TheCountOfNowhere Posted May 19, 2013 Share Posted May 19, 2013 was looking at the price of gold chart yesterday and it looks like a classic bubble which is now bursting, it looks like their is a bit of a dead cat bounce too. the gold bugs probably dont want to here this though. Quote Link to comment Share on other sites More sharing options...
Unexpected Posted May 19, 2013 Share Posted May 19, 2013 was looking at the price of gold chart yesterday and it looks like a classic bubble which is now bursting, it looks like their is a bit of a dead cat bounce too. the gold bugs probably dont want to here this though. I reckon anything is possible with gold from here so I sold half of what remains of my paper stuff last week. Still got all the physical though. Quote Link to comment Share on other sites More sharing options...
SuperChimp Posted May 19, 2013 Share Posted May 19, 2013 was looking at the price of gold chart yesterday and it looks like a classic bubble which is now bursting, it looks like their is a bit of a dead cat bounce too. the gold bugs probably dont want to here this though. Yeah, better stick your money in shares or government gilts. Nothing could possibly go wrong there. They were even saying today on the news that the FTSE could triple over the next 10 years. Quote Link to comment Share on other sites More sharing options...
cica Posted May 19, 2013 Share Posted May 19, 2013 I have gold but am am skeptical about its future but probably more skeptical of people that think they are sure of its future. Quote Link to comment Share on other sites More sharing options...
Dr_Mibbles Posted May 19, 2013 Share Posted May 19, 2013 was looking at the price of gold chart yesterday and it looks like a classic bubble which is now bursting, it looks like their is a bit of a dead cat bounce too. the gold bugs probably dont want to here this though. yes, it had all the signs of a bubble, although I don't think it was per se (i.e. I don't think people were piling their money in with the deluded belief that it could only go on rising exponentially) - it was more a rational reaction to the low returns and perceived instability of the global financial system nonetheless, there will no doubt be a reduction in the value of gold now other options such as equities and bonds are offering good rates of return for little perceived risk Quote Link to comment Share on other sites More sharing options...
MSE refugee Posted May 19, 2013 Share Posted May 19, 2013 This must be one of the worst websites for people trying to predict bubbles. Property,Stocks,Bonds and Precious Metals have all been touted as major bubbles and yet all of them have done pretty well over the past few years. All these predictions are useless,somebody will get it right one day. Unless you are willing to risk your own money to make a profit out of a prediction it is disingenuous to say the least. Quote Link to comment Share on other sites More sharing options...
Errol Posted May 19, 2013 Share Posted May 19, 2013 (edited) was looking at the price of gold chart yesterday and it looks like a classic bubble which is now bursting, it looks like their is a bit of a dead cat bounce too. the gold bugs probably dont want to here this though. Yawn. Post this in the right place next time (or, preferably, don't bother). Edited May 19, 2013 by Errol Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted May 19, 2013 Share Posted May 19, 2013 Its interesting, everything is pointing to deflation at the moment, commodities, gold, bonds, credit aggregates. The stock market just doesnt seem to realize it yet. (and property, although with ever more psychotic govt props, will it ever?) Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 19, 2013 Share Posted May 19, 2013 was looking at the price of gold chart yesterday and it looks like a classic bubble which is now bursting, it looks like their is a bit of a dead cat bounce too. the gold bugs probably dont want to here this though. I suggest you read the following thread and the article it links to carefully, then you will realise that EVERYTHING is rigged, especially the paper gold market. http://www.housepricecrash.co.uk/forum/index.php?showtopic=190091 http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425 Try buying a decent quantity of physical gold right now and you will realise the paper gold price bears no relation to the demand for physical gold. Quote Link to comment Share on other sites More sharing options...
Unexpected Posted May 19, 2013 Share Posted May 19, 2013 I suggest you read the following thread and the article it links to carefully, then you will realise that EVERYTHING is rigged, especially the paper gold market. http://www.housepricecrash.co.uk/forum/index.php?showtopic=190091 http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425 Try buying a decent quantity of physical gold right now and you will realise the paper gold price bears no relation to the demand for physical gold. http://www.goldline.co.uk/bullionCoinsPage.page Goldline selling 1oz kangeroos etc for £927 BTW I do think you will be correct soon enough, just not right now. I've done very well with paper gold but I want to be fully out of it soon and will only then keep physical. Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 19, 2013 Share Posted May 19, 2013 (edited) Goldline selling 1oz kangeroos etc for £927 Try calling them and ask them how many you can buy right away for immediate delivery... Of course the physical gold price is the same as the paper gold price, but you will find hardly anyone selling any physical at the current price, hence there are long waiting times for any decent quantity. --- Edited May 19, 2013 by The Eagle Quote Link to comment Share on other sites More sharing options...
Unexpected Posted May 19, 2013 Share Posted May 19, 2013 Unless you are willing to risk your own money to make a profit out of a prediction it is disingenuous to say the least. FYI I would never attempt to ramp anything I didn't actually own Quote Link to comment Share on other sites More sharing options...
Unexpected Posted May 19, 2013 Share Posted May 19, 2013 Try calling them and ask them how many you can buy right away for immediate delivery... I would... Only I'd feel a bit of a fool if they offered 10oz and I then had to say I didn't want them. Quote Link to comment Share on other sites More sharing options...
