What Could Be the Largest Fraud in History

cloud_dog

jamesd wrote: »

The methods used by gold bugs are particularly helpful in discouraging the use of gold as an investment. On and on and on and... in a one track world that gold is all and the end of the world is nigh.

Oh dear.... You could almost make the same statement for those anti-bugs; food for thought perhaps. Please do not place everyone under the Asheron / Digger brand.

jamesd wrote: »

This doesn't apply to people like purch, though, who I think acquired his gold at quite nice prices and so far as I'm aware of sales has done quite nicely so far from the sale of a few bars, though I'm not so sure that he's turned a profit on what he spent it on.

I'm a resource focussed investor and gold falls under that umberella. It goes up, it goes down, like it or not it will always have a value and will always be traded, therefore you can make money out of it as well as using it as a hedge to protect some of your capital.

jamesd wrote: »

It's made its way also to gold and more general commodities. One concern for gold is that the recession is no longer in the early stage of maximum fear so that driver of the gold price should be easing. Whether fear of inflation, demand for jewelry or industry can keep ahead of that is an interesting question. I can see some short term reasons for the gold price to keep rising and some medium or long term reasons as well, but forming an opinion of how significant they are for temporary price surges lasting a few years and longer term production is more of a challenge.

Agreed, although you appear to be missing some of the point.... The fear/concern has moved past recessionary concerns on to the debate around inflation / deflation, with inflation appearing to be heading the race.

jamesd wrote: »

My personal view is that gold producers look like a better option than gold the metal.

Agreed. But, it is strange how people seem to think one dimensionally or in absolutes, i.e. if you see gold as having strength you are unable to consider other options and therefore you must be a nutty gold bug

Jonbvn wrote: »

The Sundays rags were implying that some of the miners may have problems due the possibility of problems in SA.

Perhaps you should re-word this to say "...some of the SA miners....", as (unfortunately) the ongoing unrest and power issues in SA are likely to be finacially positive for other miners.

jamesd

cloud_dog wrote: »

You could almost make the same statement for those anti-bugs

I wasn't referring to any poster here other than the later mention of purch, specifically not to you, just giving an answer to the question you asked.

TRUSt_NO_1_2

Masomnia wrote: »

Damn, and to think I just took a short position on gold.

5/4/2010 $1140 per ounce (the date you shorted)
17/9/2010 $1270 'ish

did you bail out ?

I sincerely hope you did short it..

Masomnia

TRUSt_NO_1 wrote: »

5/4/2010 $1140 per ounce (the date you shorted)
17/9/2010 $1270 'ish

did you bail out ?

I sincerely hope you did short it..

Did you seriously just resurrect this thread to make an offensive and slightly rediculous 'point' about an 11% change?

Bit pathetic mate, even by your standards.