Friday, Jun 19, 2009
US:Gold or Property?
Bloomberg: Gold May Fall as Investors Leave ‘Cave of Fear,’ Buy Property
Gold may decline as investors leave a “cave of fear” and buy other assets such as property. Twelve of 22 traders, investors and analysts surveyed, or 55 percent, said bullion would drop next week, the second consecutive negative call. Eight people forecast higher prices and two were neutral. Gold futures for delivery in August were down 0.8 percent for the week, at $933.10 an ounce, as of midday in New York yesterday. (Time to sell Gold, buy Property, anyone?).
Posted by alan @ 10:27 PM (863 views) Add Comment
10 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. quiet guy said...
I can understand that blog readers might be getting a bit tired of gold articles (there is a dedicated forum area) but to prefer property over precious metals seems questionable to me. Gold may or may not have peaked but the outlook for property prices in the US and UK looks just awful right now. At least gold is a liquid asset so you can change your mind quickly if you want to but buying and disposing of property is a slow business. On the other hand, if you buy property then the government might adopt policies that help you. Gamble on gold, if you are so inclined, or stay in shares and cash but property? No thanks.
2. jonb said...
Sell gold, yes. Buy property, no.
3. Bill said...
Buy gold yes, buy property no.
4. hpwatcher said...
I don't see why it has to be either or. Both are pretty overpriced, but gold is yet to enter the full bubble mode.....unlike property.
5. little professor said...
gold is yet to enter the full bubble mode
O RLY?
6. confused76 said...
from the chart can cleary see gold = another bubble waiting to burst
apply all the waves, the double tops, the double deckers, the top megaphones, the channels, the resistances and the bottoms
how about testing the bottom? breaking resistance?
7. mark wadsworth said...
Gold looks absolutely bubblicious.
8. Matt_the_hat said...
4. little professor ,5. confused76, 6. mark wadswort
The chart look like any M3 money supply one - is it gold that is overpriced and "money" that is constant or something else??
9. Contrary_contrarian said...
http://www.cnbc.com/id/31450173 : Hyperinflation Could Hit US In 5-10 Years: Says Marc Faber: AKA Dr. Doom
Asked where he would put his money, Faber replied:
"I'm not very bullish about real estate prices in the U.S., but I'd rather be in real estate than in 30-year U.S. bonds."
10. Bear Of Little Brain said...
Little Prof:
Perhaps you'd be kind enough to post a 1970-1990 gold chart to see how things may go…