Gold

Low Energy Eng · 04-10-2013 03:14AM

euroboom13 wrote: »

apple/microsoft(nokia)/intel/dell/blackberry/fb/twitter/ibm....etc

apple products are made in china...the design is in the US, this doesn't bring money into the US

didnt dell move its manufacturing from ireland to poland?

fb is a service, doesn't bring money into the US. completly overvalued in this current stock bubble

twitter-same as fb

i dont know about microsoft a blackerry, but im sure a bit of homework and i'd find out most the parts are manufactured in china.

euroboom13 wrote: »

if obama did risk something like this ,it may be only a short time before levi/general motors/ford/crysler etc become global brands again.Wouldn`t be impossible to compete with over stretched china(their $ credit would half).The tide could turn.To me it is the only solution for an American recovery.When is the question?$2=e1:)$3=e1:D

hence one should buy gold to hedge this, as the only thing central bankers and governments know is to devalue.

euroboom13 · 04-10-2013 09:48AM

hence one should buy gold to hedge this, as the only thing central bankers and governments know is to devalue.

[/QUOTE]

One thing is for sure ,gold will start to push new highs(at some point) ,but compared to real gains in "percieved" riskier equity,gold wont add up.Sit in gold as it doubles ,while equity recoveries triple.

GOLD has been a very poor hedge against QE and will be proven to be a poor inflation insulator,when it kicks off!

DarkDusk · 04-10-2013 11:10PM

euroboom13 wrote: »

GOLD has been a very poor hedge against QE and will be proven to be a poor inflation insulator,when it kicks off!

The majority of people think that there will not be inflation in the future and no consequences of the central banks' QE programs. This is the reason why gold is not seeing highs right now.

But when reality hits.....

euroboom13 · 06-11-2014 09:35PM

Gold still having a bad time!
$1140

Where are the gold bugs now?
They sure put up a good fight last year.

euroboom13 · 06-11-2014 09:48PM

euroboom13 wrote: »

1)All currencies are completely aware of possible collaspe,which makes it extremely less likely than when they were hit by The major banking crisis!

2)There is no morgaged backed property market at the moment.When the time is right for property inflation,investors and banks will jump in.We are nearly at that point where inflation and interest rates start to recover,making investment attractive.Negative equity will reduce quickly,morgage debt will be more attractive to honour.Interest rates will go up ,along with rent yields (and inflation).[/I]

f3)ed is more interested in the value of the $ than qe.

.
4)US energy is going through a complete change.Ramped up production and storage.Why?In my opinion it is preparing for a price war.gold/oil prices are completely related to this.That is why i wont be getting involved with either at this time![/I]

5)I see major financial crisis in the middle east first.We are already seeing increased political change.Final changes will happen when gold and oil prices bottom out!

All i know is what is happening now ,only makes sence ,if you factor in the middle east and why it is still booming(high gold/high oil).[/I]

???

Cute Hoor · 07-11-2014 01:47PM

DarkDusk wrote: »

The majority of people think that there will not be inflation in the future and no consequences of the central banks' QE programs. This is the reason why gold is not seeing highs right now.

But when reality hits.....

How are you faring out at the moment on your investments in precious metals?

sword1 · 07-11-2014 02:32PM

Cute Hoor wrote: »

How are you faring out at the moment on your investments in precious metals?

Had a look at his posts, not active in 4 month so, shocked to see he
only did junior cert in 2011, you would think he was a lot older from the strength of his opinions /arrogance

DarkDusk · 23-12-2014 05:27AM

sword1 wrote: »

Had a look at his posts, not active in 4 month so, shocked to see he
only did junior cert in 2011, you would think he was a lot older from the strength of his opinions /arrogance

I addressed Euroboom regarding this before. I am not the only person that uses this Boards.ie account in my household, I'm pretty sure it's against the rules to have more than one a/c per IP address (I could be wrong on that but many forums have this rule).

Cute Hoor, would you like to share the investments you've made recently? I'm sure we would like some of your wisdom.

Tensions are rising geopolitically - Russia/US being at the centre of this tension going forward.

Euroboom, in hindsight, gave good advice when talking about equities. However, you need an exit strategy for this. I like gold/silver as a medium-long term investment that I don't need to be following every day and worrying about it. If I was a full-time trader and investor then I'd probably invest in higher risk assets but I don't have the time nor the patience for this.

