Gold, lost its Glister?

StevieJ

Neverrrr

LONDON (Reuters) - Gold is gearing up for the start of a bear market cycle in 2014 after more than a decade of gains as consumer demand for jewellery, coins and bars declines and central bank buying plateaus, metals consultancy GFMS said.

http://uk.finance.yahoo.com/news/pieces-falling-place-gold-bear-123033932.html

padington

It's either a very good day to buy gold or a very good day to sell gold that's for sure.

marathonic

padington wrote: »

It's either a very good day to buy gold or a very good day to sell gold that's for sure.

Whilst I tend to agree with you, I believe that it's, possibly, a good time to hold gold.....

DiggerUK

The price of gold in sterling has not returned to it's peak from September 2011. This does not affect me personally because I bought at an average of 655 GBP.
Even so, it is still a puzzle to me as to why prices have been depressed.

And all most precious metals heads can offer by way of explanation is unproven claims of manipulation, alongside the more ludicrous claims that central banks have secretly sold most, if not all, their gold.
Arguments of a bubble in golds price deflating have more credibility. Even though I don't support such arguments.
..._

Generali

As the metals analyst at Goldmans said yesterday.

Timbeeeeer!

wotsthat

I bought some gold last September - just my luck to buy at the end of a 5000 year bull run.

UsernameAlreadyExists

wotsthat wrote: »

I bought some gold last September - just my luck to buy at the end of a 5000 year bull run.

You did better than me

I am going to try take solace from the fact that I can lose it in the garden somewhere and it'll never be taken away from me, Cyprus style.

IzzyFreedman

wotsthat wrote: »

I bought some gold last September - just my luck to buy at the end of a 5000 year bull run.

Ha in another 1000 yrs you could say the same thing at the end of the last 6000yr bull run.

wotsthat

IzzyFreedman wrote: »

Ha in another 1000 yrs you could say the same thing at the end of the last 6000yr bull run.

You really are investing for the long term aren't you?

michaels

That's ok - as long as you have hedged by buying a few bitcoins you will be laughing....:eek:

gazzak_2

Not concerned. Like all long term investments, if it's worth more in 25 years time than it is now then I'll be happy enough, if it's not then the fish tank will look pretty.