Peter is a person who clearly enjoys watching other people suffer financial ruin.
I've been reassured many times here that goldbugs buy the metal to hold forever and it is merely an insurance policy. I fail to see any one suffering financial ruin here - the fall is price is just the insurance premium.
It seems to be a phenomina of the $US. When the $US strengthens, gold weakens, but only in US dollars, not in other currencies that also grow weaker against the dollar. This constant up and down in currency valuations must be very disruptive for business. How can an exporter or importer, or anyone relying on the import of major components or the export of their products conduct decent forward planning.
You can buy a currency hedge sure, but that's just another level of complexity and another expense with more of your profits milked off by the business shirt brigade. I can see why we need depressions now. It's not just to clean out all the toxic debt, but to clean out all the excess in the system generally.
Rich people love the stuff (sign of wealth and all that).
Yes, thats what I said, vanity A financial schlong so to speak FYI there would be a few oz of gold and silver jewelry lying around here in draws somewhere, but my wife and I are not shiny bauble wearing types - not since the 80's anyways.
I have no need for such a superficial prop, obviously the same can't be said for you. Do you have a european car and the latest iPhone as well?
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Maybe one day, you might have enough left over cash to be able to afford some for yourself.
LOL, I have unencumbered property and several hundred k accessible in redraw and slush funds yet in your insecure mind I can't afford to buy a bit of metal?
Unlike you I buy articles of actual use Unlike you I buy investments with yield Unlike you I have no shortcomings so do not require a "prop" to make make me feel better about myself
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
I have no need for such a superficial prop, obviously the same can't be said for you. Do you have a european car and the latest iPhone as well?
I don't wear jewellery, designer clothes and I don't have an Iphone (HTC, two years old). I don't have a thermomix, big boat or european car either. I like to spend my money on travel (and not to Bali).
I find that people who display signs of wealth are typically not wealthy. Bogans wear D&G sunglasses and big gold neck chains. Not my thing at all.
But it doesn't alter the fact that there will always be a demand for the "useless metal".
Quote:
Unlike you I buy articles of actual use Unlike you I buy investments with yield
Got those as well Frank. I am less than 10% of my spare capital in Gold.
It is a hedge against the unexpected.
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.
Unlike you I buy articles of actual use Unlike you I buy investments with yield Unlike you I have no shortcomings so do not require a "prop" to make make me feel better about myself
Frank, you're an old flea from rockhampton who collects furniture from roadside clearouts. Who are you trying to impress, the residents of the local caravan park?
Shadow was hopelessly wrong about the Gold Bull Market. What else is he wrong about?
Gold has fought back up to $1234 after earlier falling to $1225
The AUD dropping below $0.90 is bigger news....
Yields going up across the board in the US. The folks are scared of what might happen at FOMC this week.
BTW buying stocks on the Tuesday of every FOMC week and selling on Friday and being in cash the rest of the time outperforms the S&P fairly handily, I have heard. (I have not backtested personally.)
The truth will set you free. But first, it will piss you off. --Gloria Steinem AREPS™
Yields going up across the board in the US. The folks are scared of what might happen at FOMC this week.
BTW buying stocks on the Tuesday of every FOMC week and selling on Friday and being in cash the rest of the time outperforms the S&P fairly handily, I have heard. (I have not backtested personally.)
The weakening AUD actually cancels out golds falls over the last week.
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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