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The Golden Child

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About The Golden Child

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    http://www.precious-metal-investment.blogspot.com/

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    http://www.precious-metal-investment.blogspot.com/
  1. Certain possesions that can be bought are a store of value when priced in FIAT money. As fiat money always devalues itself. http://en.wikipedia.org/wiki/Store_of_value A recognized form of exchange can be a form of money or currency, a commodity like gold, or financial capital. To act as a store of value, these forms must be able to be saved and retrieved at a later time, and be predictably useful when retrieved. Storage of value is one of several distinct functions of money. The other functions are the standard of deferred payment, which requires acceptability to parties owed a debt, and the unit of account, which requires fungibility so accounts in any amount can be readily settled. It is also distinct from the medium of exchange function which requires durability when used in trade and to minimize fraud opportunities.[1] With money being a storage of value was the start of monetary inflation cycles where the under and over abundance of market goods can lead to price instability.[2] Common alternatives that act as stores of value are: * real estate - actual deeds in protectible land * gold - once the basis of the gold standard * silver - once the basis of the silver standard * precious stones, and precious metals * collectibles, e.g. original art by a famous artist or antiques * livestock (see African currency) * stock While these items may be inconvenient to trade daily or store, and may vary in value quite significantly, they rarely or never lose all value. This is the point of any store of value, to impose a natural risk management simply due to inherent stable demand for the underlying asset. It need not be a capital asset at all, merely have economic value that is not known to disappear even in the worst situation. In principle, this could be true of any industrial commodity, but gold and precious metals are generally favored because of their demand and rarity in nature, which reduces the risk of devaluation associated with increased production and supply.
  2. Me too, I only come here to moan & complain because im bored. I pretend to be with the bullion crowd but really i love paper fiat money & debt. I love being able to borrow & wish this crisis would end asap so that I could start a BTL portfolio & drive exotic cars paid for by new immagrants on welfare. I love the UK GOVT, Gordon Brown & anything that I have said in the past was purely juvenial immature teenage jelousy
  3. 20K in real deal money sitting secure. Appreciating nicely.. was 10K in 2007
  4. The US dollar is the main reserve currency so Gold is mostly measured against it. I prefer ounces per house. But that often upsets the bears on here, as they missed out on 50%+ discounts... so far
  5. Gold in a bubble... ? Its price has been suppresed & generations have forgotten its power. Fiat printed paper money... now thats in a bubble & its popping right now.
  6. 143 analysts maintain that gold will eventually reach a parabolic peak price of at least $3,000/ozt. before the bubble bursts. Of those 143 a total of 103 see gold achieving a price of at least $5,000/ozt. and 20 predict that gold will reach a parabolic peak price of $10,000 per troy ounce or more. Take a look here at who is projecting what, by when and why. Words: 745 Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) and www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) has identified below the analysts by name with their price projections and time frame. Please note that this complete