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
Tweet Topic Started: 3 Apr 2013, 10:29 AM (37,673 Views)
Bullshit. It is high in speculation. 1200 it get will there by the end of the year.
What pie did you pluck that little plum out of? I've researched the subject pretty well. An yes, 1200 even a thousand would be a price for gold if the investors weren't interested.
I did mention what drives gold investors?............negative interest rates. Fiat money under Basel is devalued by 5 to 5.5% pa. That means a neutral rate would be 5 or 6%. And that's only break even for those not paying tax and a loss for CD's that are taxed. With Zirp fiat money is losing at least 5% pa. Until world interest rates rise for the jewelry market plus investors, gold will remain centered on $1600. And if the Central Banks hoard gold, count on double that.
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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.
The history of manufactures is that inventive ways are found to use less of the expensive metal. For example computers only use 1/10 of the gold they did two decades ago. Don't count on it and unlike gold there is plenty of silver that can be brought on tap. However if you like silver, this is choice moment to buy. I recommend it over gold at the 60 to 1 ratio. Typically if the central banks hoard gold, the jewelry market turns to silver. And they use big chunks of metal to make jewelry. Their demand could triple over night if gold becomes too expensive.
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!!!
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.
there is 2 problems with PV as a replacement. how do you store the excess for night time, and where will the indium keep coming from?
Enjoy The Ride
2 May 2013, 07:37 PM
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.
wrong wrong wrong.
production costs never dictate the price of commodities unless it is in demand and supply is limited. production costs aren't "captured" in anyway. if demand drops that silver can be sold off for less than it cost to produce in a heart beat.
production costs never dictate the price of commodities unless it is in demand and supply is limited. production costs aren't "captured" in anyway. if demand drops that silver can be sold off for less than it cost to produce in a heart beat.
so explain why you got caught with your pants down the other week?
you have been telling me for almost 12 months how fiat this and fiat that will send gold over $2000/oz and yet all it's done is glide like a brick.
It depends who is doing the buying.
If nobody bought then the price would be zero.
The jewelry market puts gold at a $1000.
While we have ZIRP the investors put gold at $1600.
For plus $2,000 we need Central Bank hoarding. They did so in the 1930's and 1940's. They did so from 1979 to the end of the 1980's. Will they change their act? Will they stop selling gold when it is cheap and buying when it is expensive?
It's quite true that I didn't expect the recent fall, but how long can that last?
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!!!
While we have ZIRP the investors put gold at $1600.
So you admit it, the price is supported by irrational specufelchers , gamblers and fucktards Because "actual" investors dont buy "stuff" praying for it to go up while not producing a yield.
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It's quite true that I didn't expect the recent fall, but how long can that last?
Ignore posts by The Whole Truth · View Post · End Ignoring The forum fuckwit goes RRRAAARRRGGHHhhh - But not a fuck was given..................by anyone.
While we have ZIRP the investors put gold at $1600.
For plus $2,000 we need Central Bank hoarding. They did so in the 1930's and 1940's. They did so from 1979 to the end of the 1980's. Will they change their act? Will they stop selling gold when it is cheap and buying when it is expensive?
It's quite true that I didn't expect the recent fall, but how long can that last?
i don't argue with your logic so much as the price points you have set.
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