Gold

Slozer · 21-09-2012 12:30pm

DarkDusk wrote: »

If I had to give advice to anyone, don't be left exposed to the coming world economy collapse by holding paper money. At least have some money in real tangible assets such as gold, silver and land. Your pension would be totally wiped away but you still have gold, silver and land. Silver is great for the majority of people who don't have a large sum to invest, compared to gold's expensive price.

Better a year early than a day too late.

stackerman · 27-09-2012 5:40pm

Great interview Mr Sprott

http://video.cnbc.com/gallery/?video=3000117716&play=1

Very funny to hear/see the confusion on the CNBC government cheerleaders :eek:

Roonbox · 02-10-2012 1:17am

grover_green wrote: »

silver is not a ( currency ? ) in the way some say gold is , its value largely depends on industrial demand , it went along for the ride with gold for a few years there but has since decoupled somewhat , its at $30 at the moment and was close to $ 24 not so long ago , it went to almost $ 50 dollars in may 2011 then collapsed overnight , its a metal which is incredibly maniplulated from a price POV , demand is slowing from an industrial POV and its unlikely to shadow gold in its continual rise to any large degree

i would not be amazed to see gold @ $ 2500 within five years , i would be utterly astounded to see silver @ 75 and surprised to see it past $ 50

gold is a much better bet

I strongly disagree.. Silver will easily see $75 in the next 5 years...

Roonbox · 02-10-2012 1:18am

DarkDusk wrote: »

I agree with you on that, but the PM's would have the function of preserving your wealth until things get good again, instead of having no wealth at all.

Great advice at the end I must say! Food water and shelter would be the most valuable assets during a crisis - I have to say that Ireland is much better prepared than >75% of the world in respect to this.

You need to be more worried about inflation.

DarkDusk · 02-10-2012 9:43pm

Roonbox wrote: »

You need to be more worried about inflation.

I am very worried about inflation! It's just that Ireland would be a better place to live in the case of a economic meltdown, when we would have to live off the land and not depend on supermarkets to fill our bellies.

I see silver over $100 within 5 years definitely, gold over $2,200 next year also.

bacon? · 06-10-2012 9:56am

DarkDusk wrote: »

I am very worried about inflation! It's just that Ireland would be a better place to live in the case of a economic meltdown, when we would have to live off the land and not depend on supermarkets to fill our bellies.

I see silver over $100 within 5 years definitely, gold over $2,200 next year also.

I'm with DarkDusk and Roonbox, there's been a lot more people turning to silver the past while.

Low Energy Eng · 07-10-2012 8:33am

bacon? wrote: »

DarkDusk wrote: »

I am very worried about inflation! It's just that Ireland would be a better place to live in the case of a economic meltdown, when we would have to live off the land and not depend on supermarkets to fill our bellies.

I see silver over $100 within 5 years definitely, gold over $2,200 next year also.

I'm with DarkDusk and Roonbox, there's been a lot more people turning to silver the past while.

It's hard handing over a large wad of cash for a small amount of gold when the same gets you a lot of silver, obviously that's a mental barrier of mine and its due to the rarity of both metals etc

But from an investment perspective ye silver is like gold on steroids or leveraged, usually if gold moves up 10$ silver will move say 1$, but as a percentage wise the gains (or losses) are better with silver

DarkDusk · 07-10-2012 6:05pm

Low Energy Eng wrote: »

It's hard handing over a large wad of cash for a small amount of gold when the same gets you a lot of silver, obviously that's a mental barrier of mine and its due to the rarity of both metals etc

But from an investment perspective ye silver is like gold on steroids or leveraged, usually if gold moves up 10$ silver will move say 1$, but as a percentage wise the gains (or losses) are better with silver

For gold to go up 10$ that would be up about .6% and for silver going up 1$ that would be up nearly 3%. Gains in silver are not 5 times that of gold, generally. Generally, silver gains are double that of gold, but so are the losses. The reason for this is because Silver has a smaller market, and the price can shift easily compared to gold, which is a very big market.

