sharetrader
Page 74 of 74 FirstFirst ... 24647071727374
Results 731 to 738 of 738

Thread: GOLD

  1. #731
    Member
    Join Date
    Mar 2006
    Location
    Auckland, New Zealand
    Posts
    482

    Default

    All these global FED rate cuts certainly going to help gold and silver - GOLD up again overnight - spot gold up 1% of the back of the British pound rate cut lol - we will be at zero soon and paper money will be the casualty here

    check out the book "prosper" by Chris Martenson - great read

    The world resources are at their limits and we will struggle to grow because of these constraints
    The world has 200 TRILLION debt
    LIABILITIES AT 5 X THE DEBT

    AND a world that will struggle to grow

    next 20 years will be unprecedented and we cant look back at the past 20 years to see whats going to happen as we in uncharted territory now


    Larger view we will see a great wealth transfer and its going to happen - it happened in Germany many years ago , more recently in Argentina and what happens is we have too many claims built up, its money and credit and theres not enough stuff and people call it great wealth destruction but its not , its transfer, its transferred from people who have too much paper wealth to people who own the real thing or have physical wealth

    we now seeing stocks hitting all time highs and bonds hitting all time highs - this is a crazy situation that can only be made sense of when we look at what central banks have done to liquify and print money so people should be looking to real tangible wealth not paper wealth

    HOLD
    Realestate
    Gold / Silver
    Cash
    \"if women didn,t exist , all the money in the world would mean nothing\" Aristotle Anasis.

    \"The trend is your friend\"

    \"A mans reach should always extend beyond his grasp" J.F Kennedy

  2. #732
    Guru
    Join Date
    May 2009
    Posts
    2,980

    Default

    What you are saying may occur Schumacher, but I think the theories behind it are wrong. Wealth transfer (and growth) recently has been to China. Next cabs off the rank India, Bangladesh. chunks of Africa. Technology leads to massive growth, in some cases using far less resources than before.

    I agree that the world financial markets are a propped up mess, but the future will look after itself, probably by repeating what we have seen for millennia, not just the past 100 years. Empires come and go.
    Last edited by jonu; 05-08-2016 at 08:36 AM. Reason: cabs

  3. #733
    Senior Member
    Join Date
    Aug 2003
    Location
    Tauranga
    Posts
    1,069

    Default

    Chinese demand for Gold to drive price.

    https://www.kitco.com/news/article/2...s-price-action

  4. #734
    Guru
    Join Date
    Aug 2012
    Posts
    4,716

    Default

    Quote Originally Posted by ynot View Post
    Chinese demand for Gold to drive price.

    https://www.kitco.com/news/article/2...s-price-action
    Interesting. Covert purchases of gold by China is the driving force behind recent price increases. Perhaps driven by a desire to reduce dependence on the USD as a Reserve currency.

  5. #735
    Senior Member
    Join Date
    Aug 2003
    Location
    Tauranga
    Posts
    1,069

    Default

    Quote Originally Posted by Bjauck View Post
    Interesting. Covert purchases of gold by China is the driving force behind recent price increases. Perhaps driven by a desire to reduce dependence on the USD as a Reserve currency.
    Has been the Chinese focus for a while now but with the recent internal Chinese strife, particularly real estate, they have to park their cash somewhere.
    The big driver also being China wanting to weaken/break US reserve currency foothold.

  6. #736
    Guru
    Join Date
    Aug 2012
    Posts
    4,716

    Default

    Quote Originally Posted by ynot View Post
    Has been the Chinese focus for a while now but with the recent internal Chinese strife, particularly real estate, they have to park their cash somewhere.
    The big driver also being China wanting to weaken/break US reserve currency foothold.
    I guess it is always good to have a stockpile of gold during worsening geopolitical tensions.

  7. #737
    Senior Member
    Join Date
    Aug 2003
    Location
    Tauranga
    Posts
    1,069

    Default

    Quote Originally Posted by Bjauck View Post
    I guess it is always good to have a stockpile of gold during worsening geopolitical tensions.
    Based on what they are estimating, It appears like pboc are holding around $us378,000,000,000. in gold. That's above whatever the population is holding.
    Last edited by ynot; 23-03-2024 at 01:45 PM.

  8. #738
    Guru
    Join Date
    Dec 2010
    Location
    near Mangonui Northland
    Posts
    4,110

    Default

    gold indecision type candle at the highest ever price


    silver indecision type candle
    Last edited by wizAlvin; 02-04-2024 at 11:18 AM. Reason: spelling
    Be aware of wizards, for they are subtle and quick to anger.
    that not forbidden is mandatory.
    Anyone but o'brien

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •