GeordieAndy Posted October 13, 2010 Share Posted October 13, 2010 Gold just spiked to $1367.12 oz after rising steadily from the $1345 level earlier What's the next ceiling it will go through - $1380? Quote Link to comment Share on other sites More sharing options...
leicestersq Posted October 13, 2010 Share Posted October 13, 2010 Gold just spiked to $1367.12 oz after rising steadily from the $1345 level earlier What's the next ceiling it will go through - $1380? Where are you getting your price from? I go to goldprice.org and you seem to be getting the price earlier than me. The rise in the price of gold seems to me to represent the end of zombie socialism in the Western World. Huge pension claims that cannot be afforded are hitting these states now, and they are unpayable. Any attempt to try and pay them will only result in the deaths of the currencies of those nation states silly enough to try. As they are all trying to pay these claims despite the fact they are unpayable, gold just keeps on a rising in consequence. Inflation is about to break out and play havoc with interest rates. Will the Western Governments of the world axe their Welfare States to preserve their currencies and the power derived from them, or will they choose to have a gold standard forced upon them by the irresistible power of the markets? Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted October 13, 2010 Share Posted October 13, 2010 Where are you getting your price from? I go to goldprice.org and you seem to be getting the price earlier than me. The rise in the price of gold seems to me to represent the end of zombie socialism in the Western World. Huge pension claims that cannot be afforded are hitting these states now, and they are unpayable. Any attempt to try and pay them will only result in the deaths of the currencies of those nation states silly enough to try. As they are all trying to pay these claims despite the fact they are unpayable, gold just keeps on a rising in consequence. Inflation is about to break out and play havoc with interest rates. Will the Western Governments of the world axe their Welfare States to preserve their currencies and the power derived from them, or will they choose to have a gold standard forced upon them by the irresistible power of the markets? http://news.bbc.co.uk/2/hi/8515947.stm I don't think the French pension deficit is unaffordable. Even at it's highest point, the deficit will be 50billion euros. Could finance this by closing loopholes in corporation tax and imposing a levy on capital transactions. Labour is already heavily taxed, unlike capital. Seems to me this needs to be rebalanced. Oh, and if they decided to stop their nuclear ambitions, like the Uk, then the pensions hole could be met rather comfortably. It's all about priorities, imo. Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 13, 2010 Share Posted October 13, 2010 (edited) http://news.bbc.co.uk/2/hi/8515947.stm I don't think the French pension deficit is unaffordable. Even at it's highest point, the deficit will be 50billion euros. Could finance this by closing loopholes in corporation tax and imposing a levy on capital transactions. Labour is already heavily taxed, unlike capital. Seems to me this needs to be rebalanced. Oh, and if they decided to stop their nuclear ambitions, like the Uk, then the pensions hole could be met rather comfortably. It's all about priorities, imo. Yeah, I think the world would be a far safer place for the UK, where the remaining nuclear powers are the brutal human-rights abusing Israeli's, the paranoid Russian's, the ambitious Chinese, the trigger-happy US, the nut job North Korea, the 'can't even manage the commonwealth games' India and the 'over-run by Taliban' Pakistan. Far better to keep our old people flush with foreign holidays and oversized family-size houses. Edited October 13, 2010 by General Congreve Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 13, 2010 Share Posted October 13, 2010 Where are you getting your price from? I go to goldprice.org and you seem to be getting the price earlier than me. The rise in the price of gold seems to me to represent the end of zombie socialism in the Western World. Huge pension claims that cannot be afforded are hitting these states now, and they are unpayable. Any attempt to try and pay them will only result in the deaths of the currencies of those nation states silly enough to try. As they are all trying to pay these claims despite the fact they are unpayable, gold just keeps on a rising in consequence. Inflation is about to break out and play havoc with interest rates. Will the Western Governments of the world axe their Welfare States to preserve their currencies and the power derived from them, or will they choose to have a gold standard forced upon them by the irresistible power of the markets? Democracy won't stomach the cuts needed, try to make them and someone else who promises to keep the gravy train running will be elected to replace you. There is only one way out. Total collapse. Got gold? Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted October 13, 2010 Author Share Posted October 13, 2010 Where are you getting your price from? I go to goldprice.org and you seem to be getting the price earlier than me. I watch the spot prices here every hour or so: http://goldprice.org/spot-gold.html Quote Link to comment Share on other sites More sharing options...
leicestersq Posted October 13, 2010 Share Posted October 13, 2010 Yeah, I think the world would be a far safer place for the UK, where the remaining nuclear powers are the brutal human-rights abusing Israeli's, the paranoid Russian's, the ambitious Chinese, the trigger-happy US, the nut job North Korea, the 'can't even manage the commonwealth games' India and the 'over-run by Taliban' Pakistan. Far better to keep our old people flush with foreign holidays and oversized family-size houses. I never quite managed to work France out. Despite their EU subsidies, I dont see how they can do so well at balancing their budget given just how many people they have working for the state, and such little private industry. I cant think of much, worse even than the UK. My suspicion is that their financial figures are somewhat 'massaged'. I doubt it will take too long to find out one way or another. Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 13, 2010 Share Posted October 13, 2010 Where are you getting your price from? I go to goldprice.org and you seem to be getting the price earlier than me. I use this for a good overview of how it's doing across the major currencies (so you can judge how currency fluctuations also affect price), although it's only updated about every 5 mins and runs a little behind current spot: http://www.usagold.com/gold-price-forex.html I use this for up to the minute prices for gold and silver in US dollars: http://lynncoins.com/spot1.htm It's all academic really, just metals p0rn if anything, viewing it regularly throughout the day doesn't effect the fact of where it's ultimately going, just puts a nice little knowing smile on my face every time I look at it. Quote Link to comment Share on other sites More sharing options...
