Gold Prices Rally on Safe Haven Buying. gold hit a new record of £767

Bullfighter

chucky wrote: »

do you have an update on this Asheron - is gold still rising?

I'll take that jibe and run with it.

In case people aren't watching. Gold has given up almost all it's gains since the election results, predominantly due to net gold sellers (I'm betting a large number of Euro short positions covered??).

I'm still bullish and have a gold target of £1,000 before the summer kicks off properly.

Doctor_Gloom

JamesRoberts wrote: »

Bit of a newbie in here. As silly as this might seem, but is it just me that thinks that Gold is;

(a) Way overpriced?
(b) Surely due for a crash sooner rather than later?



I'm not suggesting I have the answers, but would be intrigued to see others opinion.

When you're holed up in your bunker what would you rather have - lumps of precious gold or worthless piles of paper currency?

System

Doctor_Gloom wrote: »

When you're holed up in your bunker what would you rather have - lumps of precious gold or worthless piles of paper currency?

When gold eating aliens arrive, what would you rather have?

I can also invent unrealistic scenarios, yay!

Cleaver

Doctor_Gloom wrote: »

When you're holed up in your bunker what would you rather have - lumps of precious gold or worthless piles of paper currency?

If my life has come to survival in a bunker then neither of those things would hold much interest to me.

Really2

Doctor_Gloom wrote: »

When you're holed up in your bunker what would you rather have - lumps of precious gold or worthless piles of paper currency?

Perhaps your first "number 2" would help you decide.

mr_jetlag

Really2 wrote: »

Perhaps your first "number 2" would help you decide.

:rotfl::rotfl::rotfl::rotfl:

I would definitely go Long on toilet roll, tins of corned beef and shotgun shells (for the zombie apocalypse)

Doctor_Gloom

Cleaver wrote: »

If my life has come to survival in a bunker then neither of those things would hold much interest to me.

Your worthless piles of paper currency would only be useful in so far as being able to be set fire to in order to keep warm.
Whereas your much treasured stash of gold can be used to barter with fellow survivors for the remaining supplies of food.

Really2

Doctor_Gloom wrote: »

Whereas your much treasured stash of gold can be used to barter with fellow survivors for the remaining supplies of food.

So why not keep salt, herbs preservatives and lots of food?

In your situation the items I have stated would go up in value massively.
Relatively your gold would go down in value.

System

Doctor_Gloom wrote: »

Your worthless piles of paper currency would only be useful in so far as being able to be set fire to in order to keep warm.
Whereas your much treasured stash of gold can be used to barter with fellow survivors for the remaining supplies of food.

I think I'd rather keep my food than trade it for a pointless lump of shiny metal.

chucky

don't you love it when a44downeybandermanpizzagirlfatpignapoleon comes back to the forum