Roonbox · 15-04-2013 7:16pm

I'm surprised this thread hasn't been resurrected yet after whats happened in the last couple of days..

Absolute carnage in the Gold Market today

hmmm · 15-04-2013 7:33pm

Roonbox wrote: »

Absolute carnage in the Gold Market today

Carnage is an understatement. I hope the goldbugs come back out and apologise to all those they told gold was a "safe" investment.

This is an interesting article that shatters some myths about gold
http://pawelmorski.wordpress.com/2013/04/14/gold-of-bogeymen-and-bunker-monkeys/

15-04-2013 7:36pm

Roonbox wrote: »

I'm surprised this thread hasn't been resurrected yet after whats happened in the last couple of days..

Considering some of the predictins I'm not suprised!

coolabuaile · 15-04-2013 9:59pm

Carnage indeed; dramatic! If I had a small proportion of my savings tied up in gold I'd hold onto it, sit back and see what happens. If I had invested a huge chunk of my savings in gold, however, I'd be very depressed right now.

DarkDusk · 16-04-2013 7:51pm

What is happening in the gold and silver markets right now is due to the "hope" that the global economy (especially the US) will rebound in the second half of 2013. Let's wait and see if this "rebound" actually happens. Alongside this, a lot of weird things are happening in the gold market lately - huge sellers of gold in one day exceeding the annual production of the metal. It looks like central banks are trying to suppress gold and silver, then come out and say "Hey, the economy's recovering! And look, even gold and silver are going down!"

The fundamentals are still there, and in my opinion, the people who are patient and wait will be rewarded.

Like, seriously, people are raving about central banks (i.e. the Fed) reducing or stopping QE altogether. This cannot happen, because then interest rates will go through the roof and inflation will become a huge problem. In this scenario, people will be scared out of bonds, pissing themselves as they sell their stocks and where will they go then? Probably gold and silver.

The price of metals right now is being controlled by speculators, people who can only see one week in the future. These people do not acknowledge the fundamentals of an asset, only what today's news has to do about it. The recent moves in gold and silver have been due to pieces of news that people find worthy enough to change their mind about their investment portfolios.

It all goes back to a recovering economy. The ONLY reason the world is not underwater right now is due to low interest rates and money printing. The ECB will soon join the currency war if they continue to fail to devalue the Euro through other means (The Cyrus crisis - the only reason this happened, in my opinion, was to try to devalue the Euro without printing currency. Look at the value now, it hasn't changed!). When Draghi decides to start buying Gov bonds I think this will spark a rebound in commodity prices because it will appear that there will be no end in sight for this currency war currently underway.

My 2 cents, I'm keeping my Silver btw, and I'm not worried about the long-term prospects of my investment. In fact, I'm still very optimistic.

DarkDusk · 16-04-2013 7:52pm

coolabuaile wrote: »

Carnage indeed; dramatic! If I had a small proportion of my savings tied up in gold I'd hold onto it, sit back and see what happens. If I had invested a huge chunk of my savings in gold, however, I'd be very depressed right now.

Not a good idea to do this with any investment! Not only would you be depressed, you'd be very foolish and kicking yourself right now!

euroboom13 · 16-04-2013 8:23pm

if i had gold.

1)id sell @1400$(or maybe less)

2) id buy in again, if it went to $1500(small sacrifice)

3)if not id enjoy the slide and buy in @$1000(or less)

but i dont own it or want it,bad investment now!

and those with the "fever "will ignore this.....

hmmm · 16-04-2013 10:48pm

DarkDusk wrote: »

It looks like central banks are trying to suppress gold and silver, then come out and say "Hey, the economy's recovering! And look, even gold and silver are going down!"

The Central Banks have better things to be doing than trying to make goldbugs look stupid.

We've been hearing about this "rampant inflation" to come for years now, and if anything we're still stuck close to deflation. Where is this inflation you speak of? There's massive under-utilisation of resources in the world economy, and workers are not about to get massive pay rises any time soon considering the numbers unemployed. So where is the inflation going to come from?

DarkDusk · 16-04-2013 11:47pm

hmmm wrote: »

The Central Banks have better things to be doing than trying to make goldbugs look stupid.