I think it's an even better time to own precious metals than a year ago, given the amount of uncertainty and tension in the world geopolitically.

braddun · 23-12-2014 05:46AM

http://www.bloomberg.com/news/2014-12-23/cheaper-oil-putting-gold-out-of-job-as-an-inflation-hedge.html

Cute Hoor · 23-12-2014 02:43PM

DarkDusk wrote: »

Cute Hoor, would you like to share the investments you've made recently? I'm sure we would like some of your wisdom.

Unfortunately I have very little (if any) wisdom. I would be deeply sceptical though of any statements that says Silver (or Gold or any other asset class) will be at highly speculative levels within 5 years, or that the price of silver will rocket if Obama is re-elected, or that now (since then prices have dropped dramatically) is the perfect time to buy silver, or that the price of precious metals will rocket when QE ceases in the States. I would have little time for any statements telling me what will happen over the next 5 years, I would be struggling to even give credence to statements from anyone saying that KK will win at least 1 AI Hurling or Kerry will win at least 1 AI Football title over the next 5 years - and you don't get much more predictable than that.

As I have often said I have no idea where the prices of precious metals will go short term or over the next 5 years, now may very well be a brilliant time to invest with opportunities of making multiples of your invested money in a very short time, and good luck to anybody investing/invested.

I have no investment in precious metals, for pretty much the same reason as I don't have any in physical property (although I have an investment in a company which owns international commercial and industrial property), I don't like the fact that they are both relatively costly to buy and sell, there is no return (other than the value appreciating) on precious metals, and both are relatively difficult to offload if you want your money out quickly. The stock market on the other hand costs virtually nothing to trade, and you can react to good or bad news in seconds and have pretty much instant access to your money, and of course you can get a regular dividend (as well as sp appreciation hopefully) if you invest wisely.

My words of wisdom would be to invest in blue chip companies, with a good history and fundamentals, that produce a product or provides a service that people will continue to need/use irrespective of the developing world situation.

I will put my neck on the block and hope that these few shares might have an SP increase of 10% at some stage during 2015, if you could get 10% on your investments wouldn't you be doing grand. I'm not saying definitively of course that these will work out because really I haven't a clue what's going to happen.
RDSA (€27.70) - will pay a nice little dividend as well while you're waiting
VOW (€181) - ditto
CRH - (€19.5) - ditto
TSCO (£1.84) - not for W&O's given the misinformation the company has been giving out but could be worthwhile. Currency risk as well
GERN ($3.12) - Currency risk here as well
Edit: I'm going to throw in another one here - AMD ($2.66) - might have been a bit oversold, currency risk as well of course.

conditioned games · 30-12-2014 10:02AM

Cute Hoor wrote: »

Unfortunately I have very little (if any) wisdom. I would be deeply sceptical though of any statements that says Silver (or Gold or any other asset class) will be at highly speculative levels within 5 years, or that the price of silver will rocket if Obama is re-elected, or that now (since then prices have dropped dramatically) is the perfect time to buy silver, or that the price of precious metals will rocket when QE ceases in the States. I would have little time for any statements telling me what will happen over the next 5 years, I would be struggling to even give credence to statements from anyone saying that KK will win at least 1 AI Hurling or Kerry will win at least 1 AI Football title over the next 5 years - and you don't get much more predictable than that.

As I have often said I have no idea where the prices of precious metals will go short term or over the next 5 years, now may very well be a brilliant time to invest with opportunities of making multiples of your invested money in a very short time, and good luck to anybody investing/invested.

I have no investment in precious metals, for pretty much the same reason as I don't have any in physical property (although I have an investment in a company which owns international commercial and industrial property), I don't like the fact that they are both relatively costly to buy and sell, there is no return (other than the value appreciating) on precious metals, and both are relatively difficult to offload if you want your money out quickly. The stock market on the other hand costs virtually nothing to trade, and you can react to good or bad news in seconds and have pretty much instant access to your money, and of course you can get a regular dividend (as well as sp appreciation hopefully) if you invest wisely.

My words of wisdom would be to invest in blue chip companies, with a good history and fundamentals, that produce a product or provides a service that people will continue to need/use irrespective of the developing world situation.

