200p Posted November 19, 2009 Share Posted November 19, 2009 And here's another bubble, that might be gold... This is a different bubble to the first chart - the values i have lopped off a zero, but are accurate. Could it be gold also? What bubble was this really? Quote Link to comment Share on other sites More sharing options...
sharpe Posted November 19, 2009 Share Posted November 19, 2009 Even at 800 pounds per pounce ($1328) its a deal if* the price keeps going up. A bit like buying an overpriced house--what seems a bit dear today is a bargain from hindsight. New paradigms and all that................... ____________________________ * if maybe it will be at $300 by christmas? Quote Link to comment Share on other sites More sharing options...
200p Posted November 19, 2009 Share Posted November 19, 2009 (edited) Answers - Nasdaq dot.com bubble, peak in 2000 Japanese stock bubble, peak in 1990. [lopped off a zero, for this] Edited November 19, 2009 by Lord Rich 7 House owner Quote Link to comment Share on other sites More sharing options...
Guest spp Posted November 19, 2009 Share Posted November 19, 2009 Gold and Silver, like everything else in life, has its time and place. Now is that time! When the FIAT money Ponzi scheme blows up the demand for gold and silver will literally explode overnight. Protect yourself. Quote Link to comment Share on other sites More sharing options...
Number79 Posted November 19, 2009 Share Posted November 19, 2009 I'm not holding fiat. Or not much anyways. No one has answer my question as to how many ordinary joes were invested in the tech stock bubble. Probably another 6 months and the number of joes speculating in gold will resemble the number of people buying lastminute.com shares or whatever in 2000. so you have no pm's and no fiat? Probably no job which accounts for the wave of posting. Why not work on your cv and get a fecking job instead of gobbing off here about things which do not concern you? Quote Link to comment Share on other sites More sharing options...
scepticus Posted November 19, 2009 Share Posted November 19, 2009 so you have no pm's and no fiat? Probably no job which accounts for the wave of posting. Why not work on your cv and get a fecking job instead of gobbing off here about things which do not concern you? I have some PMs and some fiat, and some other stuff. I also have a job. I also have a healthy scepticism about the latest bubble. Out of all those, the job is worth most. Quote Link to comment Share on other sites More sharing options...
Number79 Posted November 19, 2009 Share Posted November 19, 2009 on a serious note Byron, we both prefer silver jewelery & we both love gemstones, precious or semi.......most of our silver/diamonds have been bougth second hand. also, chavs/working class always try to mimic the class above in several areas. The majority think money determines class, we don't. That depends on what you think is class though............... I would like to think we are classless but I think it's impossible to do tbh................I think we are as close as anyone could be to classless imo. god, no. Please tell me that you didn't start messing with diamonds Quote Link to comment Share on other sites More sharing options...
betterToDo Posted November 19, 2009 Share Posted November 19, 2009 thanks for that. I presume that you have discussed gold with him at some point then. No, I think my sister put me forward as some expert when he was talking about buying it on the basis that I "have a bit". Quote Link to comment Share on other sites More sharing options...
Number79 Posted November 19, 2009 Share Posted November 19, 2009 maybe it will be at $300 by christmas? I sincerely hope so. Will have lost a considerable ammount on what I hold but will be glad of the chance to back up the truck and pour in every penny. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 19, 2009 Share Posted November 19, 2009 (edited) god, no. Please tell me that you didn't start messing with diamonds not for investment, just for looks Blood Stones - & yes I feel a bit guilty It's all ****** really you know.......but I am human & do have some flaws, but I realise that I have them, which in a sense is even worse. Edited November 19, 2009 by grumpy-old-man-returns Quote Link to comment Share on other sites More sharing options...
betterToDo Posted November 19, 2009 Share Posted November 19, 2009 Gold and Silver, like everything else in life, has its time and place. Now is that time! When the FIAT money Ponzi scheme blows up the demand for gold and silver will literally explode overnight. Protect yourself. have you really thought that through? What are you expecting, fiat collapse and governments the world over declaring a return to the gold standard? I agree thats what "should" happen, but just can't see it. What do you do when golds at $20000, sell it? If gold is where the wealth is, those in power will screw them for it. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 19, 2009 Share Posted November 19, 2009 maybe it will be at $300 by christmas? what silver ? Quote Link to comment Share on other sites More sharing options...
Minos Posted November 19, 2009 Share Posted November 19, 2009 not for investment, just for looks Blood Stones - & yes I feel a bit guilty It's all ****** really you know.......but I am human & do have some flaws, but I realise that I have them, which in a sense is even worse. Did you know the man who kicked off most of the sh1te happening in the world today made his fortune from diamonds? Quote Link to comment Share on other sites More sharing options...
Number79 Posted November 19, 2009 Share Posted November 19, 2009 I have some PMs and some fiat, and some other stuff. I also have a job. I also have a healthy scepticism about the latest bubble. Out of all those, the job is worth most. that isn't the way that you come across from some posts. ok, so qe is pumping the markets and driving pm's up with it. Commodity bubble? I don't believe so. Sure there could be a significant retrace but nothing like a bubble burst. If the markets dive in a panik like a bursting bubble then gold will follow to a point and then fear will refloat it. What happened to gold during the greatest fear periods lately? Whatever gold loses it will not be as much as your sterling sat in the bank does. Quote Link to comment Share on other sites More sharing options...
Number79 Posted November 19, 2009 Share Posted November 19, 2009 (edited) not for investment, just for looks Blood Stones - & yes I feel a bit guilty It's all ****** really you know.......but I am human & do have some flaws, but I realise that I have them, which in a sense is even worse. careful dude and I mean this sincerely, aside from the obvious, it takes time to learn the feel of gold and what it looks and sounds like so that you don't get done and don't even need scales. It takes something else entirely to deal with diamonds and know what you are buying. obviously the initial horror was the investment prospect but glad that isn't the case. Edited November 19, 2009 by richyc Quote Link to comment Share on other sites More sharing options...
scottbeard Posted November 19, 2009 Share Posted November 19, 2009 I'm one of the people who has increased their investment/insurance in the shiny stuff. ... It's difficult to know what to do when the entire financial system is crashing. Treating gold as insurance against collapse seems pretty sensible to me. Don't put all your money there. Do put some of it there. Its bizarre, its the one investment I have I'd feel much happier losing money on. Exactly - like insurance. I am delighted if my home insurance or car insurance turns out to have been a loss-making purchase. It isn't there to make money, it's to limit my losses. Never have understood gold. They keep mining it, yet it goes up in value. No, the fiat currency in which it's measured keeps going DOWN in value. Protect yourself. Someone has been reading their cgnao! Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 19, 2009 Share Posted November 19, 2009 No, the fiat currency in which it's measured keeps going DOWN in value. most people just dopn't get this. I must admit it took me a while when I first started getting into all of this. Someone has been reading their cgnao! Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 19, 2009 Share Posted November 19, 2009 haven't seen crashman begins, with the batman avatar for a while. Good poster Is he still posting ? Quote Link to comment Share on other sites More sharing options...
Guest happy? Posted November 19, 2009 Share Posted November 19, 2009 Gold and Silver, like everything else in life, has its time and place. Now is that time! When the FIAT money Ponzi scheme blows up the demand for gold and silver will literally metaphorically explode overnight. Protect yourself. Quote Link to comment Share on other sites More sharing options...
scepticus Posted November 19, 2009 Share Posted November 19, 2009 that isn't the way that you come across from some posts. ok, so qe is pumping the markets and driving pm's up with it. Commodity bubble? I don't believe so. Sure there could be a significant retrace but nothing like a bubble burst. If the markets dive in a panik like a bursting bubble then gold will follow to a point and then fear will refloat it. What happened to gold during the greatest fear periods lately? Whatever gold loses it will not be as much as your sterling sat in the bank does. QE is stabilising prices against a strong deflationary backdrop. People have been used to thinking of money in metallic terms for all of history. IF QE fails to result in significant (well above trend) inflation over the next year people will start questioning the metallist assumptions and at this point, gold is vulnerable. I don't believe that QE will cause significant above trend inflation over the next 12 months or even the next 5 years. I may be wrong but if I am right then gold is over valued. Quote Link to comment Share on other sites More sharing options...
winkie Posted November 19, 2009 Share Posted November 19, 2009 Will not be buying anyone's gold for any price...very protected. Quote Link to comment Share on other sites More sharing options...
200p Posted November 19, 2009 Share Posted November 19, 2009 they will have to prise this 1 oz silver coin from my dead corpse hand at no less than £250/oz..... Quote Link to comment Share on other sites More sharing options...
erat_forte Posted November 19, 2009 Share Posted November 19, 2009 haven't seen crashman begins, with the batman avatar for a while. Good poster Is he still posting ? Yes, saw him a few days ago Don't buy from the mint, unless you want to spend £30-£50 on some cardboard packaging. The bullion houses such as Chards, Coininvestdirect, Bairds, should have new Royal Mint coins a lot cheaper then the Mint - they buy in bulk at wholesale rates, and their retail markup is much slimmer. Quote Link to comment Share on other sites More sharing options...
Number79 Posted November 19, 2009 Share Posted November 19, 2009 I don't believe that QE will cause significant above trend inflation over the next 12 months or even the next 5 years. I may be wrong but if I am right then gold is over valued. how can it be overvalued? Houses are overvalued because people are not buying. Gold is not overvalued because people are buying. Much has been made of india buying gold from the imf recently but the important thing to take from it is, knowing that the indians still regard gold as money and are very very gold savvy, they could have put a floor under the price of gold - not too far from the qe floor. Deutsche bank and jpm have been offering 25%+ to settle contracts in fiat rather than physical - the assumption being that gold is effectively or will be 1250. Could be that they don't have the physical just as much as they know where the price is going, either case is pretty bullish. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted November 19, 2009 Share Posted November 19, 2009 Yes, saw him a few days ago Don't buy from the mint, unless you want to spend £30-£50 on some cardboard packaging. The bullion houses such as Chards, Coininvestdirect, Bairds, should have new Royal Mint coins a lot cheaper then the Mint - they buy in bulk at wholesale rates, and their retail markup is much slimmer. I'm skint now....... Quote Link to comment Share on other sites More sharing options...
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