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Gold easing down
Topic Started: 11 Sep 2014, 09:57 PM (11,444 Views)
Count du Monet
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Mike
1 Oct 2014, 01:49 PM
I would consider buying gold once it reaches around $800 which is where I think gold will end up in a few years time.
It's quite possible for an official price of $800 to be created for a short time, the only problem is that the ordinary sucker won't be able to get it at that price.

It could go there if the FED jumped rates to 6%, although probably head to a thousand a short amount of time later.
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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Jimbo
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Count du Monet
1 Oct 2014, 07:31 PM
It could go there if the FED jumped rates to 6%, although probably head to a thousand a short amount of time later.
US stopping QE and increasing rates = deflation. Cure for deflation is ZIRP and QE.
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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b_b
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Jimbo
1 Oct 2014, 08:46 PM
US stopping QE and increasing rates = deflation. Cure for deflation is ZIRP and QE.
You have that precisely backwards.

Low interest rates are deflationary. It reduces the net interest income to the private sector. QE is the same. The loss of high yield assets for low return cash deprives the private sector of income.

Japan has already taught us these lessons over the past 20 years. But like most areas of economics, ideology overrides data, logic and observation.
(S – I) + (T - G) + (M - X) = 0
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Dr Watson
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How the junior miners move with the iron ore price:

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Edited by Dr Watson, 2 Oct 2014, 09:24 AM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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Dr Watson
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If you thought things were tough being a gold investor, give thanks you're not in silver:

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Edited by Dr Watson, 2 Oct 2014, 03:07 PM.
The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt — Bertrand Russell
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peter fraser
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Actually gold has staged a small recovery today.

I didn't check silver. I remember when silver hit $50 and one blogger was convinced that he was about to become a millionaire on the stuff. He bought at about $18, now he's back where he started. Life is like that sometimes.

Any expressed market opinion is my own and is not to be taken as financial advice
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Jimbo
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peter fraser
2 Oct 2014, 04:03 PM
Actually gold has staged a small recovery today.

I didn't check silver. I remember when silver hit $50 and one blogger was convinced that he was about to become a millionaire on the stuff. He bought at about $18, now he's back where he started. Life is like that sometimes.

Silver was the metal of choice for the bug out brigade. A huge number of people piled in at $25,$30 and $40 an ounce because it was going to $500 or $1000.

I would say $15 or so would be fair value.

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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Count du Monet
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Dr Watson
2 Oct 2014, 03:07 PM
If you thought things were tough being a gold investor, give thanks you're not in silver:

That's what I've said all along. Silver isn't a true monetary metal anymore because of the lack of demand and also far more volatile than gold.

However if there is a point in time to make a bet on silver, this is it. Current prices are on the cheap side. I'd value silver at $32 an ounce.

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Silver was the metal of choice for the bug out brigade. A huge number of people piled in at $25,$30 and $40 an ounce because it was going to $500 or $1000.


If the central banks horde gold I'd expect to see $200 silver for a short while.
Edited by Count du Monet, 2 Oct 2014, 07:17 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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Trojan
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peter fraser
2 Oct 2014, 04:03 PM
I didn't check silver. I remember when silver hit $50 and one blogger was convinced that he was about to become a millionaire on the stuff. He bought at about $18, now he's back where he started. Life is like that sometimes.

At least he got good yield all the years ... oh wait up ... nvm :re:
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
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peter fraser
2 Oct 2014, 04:03 PM
Actually gold has staged a small recovery today.

I didn't check silver. I remember when silver hit $50 and one blogger was convinced that he was about to become a millionaire on the stuff. He bought at about $18, now he's back where he started. Life is like that sometimes.

Sounds a lot like Brisbane real estate, just when you think it looks like it might go up for once, it starts heading back down.
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