I will put my neck on the block and hope that these few shares might have an SP increase of 10% at some stage during 2015, if you could get 10% on your investments wouldn't you be doing grand. I'm not saying definitively of course that these will work out because really I haven't a clue what's going to happen.
RDSA (€27.70) - will pay a nice little dividend as well while you're waiting
VOW (€181) - ditto
CRH - (€19.5) - ditto
TSCO (£1.84) - not for W&O's given the misinformation the company has been giving out but could be worthwhile. Currency risk as well
GERN ($3.12) - Currency risk here as well
Edit: I'm going to throw in another one here - AMD ($2.66) - might have been a bit oversold, currency risk as well of course.

Would you be sceptical if I said there will be a major price movement upwards in precious metals in the 2nd half of 2015 while by the time 2020 rolls around gold will be at 12,000 and silver will be at 1,200 dollars, and that is in today’s dollar value before the currency becomes worthless. Forecasting what will happen in the medium term is possible as future consequences are based on past and present actions.

The stock market is in a bubble and there is a disconnect between share prices and earnings by companies. Selling precious metals is easy to offload, just simply walk into a precious metals dealer and sell at the current market value.

My words of wisdom would be to stay as far away from blue chip companies as possible. These companies are way over valued and have a long way to fall when the debt bubbles collapse over the next few years. These companies are not immune to developing world situations, if stock markets lose 80% of its value then these companies will also lose 80% of their value.

I will put my neck on the block and say there will be major increase in the price of precious metals in October 2015 while at the same time panic will spread throughout the stock markets around the world resulting in massive falls.

Just a note on the above named companies. Royal Dutch Shell will continue to experience a fall in their share price for another year as OPEC allows the market determine fair value for oil. Volkswagen has lost its biggest customer Russia recently and as the world’s financial crisis hits then car manufactures is not a good investment in the medium or long term. CRH are reliant on construction and again in times of deeping depressions construction does not do well. Tesco will continue to lose market share to cheaper rivals, the quality of their food is very average and the prices charged are always above the market average. The manipulation of their profits will not be the end of bad news for that company. The only thing I know about Genron Corporation is that they are a biotechnology company selling cancer drugs and listed on the Nasdaq. Again stay away from stocks, all companies will experience a dramatic fall in their market capitalisation in the next few years starting at the end of 2015.

Basically best advice I could give people is do the opposite of what Cute Hoor says and you will not see your investments wiped out in a stock market crash. If you want to benefit from the turmoil in the world’s financial markets in the coming years then invest in precious metals.

Cute Hoor · 30-12-2014 11:30AM

conditioned games wrote: »

Would you be sceptical if I said by the time 2020 rolls around gold will be at 12,000 and silver will be at 1,200 dollars

Absolutely, if JC himself came down and TOLD me that I would still be sceptical, maybe you are JC, and if you are I am still sceptical.

euroboom13 · 30-12-2014 12:51PM

For political reasons ,oil drop will have little impact, if gold price rises.

Collapse in oil price helps consolidate bankrupt oil companies, gold price rise would hinder this.

Most oil producers(nations) are rich in gold and they will be paying off debt with gold rather than cash, which, IMO, should drop gold prices.

But the future is an unknown.
Be care full.(ego and confidence fogs the brain)

conditioned games · 30-12-2014 02:09PM

euroboom13 wrote: »

For political reasons ,oil drop will have little impact, if gold price rises.

Collapse in oil price helps consolidate bankrupt oil companies, gold price rise would hinder this.

Most oil producers(nations) are rich in gold and they will be paying off debt with gold rather than cash, which, IMO, should drop gold prices.

But the future is an unknown.
Be care full.(ego and confidence fogs the brain)

Rich oil producing nations like Venezuela, Russia and maybe others will continue to accumulate gold even though oil prices are collapsing and they need revenues. OPEC’s willingness to allow the market to determine oil price will bring forward the market crash from 2016 to late 2015. Expect interest rates in the junk bond market to increase in the next 6 months as high risk energy companies go to the wall. This will be followed by a junk bond collapse just before the stock market as happened in 2008.

euroboom13 · 30-12-2014 02:21PM

conditioned games wrote: »

Rich oil producing nations like Venezuela, Russia and maybe others will continue to accumulate gold even though oil prices are collapsing and they need revenues. OPEC’s willingness to allow the market to determine oil price will bring forward the market crash from 2016 to late 2015. Expect interest rates in the junk bond market to increase in the next 6 months as high risk energy companies go to the wall. This will be followed by a junk bond collapse just before the stock market as happened in 2008.

With oil income down ,gold is less affordable and cash is more valuable.

Countries will be trying to deleverage fast.Gold will be sold to pay down debt.

conditioned games · 30-12-2014 03:37PM

euroboom13 wrote: »

With oil income down ,gold is less affordable and cash is more valuable.

