📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Gold, lost its Glister?

1…910121415…25

Comments

  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    :laugh: Fair enough but a weevil attack would be bullish I imagine. Lots of irony in the market, Cyprus using their gold is bullish if trade surplus countries like China still keep gold as a monetary asset central to global trade

    What poor people do is less important then productive people and countries.
    If this werent true, Cash4gold adverts would have been timely and great advisory services.
    Turns out debtors often sell at bad prices, nothing new here!
  • HAMISH_MCTAVISH
    HAMISH_MCTAVISH Posts: 28,592 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Gold now down to $1349, and a 10% fall just today.

    Silver has fallen 12% so far today.

    Surely to God there has to be a temporary end to the bloodletting soon, with some support to trigger a short lived rally, but where?

    I'm almost starting to feel sorry for the bugs....
    “The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.

    Belief in myths allows the comfort of opinion without the discomfort of thought.”
    -- President John F. Kennedy”
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    IronWolf wrote: »
    Plenty of goldbugs are throwing in the towel though. Gotta feel sorry for these people that say their wife is furious at them for losing so much of their life savings...

    My sympathy is for the wife.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    Fortunately for me, my only investment in precious metals is in jewellery, which I wear and value for things other than purely £x value.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    HAMISH_MCTAVISH wrote: »
    Gold now down to $1349, and a 10% fall just today.

    Silver has fallen 12% so far today.

    Surely to God there has to be a temporary end to the bloodletting soon, with some support to trigger a short lived rally, but where?

    I'm almost starting to feel sorry for the bugs....

    Isn't it obvious? They are trying to force the little guys to sell all their gold at a loss so they can pick it all cheaper.
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • IronWolf
    IronWolf Posts: 6,445 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    According to gold rampers, its only paper gold thats falling in price and this is somehow the start of a big increase in the price of physical gold. I didnt follow the 'logic' :p
    Faith, hope, charity, these three; but the greatest of these is charity.
  • System
    System Posts: 178,353 Community Admin
    10,000 Posts Photogenic Name Dropper
    "They" must be "manipulating" again.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • purch
    purch Posts: 9,865 Forumite
    Joeskeppi wrote: »
    "They" must be "manipulating" again.

    We've done that part of the script ;)
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • padington
    padington Posts: 3,121 Forumite
    edited 15 April 2013 at 9:27PM
    The turd is going to be a wanted man if this keeps up. I'm so glad I got out of the metals when I did. it's a blooming stressful game.

    I knew a mega rich german who owned tower blocks, many of them. I suggested he looked into getting into gold and silver in 2010 and he winced at the thought and said 'no way, the price is way too volatile, if I did that, how would I sleep?'.

    Saying that, I will be 'backing up the truck' on the never never though if the thing that can't be mentioned gets down to $7. Cost cant be a bad bet.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • charlotte_rose
    charlotte_rose Posts: 244 Forumite
    Can someone recommend a gold index tracker backed by physical gold held if there is such a thing?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture