risky ,if you see a rebound ,on previously loved stock!!!

or buy gold ,i couldnt care less....."euro equity boom 2013"

Roonbox

euroboom13 wrote: »

hhhmmmm it is strange even when good advise is proven correct how some people still like to make out what they were told was totally unfounded and easy to ignore....the future is bright!:)for few.....at lasts all the village idiots are in the one place ..GOLD......good luck

Gold has been up for 12 years in a row, I hope your position wasnt a long term one, you are in for your first correct year in 13.

Roonbox

Cute Hoor wrote: »

If people on this thread are more interested in protecting their wealth for the medium to long-term, why oh why were they buying silver (or gold) 8 months ago at 50% more than it would cost them now (and enthusiastically encouraging others to follow suit). Am I missing something?

You are living in the past.

worded

Cute Hoor wrote: »

If people on this thread are more interested in protecting their wealth for the medium to long-term, why oh why were they buying silver (or gold) 8 months ago at 50% more than it would cost them now (and enthusiastically encouraging others to follow suit). Am I missing something?

Do you have crystal balls?

Cute Hoor

worded wrote: »

Do you have crystal balls?

Just the ordinary ones as far as I know (but thankfully both still working).

The reason that I point out (to DarkDusk) the nearly 50% drop in the last 8 months approx is because of the definitive ebullient statements he/she made back then. Here are a couple of examples: 'If Obama is elected, silver will rise above 35$', 'I'm very surprised that I called the bottom so accurately', 'An even better opportunity to buy (physical)', there is no IN MY OPINION or IT IS MY BELIEF in those statements, and he/she is still making pretty much similar definitive statements.

Now back then I had no idea what was going to happen to the price of Silver, maybe it was going to go to the $150 predicted or maybe it was going to tank to the 50% it subsequently did, I simply didn't have a clue.

Today I have no idea what is going to happen to the price of Silver, maybe it is going to go to the $150 predicted or maybe it is going to tank by another 50%, I simply don't have a clue.

I find it difficult enough to predict what I will be doing this afternoon.

SyntonFenix

euroboom13 wrote: »

hhhmmmm it is strange even when good advise is proven correct how some people still like to make out what they were told was totally unfounded and easy to ignore....the future is bright!:)for few.....at lasts all the village idiots are in the one place ..GOLD......good luck

You've resorted to name calling and condescending remarks on other peoples valid and factually based opinions.

Your posts continue to show your lack of common sense, common courtesy to others and basic grammar.

I still believe this is just a major correction before a sharp rise in the gold price. Why do I think that? For the following reasons;

• QE in countries throughout the world (at least 30 countries apparently)
• Sovereign debt
• The slowdown of gold production due to low price of gold
• Currency debasement
• Potential hyperinflation
• Unallocated gold securities, ETFs etc.
• Gold stockpiling by central banks
• Historical storage of wealth
• Historical hedge against financial uncertainty
• A form of currency and money for thousands of years

What you, and other anti-gold people like you, are failing miserably at, is disproving all the above points.

MythicalMadMan

Not sure I'm allowed post other sites here but I will post 25 on this thread might be interesting to the current debate going on here...
I'm not really in either camp and usually lurk but I enjoy the good debates..


https://bitcointalk.org/index.php?topic=228351.msg2407125#msg2407125

SyntonFenix

euroboom13 wrote: »

short term = loss
medium term down=loss
long term = up ....if you bought @>$1200 up

If you bought at greater than $1,200?

euroboom13 wrote: »

protect your wealth by avoiding high prices ,where ever they pop up and taking advantage of lows.....let the queen worry about real wealth preservation,

You're disregarding peoples choice to play it safe and preserve their wealth, rather than gamble it with riskier investments. You blatently telling people that they are wrong in this instance. Can you see the arrogance in that?

euroboom13 wrote: »

trying to preserve any wealth less than 5k /10k,aint worth taking out of the bank....you will never get any real wealth ,without taking real risk...

euroboom13 wrote: »

real risk is doing what most ridicule and sticking with it regardless!!

Oh right, like investing in gold?

euroboom13 wrote: »

High risk ,high return ,isnt always as risky ,if you see a rebound ,on previously loved stock!!! or buy gold ,i couldnt care less....."euro equity boom 2013"

I would strongly recommend you have a look at the video below. It's by a professional trader who comments on gold/silver prices, who's been around the block, keeps an eye on what's going on around the world and, most importantly, backs up his claims with facts and figures.

https://www.youtube.com/watch?v=4Jre3YINAbg

Mahou

Good to see Jim Comiskey is still doing his metal reports. I remember him from his MF Global days. I trust most people here know the MF Global story where client funds were transferred into MF´s account and all the clients money was gambled away. Ex Goldman Sachs CEO and U.S. politician John Corzine was in charge at the time.

DarkDusk

Just came across this and I have to say I quite enjoyed it, Cash vs Gold:

delux

Just came across this and I have to say I quite enjoyed it, Cash vs Gold:

it says gold is used in consumer products. The company i work for used it for over 20 years but we changed to an alternative recently because the price of gold had become too high. It wasn't viable to keep using it. I know some of our competitors have moved over too.

