Gold to buy or not to buy

gozomark

what evidence ?

thrupence

gozomark wrote: »

what evidence ?

Take your pick:

http://www.google.co.uk/search?hl=en&q=manipulation+of+gold+price&btnG=Google+Search&meta=

gozomark

oh dear, oh dear - lets assume for one moment it is manipulated to prevent it going up to $2,000 - in which case

1. why has it gone up so much ?
2. why would you buy something thats being manipulated by people so much bigger than you ?
3. if its being manipulated, why do you write "but I think it's too expensive at the moment."

Stavros_3

thrupence wrote: »

Take your pick:

http://www.google.co.uk/search?hl=en&q=manipulation+of+gold+price&btnG=Google+Search&meta=

I could quite as easy google that man didn't really land on the moon. Rule no1 don't believe everything you read on the www

http://www.google.com/search?hl=en&ie=ISO-8859-1&q=Man+didn%27t+really+land+on+the+moon

gozomark

he didn't ? Oh well, it says it on tinternet so must be true

cloud_dog

Ok, I'm goona swap over on to this thread, now that someone has created a new one; pity people can't just do a search and use an existing thread........ still.........

Da writing is on the wall, its all in black and white (well someone's blog) but all you na sayers will be scrabbling in the dirt for your gold soon - it say so

http://www.safehaven.com/article-12585.htm

thrupence

gozomark wrote: »

oh dear, oh dear - lets assume for one moment it is manipulated to prevent it going up to $2,000 - in which case

1. why has it gone up so much ?
2. why would you buy something thats being manipulated by people so much bigger than you ?
3. if its being manipulated, why do you write "but I think it's too expensive at the moment."

1. It's bubbling.
2. I bought when it was much lower than it is today as a small proportion of a very well diversified portfolio of investments.
3. Because, in addition to the bubbling, that manipulation will continue. IOW there's a dampening effect even on the bubbling. There'd need to be total collapse for gold to break through the manipulation of the market.

cloud_dog

gozomark wrote: »

what evidence ?

Not quite evidence but I've read a very good article (which I cannot find - just did a search), which over-viewed short and long term gold contracts in the states.

The author carried out a comparrison from different sources (COT, etc), some reporting monthly, some quarterley and basically identified that there are only two banks holding short-gold contracts (we are talking of a sizeable nature).

One was HSBC US who held approx 8k - 9k short contracts and the other, well pick a name you might associate with helping / being in bed with the US administrators - (two words, begins with 'G' and 'S'..........). Anyway this one bank holds in excess of 122k short gold contracts.

Just wish I could find the article.............

sabretoothtigger

I would rather buy on dips in the gold price over the next year not the present high.

Even if the trend is substantially upwards the market is never simply up or down without respite or hesistation

thrupence

Stavros wrote: »

I could quite as easy google that man didn't really land on the moon. Rule no1 don't believe everything you read on the www

http://www.google.com/search?hl=en&ie=ISO-8859-1&q=Man+didn%27t+really+land+on+the+moon

It's not very complicated nor is it controversial. The only curiousity is that people such as yourself find it strange, and begin talking about men on the moon. Such is your resistance to the normal everyday things that people do.

Those with an interest will manipulate markets to suit their purpose, if they can.

It's no more complicated than that.