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Gold easing down
Topic Started: 11 Sep 2014, 09:57 PM (11,438 Views)
Jimbo
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peter fraser
10 Oct 2014, 09:08 AM
Yep it's had a solid bounce in Zimbabwe Dollars as well. It's nearly $440,000 per ounce - you will soon be rich in Zimbabwe.
Which is the perfect example of why having a bit of Gold makes good common sense. A Zimbabwean who bought an ounce or ten of Gold would have seen that proportion of their capital become immune to the hyperinflation in the local currency. They could also have achieved this through other means as well, but physical gold is a relatively simple way to store large sums outside of the banking system.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Yeah right
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Jimbo
10 Oct 2014, 09:27 AM
A Zimbabwean who bought an ounce or ten of Gold would have seen that proportion of their capital become immune to the hyperinflation in the local currency.
Except no. They'd more likely have been killed by some dude with a gun or machete and had the gold taken from them.
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Jimbo
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Yeah right
10 Oct 2014, 09:35 AM
Except no. They'd more likely have been killed by some dude with a gun or machete and had the gold taken from them.
Maybe if they wore the stuff around their necks but if they'd shoved a few ounces under the floorboards and kept quiet about it.
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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Jimbo
10 Oct 2014, 09:50 AM
Maybe if they wore the stuff around their necks but if they'd shoved a few ounces under the floorboards and kept quiet about it.
Not much use to them under the floorboards. In order to trade it for cash or goods they'd need to take it out.
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Jimbo
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Guest
10 Oct 2014, 09:54 AM
Not much use to them under the floorboards. In order to trade it for cash or goods they'd need to take it out.
Derr...
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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PMS
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Gold is a useless shiny rock which the precious metals cartel manipulates higher with naked paper longs. Dump it, dump it now! http://www.papermoneyshield.com/2014/10/naked-paper-longs-protect-articificial.html
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PMS
10 Oct 2014, 11:33 AM
Gold is a useless shiny rock which the precious metals cartel manipulates higher with naked paper longs. Dump it, dump it now! http://www.papermoneyshield.com/2014/10/naked-paper-longs-protect-articificial.html
Are, where do we find such rubbish.

Its the fed trying to push it down,but the Indians and Chinese and Russians keep saying thank you very much, I will swap a bit more of this toilet paper they call the US dollar for some real money. :lol

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Looks like it's time for the thread poster peter to admit defeat on gold. All the stock markets are in decline and gold has retraced its losses and is back over $1400 Australian. Woo Hoo.
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zaph
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Why do posters quote gold in AUD? It's quoted in USD. If you want a FX trade then do it, but don't confuse it with gold.
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Jimbo
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zaph
11 Oct 2014, 10:06 AM
Why do posters quote gold in AUD? It's quoted in USD. If you want a FX trade then do it, but don't confuse it with gold.
Anyone in Australia buying Gold is doing an FX trade and is only interested in the AUD price (because when we sell we will be exchanging for AUD).
Matthew, 30 Jan 2016, 09:21 AM Your simplistic view is so flawed it is not worth debating. The current oversupply will be swallowed in 12 months. By the time dumb shits like you realise this prices will already be :?: rising.
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