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23-03-2009, 02:16 PM
#391
Member
I would follow a thought posted on the iTulip forum stating that we could likely see USD-ish, Euro-ish, and YEN/Yuan-ish regional currency blocks eventually.
BUt Gold will play A role in the transition to something like that.
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23-03-2009, 04:12 PM
#392
 Originally Posted by lakedaemonian
I would follow a thought posted on the iTulip forum stating that we could likely see USD-ish, Euro-ish, and YEN/Yuan-ish regional currency blocks eventually.
BUt Gold will play A role in the transition to something like that.
I know TPTB don't want to do it, but in my mind a revaluation of gold has to occur at some point . . . it's logical, how else can any real value be restored to the financial system. If gold is not important, why do central banks still hold it?
We are still in the early days of this crisis, after government's around the world have finished trashing their currencies in the next few months and years, how are they going to restore value. Talk is cheap . . . people will insist it be backed or be convertible into something tangible. Government distrust will be at an all-time high.
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24-03-2009, 04:24 PM
#393
Originally Posted by arco
Currently about 15% down since 3rd March if my calcs are correct
And more now...
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25-03-2009, 02:03 PM
#394
Originally Posted by Lego_Man
And more now...
Discounts are good news, buy more!
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27-03-2009, 03:12 PM
#395
Originally Posted by Aussie
Discounts are good news, buy more!
I buy physical off trademe, some people are still willing to pay ~2000 an ounce?
A pseudo futures market perhaps?
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27-03-2009, 03:24 PM
#396
Always learning
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28-03-2009, 01:06 AM
#397
Originally Posted by Lego_Man
I buy physical off trademe, some people are still willing to pay ~2000 an ounce?
A pseudo futures market perhaps?
No just uninformed "sheep" buying overinflated prices, well over spot.
If you're prepared to wait you can still get the physical stuff, just hard to get in large quantities.
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28-03-2009, 07:10 PM
#398
...3 market attempts to break the *900 psyche barrier so far unsuccessful but still, instead of surging above the *1000+ barrier, another 4th attempt to break *900 most likely in progress...and if it breaks, selling pressure will take gold quickly into the *680 area and most likely below
...in the meantime, the USD surged 3 cents in one trading session and seems determined to challenge the *92.36 level
...Deflationary Forces...
...unless the market takes out US967 on a closing basis, no further committment of holding gold
Trading Strategy: have cash will buy; say 'WHEN' -Inflation-
Kind Regards
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29-03-2009, 09:45 PM
#399
For clarity, nothing I say is advice....
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31-03-2009, 11:02 AM
#400
I never understand how the gold price move. On a day like this gold price should be up, yet it is down. Something I dont understand I stay well clear.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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