paragraph, and a link back to the original article*, must be included in any article posting or re-posting to avoid copyright infringement. http://www.google.co.uk/url?sa=t&rct=j&q=is%20gold%20on%20its%20way%20to%20%243%2C000%2C%20%245%2C000%2C%20%2410%2C000%20or%20even%20higher%3F%20these%20analysts%20think%20so&source=web&cd=1&ved=0CB0QFjAA&url=http%3A%2F%2Fwww.munknee.com%2F2011%2F10%2Fis-gold-on-its-way-to-3000-5000-10000-or-even-higher-these-analysts-think-so%2F&ei=mKPMTvzzKIzf8QPjzxg&usg=AFQjCNENveBitoTdIaiiv_zNr-c_KxCt7Q&cad=rja 4 Analysts See Gold Reaching These Prices By the End of 2011! 1. Bob Kirtley: $10,000; 2. Patrick Kerr: $5,000 – $10,000; 3. Taran Marwah: $3,000; 4. Colin Fenton: $2,500 14 Analysts See Gold Reaching These Prices in 2012 1. Arnold Bock: $10,000; 2. Porter Stansberry: $10,000; 3. Taran Marwah: $6,000+; 4. Greg McCoach: $5,000+; 5. Robert McEwen: $5,000; 6. Mary Anne and Pamela Aden: $3,000 – $5,000; 7. Lindsey Williams: $3,000 – $4,000; 8. John Paulson: $2,400 – $4,000; 9. Bob Chapman: $2,500 – $3,000; 10. Ian McAvity: $2,500 – $3,000; 11. Kurtis Hemmerling: $2,500 – $3,000 12. Peter Hambro: $2,500; 13. Charles Nenner: $2,500; 14. Arnie Waters: $2,500 12 Analysts See Gold Price Going to +$10,000 1. DoctoRX: $20,000 (by 2020); 2. Mike Maloney: $15,000; 3. Ben Davies: $10,000 – $15,000; 4. Howard Katz: $14,000; 5. Jeffrey Lewis: $7,000 – $14,000; 6. Jim Sinclair: $12,455; 7. Goldrunner: $10,000 – $12,000; 8. Martin Armstrong: $5,000 – $12,000 (by 2015/16); 9. Robin Griffiths: $3,000 – $12,000 (by 2015); 10. Jim Rickards: $4,000 – $11,000; 11. Roland Watson: $10,800; 12. Dylan Grice: $10,167 53 Analysts See Gold Price Going Over $5,000 to as High as $10,000 1. Bob Kirtley: $10,000 (by 2011); 2. Arnold Bock: $10,000 (by 2012); 3. Porter Stansberry: $10,000 (by 2012); 4. Peter George: $10,000 (by 2015); 5. Nick Barisheff: $10,000 (by 2016); 6. Tom Fischer: $10,000; 7. Shayne McGuire: $10,000; 8. Eric Hommelberg: $10,000; 9. Marc Faber: $6,000 – $10,000; 10. David Petch: $6,000 – $10,000; 11. Gerald Celente: $6,000 – $10,000; 12. Egon von Greyerz: $6,000 – $10,000; 13. Peter Schiff: $5,000 – $10,000 (in 5 to 10 years); 14. Patrick Kerr: $5,000 – $10,000 (by 2011); 15. Peter Millar: $5,000 – $10,000; 16. Ron Paul: $5,000 – $10,000; 17. Roger Wiegand: $5,000 – $10,000; 18. Alf Field: $4,250 – $10,000; 19. Jeff Nielson: $3,000 – $10,000; 20. Dennis van Ek: $9,000 (by 2015); 21. Dominic Frisby: $8,000; 22. Paul Brodsky: $8,000; 23. James Turk: $8,000 (by 2015); 24. Joseph Russo: $7,000 – $8,000; 25. Bob Chapman: $7,700 ($2,500 – $3,000 by February 2012); 26. Tim Guinness: $7,500 (by 2025); 27. Michael Rozeff: $2,865 – $7,151; 28. Jim Willie: $7,000; 29. Greg McCoach: $6,500; 30. Chris Mack: $6,241.64 (by 2015); 31. Chuck DiFalco: $6,214 (by 2018); 32. Jeff Clark: $6,214; 33. Urs Gmuer: $6,200; 34. Aubie Baltin: $6,200 (by 2017); 35. Murray Sabrin: $6,153; 36. Adam Hamilton: $6,000+; 37. Samuel “Bud” Kress: $6,000 (by 2014); 38. Robert Kientz: $6,000; 39. Harry Schultz: $6,000; 40. John Bougearel: $6,000; 41. David Tice: $5,000 – $6,000; 42. Laurence Hunt: $5,000 – $6,000 (by 2019); 43. Taran Marwah: $3,000 – $6,000+ (by Dec. 2011 and Dec.2012, respectively); 44. Rob Lutts: $3,000 – $6,000; 45. Martin Hutchinson: $3,100 – $5,700; 46. Stephen Leeb: $5,500 (by 2015); 47. Louise Yamada: $5,200; 48. Jeremy Charlesworth: $5,000+; 49. Przemyslaw Radomski: $5,000+; 50. Jason Hamlin: $5,000+; 51. David McAlvany: $5,000+; 52. Pat Gorman: $5,000+; 53. Mark Leibovit: $3,600 – $5,000+ Cumulative sub-total: 65 38 Analysts Believe Gold Price Could Go As High As $5,000 1. David Rosenberg: $5,000; 2. James West: $5,000; 3. Doug Casey: $5,000; 4. Peter Cooper: $5,000; 5. Robert McEwen: $5,000; (by 2012 – 2014); 6. Peter Krauth: $5,000; 7. Tim Iacono: $5,000 (by 2017); 8. Christopher Wyke: $5,000; 