Thinking of buying gold bars !!

masonic

ncollier1 wrote: »

Gold goes up and down in the short term but only north in the long term.

Your own chart shows the gold price fell after 1980 and didn't fully recover that loss until over 25 years later. So there can be long term southward movements in the gold price as well as short term drops.

experience08

Geoff23 wrote: »

I thought the reason Japan's debt isn't seen as such of a problem is that most of it is internal.

Japan credit rating downgraded over ballooning deficit

Japan has the highest debt-to-GDP ratio of any country in the world, with its borrowings estimated to hit 233% of annual economic output in 2011

http://www.guardian.co.uk/business/2011/aug/24/japan-credit-rating-downgraded

experience08

experience08 wrote: »

Touched $1911 just now, regret not buying more at $1500

Coming DOWN, $1754 now :T

Ark_Welder

experience08 wrote: »

Japan credit rating downgraded over ballooning deficit

Japan has the highest debt-to-GDP ratio of any country in the world, with its borrowings estimated to hit 233% of annual economic output in 2011

http://www.guardian.co.uk/business/2011/aug/24/japan-credit-rating-downgraded

From the same article...

The downgrade did not alarm traders as most of Japan's debt is bought by domestic investors, meaning it is less reliant on the international credit markets. The Nikkei 225 closed 1.07% lower at 8639.61.


Moody's told reporters in Tokyo that it did not see the eurozone debt crisis spreading to Japan, and maintained a "stable" outlook on the country's debt.

Recent twists in the financial crisis have driven up the value of the yen to record levels, [hurting Japanese exporters]

marms

The price of gold in GBP is down about 7.5% in the last two days, i think a lot of the posters are just trying to encourage others to invest to try to up the price.

JoungandNaive wrote: »

Well, Gold's price is sky-rocketed 1.763 $. So I would say it is a pretty good choice to invest in that and when there are signs that the bubble is going to burst sell it !!

Geoff23

masonic wrote: »

Your own chart shows the gold price fell after 1980 and didn't fully recover that loss until over 25 years later. So there can be long term southward movements in the gold price as well as short term drops.

That is true, but if you look at current events in the context of the whole of 20th century monetary system then there can be no sensible comparison between 1980 and today. The massive difference is that in 1980, the central banks were net sellers of gold, and destined to be so for many years to come, and today the central banks want to own as much gold as they can get their mittens on. There were no serious doubts in 1980 about the long-term stability of "Bretton Woods II".

experience08

marms wrote: »

The price of gold in GBP is down about 7.5% in the last two days, i think a lot of the posters are just trying to encourage others to invest to try to up the price.

Ha ha, so a couple of hundred MSE investors (speculators!) are going to drive UP the International Gold price?

Geoff23

experience08 wrote: »

Coming DOWN, $1754 now :T

It seems to have stabilised there (for now). This is just above the base of the August 15th dip. I'm hoping it is going to go down further tomorrow.

Geoff23

experience08 wrote: »

Japan credit rating downgraded over ballooning deficit

Japan has the highest debt-to-GDP ratio of any country in the world, with its borrowings estimated to hit 233% of annual economic output in 2011

http://www.guardian.co.uk/business/2011/aug/24/japan-credit-rating-downgraded

OK...I don't pretend to understand why Japan has not until now come under the sort of pressure that other indebted nations have.

lvader

experience08 wrote: »

Ha ha, so a couple of hundred MSE investors (speculators!) are going to drive UP the International Gold price?

Don't underestimate the Internet as an asset ramping tool, it's very powerful and it really does affect prices.