SuperChimp Posted May 19, 2013 Share Posted May 19, 2013 I would... Only I'd feel a bit of a fool if they offered 10oz and I then had to say I didn't want them. Quote Link to comment Share on other sites More sharing options...
The Eagle Posted May 19, 2013 Share Posted May 19, 2013 I would... Only I'd feel a bit of a fool if they offered 10oz and I then had to say I didn't want them. O please, that's a cheap excuse, you could always say you need to think about it and will call them back. Anyway only 10oz in stock for immediate delivery would be very little for a well known dealer like Baird/Goldline. Quote Link to comment Share on other sites More sharing options...
Hecto Posted May 19, 2013 Share Posted May 19, 2013 I hope golds fall takes silver with it so I can buy some more at lower prices. I have been looking at silver and it does not seem that bad value. The 24000 tonnes mined globally in a year can be bought at current prices for £11 billion which is not a lot relative to values placed on other "stuff". Some infographics on silver can be seen at: http://demoncracy.info/infographics/world/silver/silver.html At the bottom they feel silver in existence on earth is 777000 tonnes, but not that easy to recover as it is mostly in lots of small items like tableware, jewellery, coins etc 777000 tonnes at current prices works out at approx £356 billion. This is approx 7.15% of the total value of UK houses takeing a value of approx £5 trillion. Quote Link to comment Share on other sites More sharing options...
Hecto Posted May 19, 2013 Share Posted May 19, 2013 Should be http://www.demoncracy.info/infographics/world/silver/silver.html Quote Link to comment Share on other sites More sharing options...
Hecto Posted May 19, 2013 Share Posted May 19, 2013 Sorry, I can not get the silver infographic link to work. If you do an internet search for: demoncracy silver it should turn up. Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted May 19, 2013 Share Posted May 19, 2013 This was written at the start of 2012 and is pretty good on bubbles. Whilst not claiming to be predictive here is the gold graph of the time in which the author sees a bubble: The Bear Camp (including Nouriel Roubini for example), argue that Gold is (or was) a hyperbolic bubble that is about to (or already has?) burst: Well it's not happening as quickly as that graph but it's getting there. http://www.econmatters.com/2012/01/did-silver-bubble-burst.html Quote Link to comment Share on other sites More sharing options...
JimDiGritz Posted May 19, 2013 Share Posted May 19, 2013 You are so right. I've sold all my gold and silver and have bought AAPL, FTSE, NS&I and a BTL portfolio. The world's problems are over, and we are in for a period of growth and stability the likes of which we haven't seen since the end of the cold war! Nothing can possibly go wrong! Quote Link to comment Share on other sites More sharing options...
scrappycocco Posted May 19, 2013 Share Posted May 19, 2013 What has happened to make it all better. We still have an ageing population, a huge debt, dodgy banks, a dumb public, a pumped up housing market, an unfunded public sector and a useless government. To me its looks like a ploy to get mugs into equities and move the smart money into physical metal before a meltdown. Quote Link to comment Share on other sites More sharing options...
warpig Posted May 19, 2013 Share Posted May 19, 2013 The wool has been pulled over your eyes if you think people should sell their gold. Have a good look around and tell me what has fundamentally changed for gold and silver since this crisis began. Are we still suffering negative real interest rates? Is there any prospect to grow our way out of this calamity? Is wealth being stolen from failing countries? Do you think they'll stop printing money in the hope of staving off banking insolvency? Really... think about what you're saying. The only problem here is people have stopped thinking for themselves and believe the MSM, when they declare up is down and black is white. Gold is a monetary asset, it is not a commodity, if that were the case then central banks would not be buying the stuff in earnest. Watch what they do, don't listen to what they say. The real bubbles are the stock and bond market, if you can't see that then c'est la vie. My advice, is be your own central bank. Quote Link to comment Share on other sites More sharing options...
Daft Boy Posted May 19, 2013 Share Posted May 19, 2013 You are so right. I've sold all my gold and silver and have bought AAPL, FTSE, NS&I and a BTL portfolio. The world's problems are over, and we are in for a period of growth and stability the likes of which we haven't seen since the end of the cold war! Nothing can possibly go wrong! Quote Link to comment Share on other sites More sharing options...
enrieb Posted May 20, 2013 Share Posted May 20, 2013 Gold buyers forced to go on waiting list Gold buyers are having to wait up to six weeks for their bars and coins after a price dip led to increased interest. http://www.telegraph.co.uk/finance/personalfinance/investing/gold/10028183/Gold-buyers-forced-to-go-on-waiting-list.html Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted May 20, 2013 Share Posted May 20, 2013 (edited) Everything is just dandy. The economic indicators in the US are weakening or going negative. Retail sales up only 0.01% for April, import/export prices falling, mortgage applications down, New York Empire State Manufacturing Survey minus 1.4%, producer prices falling 0.07%, industrial production down 0.5%, jobless claims up 32,000, CPI going negative for the second month in a row. A trillion dollar tax rise for 80 million Americans by Obama, which is going to do wonders for the economy. The US printing $85 billion and Japan printing $68 billion a month, not to mention, in the last month, Central Banks have been cutting rates. The EU, which has been in official recession every quarter since late 2011, cut its rate to 0.5% the others were Israel, Sri Lanka, Vietnam, South Korea, Poland, Turkey, Australia, India, Denmark, Hungary, Belarus. Hey things are booming. Edited May 20, 2013 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
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