2. investors, these buy in relation to inflation and interest rates. With mainstream currencies devalued at 5% pa, an untaxed interest return of 5% is required merely to keep value. Hence gold over the long term will beat anything less than this.
3. Finally the central banks. 1979 into the 1980's these hoarded gold keeping the price high. Will they do so again?
The benchmark 10 y treasury has climbed 5 bp in just the last day or two. As rates increase, generally gold will fall. At the GFC interchange rates between climbed from 3% to over 5% and gold plummeted. Then it rose strongly with the QE that followed after.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
no matter how much you are in denial, the money you lost not selling at $1800 is real.
I have hardly any gold or silver left, I sold at $1500 to $1600 AUD over the past few years. As I said, this is about what gold is worth as far as general investment is concerned. I haven't worked for 5 years, and gone on the dole the last few weeks. I'm doing a warehouse and logistics course in January, government funded!
However gold could go to over $3,000 if the central banks start hoarding. Although in that case I'd buy silver instead and sell when it got to $100 to $120.
As for $1800, gold was only at that for a short while.
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
always the way with the bears, they magically have managed to sell at the peak and will buy back in at the lows
Yes, and it's funny how they always forget to post about it on the forum at the time, or make any verifiable record of the fact that they sold at the peak. We only find out about their great timing afterwards, and have to take their word for it. It's like crazy Ted last year insisting gold was going to the moon and that he'd sold his home to pile into gold. Then after gold crashed and house prices boomed instead, Ted reappears with some new identity claiming to have sold his gold before the crash and bought an IP.
Same with FrankRider vs Goldbug... FrankRider claimed to have bought his gold around $1400 (this was when gold was up at $1800). Then gold crashed below 1400 and FrankRider vanishes to be replaced by GoldBug who claims to have bought his gold at $1000. I guess when gold falls below $1000, Goldbug will vanish and rejoin as some new identity who bought gold at $500.
Would I lie? (except about my sexual adventures, but all men do that)
I've explored the issue, and gold rose strongly in 1930's when the US government hoarded. The same thing happened in the last Gold Bull. The central banks mysteriously selling and buying gold counter intuitively. Will they do so again?
No, I said gold is worth about $1600 (with ZIRP), I warned people not to buy over $1700.
3. Finally the central banks. 1979 into the 1980's these hoarded gold keeping the price high. Will they do so again?
Corrected for you
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
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