Gold is going through the roof

free4440273

possibly. to me it brings back memories of the pre dot-com crash: the sky's the limit (apparently).

strawberry_smoothie

does anyone feel that gold could be heading for a bubble in its pricing? or do they suspect that it's going to take years to rectify the mess of the bush adminstration and for the american economy to stablise and once the economy stabalises the price of gold will fall?

Be gentle I am new to the forum.

free4440273

strawberry_smoothie wrote: »

does anyone feel that gold could be heading for a bubble in its pricing? or do they suspect that it's going to take years to rectify the mess of the bush adminstration and for the american economy to stablise and once the economy stabalises the price of gold will fall?

Be gentle I am new to the forum.

Probably. A bit like the miners and oil perhaps :rolleyes:

And a bigto MSE.

free4440273

free4440273 wrote: »

On the other hand the Fed seem to be implying that the worst is over: they had a choice between inflation and housing - they chose to ignore inflation. And as i have said before: I would not be surprised if the Fed keeps on slashing rates until they are between 1-2%. The ECB might have something to say about that: Euro/$ 1.4424 :eek:

Euro/$ 1.4464: If it's not hurting, it's not working.:rotfl:

purch

does anyone feel that gold could be heading for a bubble in its pricing?

At current levels..........No

AT $ 1,000 in the next 6 months or so...........No...but overbought certainly

I don't think Gold can be directly compared to many other markets, and as there (appears) to be a strong and ongoing demand a bubble type scenario is unlikely to happen

On a long term chart Gold is technically still looking a good buy, on a shorter term chart it is looking overbought but not dangerously so

I think we are heading into 'virgin' territory in Global economic terms...by the time the U.S. sorts out it's current mess the World will be a totally different place, and the influence of the U.S. Economy on it will be smaller

baby_boomer

Yant1 wrote: »

Inflation in the UK is near 8% I wont have anyone tell me any different

And there was I reading your posts with some seriousness up to this point.

You can get 7% gross ( 5.6% net) for your cash if you look carefully. Your idea that property will fall and inflation will rise simultaneously beggars belief.

What's the current yield on gold, BTW ?

[Deleted User]

baby_boomer wrote: »

And there was I reading your posts with some seriousness up to this point.

You can get 7% gross ( 5.6% net) for your cash if you look carefully. Your idea that property will fall and inflation will rise simultaneously beggars belief.

What's the current yield on gold, BTW ?

You are under the illusion you are fed.

Inflation is different for different people, type in your profile into the office of national statisics website and find out what your true inflation is.

For someone on benefits its about 4.4% but for economically active people it can be 8% or higher, esp if your in the 40% tax band.

[Deleted User]

strawberry_smoothie wrote: »

does anyone feel that gold could be heading for a bubble in its pricing?

Only if it accelerates past the pricing of other commodities at teh moment its fairly in-line, it accelerated past in 1980 due to a panic caused by devalued currency. Like anything those that bought and sold at the right times made thenmselfs very rich. Those that followed the "property only ever goes up" mentallity lost out big time

If I had say 100 million dollars and wanted to protect its value i certainly wouldnt be pouring it all in to gold. People with that much money might have 3% in the form of precious metals and other percentages in art, wine, stocks, funds, yen, euro etc.

purch

other percentages in art, wine, stocks, funds, yen, euro etc

....every time I invest in Wine it disapears down the toilet !!!!!!!!!! :eek:

[Deleted User]

purch wrote: »

....every time I invest in Wine it disapears down the toilet !!!!!!!!!! :eek:

me too im afraid :rotfl: its a investment in pleasure at least :j