We've been hearing about this "rampant inflation" to come for years now, and if anything we're still stuck close to deflation. Where is this inflation you speak of? There's massive under-utilisation of resources in the world economy, and workers are not about to get massive pay rises any time soon considering the numbers unemployed. So where is the inflation going to come from?

Central banks are very interested in suppressing the gold price. If gold were to increase to $3000, the world economy would likely lose interest in fiat currencies as a form of trade. If numerous countries (many have already e.g. India buying Iranian oil) were to flock to gold as a form of trade for resources e.g. oil, the petrodollar paradigm would completely collapse. Here is an interesting article I found relating to this: http://www.moneynewsnow.com/2013/02/will-hoarding-of-gold-by-russia-china-collapse-u-s-economy/

Deflation?! When's the last time you heard people being excited about cheaper groceries or cheaper electricity?! Inflation is closer to 10% than the bullsh!t CPI of less than 2%. How can you measure inflation without accounting for energy or food?! THE MOST IMPORTANT PRICES ORDINARY PEOPLE CARE ABOUT! Governments seem to have no problem leaving them out though, I wonder why?

Look at stock prices, money printing wouldn't have anything to do about that, would it? Because the Fed targets asset prices, it tends to start in those areas that we don’t normally associate as inflationary. Let’s face it, no one is really going to freak out about a rising stock market, but that is the first sign of inflation. The Fed’s liquidity has to land on something, and it usually starts in the stock market first. Unfortunately it always eventually ends up in the commodity markets. Now, look back to 2008 - big increase in stock prices, stocks fall, commodities increase. We are going through this cycle again, except the amount of money flowing into commodities this time is going to be much greater due to huge QE programs exercised by the Fed and other central banks. Same goes for housing, don't even make me start talking about housing!

So, yeah, that's where "the inflation" is coming from - it's already here, but you haven't noticed it yet.

The current situation in the gold market, in my opinion, is actually good. I have a very good understanding of how markets work technically, and it appears that recent activity is good for gold (and silver). What's happened now is most speculators and "weak" holders of gold have been washed away. This is brilliant for gold for when it makes it way upwards again. I think we are going to see a huge spike in gold on the next move upwards, probably followed by another dip in 2015/16 and then a move upwards into bubble territory. I looks like gold is forming a V-Shaped dip. The Nasdaq in 98 and Oil in 07 are unbelievably similar to gold in the way that they had a washout followed by a bubble.

All I'll say is - sit tight and you'll come out on top in the end. In all honesty though, if you were a Cypriot, would you prefer to have had gold which had a rough move downwards recently or would you prefer to have "fiat", worthless paper money being stolen from you?

coolabuaile · 17-04-2013 12:25am

DarkDusk: Some great opinions, I agree. My only financial interest in the yellow metal is panning for it; I get to spend the day in the great outdoors with my family and get the odd gram or so for the cost of my petrol and a picnic:-) I do have some silver which I bought years ago and intend to hold on to as a long term fail-safe. Also an interesting article was published by Kitco recently which hints at growing interest in physical silver. https://news.goldcore.com/news As you said: the market is based heavily on futures. As far as I'm concerned there is at least some manipulation in the precious metals markets and this is just prolonging the inevitable.

neil.p.b · 17-04-2013 4:11am

DarkDusk wrote: »

What's happened now is most speculators and "weak" holders of gold have been washed away. This is brilliant for gold for when it makes it way upwards again.

THIS.

When gold was soaring a couple of years ago and every PI/Gambler thought the sky was the limit for it and it became destined to tumble. Just how the market works.

Gold still has a way to go before it turns north again. We're likely to be at or close to an interim bottom but any move north will be temporary over the next few months and chop up and down before a final spike down later this/early next year. I don't think we'll see the hundreds but 1100-1200 possible before an almighty run north past 2000.

Cavehill Red · 17-04-2013 4:20am

euroboom13 wrote: »

if i had gold.

1)id sell @1400$(or maybe less)

2) id buy in again, if it went to $1500(small sacrifice)

Sell low, buy higher?
That's a smashing investment plan, I have to say.

