Jump to content


Photo

Savers Rush For Gold As Eurozone Debt Fears Drive Up Price‎


  • Please log in to reply
22 replies to this topic

#1 Asheron

Asheron

    HPC Veteran

  • New Members
  • PipPipPipPip
  • 1,084 posts
  • About Me:As an investor, you know that any kind of investment opportunity has its risks, and investing in Stocks or Precious Metals is highly speculative. All of the content I post is for informational purposes only.

Posted 16 April 2012 - 09:09 PM

Renewed panic about debts in the eurozone has caused the price of gold to rise, triggering predictions that it will soon hit a record high.
Gold trades today at just under $1,700 (£1,070) an ounce, down from a record $1,900 last September.

Commentators predict it will rise on the back of resurgent fears over Europe’s indebted governments and banks. The authoritative Gold Survey from information group Thomson Reuters predicted last Wednesday that gold could reach $2,000 an ounce by the end of 2012 or in early 2013.


Read more: http://www.thisismon...l#ixzz1sEwJESPN
Max Keiser --- http://maxkeiser.com/
Peter David Schiff --- http://www.europac.net/
Gerald Celente --- http://www.geraldcelente.com/
Jim Rogers --- http://www.jimrogers.com/
Bob Chapman --- http://www.theintern...om/Bob_Chapman/

Investors should abide by money management principals & never risk more than they can afford to lose.
There are No guarantees when investing in the Stock Market or Precious Metals. You might lose all your money and cry.

#2 inflating

inflating

    HPC Senior Veteran

  • New Members
  • PipPipPipPipPip
  • 3,253 posts

Posted 16 April 2012 - 10:14 PM

Renewed panic about debts in the eurozone has caused the price of gold to rise, triggering predictions that it will soon hit a record high.
Gold trades today at just under $1,700 (£1,070) an ounce, down from a record $1,900 last September.

Commentators predict it will rise on the back of resurgent fears over Europe’s indebted governments and banks. The authoritative Gold Survey from information group Thomson Reuters predicted last Wednesday that gold could reach $2,000 an ounce by the end of 2012 or in early 2013.


Read more: http://www.thisismon...l#ixzz1sEwJESPN


Just FYI

gold down today to 1652USD http://www.kitco.com...s/livegold.html

report http://www.theaustra...x-1226329590434

#3 jonesinamillion

jonesinamillion

    HPC Poster

  • Members
  • PipPip
  • 173 posts

Posted 17 April 2012 - 08:32 PM

Furthermore, gold AND silver have been on the slide since 29th Feb.

#4 Take Me Back To London!

Take Me Back To London!

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,184 posts

Posted 18 April 2012 - 04:46 PM

Furthermore, gold AND silver have been on the slide since 29th Feb.


Many who saw the writing on the wall, bought when gold and especially silver got hammered in 2008 and where are we now.
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.

John Stepek

#5 R K

R K

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 23,045 posts
  • Location:Republik of Mancunia

Posted 02 May 2012 - 04:11 PM

Many who saw the writing on the wall, bought when gold and especially silver got hammered in 2008 and where are we now.


It's underperformed

Should have bought AAPL. AAPL pays divs too.


"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


#6 Ruffneck

Ruffneck

    HPC Senior Veteran

  • New Members
  • PipPipPipPipPip
  • 4,478 posts
  • Location:Australia

Posted 05 May 2012 - 12:17 PM

It's underperformed

Should have bought AAPL. AAPL pays divs too.

Technically they only just announced dividends , have they even given any out yet?
“The world has been chilling sharply for about twenty years. If present trends continue, the world will be about four degrees colder for the global mean temperature in 1990, but eleven degrees colder in the year 2000. This is about twice what it would take to put us into an ice age.”
• Kenneth Watt, Ecologist , Earth Day 1970

#7 Take Me Back To London!

Take Me Back To London!

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,184 posts

Posted 06 May 2012 - 01:04 PM

It's underperformed

Should have bought AAPL. AAPL pays divs too.


Hi Banana Monarchy,

I have to disagree with that statement.

The last time Apple paid a dividend was back in 1995.

I do not wish to be rude, I am not here to do that, but did you buy Apple shares with every last penny you had and every bit of credit you had available when the shares were around $2 to $3 or is this hindsight advice? £100K invested back then would be £20+ million now. I am not interested one bit in shares and so that does not keep me up at night. I am interested, as well as the people in Europe as this thread relates to, in having wealth in the safest and best place and that's the World's premier reserve currency. Gold and Apple shares are two completely different things, the former is money, the latter is not.

Gold has done very well, up 15% a year on average over over the last decade and 47 fold since 1971 . I wished I had kept my money in the building society and taken the advice of financial advisers to have a FTSE 100 tracker. :lol:

Edited by Take Me Back To London!, 06 May 2012 - 04:36 PM.

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.

John Stepek

#8 R K

R K

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 23,045 posts
  • Location:Republik of Mancunia

Posted 07 May 2012 - 01:47 PM

Hi Banana Monarchy,

I have to disagree with that statement.

The last time Apple paid a dividend was back in 1995.

I do not wish to be rude, I am not here to do that, but did you buy Apple shares with every last penny you had and every bit of credit you had available when the shares were around $2 to $3 or is this hindsight advice? £100K invested back then would be £20+ million now. I am not interested one bit in shares and so that does not keep me up at night. I am interested, as well as the people in Europe as this thread relates to, in having wealth in the safest and best place and that's the World's premier reserve currency. Gold and Apple shares are two completely different things, the former is money, the latter is not.

