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Gold Fades From Investment Picture
gadgetmind
Posts: 11,130 Forumite
http://online.wsj.com/news/articles/SB10001424052702304470504579163871056778000
It's been a while since I spotted a gold bug. It's funny how they are seen in their droves at gold price peaks but barely at all when it drops.
There will come a point when I increase my gold exposure but not until every last bull has capitulated.
It's been a while since I spotted a gold bug. It's funny how they are seen in their droves at gold price peaks but barely at all when it drops.
There will come a point when I increase my gold exposure but not until every last bull has capitulated.
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.
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I bought some physical gold in February, which at the moment does not look like my most astute investment decision (hindsight, and all that).
I don't want to sell at a loss so I'll hold onto it, even if I may have to wait some time for it drift back up in value."I don't mind if a chap talks rot. But I really must draw the line at utter rot." - PG Wodehouse0 -
The smart money is moving into the digital version of gold - Bitcoin.0
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Now there's a new usage of the word "smart" that I haven't met before.
I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
will bitcoin bugs become the new gold bugs? (i.e. equally annoying)0
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Fiat currency can be printed out of thin air and has no intrinsic value.
Bitcoin is the only asset that will protect your wealth from the ravages of hyperinflation that are being imposed on fiat currency by bankrupt western governments.
Honk.
Gibber.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Everyone that bought gold from Gordon Brown is still laughing all the way to the bank
Faith, hope, charity, these three; but the greatest of these is charity.0 -
Gold bugs have had their patience severely tested since the !!!! end of summer 2011 when Ron Paul taunted Bernanke, and sentiment has suffered massively not just via blatant price suppression but with gurus such as Jim Sinclair making imminent to the moon predictions.
The banksters have delayed the popping of the gigantic debt bubble for longer than he and many others thought possible. Paper lovers, especially of the fiat variety, will hang themselves when it does.0 -
It's become increasingly obvious the paper gold and silver prices bear little relation to the physical metal they're supposed to represent, hasn't it?
More and more commentators are pointing out the paper gold price is blatantly manipulated and that saying so isn't just the preserve of gold bugs, conspiracy brigade, good old fashioned nut jobs or whatever pejorative takes your fancy. It's the same fiat problem all over again, that just won't go away. There's not enough real gold to back the tickets.
China has and is buying gold at the rate of around 100 tonnes a month, and the premium on physical over spot price has hit new records in asia.
http://www.zerohedge.com/news/2013-10-13/chart-day-china-imports-over-2000-tons-gold-last-two-years
Unlike China I don't hold any gold or silver.'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB0 -
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It's become increasingly obvious the paper gold and silver prices bear little relation to the physical metal they're supposed to represent, hasn't it?
What do you mean by the "paper" price?
The price that someone is prepared to pay for an ounce of gold is the price of an ounce of gold at that time and in that place. This price can be changed (manipulated if you like) by changing sentiment, by changing the supply and demand trade off, or by introducing barriers to prevent the free flow of gold between territories.
Arguing that the price at which gold changes hands is somehow not the real price suggests that gold can be valued in some objective way, which it can't.There's not enough real gold to back the tickets.
There doesn't need to be as 1) we don't use the gold standard, 2) not everyone wants to use all of their money to buy gold.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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