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Gold buyers are getting a Margin Call
Topic Started: 19 Dec 2013, 09:10 PM (3,822 Views)
Count du Monet
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peter fraser
20 Dec 2013, 08:26 AM

BTW gold is still tanking - down to $1189 now.

I bought at $500 to 550 AUD! :D

There are three types of buyers for gold.

1. jewelers.

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!!!

Don't be SAUCY with me Bernaisse
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Pig Iron
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Bogan scum

Count du Monet
20 Dec 2013, 11:33 AM
I bought at $500 to 550 AUD!
no matter how much you are in denial, the money you lost not selling at $1800 is real.
I am the love child of Tony Abbott and Pauline Hanson
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Count du Monet
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Pig Iron
20 Dec 2013, 11:37 AM
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! :D

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!!!

Don't be SAUCY with me Bernaisse
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Pig Iron
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Bogan scum

Count du Monet
20 Dec 2013, 11:53 AM
I have hardly any gold or silver left, I sold at $1500 to $1600 AUD over the past few years.
sure you did.... always the way with the bears, they magically have managed to sell at the peak and will buy back in at the lows.
Count du Monet
20 Dec 2013, 11:53 AM
However gold could go to over $3,000 if the central banks start hoarding.
yes and purple monkeys from outer space could come and buy it as well
Count du Monet
20 Dec 2013, 11:53 AM


As for $1800, gold was only at that for a short while.
yep, and you were all insisting gold to the moon then.
Edited by Pig Iron, 20 Dec 2013, 11:59 AM.
I am the love child of Tony Abbott and Pauline Hanson
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Shadow
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Evil Mouzealot Specufestor

Pig Iron
20 Dec 2013, 11:57 AM
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. :re:

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.
Edited by Shadow, 20 Dec 2013, 12:11 PM.
1. Epic Fail! Steve Keen's Bad Calls and Predictions.
2. Residential property loans regulated by NCCP Act. Banks can't margin call unless borrower defaults.
3. Housing is second highest taxed sector of Australian Economy. Renters subsidised by highly taxed homeowners.
4. Ongoing improvement in housing affordability. Australian household formation faster than population growth since 1960s.
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Count du Monet
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Pig Iron
20 Dec 2013, 11:57 AM
a
Would I lie? (except about my sexual adventures, but all men do that) :D

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.
Edited by Count du Monet, 20 Dec 2013, 12:22 PM.
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!!!

Don't be SAUCY with me Bernaisse
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stinkbug
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peter fraser
20 Dec 2013, 09:58 AM
You have to appreciate that Frank Rider has a bull that runs backwards, a bit like Italian tanks during WW2.

Gold is down $31 overnight - now $1187
If I had a bull that looked like Frank Rider I'd teach it to run backwards too.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Catweasel
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Catweasel say strange.

Gold a flush down a toilet by a truckload,

and a largest gold the miner in a Japan,

up a 30% in a 2013.

It couldn't read about it,

even in a Herald the Sun.

If it cannot find the narrative,

it have to be put it down as mad as batshit,

or those wacky Japanese.
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Frank Castle
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Business As Usual

Count du Monet
20 Dec 2013, 11:33 AM
There are three types of buyers for gold.

1. jewelers.

2. GREATER FOOLS

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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Catweasel
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Frank Castle
20 Dec 2013, 12:32 PM
Corrected for you
Crikey Frankie,

it a champion of rough-around-a-edges, chip-of-old-block, no-flies-on Frankie,

but a greater the fools??

If a world not a speculate, where does a Frankie be in a 2013?

Still in a hills searching for critters with a cousins?
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