9. Frank Barbera: $5,000; 10. John Lee: $5,000; 11. Barry Dawes: $5,000; 12. Bob Lenzer: $5,000 (by 2015); 13. Steve Betts: $5,000; 14. Stewart Thomson: $5,000; 15. Charles Morris: $5,000 (by 2015); 16. George Maniere: $5,000 (by 2015); 17. Marvin Clark: $5,000 (by 2015); 18. Eric Sprott: $5,000; 19. Nathan Narusis: $5,000; 20. David McAlvany: $5,000; 21. Standard Chartered: $5,000 (by 2020); 22. Bud Conrad: $4,000 – $5,000; 23. Paul Mylchreest: $4,000 – $5,000; 24. Pierre Lassonde: $4,000 – $5,000; 25. Willem Middelkoop: $4,000 – $5,000; 26. Mary Anne and Pamela Aden: $3,000 – $5,000 (by February 2012); 27. James Dines: $3,000 – $5,000; 28. Bill Murphy: $3,000 – $5,000; 29. Bill Bonner: $3,000 – $5,000; 30. Peter Degraaf: $2,500 – $5,000; 31. Eric Janszen: $2,500 – $5,000; 32. Larry Jeddeloh: $2,300 – $5,000 (by 2013); 33. Larry Edelson: $2,300 – $5,000 (by 2015); 34. Luke Burgess: $2,000 – $5,000; 35. Robert Lloyd-George: $5,000 (by 2014); 36. Heath Jansen: $2,500 – $5,000; 37. Jeff Nichols: $2,000 – $5,000; 38. Julian Jessop: $1,840 – $5,000 Cumulative sub-total: 103 Who in the world is currently reading this article along with you? Click here to find out. 40 Analysts Believe Gold Will Increase to Between $3,000 and $4,999 1. David Moenning: $4,525; 2. Larry Reaugh: $4,000+; 3. Oliver Velez: $4,000+; 4. Ernest Kepper: $4,000; 5. Mike Knowles: $4,000; 6. Ian Gordon/Christopher Funston: $4,000; 7. Barry Elias: $4,000; (by 2020); 8. Lindsey Williams: $3,000 – $4,000 (by 2012); 9. Jay Taylor: $3,000 – $4,000; 10. Christian Barnard: $2,500 – $4,000; 11. John Paulson: $2,400 – $4,000 (by 2012); 12. Paul Tustain: $3,844; 13. Myles Zyblock: $3,800; 14. Eric Roseman: $2,500 – $3,500 (by 2015); 15. Christopher Wood: $3,360; 16. Peter Leeds: $3,200; 17. Franklin Sanders: $3,130; 18. John Henderson: $3,000+ (by 2015 – 17); 19. Michael Berry: $3,000+ (by 2015); 20. Hans Goetti: $3,000; 21. Michael Yorba: $3,000; 22. David Urban; $3,000; 23. Mitchell Langbert: $3,000; 24. Brett Arends: $3,000; 25. Ambrose Evans-Pritchard: $3,000; 26. John Williams: $3,000; 27. Byron King: $3,000; 28. Chris Weber: $3,000 (by 2020); 29. Mark O’Byrne: $3,000; 30. Kevin Kerr: $3,000; 31. Frank Holmes: $3,000; 32. Shamik Bhose: $3,000 (by 2014); 33. Ani Markova: $3,000 (by 2013/14); 34. John Embry: $3,000; 35. Michael Lombardi: $3,000; 36. Eric Bolling: $3,000; 37. Phillip Richards: $3,000; 38. John Ing: $3,000; 39. Chris Laird: $3,000; 40. Michael Brush: $3,000 Cumulative sub-total: 143 16 Analysts Believe Price of Gold Will Go to Between $2,500 and $3,000 1. Kurtis Hemmerling: $2,500 – $3,000 (by 2012); 2. Ian McAvity: $2,500 – $3,000 (by 2012); 3. Graham French: $2,000 – $3,000; 4. Bank of America Merrill Lynch: $2,000 – $3,000; 5. Joe Foster: $2,000 – $3,000 (by 2019); 6. David Morgan: $2,900; 7. Sascha Opel: $2,500+; 8. Colin Fenton: $2,500 (by December 2011); 9. Rick Rule: $2,500 (by 2013); 10. Daniel Brebner: $2,500; 11. James DiGeorgia: $2,500; 12. Peter Hambro: $2,500 (by 2012); 13. Charles Nenner: $2,500 (by 2012/13); 14. Ross Strachan: $2,500 (by 2013); 15. Richard O’Brien: $2,500 (by 2013); 16. Arnie Waters: $2,500 (by spring 2012)
  7. Brazil to invest $2.4 billion in gold production over next 4 years IANS Nov 21, 2011, 10.30am IST Tags: * The National Department of Mineral Production RIO DE JANEIRO: Private firms that invest in gold mining in Brazil will allocate about $2.4 billion over the next four years to their activities, the O Globo newspaper reported Sunday, citing official figures. This volume of investments is three times the earlier forecasts for the period and could be a major factor in doubling the country's production of the precious metal, which currently stands at 62 tonnes per year. The figure places Brazil in 13th place among gold mining countries, a good bit below the top-ranked countries, which