Gold

euroboom13 · 31-07-2013 03:05PM

SyntonFenix wrote: »

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.

1)i am telling anyone whos capitol will be effected by a price decline to "sit on the Fence" or exit gold till things settle.
2)Someone else mention "storm" as gold price increase,i merely warned that it is going to continue falling!.
3)Supply will increase when price falls.

worded · 31-07-2013 03:43PM

Would be great to have crystal balls

Buy ?
Sell ?
Pollish and admire ?

SyntonFenix · 06-08-2013 04:17PM

euroboom13 wrote: »

1)i am telling anyone whos capitol will be effected by a price decline to "sit on the Fence" or exit gold till things settle.
2)Someone else mention "storm" as gold price increase,i merely warned that it is going to continue falling!.
3)Supply will increase when price falls.

Why gold is going to $800/oz.

http://www.leadingtrader.com/08/why-gold-is-going-to-800/

Voltex · 06-08-2013 06:14PM

Im not sure where golds going. We are currently seeing the strongest bull market in the US for 60 years. We have mom and pop investors strating to get involved, moving out of the traditional safe havens of bonds and metals. Is this the sign of a top in the US equity rally? If it is, long gold may be the smart move...or the US economy could be as robust as the figures are suggesting and we have a bit to go and gold continues to fall.

Interesting times for gold.

doug_the_head · 06-08-2013 07:34PM

whats the point in buying gold , sure over thirty years it will go up in value but so will a global index fund which will also pay you about 2% of a dividend per anum

worded · 06-08-2013 07:47PM

Goldcore report
http://www.goldcore.com/goldcore_blog/gold-price-retreats-dallas-fed-indicates-qe-tapering-december?hsCtaTracking=92a9b6a0-8b86-4d90-932e-d606bfd5953c%7Cacc326be-0015-41d9-91ca-2cb5b98f6cce&utm_campaign=media-daily-market-update-2013&_hsenc=p2ANqtz-9To-r1AJ-OLmgTXHZ7220ycl6WF9O6dho_jJG5X5Zsl0vqTfDuD3mLOMU-1r60a2KcsCz7myA2tIVdql0F5d9gOGF5xw&utm_content=9889432&utm_source=hs_email&utm_medium=email&_hsmi=9889432

Roonbox · 06-08-2013 09:33PM

doug_the_head wrote: »

whats the point in buying gold , sure over thirty years it will go up in value but so will a global index fund which will also pay you about 2% of a dividend per anum

Depends on the fund. The Japanese Nikkei is about 60% below where it was in 1989.

SyntonFenix · 07-08-2013 07:05AM

doug_the_head wrote: »

whats the point in buying gold , sure over thirty years it will go up in value but so will a global index fund which will also pay you about 2% of a dividend per anum

That's a very good question and valid point.

Gold can (and should in my opinion) be used to diversify an investment portfolio. There's a chance that the price of gold can sky rocket if the current global financial system collapses. This is looking highly likely due to the debt system in place.

sugar_fiend · 07-08-2013 11:41AM

Roonbox wrote: »

Depends on the fund. The Japanese Nikkei is about 60% below where it was in 1989.

a global index fund covers the globe , would be made up of close to 50% north America with Europe covering the bulk of the rest , japan would make up less than 10%

gordongekko · 07-08-2013 01:26PM

SyntonFenix wrote: »

There's a chance that the price of gold can sky rocket if the current global financial system collapses. This is looking highly likely due to the debt system in place.

what?

Roonbox · 07-08-2013 04:21PM

sugar_fiend wrote: »

a global index fund covers the globe , would be made up of close to 50% north America with Europe covering the bulk of the rest , japan would make up less than 10%

My point is there are thousands of funds and you cant paint them all and gold with one brush.

Even the DOW is only where in was 13 years ago. Gold has been up almost every year since.

SyntonFenix · 08-08-2013 04:04AM

gordongekko wrote: »

what?

Would you like to expand on your question?

My point being, investment diversification and the global financial crisis being reasons to invest or hold gold.

Black swan events, currency collapse, financial system collapse, hyperinflation, all possibilities for a lot of countries. Gold has a place there for protection and storage of wealth.

My main reason for saying that it may sky rocket can be due to any of the factors mentioned above. In particular, the fall in price at the moment is restricting the mining of physical gold. I can see demand increasing.

http://www.economist.com/content/global_debt_clock

gordongekko · 08-08-2013 08:53AM

SyntonFenix wrote: »

Would you like to expand on your question?

My point being, investment diversification and the global financial crisis being reasons to invest or hold gold.

Black swan events, currency collapse, financial system collapse, hyperinflation, all possibilities for a lot of countries. Gold has a place there for protection and storage of wealth.

My main reason for saying that it may sky rocket can be due to any of the factors mentioned above. In particular, the fall in price at the moment is restricting the mining of physical gold. I can see demand increasing.

http://www.economist.com/content/global_debt_clock

no no you said the there will be a financial collapse due to the debt system. This is the part im lost on.

DarkDusk · 08-08-2013 11:01PM

gordongekko wrote: »

no no you said the there will be a financial collapse due to the debt system. This is the part im lost on.

It is mathematically proven that our present monetary system will collapse. Our monetary system is a ponzi scheme, dependent on infinite growth of credit.

SyntonFenix · 09-08-2013 09:53AM

gordongekko wrote: »

no no you said the there will be a financial collapse due to the debt system. This is the part im lost on.

