Grandmasterspank Posted October 23, 2014 Share Posted October 23, 2014 What to write.....IMHO, gold is in a huge bubble and if you continue in your belief system you may lose allot of money. I write this not as a 'troll' but as someone who gets the whole narative and someone who got sucked into the goldbug mindset. Having skimmed through this forum, seems there are allot of GBs here. Free your minds! Test your assertions, they do not hold inmho. Hold a tiny 1-2% in your balanced portfolio. No more. Quote Link to comment Share on other sites More sharing options...
Errol Posted November 4, 2014 Share Posted November 4, 2014 Obviously not gold (though I believe the gold eagle sales were pretty good as well) - October Silver Eagle Sales Set A Monthly Record http://investmentresearchdynamics.com/october-silver-eagle-sales-set-a-monthly-record/ Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted November 5, 2014 Share Posted November 5, 2014 (edited) When does it all happen though.When will physical silver demand exceed supply....ever? Edited November 5, 2014 by GinAndPlatonic Quote Link to comment Share on other sites More sharing options...
Errol Posted January 27, 2015 Share Posted January 27, 2015 Dutch gold reserves up for 1st time in 16 years, Russia buys more * Netherlands raised gold holdings by 9.61 tonnes in December-IMF * Russia added 20.73 tonnes in December-IMF http://www.reuters.com/article/2015/01/27/gold-imf-holdings-idUSL4N0V60WJ20150127 Quote Link to comment Share on other sites More sharing options...
Errol Posted February 5, 2015 Share Posted February 5, 2015 Where Is Mein Gold? Almost half of Germany’s gold is stored in vaults under the streets of Manhattan. Or is it? http://www.bloomberg.com/news/features/2015-02-05/germany-s-gold-repatriation-activist-peter-boehringer-gets-results#news/features/2015-02-05/germany-s-gold-repatriation-activist-peter-boehringer-gets-results Quote Link to comment Share on other sites More sharing options...
Errol Posted April 21, 2015 Share Posted April 21, 2015 Quote Link to comment Share on other sites More sharing options...
Errol Posted May 6, 2015 Share Posted May 6, 2015 There's a new cryptocurrency coming, and it's backed by gold http://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5?IR=T Quote Link to comment Share on other sites More sharing options...
Errol Posted June 26, 2015 Share Posted June 26, 2015 24k Gold Racing Bike *Not actually gold, but merely 'embellished' with it. lol http://www.firebox.com/product/7156/24k-Gold-Racing-Bike?via=whatsnew Quote Link to comment Share on other sites More sharing options...
DiggerUK Posted July 2, 2015 Share Posted July 2, 2015 Had enough playing with your skateboard. All you need now, is a gold plated lump of polystyrene for your head..._ Quote Link to comment Share on other sites More sharing options...
Errol Posted February 11, 2016 Share Posted February 11, 2016 A gold helmet. That would be fun! Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted February 12, 2016 Share Posted February 12, 2016 There's a new cryptocurrency coming, and it's backed by gold http://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5?IR=T So did it arrive? Quote Link to comment Share on other sites More sharing options...
Errol Posted February 26, 2016 Share Posted February 26, 2016 Against the Dollar? What Russia’s Increase of Bullion Reserves Could MeanRussia seems to be launching a silent attack on the supremacy of the dollar and the Western countries, as President Putin is buying gold with “little fanfare, but on a large scale”; as there is no evident economic reason for such an increase, the move will provide Russia with an insurance against crises, according to German media. http://sputniknews.com/russia/20160226/1035375018/russia-gold-reserves-increase.html Quote Link to comment Share on other sites More sharing options...
Errol Posted March 4, 2016 Share Posted March 4, 2016 (edited) Canada’s golden age is over Canada has used up all of its gold reserves. For the first time since 1935 the country is out of gold. The volume of gold reserves in Canada has declined steadily over the past 50 years. In the mid-1960s, Canada’s gold reserves exceeded 1,000 tons. By 1985, half had been sold. In 2015, the reserves were down to three tons and now the country has no gold left. https://www.rt.com/business/334498-canada-gold-reserves-economy/ Edited March 4, 2016 by Errol Quote Link to comment Share on other sites More sharing options...
