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warpig, on 19 April 2012 - 03:13 PM, said:
We also know some people can't recognise value when it's right in front of them.
Let's stick to the objective evidence shall we?
My evidence is long run reversion.
Yours is?
Gold strategy in the current economy
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#3001
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Posted 19 April 2012 - 03:40 PM
Let's stick to the objective evidence shall we?
My evidence is long run reversion.
Yours is?
"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
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#3002
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Posted 19 April 2012 - 04:00 PM
Common sense.
Red Knight, on 19 April 2012 - 03:40 PM, said:
Let's stick to the objective evidence shall we?
My evidence is long run reversion.
Yours is?
My evidence is long run reversion.
Yours is?
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Posted 19 April 2012 - 04:02 PM
Red Knight, on 19 April 2012 - 03:40 PM, said:
Let's stick to the objective evidence shall we?
What did the 'evidence' tell you back in 2002? I presume you loaded up with hundreds of ounces of gold since you would have known it was going to $1900?
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Posted 19 April 2012 - 04:12 PM
warpig, on 19 April 2012 - 04:00 PM, said:
Common sense.
You could have at least offered some of Errol's historical charts of tails and real price.
Oh well. No evidence, no discussion. Which is more than fine with me.
"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
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Posted 19 April 2012 - 04:16 PM
Errol, on 19 April 2012 - 04:02 PM, said:
What did the 'evidence' tell you back in 2002? I presume you loaded up with hundreds of ounces of gold since you would have known it was going to $1900?
We don't do 'personal' remember?
It's not about you etc etc
"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
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Posted 19 April 2012 - 04:20 PM
Quote
Paul Lewis Financial journalist, BBC Money Box.
I am on Nightwaves on BBC Radio 3 at 10pm tonight discussing the social, financial, and historic place of gold with A S Byatt among others.
I am on Nightwaves on BBC Radio 3 at 10pm tonight discussing the social, financial, and historic place of gold with A S Byatt among others.
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#3007
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Posted 19 April 2012 - 04:23 PM
Forget about the past, look to the present need for a safe haven and future needs for global growth. If you're constantly driving looking in the rear mirror you won't see the wall directly in front of you.
http://www.scientifi...ow-much-is-left
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2029 >> Silver
Because silver naturally kills microbes, it is increasingly used in bandages and as coatings for consumer products. At current production levels, about 19 years’ worth of silver remains in the ground, but recycling should extend that supply by decades.
2030 >> Gold
The global financial crisis has boosted demand for gold, which is seen by many as a tangible (and therefore lower-risk) investment. According to Julian Phillips, editor of the Gold Forecaster newsletter, probably about 20 years are left of gold that can be easily mined.
Because silver naturally kills microbes, it is increasingly used in bandages and as coatings for consumer products. At current production levels, about 19 years’ worth of silver remains in the ground, but recycling should extend that supply by decades.
2030 >> Gold
The global financial crisis has boosted demand for gold, which is seen by many as a tangible (and therefore lower-risk) investment. According to Julian Phillips, editor of the Gold Forecaster newsletter, probably about 20 years are left of gold that can be easily mined.
http://www.scientifi...ow-much-is-left
Red Knight, on 19 April 2012 - 04:12 PM, said:
You could have at least offered some of Errol's historical charts of tails and real price.
Oh well. No evidence, no discussion. Which is more than fine with me.
Oh well. No evidence, no discussion. Which is more than fine with me.
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Posted 19 April 2012 - 04:33 PM
What year did you buy your first ounce? I seem to recall you were an early bird, but I can't remember the year.
Errol, on 19 April 2012 - 04:02 PM, said:
What did the 'evidence' tell you back in 2002? I presume you loaded up with hundreds of ounces of gold since you would have known it was going to $1900?
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Posted 19 April 2012 - 04:39 PM
warpig, on 19 April 2012 - 04:33 PM, said:
What year did you buy your first ounce? I seem to recall you were an early bird, but I can't remember the year.
He may own a few ounces but Errol is currently waiting for the price to drop to £600 so he can "really jump in".
If you say "democorruptcy" quickly, it sounds a bit like "democracy". In a "democracy" people vote for politicians who represent their interests. In the UK's "democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
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Posted 19 April 2012 - 04:47 PM
What's wrong with that? If the price dropped that low, I would find the cash as well.
Democorruptcy, on 19 April 2012 - 04:39 PM, said:
He may own a few ounces but Errol is currently waiting for the price to drop to £600 so he can "really jump in".
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Posted 19 April 2012 - 04:56 PM
Red Knight, on 19 April 2012 - 04:16 PM, said:
We don't do 'personal' remember?
It's not about you etc etc
It's not about you etc etc
The point is that if you bring up the 'evidence/charts' then presumably you must have been looking at the same gold charts in 2000-2001 (or after the minor crash in 2005). What did they tell you then? Did they say the price was going to $1900?
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#3013
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Posted 19 April 2012 - 05:17 PM
That's insight for you!
Errol, on 19 April 2012 - 04:55 PM, said:
2001.
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Posted 19 April 2012 - 05:32 PM
warpig, on 19 April 2012 - 04:47 PM, said:
What's wrong with that? If the price dropped that low, I would find the cash as well.
There's nothing wrong with it.
It's just that you were suggesting he was an early bird when obviously the price was already well below £600. So it seems a bit strange to me that such a gold bug "hasn't found the cash" much earlier. Rather will their current holding to drop in value before they make the effort.
If you say "democorruptcy" quickly, it sounds a bit like "democracy". In a "democracy" people vote for politicians who represent their interests. In the UK's "democorruptcy" people can only vote for expense fiddling thieving MPs who are in the hip pocket of big business and the finance sector.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
The Funding for Lending Scheme (FLS) is stealing from savers to make them pay for crimes by bankers. Via lower interest on savings, all the bank fines for PPI, LIBOR and interest rates swaps are now being paid by savers so that bankers can keep pocketing bonuses.
"We need to make a really big change: from an economy built on debt to an economy built on savings" - David Camoron Jan 2009
"Printing money is the last resort of desperate governments when all other policies have failed" - George Osborne Jan 2009
- So what do Camoron & Osborne do? Print money and leave interest rates at 0.5% when inflation is over 5%
If it is asserted that civilization is a real advance in the condition of man -- and I think that it is, though only the wise improve their advantages -- it must be shown that it has produced better dwellings without making them more costly; and the cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run.
http://classiclit.ab...en-Part-2_4.htm
Did you recognise the two robbers in my avatar? Clue: One got a knighthood and inflation linked pension, the other a 150 year prison sentence.
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Posted 19 April 2012 - 08:41 PM
I suspect like me he adds to his holdings as often as he can. I can only speak for myself, but if the price dropped that much, I would look to sell something to raise the capital to buy as much as I could. When a bargain presents itself, you buy it whatever the cost.
Democorruptcy, on 19 April 2012 - 05:32 PM, said:
There's nothing wrong with it.
It's just that you were suggesting he was an early bird when obviously the price was already well below £600. So it seems a bit strange to me that such a gold bug "hasn't found the cash" much earlier. Rather will their current holding to drop in value before they make the effort.
It's just that you were suggesting he was an early bird when obviously the price was already well below £600. So it seems a bit strange to me that such a gold bug "hasn't found the cash" much earlier. Rather will their current holding to drop in value before they make the effort.