DarkDusk

delux wrote: »

it says gold is used in consumer products. The company i work for used it for over 20 years but we changed to an alternative recently because the price of gold had become too high. It wasn't viable to keep using it. I know some of our competitors have moved over too.

To what? Silver?

SyntonFenix

https://www.youtube.com/watch?v=ySd1wH7A6HE

DarkDusk

I actually can't wait until September to see what action the Fed will make regarding monetary policy, should be very interesting...

DarkDusk

Very interesting analysis. This is what I've been saying for ages now. We are seeing inflation in stocks and bonds at the moment and when it starts to leak out it always finds its way into commodities. I've said this time and time again in this forum and now this is the graph to prove it.



A little thing every person should heed to: money always finds its way from overvalued to undervalued assets. There is a LONG way to go with bonds yet, the inflation is going to be enormous.

DarkDusk

http://rt.com/shows/keiser-report/episode-476-max-keiser-641/

Go to 15:24 min to listen to a great discussion about gold.

DarkDusk

Just did some reading and found out that the last time GOFO went negative was Novemeber 2008, just after the gold bottom came to an end and then soared to nearly $2000. The last time before this was back in 2000 when everyone started to buy gold.

A huge gold storm could be coming, get ready!

gordongekko

DarkDusk wrote: »

Just did some reading and found out that the last time GOFO went negative was Novemeber 2008, just after the gold bottom came to an end and then soared to nearly $2000. The last time before this was back in 2000 when everyone started to buy gold.

A huge gold storm could be coming, get ready!

the fundamentals seem a lot different now than during either of those periods mentioned. There are some heavily indebted miners out there. When the market smells weakness it often goes for the kill. It would not surprise me if we see further weakness in gold prices.

DarkDusk

gordongekko wrote: »

the fundamentals seem a lot different now than during either of those periods mentioned. There are some heavily indebted miners out there. When the market smells weakness it often goes for the kill. It would not surprise me if we see further weakness in gold prices.

That's the miners problem, not the commodities. If the miners are in trouble I think that is more so bullish for gold because it may slow down supplies. Obviously, we could see some more selling but if you look at the market objectively you can see that nearly all the sellers are gone right now and all there is is potential buyers.

gordongekko

DarkDusk wrote: »

That's the miners problem, not the commodities. If the miners are in trouble I think that is more so bullish for gold because it may slow down supplies. Obviously, we could see some more selling but if you look at the market objectively you can see that nearly all the sellers are gone right now and all there is is potential buyers.

you cannot talk about gold without talking about miners. There is very little elasticity of supply in the gold market. The only way to change this is to force the price down not up.

worded

DarkDusk wrote: »

Just did some reading and found out that the last time GOFO went negative was Novemeber 2008, just after the gold bottom came to an end and then soared to nearly $2000. The last time before this was back in 2000 when everyone started to buy gold.

A huge gold storm could be coming, get ready!

When do t

worded

DarkDusk wrote: »

Just did some reading and found out that the last time GOFO went negative was Novemeber 2008, just after the gold bottom came to an end and then soared to nearly $2000. The last time before this was back in 2000 when everyone started to buy gold.

A huge gold storm could be coming, get ready!

When do u predict the storm to start ?

DarkDusk

worded wrote: »

When do u predict the storm to start ?

I wouldn't be surprised if it started within a month but I think we are going to see big gains in metals before the end of September. A lot of EU trouble around the corner, German elections etc.

gordongekko

DarkDusk wrote: »

I wouldn't be surprised if it started within a month but I think we are going to see big gains in metals before the end of September. A lot of EU trouble around the corner, German elections etc.

do I need to buy a tin foil hat?

SyntonFenix

gordongekko wrote: »

do I need to buy a tin foil hat?

I'll sell you my tin foil hat for the knock down price of 1oz of gold.

Good discussion about the mortgage debt in this country, from around 20 minutes onwards:

http://www.tv3.ie/3player/show/41/66164/1/Tonight-with-Vincent-Browne

Some related articles from Zero Hedge;

http://www.zerohedge.com/news/2013-07-27/gold-and-endgame-inflationary-deflation

http://www.zerohedge.com/news/2013-07-26/marc-faber-its-gonna-end-one-day-through-war-or-financial-collapse

euroboom13

That storm thats coming, is without any hesitation, a further collaspe in GOLD..

Please ,do yourself a massive favour and stay on the fence,for this one!

You are being influenced incorrectly.

SyntonFenix

euroboom13 wrote: »

That storm thats coming, is without any hesitation, a further collaspe in GOLD..

Please ,do yourself a massive favour and stay on the fence,for this one!

You are being influenced incorrectly.

When you say sit on the fence, who are you talking about? Everyone? Traders? Investors?

The "storm" you mention is a manipulated correction. The gold price isn't in a free market, no where near. You have central banks in countries moving physical gold around, leasing it, hoarding it and not disclosing how much they have.

Gold mining stocks and mining companies taking a battering can only mean one thing in the future and that is an increase in gold prices. I'm using basic supply and demand theory.