Countries will be trying to deleverage fast.Gold will be sold to pay down debt.

You sound like an investment bank trying desperately to maintain the Ponzi debt bubbles. Unlike western countries that believe in paper debt these developing countries have a better understanding of real money looking in from the outside. It is why Venezuela repatriated its gold and why Russia even last and this month continue to add to its gold reserves.

euroboom13 · 30-12-2014 05:15PM

conditioned games wrote: »

You sound like an investment bank trying desperately to maintain the Ponzi debt bubbles. Unlike western countries that believe in paper debt these developing countries have a better understanding of real money looking in from the outside. It is why Venezuela repatriated its gold and why Russia even last and this month continue to add to its gold reserves.

Good luck with that

Value Hunter · 30-12-2014 05:45PM

The stock market is in a bubble and there is a disconnect between share prices and earnings by companies.

The US markets trading at around 17 times earnings, but with a growth rate in earnings of 9.5% year on year. Not undervalued by any means, but hardly bubble territory

US Economy is growing at 5% per annum in the latest stats

Just a note on the above named companies. Royal Dutch Shell will continue to experience a fall in their share price for another year as OPEC allows the market determine fair value for oil. Volkswagen has lost its biggest customer Russia recently and as the world’s financial crisis hits then car manufactures is not a good investment in the medium or long term. CRH are reliant on construction and again in times of deeping depressions construction does not do well. Tesco will continue to lose market share to cheaper rivals, the quality of their food is very average and the prices charged are always above the market average. The manipulation of their profits will not be the end of bad news for that company. The only thing I know about Genron Corporation is that they are a biotechnology company selling cancer drugs and listed on the Nasdaq. Again stay away from stocks, all companies will experience a dramatic fall in their market capitalisation in the next few years starting at the end of 2015.

The Volkswagen statement is completely and utterly inaccurate. Russia it's biggest customer? Any source for that mate? Or is it just made up?Volkswagen profits were up 56% in their most recent quarter (Oct 2014), even with the Russia situation

http://www.sltrib.com/home/1762886-155/billion-sales-euros-percent-volkswagen-profits

As for the other companies you write off, well i can only assume your info is as accurate and well researched as your comments on Volkswagen:rolleyes:

Rich oil producing nations like Venezuela, Russia and maybe others will continue to accumulate gold even though oil prices are collapsing and they need revenues.

So as there revenue collapses and they cant pay there bills, you expect them to continually spent huge amounts of money on precious metals for which they have no use? Solid theory...

Unlike western countries that believe in paper debt these developing countries have a better understanding of real money looking in from the outside. It is why Venezuela repatriated its gold and why Russia even last and this month continue to add to its gold reserves.

Oh yes, because these countries have such an excellent history of smart economic policy

Gold at $12,000 and Silver at $1200... I wonder why the finance industry doesn't know such huge gains are coming in five years, I'm sure a lot of hedge funds would hugely enjoy a 7300% percentage gain in 5 years...

But I guess it's all a conspiracy against Gold

conditioned games · 30-12-2014 07:01PM

The US Economy is growing at 5%? Is that real growth or is massive money printing and debt delivering that distorted figure.

The below is an RTE report saying Russia is Germany’s biggest trading partner and the biggest drop in exports was cars.

http://www.rte.ie/news/business/2014/1029/655575-german-exports/

As revenues in oil producing nations continue to collapse over the next year or two years as oil price takes a hammering I expect China to continue to help these countries rather than the IMF.

Do you think building economies on debt and currency printing is smart economic policy? Have previous empires that done this and debased their currency have had a happy ending?

World’s financial system has an objective to continue this party. As soon as everyone wakes up and realises this is not sustainable any more it will mean a whole lot of change for the financial system which hasn’t happened for over 90 years and unfortunately a hell of a lot of banks and financial institutions will not make it. There is a lot at stake here.

Value Hunter · 30-12-2014 07:42PM

Yes that's real growth, I don't make up facts and figures to suit my viewpoint....

But you said Russia was specifically Volkswagen's biggest customer? That link is discussing German exports to Russia, how does that translate into Russia is Volkswagens biggest customer?

Can I take it that you just made that up?

Yes I believe the world economy will be just fine over the long run.

On the one hand your saying these countries are going to be spending huge amounts buying a lot of gold, now your saying China is going to have to help support these countries?

