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12-11-2012, 08:26 PM
#4251
Gold is indeed auspicious. Big queues to buy some of it in India, this Dhanteras. The Moneychanger in USA is also imploring people to buy gold now, even though he's not too happy about the result from the presidential election.
http://timesofindia.indiatimes.com/c...w/17185708.cms
But you know, compared to many other investments out there, Gold does look a lot safer.
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12-11-2012, 09:22 PM
#4252
Gold eagle sales at the US Mint:
2009, 1,325,000
2010 1,143,000
2011 910,000
2012 500,500 (to Nov 1st)
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12-11-2012, 10:25 PM
#4253
Originally Posted by Skol
Gold eagle sales at the US Mint:
2009, 1,325,000
2010 1,143,000
2011 910,000
2012 500,500 (to Nov 1st)
So that means gold is not in a bubble, Skol? The price is still up there, it hasn't halved, like the US demand has.
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13-11-2012, 07:55 AM
#4254
Gold demand is in death throes worldwide, but punters haven't worked it out yet. Demand's way down in India and 500 gold shops have closed in Saudi Arabia.
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13-11-2012, 03:39 PM
#4255
Originally Posted by Skol
Gold eagle sales at the US Mint:
2009, 1,325,000
2010 1,143,000
2011 910,000
2012 500,500 (to Nov 1st)
Gold average USD price
2009 $974
2010 $1228
2011 $1572
2012 $1663 (to Nov 1st)
Amount invested in Gold Eagles
2009 $1.291b
2010 $1.403b
2011 $1.431b
2012 $0.832b (to Nov 1st)
~ * ~ De Peones a Reinas ~ * ~
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14-11-2012, 12:16 PM
#4256
In the last year, S&P500 up 12%, XGD down 22%.
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15-11-2012, 10:07 AM
#4257
Godl flat today S&P500 under pressure next stop 1,100?
Attachment 4210
~ * ~ De Peones a Reinas ~ * ~
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15-11-2012, 11:19 AM
#4258
Lots of goldbugs think China is gonna make them rich, but it probably isn't so. From Resource Investor.
'Unsurprisingly, the industry’s hope is now shifting towards China to fill the demand gap in gold. At the LBMA Conference in Hong Kong it was theorized yesterday that China’s official gold reserve pile can only “go in one direction.” Well, that could be true, but not in the sense that most are expecting. The PBoC has made no secret about the fact that it is comfortable with a gold allocation of from 1.5 to 2 percent of reserves.'
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17-11-2012, 08:11 AM
#4259
Rangebound ATM-- Keep an eye on the middle east..Is USA getting better?..Europe seems to be getting worse... Fiscal cliff coming up--most likely to kick the can down the road a bit,unless Obama puts his foot down on Republicans attempts to blackmail him to get their tax cuts at the expense of the american economy
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18-11-2012, 10:30 AM
#4260
Originally Posted by skid
Rangebound ATM-- Keep an eye on the middle east..Is USA getting better?..Europe seems to be getting worse... Fiscal cliff coming up--most likely to kick the can down the road a bit,unless Obama puts his foot down on Republicans attempts to blackmail him to get their tax cuts at the expense of the american economy
USA looked like it was getting better just before Election funny that... truth is all is not well ....2013 will go down in history as the year of Gold/Silver really booms
"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
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