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Gold price dives through support to new low. Gold Bubble continues to deflate.; Gold price to drop another 15% this year say strategists at Societe Generale
Topic Started: 3 Apr 2013, 10:29 AM (37,674 Views)
Elastic
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I don't think the majority of renters prefer to rent.
I think that most prefer to rent in an area they can't afford to buy in but if they had the choice they would buy in that area.
So I am indeed guilty of that but I don't want to live on the outskirts of Melbourne and pay much more on a mortgage than I am now and not have a life.
Only a rat can win a rat race.

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peter fraser
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It has commenced an impersonation of a dive bomber again today, but it might pull out of the death roll.

http://www.kitco.com/charts/livegold.html

Fluoro green is todays price chart for those who don't usually watch gold.

Edited by peter fraser, 2 May 2013, 04:02 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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newjez
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Trojan
2 May 2013, 12:49 PM
No I have no sympathy for those evil specufelchers who drive up the price of gold for us poor electronics users.
Back in my parent's days, they could buy an abacus for 1 hours pay where now I need to pay a months wages to afford a basic liquid nitrogen cooled, 1TB SSD, eyefinity 6 x 30inch display desktop. Its so unfair.
Computers are necessity for our children's education and every kid deserves an education.
Gold hoarders buy gold and hide it in there backyards and not paying tax by calling it a "hobby collection" but never declaring it on their tax return.
The government should increase taxes for gold hoarders for so inefficiently using this scarce resource.
The sooner they get rid of that first gold buyers grant the better IMHO.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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Count du Monet
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Elastic
2 May 2013, 12:15 PM
I can't believe that all you doomsayers are taking such joy in the price of gold falling.
For god's sake think of the gold owners.
Sarcasm aside, doesn't worry me. My main interest in gold is idealism. I wish to see return as the monetary standard. A few years ago the smarter pundits put gold's longer term value at $1600. It over shot that by $300 for a short while. If it undershoots down 300 to $1300...all is still well.
Gold is not a penny stock, it's a commodity with high demand. Those who think it'll ever see sub $1200 again are fools and dreamers.

Aus property..........now there's a penny stock if I ever saw one! :D
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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Enjoy The Ride
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I enjoy the hysteria, Gold and Silver are a much misunderstood commodity.

Holding PM's is an investment in effort. BHP's Cannington silver mine must dig, move, and refine a tonne of ore to get 10oz of silver.

When you buy a 10oz bar of silver you capture the value of the effort required to mine it, including the costs of fuel(oil), labour, capital, etc.

If you think the costs or effort required to extract silver (or Gold) will fall in the future, don't buy it.
Enjoy The Ride!

The case for individual freedom rests chiefly on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depend. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it. Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.”
― Friedrich A. von Hayek


"I, on the other hand, am a fully rounded human being with a degree from the university of life, a diploma from the school of hard knocks, and three gold stars from the kindergarten of getting the shit kicked out of me." Blackadder.


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Pig Iron
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Bogan scum

Count du Monet
2 May 2013, 05:28 PM
Sarcasm aside, doesn't worry me. My main interest in gold is idealism. I wish to see return as the monetary standard. A few years ago the smarter pundits put gold's longer term value at $1600. It over shot that by $300 for a short while. If it undershoots down 300 to $1300...all is still well.
Gold is not a penny stock, it's a commodity with high demand. Those who think it'll ever see sub $1200 again are fools and dreamers.

Aus property..........now there's a penny stock if I ever saw one! :D
Bullshit. It is high in speculation. 1200 it get will there by the end of the year.
I am the love child of Tony Abbott and Pauline Hanson
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Ex BP Golly
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Enjoy The Ride
2 May 2013, 07:37 PM
I enjoy the hysteria, Gold and Silver are a much misunderstood commodity.

Holding PM's is an investment in effort. BHP's Cannington silver mine must dig, move, and refine a tonne of ore to get 10oz of silver.

When you buy a 10oz bar of silver you capture the value of the effort required to mine it, including the costs of fuel(oil), labour, capital, etc.

If you think the costs or effort required to extract silver (or Gold) will fall in the future, don't buy it.
WHAT!!!

You can't just print that shit?

What value does gold have if you can't just pull it out of thin air?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trojan
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Enjoy The Ride
2 May 2013, 07:37 PM
I enjoy the hysteria, Gold and Silver are a much misunderstood commodity.

Holding PM's is an investment in effort. BHP's Cannington silver mine must dig, move, and refine a tonne of ore to get 10oz of silver.

When you buy a 10oz bar of silver you capture the value of the effort required to mine it, including the costs of fuel(oil), labour, capital, etc.

If you think the costs or effort required to extract silver (or Gold) will fall in the future, don't buy it.
Same. I was investing in the cost or effort to grow tulips. :lol
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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Enjoy The Ride
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Trojan
2 May 2013, 09:06 PM
Same. I was investing in the cost or effort to grow tulips. :lol
Great analogy! how many grams of tulip bulb are in an iphone, PC, solar panel etc etc.
Enjoy The Ride!

The case for individual freedom rests chiefly on the recognition of the inevitable and universal ignorance of all of us concerning a great many of the factors on which the achievement of our ends and welfare depend. It is because every individual knows so little and, in particular, because we rarely know which of us knows best that we trust the independent and competitive efforts of many to induce the emergence of what we shall want when we see it. Humiliating to human pride as it may be, we must recognize that the advance and even the preservation of civilization are dependent upon a maximum of opportunity for accidents to happen.”
― Friedrich A. von Hayek


"I, on the other hand, am a fully rounded human being with a degree from the university of life, a diploma from the school of hard knocks, and three gold stars from the kindergarten of getting the shit kicked out of me." Blackadder.


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frankrider
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Coal is filthy, nuclear is now well out of favor, and that leaves solar photovoltaics as the preferred method going forward. It's on every other roof now, even in places like Germany.


Total solar panel manufature estimates for 2013 is 60 million ounces of silver. The majority of panels will be used in Japan and China. 60 MOZ is about 8% of world wide supply.

Quote:
 

April 01, 2013
Buoyant Silver Market: China’s Silver Demand Increases as the Euro Continues its Downfall.

Yiyao reported that “The Washington-based Silver Institute said total silver demand in China increased by more than 100 million ounces, or Moz, in the past 10 years, to a record of 170.7 Moz in 2011.”
A strong demand for silver also came from makers of personal electronics goods, including tablet computers and light emitting diode backlit televisions

http://www.globalresearch.ca/buoyant-silver-market-chinas-silver-demand-increases-as-the-euro-continues-its-downfall/5329357


They are always going to need it. But at what price???

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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