Gold has done very well, up 15% a year on average over over the last decade and 47 fold since 1971 . I wished I had kept my money in the building society and taken the advice of financial advisers to have a FTSE 100 tracker. :lol:


Anyone who puts every last penny of their assets into anything near the top of a ponzi bubble* (such as gold) deserves everything that's coming to them.

* which I would broadly define as any asset whose price is entirely dependent upon new money flows rather than discounted future cash flows. Gold has negative future cash flows and is thus a highly volatile ponzi which tends to oscillate around a long term mean. It's obvious to everyone except vested interests that it's nearer the top of its long term oscillation than the bottom.

When China crashes and burns so too will commodities and metals.

Gold isn't money. But I'm not re-opening that pointless debate. Gold is very poor value on its ponzi bubble path at these prices (in historical terms - all the goldbug charts tell you that). If it goes higher before the bubble bursts then it only becomes less attractive and higher risk.

I apologise for not engaging in 'debates' about this. It's clear on all historic measures. Can it go higher here? Yes of course. Will the bubble burst? Yes, of course. Will it appear a 'one way' bet before it does? Absolutely. So what?


"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


#9 Errol

Errol

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 9,695 posts

Posted 07 May 2012 - 02:09 PM

Anyone who puts every last penny of their assets into anything near the top of a ponzi bubble* (such as gold) deserves everything that's coming to them.


Were you one of those calling a top when it was $500? $700? $1000?

The bubble is in paper. We are heading for a total paper money collapse.

Want to get paid for polls? Try YouGov


#10 Errol

Errol

    I live on HPC!

  • Members
  • PipPipPipPipPipPipPip
  • 9,695 posts

Posted 07 May 2012 - 02:11 PM

It's underperformed

Should have bought AAPL. AAPL pays divs too.


You did this did you - or are you just talking pointlessly?

Want to get paid for polls? Try YouGov


#11 Take Me Back To London!

Take Me Back To London!

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,184 posts

Posted 07 May 2012 - 03:51 PM

Anyone who puts every last penny of their assets into anything near the top of a ponzi bubble* (such as gold) deserves everything that's coming to them.

* which I would broadly define as any asset whose price is entirely dependent upon new money flows rather than discounted future cash flows. Gold has negative future cash flows and is thus a highly volatile ponzi which tends to oscillate around a long term mean. It's obvious to everyone except vested interests that it's nearer the top of its long term oscillation than the bottom.

When China crashes and burns so too will commodities and metals.

Gold isn't money. But I'm not re-opening that pointless debate. Gold is very poor value on its ponzi bubble path at these prices (in historical terms - all the goldbug charts tell you that). If it goes higher before the bubble bursts then it only becomes less attractive and higher risk.

I apologise for not engaging in 'debates' about this. It's clear on all historic measures. Can it go higher here? Yes of course. Will the bubble burst? Yes, of course. Will it appear a 'one way' bet before it does? Absolutely. So what?


Paper money is being wiped out, you can not get a positive return on it and that is why gold is the place to be. Keeping your money in the bank and you have had and will continue to have your purchasing power taken away from you. If things were or near "normal" and not like now with things in a complete financial turmoil and on the edge of outright castastrophe I would be the proud holder of paper fiat. I do not have gold for the fun of it.

I put the bulk of my money in gold between 2006 and 2009, I was told back then that it was a ponzi about to crash and burn, yet the fundamentals have just got stronger and the price of gold has steadily gone up, the mainstream are still not into it, they are still as they have said over the most part of the last 11 years talking it down. Gold continues to be sold by the weak hands and being bought by the stronger hands, the poor are being stripped of their wealth, which I do not like one bit, but I am not going down without a fight.


China crash and burn :lol: It's the West that is doing the crashing and burning.


Gold is not money, you say. Why do Central Banks hold hundreds and thousands of tons of it? Why is China paying for oil from Iran with gold from the 28th June to get around the USA shutting down the SWIFT payment system to Iran?

Please post the chart(s) that show gold is overvalued. Against the amount of paper money now in existence by past history gold is undervalued.

Edited by Take Me Back To London!, 07 May 2012 - 04:22 PM.

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.

John Stepek

#12 MrFlibble

MrFlibble

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,003 posts

Posted 08 May 2012 - 12:18 PM

Posted Image

I'm confused by this Ponzi Gold Bubble and have some questions...

Can someone please explain what happened to the Media Attention, Enthusiasm, Greed, Delusion and New Paradigm phases? Did we short-circuit those and head straight into Capitulation or did we miss the Media Attention bit and only a handful of Gold Bugs take us through the other phases?

Also, how come the heard never got sheared in this Ponzi Bubble? I thought the grand plan with these things always involves the media and so called experts herding the people into the bubble just before the @rse falls out, the smart money buys in early and sells to the average Joe who is always late to the party and desperate to buy into the dream after being egged on by the media and other participants.
"Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves." - Norm Franz

In Gold we trust...

#13 Russe11

Russe11

    HPC Regular

  • New Members
  • PipPipPip
  • 719 posts

Posted 08 May 2012 - 01:20 PM

Such demand that gold dips below £1000 oz today

#14 Spot

Spot

    HPC Regular

  • Members
  • PipPipPip
  • 876 posts
  • Location:Worlds End, Solihull
  • About Me:Music, Guitars, Drums, Recording, DJ, Lighting, Motorbikes, Fast Cars, Flying, Curry, Period Property.

Posted 08 May 2012 - 01:39 PM

Such demand that gold dips below £1000 oz today

Opportunity to buy! :D

#15 Russe11

Russe11

    HPC Regular

  • New Members
  • PipPipPip
  • 719 posts

Posted 08 May 2012 - 02:05 PM

I think come friday you will be lucky if the price begins with a 9




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users