Gold

[skid]

If the democrats and republicans worked together with the real intention of solving the real problems ,instead of their own silly interests,I think they could make headway.
But the odds of that are slim.
Most likely it will be more of the same, which would see a rise in gold.
Whether it becomes a boom or a steady rise is yet to be seen.
There will most likely be some corrections along the way though.

[lakedaemonian]

"no comment" from Soros on his recent investmemt in Gold.

Probably because he was bagging Gold to all the little people not very long ago.

Don't listen to what the oligarchs say, watch what they actually do.

The gold souk certainly seemed to be busy as usual in Dubai recently.

[elZorro]

"no comment" from Soros on his recent investmemt in Gold.

Probably because he was bagging Gold to all the little people not very long ago.

Don't listen to what the oligarchs say, watch what they actually do.

The gold souk certainly seemed to be busy as usual in Dubai recently.

Gold seems to be holding above US$1700 no problem. Lots of worries ahead for the USA though, choose QE or recession.

http://equedia.com/blog/view.php/Sho...m_medium=email

[Skol]

I've gotta hand it to the goldbugs, they're a patient bunch. PM's are one of the worst investments on the planet for the last 15 months and they still think the lotto win's just around the corner.


Since gold hit $1920 you'd have been about 16% better off with your money in the bank.

[skid]

Gold jumps to $1750 and as is many times the case,its not Gold itself ,but a reflection of something else.--this time the falling $US---Its a response to some other event.
Thats why those that simply think of the price of gold as an entity upon itself ,are not looking deeply enough---Most are buying because they think the economy is a bit broken...Decide for yourself

[Skol]

Gold isn't the worst investment on the planet (at the moment), gold shares are. The XGD's down about 27% in the last year.

[skid]

Guess there are good ones and bad ones ..just like airlines.

[gonzo56]

Guess there are good ones and bad ones ..just like airlines.

There sure are; OGC is up almost 60% this year.

[denpal]

Gold isn't the worst investment on the planet (at the moment), gold shares are. The XGD's down about 27% in the last year.

Gold bugs have a longer investment horizon than that as you would be well aware! Yes patience is required. When the big C wave gets underway that will confirm the investment strategy.

My silver miner is up six times in six years, so don't see what the problem is. Company growth, PM prices growth and sector sentiment growth = big gains year after year.

[JBmurc]

Basel III has rerated Gold Bullion as a Tier 1 asset as at January 1st 2013........how much that will affect the gold price we will find out...
I think it will have to be bullish as it really always has been accepted as a low risk highly respected asset international by many esp. chinese,india etc.... now even International banking supervisor's move it to the top ....



http://www.mineweb.com/mineweb/conte...8225&sn=Detail

Why Clearing Entities Are Accepting Gold as Collateral

LCH.Clearnet is a clearing house for major international exchanges and platforms, as well as a range of OTC markets. As recently as 9 months ago, figures showed that they clear approximately 50% of the $348 trillion global interest rate swap market and are the second largest clearer of bonds and repos in the world. In addition, they clear a broad range of asset classes including commodities, securities, exchange traded derivatives, CDS, energy and freight. The development follows the same significant policy change from CME Clearing Europe, the London-based clearinghouse of CME Group Inc., announced recently that it plans to accept gold bullion as collateral for margin requirements on over-the-counter commodities derivatives. Both C.M.E. and now LCH.Clearnet Group have decided to allow use of gold as collateral from 28th August. It is likely that they too have the same concerns about the possibility of another ‘credit crunch' and the danger forced asset sales can have on liquidity. They too see the benefits of treating gold as money and collateral.