are China (341 tonnes per year), Australia (259 tonnes), the US (240 tonnes) and South Africa (192 tonnes). The National Department of Mineral Production has just granted 1,270 permits to mining companies to prospect for gold and is analyzing another 1,173 applications of this kind, the newspaper said, adding that the increase in permit requests is like "a new gold race". Brazil currently has 2,819 legal and active gold mines, according to O Globo, although most of the production is concentrated in just a few mines operated by foreign mining firms. The largest gold mine in the country is located in Paracatu, a town in the central state of Minas Gerais, and it is run by Canada's Kinross. Over the past five years production at this mine has tripled to 15 tonnes per year, a feat that has demanded a great technological effort because Paracatu is one of the mines with the lowest purity index of the precious metal, just 0.4 grams of gold per tonne of rock. Brazil is only operating at 12 percent of its gold production capacity, which could reach 503 tonnes per year if the country's proven reserves are taken into account, O Globo said. http://articles.economictimes.indiatimes.com/2011-11-21/news/30424745_1_gold-mining-mining-companies-gold-production
  8. Hey peter, Are you from London ? I know of somone who this discount may benefit & want to find out as much as possible about this ? Where can we find out such information
  9. I dont know if this or recent articles are affecting the market, but ive noticed fast turn around in propertys selling in west london within the last few weeks. Lots of SOLD STC / Under offer's
  10. Eric Sprott talks to James Turk in Munich <iframe width="560" height="315" src="http://www.youtube.com/embed/EzsER-T-QPU" frameborder="0" allowfullscreen></iframe> They talk about the disparities between the physical market and the paper silver markets. Eric talks about supply and demand and how the upward pressures on silver price from demand growing much faster than supply are not being accurately reflected. A 900 million ounce silver supply simply cannot cope with a 380 million ounce increase in demand and maintain current prices. Eric also explains that investment sales of silver are 50 to 1 in volume compared to gold and that this means a decreasing gold/silver ratio. They talk about Eric's book and how his analysis shows that the US government, with a GDP of 15 trillion, has liabilities of almost 80 trillion and that these promises will be broken just as the Greek government is breaking its commitments. They talk about the short-term focus of political decisions and the bad omens for the dollar as a world reserve currency. Kicking the can down the road is increasingly not an option for bankrupt governments, as even the bond markets are increasingly uncooperative with new stimulus efforts. As an example the recent failed attempt by the EFSF to raise 3 billion. They talk about the IMF creating $280 Billion SDRs out of thin air and ask whether that will keep the party going a bit longer.
  11. I'm amazed at the opportunities these guys keep giving. Lock and load !!
  12. He said in an interview that he would trade gold futures and would take delivery of physical with his winnings when they came up for delivery. According to him it was as safe ad a bank account
  13. Maybe its like my friend said... never sell your property. His parents have 10+ houses slowly accumulated since the 70's & they are very comfortable
  14. Its funny, everyone who buys them will see the value in them drop because theres so many of them around, while I buy rare and non German and it holds its value really well.
  15. The Last Gasp of the Failed Scheme of Government Price-Controlled Bimetallism – 1896 The Last Gasp of the subsequent Gold Standard – 1933
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