Lepista

Gold strategy in the current economy

12,402 posts in this topic

How many hours a day do you spend looking for something anti PM to post?

Do you not want to read different opinions?

If you just want to read stuff that reinforces your views, you probably know where to go.

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I don't have the enthusiasm to search the BIS or WGC websites for the raw data to prove it to you. Why isn't a selection of articles from Reuters, Bloomberg or the FT conclusive enough for you?

So, not exactly representative nor conclusive.

Do you have a direct link to something authoritative or just nutjob sites?

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Do you not want to read different opinions?

If you just want to read stuff that reinforces your views, you probably know where to go.

Up or down...It does not matter to me. The end is not here yet.

So who's view actually needs reinforcing?

I'm sure the poster is capable of answering without your help.

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How many hours a day do you spend looking for something anti PM to post?

I try not to let it eat into my porn surfing time.

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Up or down...It does not matter to me. The end is not here yet.

So who's view actually needs reinforcing?

I'm sure the poster is capable of answering without your help.

He is not the one complaining about the content being posted.

I object to anyone on here who tries to imply to anyone else they should not post a particular view.

All TMT did was post some info that some people might have found useful. If you don't like it, just ignore it.

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I don't have the enthusiasm to search the BIS or WGC websites for the raw data to prove it to you. Why isn't a selection of articles from Reuters, Bloomberg or the FT conclusive enough for you?

You provided a 'search'. It went off and cleverly typed the search. I read the first one which I quoted back to you above.

I asked you if you could not provide a more direct link that you felt proved your point.

You claim a list of sources that do: Reuters, Bloomberg, FT. Well, the FT didn't prove anything. I am loathe to read all the others, especially as presumably you have.

Can you help us all and give one single authoritative link that we can read to prove your point. Clearly a newspaper article is not as good as proper industry source stats but if that is all you have, then please provide that. Otherwise we could all waste a lot of time.

I'm not calling you a liar. It is just that this is a point of contention and I would like to see who is 'right' and under what parameters they have chosen.

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name='errol' I tend to act on every $100 down - so buying incrementally (in cautious size) as the $100 'grid lines' are passed. Obviously if it was to drop as low as £500-600 I would really jump in.

Can't you see the glaring contradiction Errol?

On the one hand you're a gold bug, and think 'fiat' a miserable think that needs be converted to gold ASAP.

On the other hand, you say you'll 'jump in' if/ when gold goes lower. With what? :blink:

I'm still really intrigued as to the answer to this question? Any answers yet Errol? We haven't forgotten. :D

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DYOR.

You provided a 'search'. It went off and cleverly typed the search. I read the first one which I quoted back to you above.

I asked you if you could not provide a more direct link that you felt proved your point.

You claim a list of sources that do: Reuters, Bloomberg, FT. Well, the FT didn't prove anything. I am loathe to read all the others, especially as presumably you have.

Can you help us all and give one single authoritative link that we can read to prove your point. Clearly a newspaper article is not as good as proper industry source stats but if that is all you have, then please provide that. Otherwise we could all waste a lot of time.

I'm not calling you a liar. It is just that this is a point of contention and I would like to see who is 'right' and under what parameters they have chosen.

Edited by warpig

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He is not the one complaining about the content being posted.

I object to anyone on here who tries to imply to anyone else they should not post a particular view.

All TMT did was post some info that some people might have found useful. If you don't like it, just ignore it.

Do you object to the above?

I simply asked TMT a question...I expect you found his answer to be very mature.

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chart.jpg

That slide is as weird as anything a gold bug has ever produced. :lol:

And the cruelest irony if the US were to be crucified on a strong dollar [or perhaps justice]. They might have to resort to gold, and against the market, in order to devalue.

It took a depression to take the dollar of gold, it might take another one to put it back on. :lol:

Edited by roman holiday

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I'm still really intrigued as to the answer to this question? Any answers yet Errol? We haven't forgotten. :D

One answer could be his regular wages are kept in an account until the dips.......he doesn`t necessarily have to hold a lot of fiat capital..

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Go to bis.org or gold.org and look for yourself.

What a feeble, feeble response. Linky, or it didn't happen

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Go to bis.org or gold.org and look for yourself.

Don't be so lazy. Engage in the debate by backing up your assertions with some data.

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One answer could be his regular wages are kept in an account until the dips.......he doesn`t necessarily have to hold a lot of fiat capital..

Errol's been advocating buying for ages and talking about currency collapse so I assumed he wouldn't have been saving massive amounts. That's why I asked if he had a house. I wondered if he was going to sell that to "really jump in".

Given his posts it's hard to imagine he has anything other than Gold, hence surprising at this stage he wants it to drop to £600 to "really jump in".

I'm not suggesting he might not be right about gold, I'm merely trying to connect his posts to some sort of holding in gold and not finding it easy. The General is/was another major gold bull but in the end declared he had held a mortgage free house, so not really practising as he preached.

If I see horse tipsters on TV the ones I listen to are the ones who I know put their own money on their selections. Not someone like the Daily Mirror gimp who admits he hardly bets and I suspect when he does his stake is quite low.

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My 6 year old son does this. He invests more effort in explaining why he can't do something than just doing it himself, he can't see the futility of it but I suppose he can be excused given his age.

Don't be so lazy. Engage in the debate by backing up your assertions with some data.

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My 6 year old son does this. He invests more effort in explaining why he can't do something than just doing it himself, he can't see the futility of it but I suppose he can be excused given his age.

What is it with you gold bulls? First we have JohnLennon with his "gold bears have a small *****" schtick just before gold crashes another 10% or whatever, now you with one line responses and the "I don't need to supply data and if you ask for it, that means you are a primary school kid" tosh. Why do you all need to be so obnoxious?

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You've been informed what to search for and where to search for it and you then have the audacity to call me lazy and obnoxious, because I won't do your due diligence. Does that really seem logical to you?

What is it with you gold bulls? First we have JohnLennon with his "gold bears have a small *****" schtick just before gold crashes another 10% or whatever, now you with one line responses and the "I don't need to supply data and if you ask for it, that means you are a primary school kid" tosh. Why do you all need to be so obnoxious?

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I'm not suggesting he might not be right about gold, I'm merely trying to connect his posts to some sort of holding in gold and not finding it easy. The General is/was another major gold bull but in the end declared he had held a mortgage free house, so not really practising as he preached.

If I see horse tipsters on TV the ones I listen to are the ones who I know put their own money on their selections. Not someone like the Daily Mirror gimp who admits he hardly bets and I suspect when he does his stake is quite low.

I have often wondered how much money exactly the goldbugs are committing to their view to judge how serious they actually are. Anyone honest enough to admit how much they have invested in gold on here? I'll go first, a big fat zero having sold my 5k of holdings last week.

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I have often wondered how much money exactly the goldbugs are committing to their view to judge how serious they actually are. Anyone honest enough to admit how much they have invested in gold on here? I'll go first, a big fat zero having sold my 5k of holdings last week.

That would be interesting. I bet it's not those who hold the most that shout the loudest.

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I have often wondered how much money exactly the goldbugs are committing to their view to judge how serious they actually are. Anyone honest enough to admit how much they have invested in gold on here? I'll go first, a big fat zero having sold my 5k of holdings last week.

I don't own any gold or silver at the moment.

I bought allocated both end Dec/early Jan. 80% silver and 20% gold but sold everything apart from the profit in Feb before the Greek bailout was agreed so sold too early but I thought the downside risk might be higher than the upside. I sold the free ounces that represented the profits the day before silver fell 5%.

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......

I'm not suggesting he might not be right about gold, I'm merely trying to connect his posts to some sort of holding in gold and not finding it easy. The General is/was another major gold bull but in the end declared he had held a mortgage free house, so not really practising as he preached.

If I see horse tipsters on TV the ones I listen to are the ones who I know put their own money on their selections. Not someone like the Daily Mirror gimp who admits he hardly bets and I suspect when he does his stake is quite low.

I have often wondered how much money exactly the goldbugs are committing to their view to judge how serious they actually are. Anyone honest enough to admit how much they have invested in gold on here? I'll go first, a big fat zero having sold my 5k of holdings last week.

Gold bulls need to be distinguished from gold bugs. Both are bullish on gold, but the gold bug goes further than the bull tending towards a complete politico-economic world-view*, which no doubt most are familiar with.

As a gold bull, I'm bullish on gold because I want to be as liquid as possible in the stongest currencies. I don't see a problem with owning free-hold property, but it should primarily be thought of as a real asset as opposed to a financial one. I doubt whether gold bugs are against holding free-hold property either. I wouldn't 'leverage up' because I think there's a good chance currency will strengthen against assets/ property etc. But here the gold bug might differ, and decide it's a good bet to leverage up as the currency is expected to hyper-inflate shortly, and a few ounces of gold would then pay off the mortgage.

How much gold to own? I think it would differ for everyone. Most I think are happy to have the standard token insurance amount of 5% of their worth or so... just in case of Armageddon etc. The gold bug would want near 100% of their liquid worth in gold... but more often than not it is in silver, or gold miners. The gold bull is somewhere in between; he just views gold as an appreciating currency in a deflationary environment. He wants to be as liquid as possible and in the strongest currencies, so might look at putting anywhere up to 50% of his liquid worth in gold, and then keeping the remainder perhaps divided between the reserve currency [uS dollar] and his native currency.

*

http://www.housepricecrash.co.uk/forum/index.php?showtopic=166794&view=findpost&p=3288462

Edited by roman holiday

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