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#11191 Errol

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Posted 15 December 2011 - 07:35 PM

Bear in mind the current correction is not particularly large by gold standards -

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http://opinions.cadu...php?f=20&t=4983

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#11192 Take Me Back To London!

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Posted 08 January 2012 - 08:39 PM

I think you're spot on actually, even if all fiat curriences collapsed tomorrow that doesn't mean that gold will become money.

The economic system is just a set of rules that the big players draw up, in the event of the EU and US going under they'd just start again with a different set of rules. Last time the US was on a gold standard was in 1971 and gold was $35 per oz. If they were to draw up a different set of rule I can see no reason why the big powers would choose to draw up a set of rules that say that only gold is money and make South Africa and Indian amoung the richest countries in the world over night.

I can totally understand people saying cash is trash in the long-term and only king in the short term so use your cash to buy assets to protect against inflation, that makes sense. But why not buy a productive asset that produces a yield, like dividend paying shares in a major company with loads of assets, e.g. Shell, BHP Billition, even Microsoft. Even an over valued property is still an asset that produces a yield in the form of a rent.

But buying a lump of metal for over £1,000 per oz and storing that in your house? Doesn't seem the way to go to me.

I think gold is a bubble.


We were hearing all this when gold was over £500 and to mention it sub £500 as well.

Storing electronic digits in a bank does seem wise.

I am still waiting for my paper cash to gain purchasing power, where is my deflation, 6 years and counting lurking and posting on HPC and being told gold is finished.
Bankers may well have acted as if they’ve been sitting in the casino during the boom years. But it was a state-owned casino, with governments as the croupiers, and central bankers behind the bar giving out free booze.

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#11193 200p

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Posted 11 January 2012 - 07:21 PM

Gold is in a bubble, but there is long way to go.

One of my gold stocks had a mainstream instituitional investor sell 1%+ of it's holdings in the last 1 or 2 months. I believe by tracking these trades, a significant part of these shares went straight into the fund manager's personal/ or spouse's account. Why would they do that? Are they going to front run their own trades?

The city is still up to it's old tricks!

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#11194 Errol

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Posted 11 January 2012 - 10:24 PM

Gold “bubble” bursting? – I don’t think so - Detlev Schichter: http://papermoneycol...n’t-think-so/

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#11195 SaintJay

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Posted 13 January 2012 - 11:06 AM

http://ftalphaville....-metal-pawning/

Pawning gold for dollars pushes gold prices down. Expected to to regain to target of $1940/toz.

#11196 Errol

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Posted 14 January 2012 - 08:55 AM

http://kingworldnews...er_Markets.html - Barron - Physical Gold & Silver to Crush Paper Markets

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#11197 R K

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Posted 15 January 2012 - 07:50 PM

Wake me up when it's $1050.


"The problem with capitalism is that eventually you end up with everyone else's money" RK
"We have now entered The Great Rebalancing 2007-20xx" - RK
"Gold will go to $1000, Silver to $18" - RK August 2011
QE £100bn and build 1m council homes - RK
Carney announces the launch of Empire 2.0 - Rise of the Banksters Oct '13


#11198 Errol

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Posted 15 January 2012 - 10:33 PM

Wake me up when it's $1050.


We'll all be awake if that happens. God, I would love that kind of price (particularly if it was mirrored by a sterling drop).

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#11199 Errol

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Posted 25 January 2012 - 09:44 PM

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#11200 Spot

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Posted 25 January 2012 - 10:51 PM

An interesting bit in the last Keiser Report (240) about current market manipulations - See 21:08 - 26:33.

http://rt.com/progra...-240-max-keiser

Describes how going long overnight gold and short on intraday gold has annualised about 43% every year since 2009, ie: doubling your money every 2 years.

So not knowing dick about trading other than holding a few shares long term, how the hell would I do this if I wanted to test this out with a small pot of money and my selftrade account?

#11201 kenzdawg

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Posted 29 January 2012 - 07:33 PM

An interesting bit in the last Keiser Report (240) about current market manipulations - See 21:08 - 26:33.

http://rt.com/programs/keiser-report/episode-240-max-keiser

Describes how going long overnight gold and short on intraday gold has annualised about 43% every year since 2009, ie: doubling your money every 2 years.

So not knowing dick about trading other than holding a few shares long term, how the hell would I do this if I wanted to test this out with a small pot of money and my selftrade account?


I saw that on ZH. Dunno, but I`d guess the transaction costs would eat up all the profit on churning a small account. Might work if you were trading millions directly to the open outcry market. i.e. you are Goldman Sachs.

Edited by kenzdawg, 29 January 2012 - 07:33 PM.

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#11202 GeordieAndy

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Posted 31 January 2012 - 08:44 AM

Interesting past 24 hours with Gold just surging to $1745 a few minutes ago .

Also just a recommendation for those who haven't come across Turd yet - check his site out here as it's a precious metals friendly place and there are some good discussions and charts most days.

#11203 Errol

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Posted 22 February 2012 - 11:25 PM

Banksters making a play for the stuff that's actually worth having ...

Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, was also upset that Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal

http://www.nytimes.c...ilout.html?_r=1

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#11204 Stay Beautiful

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Posted 23 February 2012 - 12:26 AM

Banksters making a play for the stuff that's actually worth having ...

Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, was also upset that Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal

http://www.nytimes.c...ilout.html?_r=1


Upset? Barbarous Relic, pahh,

http://barbarous-relic.blogspot.com/

#11205 GeordieAndy

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Posted 24 February 2012 - 01:15 PM

New swish video that is doing the rounds makes a good case for gold...






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