Gold still going up, why?

nickj_2

ManAtHome wrote: »

Might not be making it, but they're still finding more of it...

And "they" are making land - pretty close to Hawaii, which must be a better idea than round our way.

wait until global warming kicks in big time

purch

.....oh and another reason..

Weak Dollar

ManAtHome

nickj wrote: »

wait until global warming kicks in big time

Most of the new stuff in the Hawaiian chain is already further above sea level than a lot of Brit-land...

cloud_dog

For those still questioning gold etc, etc the below thread has already covered an awful lot of ground (and in some detail):

http://forums.moneysavingexpert.com/showthread.html?t=14783&page=7

cloud_dog

[Deleted User]

I must admit cloud dog that that was the first thread that sent my attention to it.

Now my portfolio is set up really defensively, with good performing gold mines, gambling companies, oil companies with a bit of the solid yellow stuff too being the order of the day. Property, highly geared complex companies, retail and esp credit being the toxic waste that is to be avoided right now, all sold off (well apart from my house but thats to live in).

Bazn

musemad wrote: »

Gold is actually one of the most useless things in the world it produces no income is unsafe to store and does not actually do anything as regards income and capital gain is concerned.
I would hazard a guess at the demand coming from what I would call emmerging markets rather than advanced ones.
As places like china and india have an increasing "New rich prolitariat" these people want to flaunt their wealth a bit.

i agree. my view here:

http://forums.moneysavingexpert.com/showthread.html?p=5672902#post5672902

still, no harm in benefiting from the "greater fool" effect and profiting from a rise in the price!

[Deleted User]

JESUS, my golds doing well today, the bear cycle is well and truely turning now !!!!

NR must really be adding to the great fire of paper money right now.