Gold

[Skol]

Have you got an updated chart? I'm pretty sure the USD index has taken a rise since then hasnt it?

You're quite correct UU.

[JBmurc]

If gold crashed as much as oil it would plunge to US$255.

Looks about right, that's where it started.

So you really think GOLD will crash to $255?? an stay low for that to happen we'll need to see production costs fall massively , for one OIL will have to go sub $20 an wage deflation with or your see all gold production get mothballed.

How could this happen? well you're need a massive deflation of real assets an a massive increase of cash&loan interest rates returns(basically the dead opposite of want Central banks an Governments have an been doing of late)

Or maybe some Alchemy being able to turn lead into gold with some special spells or chemicals etc(Many central banks have created alchemy they push a button on their computer an create a currency for free they then give to the hard working miners for their rare GOLD)

Maybe a mass near extinction of mankind less humans more gold less value

Or maybe we'll have overall Inflation of real assets an a increasing world population like wants happening

Also Skol if you think golds going back to 1985 levels do you also think property will ???

[Skol]

Well JB 'experts' do lose money, quite often actually.

Pickens’ Loses $1 Billion on Energy Bets, Report Says
September 24, 2008, 7:51 am
T. Boone Pickens, it seems, has taken a bath on his energy investments.

According to The Wall Street Journal, funds run by the 80-year-old oil magnate have lost around $1 billion this year, a figure that includes $270 million of personal losses.

Apparently blindsided by the downturn in energy prices, one of the investor’s energy-focused hedge funds is down own almost 30 percent through August, while a smaller commodity-focused fund is down 84 percent, The Journal said.

“It’s my toughest run in 10 years,” Mr. Pickens told The Journal. “We missed the turn in the market, there’s nothing fun about it.”

[elZorro]

So you really think GOLD will crash to $255?? an stay low for that to happen we'll need to see production costs fall massively , for one OIL will have to go sub $20 an wage deflation with or your see all gold production get mothballed.

How could this happen? well you're need a massive deflation of real assets an a massive increase of cash&loan interest rates returns(basically the dead opposite of want Central banks an Governments have an been doing of late)

Or maybe some Alchemy being able to turn lead into gold with some special spells or chemicals etc(Many central banks have created alchemy they push a button on their computer an create a currency for free they then give to the hard working miners for their rare GOLD)

Maybe a mass near extinction of mankind less humans more gold less value

Or maybe we'll have overall Inflation of real assets an a increasing world population like wants happening

Also Skol if you think golds going back to 1985 levels do you also think property will ???

JB, it's a real pity there's no spell checker on this forum, I've had a beer or two but I still can't understand where you're coming from.

[Skol]

Hey JB,
Did you buy the Ronco's pocket fisherman? Could be handy with all those trout down there if it really does go pear shaped. You can't eat gold bars. LOL

[JBmurc]

Well JB 'experts' do lose money, quite often actually.

Pickens’ Loses $1 Billion on Energy Bets, Report Says
September 24, 2008, 7:51 am
T. Boone Pickens, it seems, has taken a bath on his energy investments.

According to The Wall Street Journal, funds run by the 80-year-old oil magnate have lost around $1 billion this year, a figure that includes $270 million of personal losses.

Apparently blindsided by the downturn in energy prices, one of the investor’s energy-focused hedge funds is down own almost 30 percent through August, while a smaller commodity-focused fund is down 84 percent, The Journal said.

“It’s my toughest run in 10 years,” Mr. Pickens told The Journal. “We missed the turn in the market, there’s nothing fun about it.”

Are you calling me a expert Skol?? how nice LOL

Also all you guys saying where in a """"GOLD MANIA""" ya what?? GOLD STALL outside a food store oh no deflation is here quick sell your assets get hold of that paper cash quick smart

IMHO there will be a gold mania an it will be a bubble that does pop but where a long way from that price wise

[Huang Chung]

The thing is that, unlike oil, coal, iron ore etc, gold is pretty much a useless metal. We dig it up, pour it into bars, and then stick it in a locked room for eons. Crazy behaviour. It's value is completely psycological....you can't eat it, wear it, cook with it, or shelter from the elements with it.

Yet, for all the lunacy associated with it, gold is percieved by us to have value, it has since the Ancient Egyptians, and will continue to long after you and I are digging up daisies.

[JBmurc]

The thing is that, unlike oil, coal, iron ore etc, gold is pretty much a useless metal. We dig it up, pour it into bars, and then stick it in a locked room for eons. Crazy behaviour. It's value is completely psycological....you can't eat it, wear it, cook with it, or shelter from the elements with it.

Yet, for all the lunacy associated with it, gold is percieved by us to have value, it has since the Ancient Egyptians, and will continue to long after you and I are digging up daisies.

Yeah for sure HC why do people value Diamonds so high --

Gold is the most malleable and ductile substance known. It can be flattened out to less than .00001 of an inch (less than .000065 cm) and a 1 oz. (28 gram) mass can stretch out to a distance of over 50 miles (75 kilometers). Gold is also one of the most resistant metals. It won't tarnish, discolor, crumble, or be affected by most solvents. This adds on to the uniqueness of this mineral.

Personal I'd much rather hold silver bullion

[Skol]

My guess HC is that about every 25 years there's a gold boom.
Unlike oil where it's not so easy to have a punt, gold is easy, and a it's a new generation of retail investors with a 'new era' vision.

Unfortunately a generation of investors who are going to learn the hard way. Of course that's not to say that you can't make a bit of money in the meantime, as long as you're out when the bell rings.

[Skol]

The final confirmation will come when there are gold conferences, media clips and newpaper articles exhorting the masses to buy gold.

Golden times
Created:9 April 2010Written by:Jonathan Eley
Almost 200 people attended our recent afternoon conference devoted to investing in gold, hearing presentations on the supply-demand background, various ways of buying exposure to the yellow metal, and an insight into the best times to buy and sell.


A step closer to the final confirmation.