Cavehill Red · 17-04-2013 4:29am

DarkDusk wrote: »

All I'll say is - sit tight and you'll come out on top in the end. In all honesty though, if you were a Cypriot, would you prefer to have had gold which had a rough move downwards recently or would you prefer to have "fiat", worthless paper money being stolen from you?

Speaking of Cyprus, I understand the ECB has requested Cyprus liquidate its gold to pay its share of the bailout/in. The cynic in me would be feeling somewhat depressed for Cyprus given the latest knockdown in gold coming before they had a chance to do so. I hope for their sake they locked in a set amount in tonnes rather than denominated in euro, but I bet they didn't/couldn't.
Personally, I'm less optimistic about gold than about other things, specifically silver, rare earths and oil. The silver and rare earths have additional industrial uses and markets which gold doesn't really, and due to the circumstances of their mining, they are actually a lot more scarce than many people realise. (Unless fracking becomes commonplace, China opens up export of rare earths and the silver mines are made viable again - all of which require higher prices, imho.)
While I do believe gold is set for an upswing, I'm more interested in these other trades. The fundamentals, long-term, for gold are good, but the volatility in the market cautions against amateurs trying to daytrade, and will shake a lot of weak hands out.

Roonbox · 17-04-2013 6:47am

hmmm wrote: »

The Central Banks have better things to be doing than trying to make goldbugs look stupid.

We've been hearing about this "rampant inflation" to come for years now, and if anything we're still stuck close to deflation. Where is this inflation you speak of? There's massive under-utilisation of resources in the world economy, and workers are not about to get massive pay rises any time soon considering the numbers unemployed. So where is the inflation going to come from?

I'm not sure where you shop but where I am everything is getting more expensive.

euroboom13 · 17-04-2013 7:02am

Cavehill Red wrote: »

Sell low, buy higher?
That's a smashing investment plan, I have to say.

damage limitation........my investment plan is stay clear of gold......my post was to incourage caution......i`ts not going to 1500 for sometime so the negative end of my post will never happen....

smashing reply

arrowloopboy · 17-04-2013 7:38pm

Cavehill Red wrote: »

Sell low, buy higher?
That's a smashing investment plan, I have to say.

Yip,sterling stuff,repeat till broke:eek::D:D

Icepick · 17-04-2013 7:47pm

Can you buy large quantities of physical gold for this price or only paper gold?

arrowloopboy · 17-04-2013 7:50pm

There's a simple reason for the dramatic decline in the price of the yella stuff,BITCOINS ,its the new safe haven ,you heard it here first.:P:P:P.

arrowloopboy · 17-04-2013 8:02pm

Icepick wrote: »

Can you buy large quantities of physical gold for this price or only paper gold?

You wont buy physical gold at the spot price,have a look at www.bullionbypost.co.uk ,mouth watering stuff .

Cavehill Red · 17-04-2013 8:06pm

arrowloopboy wrote: »

There's a simple reason for the dramatic decline in the price of the yella stuff,BITCOINS ,its the new safe haven ,you heard it here first.:P:P:P.

If there was any chance of bitcoin becoming a credible safe haven, it would get smashed to the floor too.

euroboom13 · 17-04-2013 9:03pm

Cavehill Red wrote: »

If there was any chance of bitcoin becoming a credible safe haven, it would get smashed to the floor too.

while ye boys are busy patting each others backs in ur air raid shelters ,the smart ones are picking up cash up off the ground in the equity field......
...war is over ,get back to the upward only reality our goverments refuse to leave behind......(or fill ur boots with that safe haven stuff and perish )

rant over but seriously ....get in front of something new,dont copy old winners....dangerous and cowardly

euroboom13 · 17-04-2013 9:06pm

sorry wrong quote....agree with cavehill red.....to others

DarkDusk · 17-04-2013 9:11pm

I wish I took the leap and bought some bitcoins for €18 each about 3 months ago... I was only going to invest money I was willing to lose of course. Definitely wouldn't buy any now though.

