Gold

[tricha]

An article written on May 18, as the POG spiked.

http://www.moneyweek.com/investments...ack-02004.aspx

Amongst other things, the writer Dominic Frisby comments:



The article looks at both sides of the POG argument. Looks like the next few days are going to be tricky to deal with.

WELL El Zorro, all I know is @ $1452.80 an ounce, OZ gold producers should be making good coin, if the world market tanks and paper money as we know is just that, paper. Something tangable will need to be again, hence gold and silver come back into the mix.
So a little bit of gold is a good piece of insurance in these troubling times.

[Skol]

So a little bit of gold is a good piece of insurance in these troubling times.

FML good insurance? Maybe you've capitulated tricha.

[elZorro]

WELL El Zorro, all I know is @ $1452.80 an ounce, OZ gold producers should be making good coin, if the world market tanks and paper money as we know is just that, paper. Something tangable will need to be again, hence gold and silver come back into the mix.
So a little bit of gold is a good piece of insurance in these troubling times.

Yes, especially miners with plenty of production right now, so they can cash in on the low exchange rate, and high POG. I think the grades of ore, on average, for each miner would be an interesting comparison. Otherwise you have to wait until they report on profit.

The POG has broadly advanced all day, and gone up $20 to US$1205/oz. This is all fine for goldies, but a bit worrying, no?

[elZorro]

Gold spotted heading for US$1215, climbing vertically..

It looks like there is a lot of gold being bought in London this evening, and towards the end of most trading sessions. From what I have read, this is not a good sign for most equities. Any comments out there? This thread should have a bit more traffic.

http://tfc-charts.w2d.com/chart/DW/X

[Huang Chung]

It looks like there is a lot of gold being bought in London this evening

http://tfc-charts.w2d.com/chart/DW/X

Yeah, I say Skol has finally seen the light and decided to buy....

[ENP]

Yeah, I say Skol has finally seen the light and decided to buy....

Why not wait 1-2 years until all asset classes go on a 50% or more sale and buy then. Everyone loves a bargain. Buy for value instead of price.

[Skol]

Yeah, I say Skol has finally seen the light and decided to buy....

ETF's - fraught with danger.......

Physical gold - too illiquid.......

Gold shares - aaahhhhh, yeah right!

tricha' 'insurance' is FML. He needs insurance for his insurance.

I know it's not your fault goldbugs that it's not $10,000oz, it's the IMF, ECB, Ben Bernanke, the Fed, and last but not least, those thieving 'banksters'.

LOL

[COLIN]

I confess to having bought some NCM and CXC on the ASX this week. Insurance.

And just look at OGC on the NZX this morning!

[elZorro]

I confess to having bought some NCM and CXC on the ASX this week. Insurance.

And just look at OGC on the NZX this morning!

Hi Colin, yes, that was a pleasant result considering the earbashing 'her indoors' has been giving me for using the savings a/c. No bank is going to pay 14% interest per day.

Skol

Gold shares - aaahhhhh, yeah right!

, was that you buying early on today?
Some producing miners are a no-brainer at the moment, not to say they'll stay at the same price multiples forever.

[Skol]

Goldbugs are trumpeting the value of gold in AUD, because the USD is appreciating against it.

Hold on, isn't the USD, according to goldbugs and JBMurc supposed to be imploding with the debt-plagued 'fiat money' headed for extinction?