sharetrader
Page 408 of 869 FirstFirst ... 308358398404405406407408409410411412418458508 ... LastLast
Results 4,071 to 4,080 of 8687

Thread: Gold

  1. #4071
    Member
    Join Date
    May 2005
    Location
    , , New Zealand.
    Posts
    318

    Default

    http://www.youtube.com/watch?v=9o30g...layer_embedded

    We had the opportunity to sit down with Frank Giustra last week, the lion behind Lionsgate Films, and an early architect of countless resource companies—most notably Wheaton River Minerals (now known as the $33B Goldcorp, which spun out the $12B Silver Wheaton), Petro Rubiales (now the $7B Pacific Rubiales), and Urasia Energy.

    By all accounts Giustra is brilliant, connected and wealthy. He made headlines in 2007 by pledging over $100 million and half of his future earnings to establish a charitable foundation with President Clinton. Outside of philanthropy however, Giustra has been reluctant to draw attention to himself, and rarely speaks publicly about investing.

    In 2002 however, he moved heavily into gold and published, “A Tarnished Dollar Will Put the Shine on Gold”, when it was trading under $300 an ounce. Ten years later and with gold now priced over $1600/oz., it still occupies the largest percentage of his investment portfolio, and his views remain the same.

    In discussing gold during the interview he said, “I believe it’s going a lot higher…it’s going to have a parabolic spike, caused by some event or some loss of confidence…a US dollar crisis would be a perfect example. That will cause gold to go through the roof, and then everybody will want to own it…I don’t think we’re even close to that yet…Gold will probably have a much greater run than some of the other hard assets–because it’s also a currency.” (19:16)
    He IS talking his own book.....but...

    Gold's looking pretty good.....sitting just shy of $1700 an ounce at the moment.

    Looking at DJIA, S+P, and Gold, they're all up YTD in the high single digits

    Looking at DJIA & S+P over 5 years....it's almost exactly flatline

    Looking at Gold over 5 years, up 150% safe as houses(safer even).

    Catch you at the end of the year Skol for that humble pie you have on order

  2. #4072
    Banned
    Join Date
    Sep 2004
    Location
    , , .
    Posts
    3,366

    Default

    JB,

    Just taken delvery of my new book.

    GOLD BUBBLE. - Profiting from Gold's Impending Collapse.


    The author's got it right already, one chapter on betting against Facebook.

    Maybe Bernanke's gonna solve the GFC in one fell swoop. Everyone should buy gold because there's gonna be QE3, so everyone in the world will be rich.

    GFC problem solved. LOL

    Gold - the worst investment on the planet for the last year (apart from silver).
    Last edited by Skol; 06-09-2012 at 05:15 AM.

  3. #4073
    Banned
    Join Date
    Sep 2004
    Location
    , , .
    Posts
    3,366

    Default

    There's an article on CNBC.

    'Gold set for dramatic fall if Central Bankers disappoint.'

    Gold & silver 1980 - crash
    Stock market 1987 - crash
    Tech Wreck 2000 - crash
    Oil bubble 2008 - crash
    Real Estate 2009 - crash

    Gold 2012 - ?????
    Last edited by Skol; 06-09-2012 at 07:33 AM.

  4. #4074
    FEAR n GREED JBmurc's Avatar
    Join Date
    Sep 2002
    Location
    Central Otago
    Posts
    8,478

    Default

    Central bankers can only disappoint for so long ...everyone know more QE will happen....without free credit the real debt crushes growth drives unemployment

    Billionaire's bet on inflation

    http://www.kitco.com/ind/Tommy/20120905.html
    Last edited by JBmurc; 06-09-2012 at 10:04 AM.
    "With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu

  5. #4075
    Banned
    Join Date
    Sep 2004
    Location
    , , .
    Posts
    3,366

    Default

    Hey JB,

    I'm only 39 pages into my book on the gold bubble and I'm already kissing the earth that I don't own any gold or silver.

    The exact peak in the housing bubble was the exact same time as a new TV programme, "Flip this House", and the author surmises that the peak in the gold bubble last year was the same time as the launch of "Gold Rush Alaska".

  6. #4076
    Member
    Join Date
    May 2005
    Location
    , , New Zealand.
    Posts
    318

    Default

    Quote Originally Posted by Skol View Post
    There's an article on CNBC.

    CNBC?


    Hahahahahahahahahaha!

  7. #4077
    Member
    Join Date
    May 2005
    Location
    , , New Zealand.
    Posts
    318

    Default

    http://www.marketwatch.com/story/why...old-2012-09-05

    I can’t imagine it means anything cheerful that Vladimir Putin, the Russian czar, is stockpiling gold as fast as he can get his hands on it.
    According to the World Gold Council, Russia has more than doubled its gold reserves in the past five years. Putin has taken advantage of the financial crisis to build the world’s fifth-biggest gold pile in a handful of years, and is buying about half a billion dollars’ worth every month.
    "Nothing to see here folks, move along!"

  8. #4078
    Legend
    Join Date
    Jun 2009
    Location
    CNI area NZ
    Posts
    5,958

    Default

    And gold breaks US$1700 again, in a determined way.

    It must already be at an all-time record in euros.

    At the rate it's going now, it might be at US$1750 by morning. And we still have Sept 13th to get through.

    JB might collect on his silver bet with Skol..
    Attached Images Attached Images
    Last edited by elZorro; 06-09-2012 at 07:41 PM.

  9. #4079
    Banned
    Join Date
    Sep 2004
    Location
    , , .
    Posts
    3,366

    Default

    Quote Originally Posted by elZorro View Post
    And gold breaks US$1700 again, in a determined way.

    It must already be at an all-time record in euros.

    At the rate it's going now, it might be at US$1750 by morning. And we still have Sept 13th to get through.

    JB might collect on his silver bet with Skol..
    Doubt it, gold $1703 ($8 - LOL) and the Dow's up 237, everyone knows gold's going nowhere, the S&P500 is 24% ahead of gold for the last year.

    QE3's built in and if it doesn't turn up there'll be a massacre. CNBC will be right.
    Last edited by Skol; 07-09-2012 at 03:06 AM.

  10. #4080
    Advanced Member airedale's Avatar
    Join Date
    Apr 2003
    Location
    Above the high tide mark.
    Posts
    1,508

    Default

    Hi Skol and a good morning, you have always said that POG is going down, now you are saying that POG is"going nowhere". Reading between the lines that sounds like a 180 degree change in your thinking.

Tags for this Thread

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
  •