All I'll say about bitcoins is - only invest what you are willing to lose, because there is a very high possibility that you could lose 100% of your investment.

DarkDusk · 17-04-2013 9:39pm

euroboom13 wrote: »

while ye boys are busy patting each others backs in ur air raid shelters ,the smart ones are picking up cash up off the ground in the equity field......
...war is over ,get back to the upward only reality our goverments refuse to leave behind......(or fill ur boots with that safe haven stuff and perish )

rant over but seriously ....get in front of something new,dont copy old winners....dangerous and cowardly

So what is your current investment portfolio? Which equities have been big winners for you lately?

Your attitude towards the stock market resembles the attitude people had to property pre-2008. "Upward only reality" - that really cracked me up!

----

The graph is the most important thing on this site: http://poorrichardsnews.com/post/45866929363/yep-qe-is-propping-up-the-stock-market
Investing in something that relies solely on the printing of money by central banks is not a good investment if you ask me. Gold differs, because if interest rates are raised this will eventually make money flow into commodities, especially PM's (as I've explained above). Either way, gold and silver will win in the long term. The Fed cannot continue to destroy the dollar and not expect and consequences to accompany their actions.

stackerman · 17-04-2013 9:43pm

I'm growing tired of people suggesting that the gold Market is definitely not manipulated, and any suggestion that it may be is folly.

Could I ask if they would even admit the Bond Market is rigged ?

DarkDusk · 17-04-2013 9:51pm

stackerman wrote: »

I'm growing tired of people suggesting that the gold Market is definitely not manipulated, and any suggestion that it may be is folly.

Could I ask if they would even admit the Bond Market is rigged ?

Conspiracy theorist!!!! Wait... No, I mean - Conspiracy Factist!

Very interesting piece, well worth the read - http://www.zerohedge.com/news/2012-12-14/qe-4-folks-aint-normal-what-you-need-know-about-feds-latest-move

Cavehill Red · 18-04-2013 1:54am

The arguments for and against gold have long been played out and they haven't changed.
Pro: "real" money, 5,000 years of history as means of exchange, relative scarcity, popularity in the East, hedge against inflation/economic uncertainty
Con: barbarous relic, you can't eat it, no dividend, security risk of holding and moral hazard risk in paper or storage, volatile market, probably manipulated.
Any play on gold, long or short, must now be a long-term one. Buy and hold or ignore and walk away. Short term hands and traders will get wiped on this.
Personally, I believe in the fundamentals supporting gold, but as I said, I prefer silver for reasons previously stated. And I don't trade the metals market as they're clearly rigged.

euroboom13 · 18-04-2013 7:07am

DarkDusk wrote: »

So what is your current investment portfolio? Which equities have been big winners for you lately?

Your attitude towards the stock market resembles the attitude people had to property pre-2008. "Upward only reality" - that really cracked me up!

----

The graph is the most important thing on this site: http://poorrichardsnews.com/post/45866929363/yep-qe-is-propping-up-the-stock-market
Investing in something that relies solely on the printing of money by central banks is not a good investment if you ask me. Gold differs, because if interest rates are raised this will eventually make money flow into commodities, especially PM's (as I've explained above). Either way, gold and silver will win in the long term. The Fed cannot continue to destroy the dollar and not expect and consequences to accompany their actions.

"upward only reality".....goverments need positive growth....otherwise there debt increases......crack up

....it IS how it works inflation most be greater than interest rates...
So what we`re seeing now doesnt work for goverment debt...hence the struggle...but it will be fixed and equities will be the winner.

my equity is mainly bank related......zero return high risk....slow burner but WILL be where everyone runs to in a couple of years ...

Not looking for any reassurance on my investments.......just knocking the edges off bullish gold bugs....time WILL prove

euroboom13 · 18-04-2013 7:18am

DarkDusk wrote: »

So what is your current investment portfolio? Which equities have been big winners for you lately?

Your attitude towards the stock market resembles the attitude people had to property pre-2008. "Upward only reality" - that really cracked me up!