How come your the only one who's figured out that gold and silver are going up over 7000% in five years?

conditioned games · 30-12-2014 08:23PM

If the US economy is doing well then why are 50 million americans on food stamps.

Volkswagen sells cars to Germanys biggest trade partner russia that has fallen off a cliff, europe is struggling and yet in times of crisis which we are heading towards do you think a car manufacturer is a wise investment.

Gold is real money while paper currency that is not backed by anything tangible or fixed in supply is a fiat currency and they have all failed throughout history. Countries outside of the western world realise what is coming and are willing to sit on their real money until events play out. Any help from China will be short term, less than 2 years while oil prices find fair value naturally.

I am not the only one that see the potential in precious metals. People that have called it right in the past have similar view points like myself such as Peter Schiff, Jim Rickards, Robert Wiedemer and lots others.

Value Hunter · 31-12-2014 05:37AM

In my view, someone who has to resort to making up facts has no credibility.

Good luck, I strongly suspect you'll need it

Tugboats · 31-12-2014 08:04AM

I have gold as part of a balanced portfolio but theres no denying that 99% of gold investors are batsh!t crazy including those on here

conditioned games · 31-12-2014 11:23AM

Value Hunter wrote: »

In my view, someone who has to resort to making up facts has no credibility.

Good luck, I strongly suspect you'll need it

I’ll take your luck but unlikely to need it. Sometimes reality and facts can be hard to comprehend for someone engrossed in the stock markets for too long. Like a junkie that has lost touch with reality they need to invest in their drug of choice which renders all advice and facts meaningless to them until one day what looked like a good investment results in costing them badly.

You may not want to hear this but building economies on debt and pushing the problem down the road by printing massive amounts of currency and pushing it into the system has future consequences. Yes it works in the short to medium term, we have stock bubbles, cheap interest rates and distorted economic indicators. But one day the problem can’t be pushed down the road any longer, people begin to wake up like yourself when it is too late and just like the junkie addicted to their drug of choice the stock market becomes the drug that costs the investor their wealth.

Value Hunter · 01-01-2015 12:19AM

Tugboats wrote: »

I have gold as part of a balanced portfolio but theres no denying that 99% of gold investors are batsh!t crazy including those on here

Summed it up perfectly!

conditioned games · 01-01-2015 02:11AM

Value Hunter wrote: »

Summed it up perfectly!

Not at all, he refers to to himself as a gold investor and also says 99% of gold investors are crazy. So he either deems himself to be in the 1% or he is talking rubbish.

I perfer silver as there is more potential however same principles also apply to gold. The prices i quoted are not unreasonable when the financial system is reset. Todays system of having all currencies tied to the dollar which the dollar is now tied to confidence and little else has developed major problems that just cant be ignored. Time will tell who will be on the right side of history.

zpehtsfd · 01-01-2015 01:42PM

conditioned games wrote: »

Not at all, he refers to to himself as a gold investor and also says 99% of gold investors are crazy. So he either deems himself to be in the 1% or he is talking rubbish.

You would need to be batsh!t crazy to not understand what he meant. :P

Slozer · 07-01-2015 05:33PM

Anyone investing should not be putting their money into gold as an investment - they should be in the stock market at the moment, particularly DJIA +S&P - those markets have made substantial gains the past few years with mainly thanks to QE by the fed.

Gold at best is a hedge against inflation and money printing. No doubt it will go up as well as down in the future but don't expect to make huge gains on it.

Gold may be worth $20,000/oz in future but it will only have the same purchasing power as what its worth today which is about 1200.

Fiat currency is backed by economies, their people and what they produce.

The dollar is backed by oil (for the moment) which is a pretty solid commodity.

euroboom13 · 07-01-2015 07:19PM

[QUOTE=

The dollar is backed by oil (for the moment) which is a pretty solid commodity.[/QUOTE]

My bank manager would be on the phone if, the loans I had ,where backed with oil!(to check if I was liquid,) l.o.l.

The dollar has a lot of unanswered question?

I Agree gold is oversold !

PlayByTheRules · 07-01-2015 08:00PM

Gold has survived many resistance levels so far and is looking to me like it is about to break free big time. Strong dollar has not even been enough to keep it below its $1200 level for long. Buy Gold Mining companies that have very low all in costs like New Gold. they are pulling it out of the ground at around $800 an ounce and their extraction costs are going lower with oil price rout so they are perfectly placed for next move up.

Gold

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