Errol Posted July 6, 2016 Share Posted July 6, 2016 GBP Gold performance 30 days - up 20% 6 months - up 41% 1 year - up 38% 16 years - up 448% http://goldprice.org/gold-price.html Quote Link to comment Share on other sites More sharing options...
goldmercury Posted July 8, 2016 Share Posted July 8, 2016 I am cashing out of my 2008 purchases today. Feel bad for selling as I've held so long and the outlook still points to gold. Keep buying if you can Quote Link to comment Share on other sites More sharing options...
Errol Posted September 7, 2017 Share Posted September 7, 2017 In Gold We Trust: How the 'Entire Western Monetary System is a Fraud' The largest Russian bank, Sberbank, is planning to increase the supply of gold to China up to 10-15 tons in 2018. Keeping in mind that both the Russian ruble and Chinese yuan are covered by gold, this step is a part of the “de-dollarization” of their economies, according to economist Peter Koenig. https://sputniknews.com/business/201709071057180089-sberbank-gold-china-russia-economy/ Quote Link to comment Share on other sites More sharing options...
Errol Posted October 3, 2017 Share Posted October 3, 2017 Russia stockpiles gold in continued push away from US dollar The Central Bank of Russia (CBR) has more than doubled the pace of gold purchases over the past decade, adding more than 1,250 tons to its gold reserves according to World Gold Council data. https://www.rt.com/business/405526-russia-highest-gold-reserves/ Quote Link to comment Share on other sites More sharing options...
Errol Posted January 22, 2018 Share Posted January 22, 2018 Central Bank Of Russia Adds A Record 223 Tons Of Gold In 2017 The Russian Central Bank added 300,000 ounces (9.3 tons) of gold to its reserves in December, bringing the total acquisitions of the precious metal in 2017 to a record 223 tons. https://www.zerohedge.com/news/2018-01-21/central-bank-russia-adds-record-223-tons-gold-2017 Quote Link to comment Share on other sites More sharing options...
Goldmember Posted February 17, 2023 Share Posted February 17, 2023 On 23/10/2014 at 23:28, Grandmasterspank said: What to write.....IMHO, gold is in a huge bubble and if you continue in your belief system you may lose allot of money. I write this not as a 'troll' but as someone who gets the whole narative and someone who got sucked into the goldbug mindset. Having skimmed through this forum, seems there are allot of GBs here. Free your minds! Test your assertions, they do not hold inmho. Hold a tiny 1-2% in your balanced portfolio. No more. IMHO you're full of it. You offer no valuation for gold. I do and here it is. The UK has 310.3tons of gold reserves. It's monetary base is approaching £1 trillion. So if the SCO+, BRICS+ and EAEU adopt a gold standard AS THEY ARE DOING, then the World will have to follow suit as everyone dumps un-backed paper funny money. That means a gold price of £100,000 to fully back the monetary base. As J.P. Morgan correctly said, when asked if credit was money: "Gold is money and nothing else." EVEN IF they don't adopt a reset to the gold standard, paper funny money is GUARANTEED to lose purchasing power THAT'S THE WHOLE IDEA OF PAPER FUNNY-MONEY RATHER THAN GOLD. And ESPECIALLY with being up to our eyeballs in debt now. So WHERE'S proof of a bubble? Why hold 1~2% if it's in a bubble? Where's the logic, rather than unfounded claims? Quote Link to comment Share on other sites More sharing options...
Goldmember Posted February 17, 2023 Share Posted February 17, 2023 Furthermore, they signed the Central Bank Gold Agreement in Sep99. This ostensibly limits gold sales. But in reality, it limits gold purchases and redistributes gold between them On 06/05/2015 at 09:52, Errol said: There's a new cryptocurrency coming, and it's backed by gold http://www.businessinsider.com/hayek-cryptocurrency-backed-by-gold-2015-5?IR=T If you don't hold it, you don't own it. Quote Link to comment Share on other sites More sharing options...
winkie Posted June 18, 2023 Share Posted June 18, 2023 Nobody that owns gold should want it to go up......just to hold its value, would be a bonus. Quote Link to comment Share on other sites More sharing options...
bodgittandscarper Posted July 10, 2023 Share Posted July 10, 2023 I only just found this section! Mmm, shiny things! Quote Link to comment Share on other sites More sharing options...
Wurzel Of Highbridge Posted July 10, 2023 Share Posted July 10, 2023 About time we had another PM bubble. Some of us are still holding PM's from back in the day 🤣 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.