----

The graph is the most important thing on this site: http://poorrichardsnews.com/post/45866929363/yep-qe-is-propping-up-the-stock-market
Investing in something that relies solely on the printing of money by central banks is not a good investment if you ask me. Gold differs, because if interest rates are raised this will eventually make money flow into commodities, especially PM's (as I've explained above). Either way, gold and silver will win in the long term. The Fed cannot continue to destroy the dollar and not expect and consequences to accompany their actions.

Property market was on the high end of a 20 year boom.....similar to gold....I`m telling people to get in at the bottom of a collasped european stock market ......zero similarity to (2008).........buy more gold/bitcoin you deserve it ...treat yourself

Roonbox · 18-04-2013 4:54pm

euroboom13 wrote: »

"upward only reality".....goverments need positive growth....otherwise there debt increases......crack up

....it IS how it works inflation most be greater than interest rates...
So what we`re seeing now doesnt work for goverment debt...hence the struggle...but it will be fixed and equities will be the winner.

my equity is mainly bank related......zero return high risk....slow burner but WILL be where everyone runs to in a couple of years ...

Not looking for any reassurance on my investments.......just knocking the edges off bullish gold bugs....time WILL prove

We couldn't have more different views..

euroboom13 · 18-04-2013 7:02pm

Roonbox wrote: »

We couldn't have more different views..

for the record my view is....and not looking for debate
oil down to less than...$80
gold less than $1000

equities =dow j up ..17000..$ back to e1.40
ftse up...7500
iseq up

financial crisis in the middle east..(saudi,iran....caused by cheap oil,and poor gold prices,,,income stolen)

Roonbox · 18-04-2013 7:10pm

euroboom13 wrote: »

for the record my view is....and not looking for debate
oil down to less than...$80
gold less than $1000

equities =dow j up ..17000..$ back to e1.40
ftse up...7500
iseq up

financial crisis in the middle east..(saudi,iran....caused by cheap oil,and poor gold prices,,,income stolen)

I think we will see Dow 10,000 again, prob lower, Nasdaq 2000..

I think Commodities will also fall at that time but not to the same degree, You could be right with gold at 1000.

I am waiting for a selling climax in the SM to purchase silver, hopefully before the end of the year.

euroboom13 · 18-04-2013 9:24pm

Roonbox wrote: »

I think we will see Dow 10,000 again, prob lower, Nasdaq 2000..

I think Commodities will also fall at that time but not to the same degree, You could be right with gold at 1000.

I am waiting for a selling climax in the SM to purchase silver, hopefully before the end of the year.

One things for sure we are at the most interesting time in history for investing....and it is a complete unknown future..(last monday gold drop for example).....and it is good to see a variety of views trying to figure this one out.....there is going to be alot of fortunes made and lost in the coming months....there is no safe havans.... every market is volitile$$$...i am staying clear of(oil/gold/cash)

....best of luck to all........

coolabuaile · 23-05-2013 11:39pm

Some people who are concerned about share or commodity prices tend to be concerned about self sufficiency in times of crisis and want to ensure they can provide for themselves and their families. A suggestion for those individuals would be to look into smallholding or at least growing your own veg (and buy a gold pan). Mind more at ease. Boom. We might see a financial Armageddon in our lifetimes or we may not; nobody can tell us what will happen in the future but we're all great at speculating. There's my 2 cent worth as a worrier and speculator all rolled into one small, talkative woman.

bus_driver · 25-05-2013 4:10pm

glad I sold the last of my gold in January before the fall , made a little money on it over a two year period

took a bath on silver but sold it @ 24 euro in January , its below twenty today , made what I lost back on bank of Ireland shares

SyntonFenix · 27-05-2013 5:58am

It costs between $900 to $1200, depending where you get your info, to produce an oz of gold. The market price is being manipulated, currencies around the world are being debased and sovereign debt is rising. If the price does go to $1000, it would not make any logical sense for it to stay or go below that price for long.

As for oil, all you need is for something to happen in the Middle East and the price will go towards $120 a barrel.

euroboom13 · 27-05-2013 10:07pm

SyntonFenix wrote: »

It costs between $900 to $1200, depending where you get your info, to produce an oz of gold. The market price is being manipulated, currencies around the world are being debased and sovereign debt is rising. If the price does go to $1000, it would not make any logical sense for it to stay or go below that price for long.

