investing in gold?

antrobus

EdGasket wrote: »

I'd rather have gold than a huge stash of cash in the bank. Look what happened in Cyprus.

So you're not aware of what happened in the USA in 1933? See Executive Order 6102.:)

EdGasket

Silver market is manipulated, just google Bunker-Hunt; they cornered the silver market!

puk999

Yes, at one stage it was manipulated. Is it still?

DiggerUK

phatus wrote: »

.........Can anyone give any helpful advice to a total beginner for buying gold

I would at this stage add a little more to my advice given earlier, well it's more of a warning.
There are many nutters in the gold community, known as.....well, all kinds of names are given to them, as today is Sunday I'll merely refer to them as being 31 grammes short of an ounce.

You also need to be on your guard when you see someone described as a 'whistleblower'. I have nothing against them, it's just that I don't let them play with my grandchildren.

Here is one by way of example. In case you have a double take when you watch.....she really does claim that the Jesuits control China, and Hawaii has a stash of gold larger than all known mined gold in history.
Happy Sunday to you.
..._

planteria

grey_gym_sock wrote: »

a vague understanding of the intentions of other market participants is not something to rely on. even if it's right, they might change their minds!

well, is it wrong? and i'm not really referring to people participating in 'the market' 'as investors'. people are, as they accumulate wealth, buying gold, in various forms. i havent heard any suggestion that that is stopping, or likely to. have you?

grey_gym_sock

oh, by 'market participants', i meant anybody who buys or sells gold.

as many ppl in asia get richer (which is clearly happening), are some of them buying more gold? yes. does that mean the gold price will go up? not necessarily. the information is probably already in the price - i.e. the current price reflects this likely future buying, as it reflects all other publicly available information.

planteria

fair enough ggs. it will be interesting to see what happens to the gold price in the next few years. it may drop further from this point, but my guess is that it will find new highs in the next few years.

DiggerUK

I'm going to stop reading The Daily Telegraph if they don't do something about Alex.
http://www.telegraph.co.uk/finance/alex/
..._

sabretoothtigger

planteria wrote: »

fair enough ggs. it will be interesting to see what happens to the gold price in the next few years. it may drop further from this point, but my guess is that it will find new highs in the next few years.

Of course gold wont change but all those bonds paying out excess currency will.
Its very likely gdp will not increase as fast as the monetary base. So higher gold yes, value same as always



Right now monetary base is allegedly decreasing, asset bubbles have soaked it up but it'll tumble into cash at some point. Cant see why not

antrobus wrote: »

So you're not aware of what happened in the USA in 1933? See Executive Order 6102.:)

http://www.moonlightmint.com/bailout.htm

Federal Reserve Notes to the tune of
20,000 metric tons of gold were ‘circulating naked’ in 1933.”

In 1933 those with connections abroad were able to keep their gold out of the federal hands. It was like many moves today, beneficial to some

paddyrg

That's an impressive looking graphic but looking at it I realise I have no idea what it's saying! What point is it making?