General Congreve Posted October 13, 2010 Share Posted October 13, 2010 The more it goes up the more it seems that gold threads disappear under the radar. Oh well, you've been told. Quote Link to comment Share on other sites More sharing options...
200p Posted October 13, 2010 Share Posted October 13, 2010 Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted October 13, 2010 Author Share Posted October 13, 2010 (edited) $1371.97 highest earlier. Sometime soon I will be able to sell my Sovereigns back to the dealer I bought them from, for the price I bought them for - but obviously I won't be doing this Edited October 13, 2010 by GeordieAndy Quote Link to comment Share on other sites More sharing options...
Kilham Posted October 13, 2010 Share Posted October 13, 2010 Silver bouncing around off 24$, a bit more upward pressure and it'll be through Quote Link to comment Share on other sites More sharing options...
fallingbuzzard Posted October 13, 2010 Share Posted October 13, 2010 Empire thinking persists on this site! France is simple, strong high tech industries, telecommunications, pharmaceuticals, chemicals, and cars, so relatively sophisticated industrial sectors. In energy it leads nuclear power. Second biggest agricultural exporter in the world and it gets the EU subsidies. Biggest tourist destination in the world (believe it!), and a massive weapons industry, not to mention aerospace. The UK now leads the world in misunderstanding its own relative importance ! I never quite managed to work France out. Despite their EU subsidies, I dont see how they can do so well at balancing their budget given just how many people they have working for the state, and such little private industry. I cant think of much, worse even than the UK. My suspicion is that their financial figures are somewhat 'massaged'. I doubt it will take too long to find out one way or another. Quote Link to comment Share on other sites More sharing options...
Errol Posted October 14, 2010 Share Posted October 14, 2010 Up to $1380 in Asian trade. Be careful, we're bound to get that correction/retrace soon. Quote Link to comment Share on other sites More sharing options...
200p Posted October 14, 2010 Share Posted October 14, 2010 (edited) ^Stay on the bull "Yahoo!" The market tries to trick. It would be natural for new "investors" to sell on a new high and to take profits. But actually, you'd make a fortune (in any commodity/stock/houseprice*), by resisting and doing the opposite. I.e - depending on your trading timescale - Sell on a new monthly/yearly (delete as applicable) LOW - Buy on a new monthly/yearly HIGH. Mr Donchian wrote a book on this subject. --- *See my link in the signature - uses a 2year trading timescale. Edited October 14, 2010 by Money Spinner Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted October 14, 2010 Author Share Posted October 14, 2010 But actually, you'd make a fortune (in any commodity/stock/houseprice*), by resisting and doing the opposite. I.e - depending on your trading timescale Can you elaborate a bit more Money Spinner as I am very confused Quote Link to comment Share on other sites More sharing options...
200p Posted October 14, 2010 Share Posted October 14, 2010 Read the latest post on the dummies guide thread. Quote Link to comment Share on other sites More sharing options...
Agentimmo Posted October 14, 2010 Share Posted October 14, 2010 Yeah, I think the world would be a far safer place for the UK, where the remaining nuclear powers are the brutal human-rights abusing Israeli's, the paranoid Russian's, the ambitious Chinese, the trigger-happy US, the nut job North Korea, the 'can't even manage the commonwealth games' India and the 'over-run by Taliban' Pakistan. Far better to keep our old people flush with foreign holidays and oversized family-size houses. So which one of these countries is going to drop the bomb first? My bet would be on the USA. If filling the pension hole means that someone who has worked 40yrs and generated quite a chunk of wealth/income for their company can get a little bit of it back to go on holiday or pay their heating or council tax without falling into poverty, then I'm all for it. btw, this year's pension deficit in France is about 8Billion euros. Banks, directors and traders bonuses will be around 5billion plus. It ain't rocket science........... Quote Link to comment Share on other sites More sharing options...
Scott Sando Posted October 14, 2010 Share Posted October 14, 2010 there's going to be no droping of nuclear bombs, remember during the second world war there was enough chemical weapons to kill vast swathes of humanity, but they where nether used. We may get a false flag terror opperation involving a suit case nuke or dirty bomb though. Quote Link to comment Share on other sites More sharing options...
GeordieAndy Posted October 14, 2010 Author Share Posted October 14, 2010 I read somewhere that they might wheel out the Aliens to push the last of their objectives through Quote Link to comment Share on other sites More sharing options...
Scott Sando Posted October 14, 2010 Share Posted October 14, 2010 I read somewhere that they might wheel out the Aliens to push the last of their objectives through Project blue beam Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.