As for oil, all you need is for something to happen in the Middle East and the price will go towards $120 a barrel.

cost of producing gold is also inflated.

I believe ,something real will happen in the middle east when oil hits $80 a barrel,.....
(U.S. is increasing storage and production<shale talk>,price war coming....middle east oil boom is being slowly crippled by smart finance.... n korea wanted to help middle east by maintaining demand ....hence missile crisis propaganda by our news stations.....).....gold and oil slump is just what western society needs to break up middle east oil monopoly.....

OIL GOLD slump ahead.....perfect storm....

i could be wrong but i`m not going to loose money...Good luck

SyntonFenix · 02-06-2013 9:23am

euroboom13 wrote: »

OIL GOLD slump ahead.....perfect storm....

Gold has always been money. It's what's going to happen to currencies.

DarkDusk · 02-06-2013 5:01pm

euroboom13 wrote: »

cost of producing gold is also inflated.

And you don't think the Fed balance sheet isn't? :rolleyes:

DarkDusk · 02-06-2013 6:47pm

SyntonFenix wrote: »

Gold has always been money. It's what's going to happen to currencies.

Thanks a million for that video, I've never listened to MacLeod before but he certainly knows his stuff. There were some tidbits that I didn't know before, for example, about the Cypriots (not exclusively the Cypriots) looking for their physical gold from the bullion banks and this is why the price was driven down, to take away the bullishness in gold. The main reason I am in silver at the moment is the exactly the same reason MacLeod was explaining, and I've reiterated this in other threads in saying that the Fed (or any other central bank) has no exit strategy for QE programs.

euroboom13 · 03-06-2013 12:53am

DarkDusk wrote: »

And you don't think the Fed balance sheet isn't? :rolleyes:

not interested in a im right/your wrong debate

i think (i will repeat)that gold values have increased 4x since Gordon Brown and that fed printing will not impact gold because it is already overpriced....so investors whom correctly believe that increased currency means higher commodity prices will be wrong.....commodities values are falling and currency printing is in full swing?.....strange but true....its not a profit taking fall as we are being led to believe ,it is a commodity price collaspe with QE increasing..

and that is why i am staying away from all commodities now.....it is not a normal time....and dangerous to presume it is.....

It is easy to say fed qe causes gold price inflation but the truth is the opposite is happening.....

SyntonFenix · 03-06-2013 7:35am

euroboom13 wrote: »

not interested in a im right/your wrong debate

You're just interested in saying you're right then?

euroboom13 wrote: »

i think (i will repeat)that gold values have increased 4x since Gordon Brown and that fed printing will not impact gold because it is already overpriced....so investors whom correctly believe that increased currency means higher commodity prices will be wrong

"not interested in a im right/your wrong debate". Just that "they're wrong" is it? :pac:

Technically it's QE by the Fed and not Fed money printing. The only winners here are companies and investors in the stock market. The majority of this money is going into financial institutions to buy bonds. To say QE has no impact on the price of gold is wrong, these institutions are putting QE money into this market. It influences the spot price of gold.

If anyone can explain and prove otherwise, I would be more than willing to listen and stand corrected.

euroboom13 wrote: »

.....commodities values are falling and currency printing is in full swing?.....strange but true....its not a profit taking fall as we are being led to believe ,it is a commodity price collaspe with QE increasing..

Not going to last. With many countries increasing their physical gold stocks, the demand for physical gold is going to continue. The cost of gold production is looking ever more likely to increase, making new mined gold scarce.

euroboom13 wrote: »

It is easy to say fed qe causes gold price inflation but the truth is the opposite is happening.....

For the moment maybe. For you're own research, look up the estimated amount of physical gold in the world and the amount that is traded in the markets. That, along with QE, currency debasing and sovereign debt in countries throughout the world would point to gold being a good long term investment.

All your points seem to be based on whatever they're talking about on Bloomberg at the moment.

Gold

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