Friday, June 19, 2009

US:Gold or Property?

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 (1240 views)
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10 thoughts on “US:Gold or Property?

  • 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.

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  • Sell gold, yes. Buy property, no.

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  • Buy gold yes, buy property no.

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  • 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.

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  • little professor says:

    gold is yet to enter the full bubble mode

    O RLY?

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  • 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?

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  • mark wadsworth says:

    Gold looks absolutely bubblicious.

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  • Matt_the_hat says:

    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??

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  • Contrary_contrarian says:

    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.”

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  • Bear Of Little Brain says:

    Little Prof:
    Perhaps you’d be kind enough to post a 1970-1990 gold chart to see how things may go…

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