I said it's highly likely. As have all other similar financial systems in the past have gone. Creating money and turning it into debt can only go so far before it collapses.

I'll make an effort to explain my opinions and acquired facts more clearly in future.

zpehtsfd · 09-08-2013 02:18PM

SyntonFenix wrote: »

I'll make an effort to explain my opinions and acquired facts more clearly in future.

No need to explain yourself, we can just go to the Zerohedge website ourselves.

Roonbox · 09-08-2013 04:27PM

SyntonFenix wrote: »

I said it's highly likely. As have all other similar financial systems in the past have gone. Creating money and turning it into debt can only go so far before it collapses.

I'll make an effort to explain my opinions and acquired facts more clearly in future.

'acquired facts'? that's hilarious

Don't expect Gold to explode to the upside if we do have a financial collapse.

gordongekko · 09-08-2013 06:00PM

SyntonFenix wrote: »

I said it's highly likely. As have all other similar financial systems in the past have gone. Creating money and turning it into debt can only go so far before it collapses.

I'll make an effort to explain my opinions and acquired facts more clearly in future.

but that may not happen for 10000 years it may not be an issue in my life time.

Voltex · 09-08-2013 06:50PM

Has anyone got technical correlation figures between gold and COBE VIX?
VIX was hitting lows recently...

SyntonFenix · 10-08-2013 03:40AM

Roonbox wrote: »

'acquired facts'? that's hilarious

Don't expect Gold to explode to the upside if we do have a financial collapse.

How's that hilarious? How do you inform yourself with information to base your opinions on?

I agree, it may not explode to the upside. If there's a financial collapse I would prefer to hold some physical gold. As I mentioned previously, I said it could sky rocket and I hope it does.

If I am getting anything wrong here and you can prove what I'm saying is wrong, please indicate where and with some factual evidence to explain otherwise.

Roonbox · 10-08-2013 07:21PM

SyntonFenix wrote: »

How's that hilarious? How do you inform yourself with information to base your opinions on?

I agree, it may not explode to the upside. If there's a financial collapse I would prefer to hold some physical gold. As I mentioned previously, I said it could sky rocket and I hope it does.

If I am getting anything wrong here and you can prove what I'm saying is wrong, please indicate where and with some factual evidence to explain otherwise.

This is the 'acquired fact' I thought was funny.

'There's a chance that the price of gold can sky rocket if the current global financial system collapses. This is looking highly likely due to the debt system in place'

But I agree with you on most things. I would rather be in Commodities than Stocks over the next few years. The run up in Indices will need some kind of breather after 4 years of gains.
I am short the Nasdaq and long Silver.

Carnegie · 10-08-2013 08:57PM

I always find it hilarious when people talk about buying gold in case the financial system collapses. Gold is a worthless metal with no real use in the world. In the event of a collapse in the financial system, gold will have no value, you wouldn't even be able to barter with it.

Whether there is a financial collapse or not gold will go the way of the tulip and prices will sink like a stone long term.

Roonbox · 10-08-2013 09:16PM

Carnegie wrote: »

I always find it hilarious when people talk about buying gold in case the financial system collapses. Gold is a worthless metal with no real use in the world. In the event of a collapse in the financial system, gold will have no value, you wouldn't even be able to barter with it.

Whether there is a financial collapse or not gold will go the way of the tulip and prices will sink like a stone long term.

Not really true. The tulip phenomenon was a one time event. Gold has been a store of value and a way to protect yourself against inflation for thousands of years.

In the event of a financial collapse I would rather have physical Gold/Silver in my possession than extremely devalued paper currencies.

Gold is not worthless when you can get something for it.

SyntonFenix · 11-08-2013 07:08AM

Carnegie wrote: »

I always find it hilarious when people talk about buying gold in case the financial system collapses. Gold is a worthless metal with no real use in the world. In the event of a collapse in the financial system, gold will have no value, you wouldn't even be able to barter with it.

Whether there is a financial collapse or not gold will go the way of the tulip and prices will sink like a stone long term.

Just in case that you are not extracting the urine, consider the following;

Gold is a worthless metal with no real use in the world - WRONG

Why? - It has many uses. http://geology.com/minerals/gold/uses-of-gold.shtml

In the event of a collapse in the financial system, gold will have no value - WRONG

Why? - There are people and organisations that do not agree with you. http://www.gold.org/investment/research/

you wouldn't even be able to barter with it - WRONG

Why? - There's many instances throughout the world of payments and bartering using gold. http://www.mining.com/arizona-to-be-second-state-in-the-us-to-legally-accept-gold-silver-as-tender-53699/

DarkDusk · 16-08-2013 07:36PM

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.

I hope the recent (hefty) gains in gold and especially silver will be the storm I was talking about previously in this thread... It is very unusual to see silver rise 5% one day and again see gains on the next day, could be a good sign.

DarkDusk · 17-08-2013 05:46PM

Dollar, stocks and bonds down.

Gold and oil up.

I see a great "recovery" in the US economy... :rolleyes:

DarkDusk · 23-08-2013 07:21PM

Silver is off to the races!

Pennystockwhiz · 23-08-2013 11:12PM

Gold and Silver have broken out from recent lows, Buy the breakout!!

euroboom13 · 13-09-2013 10:36AM

$1309gold /21.45silver
gold rush dying thankfully!

uberalles · 13-09-2013 10:47AM

Any reason for recent drops?

War
No war
World in recovery?

Is it likely to drop more?

Gold

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