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The Gold Bull is DEAD. Long Live The Gold Bull.; It ain't over yet flyboy.
Topic Started: 18 Jul 2013, 12:53 AM (16,405 Views)
Blondie girl
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MMM
9 Oct 2013, 05:06 PM
You wish to sit there and complain that somebody may ridicule you because you did not know what fools gold is,and that you would put them on ignore, but at the same time wish to sit back and ridicule others.

I was going to explain to you all what caused the great depresssion seeing as nobody else is able to do that anywhere ,else, but seeing as you know it all , I dont think I'll waste my time. Maybe listen to your old man a bit more blondie.
Sorry

I did not wish to offend.
Yes I m still wishing to learn & understand about gold more , you cannot deny its volatile, & it's not good ATM.

Gold as with other investments like property has its considerable positives & negatives. It needs understanding , I have the confidence with property but not with gold.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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The_MainIander
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MMM
9 Oct 2013, 05:06 PM
I was going to explain to you all what caused the great depresssion .....
No need. The gold standard caused the Great Depression.

Quote:
 
Gold Standard

According to the gold standard theory of the Depression, the Depression was largely caused by the decision of most western nations after World War I to return to the gold standard at the pre-war gold price.


Quote:
 
Berkeley Professor Barry Eichengreen has fueled the flames of anti-gold in his recent historical work, Golden Fetters: The Gold Standard and the Great Depression, 1919-1939 (Oxford University Press, 1992). Essentially, the author argues that (1) the international gold standard caused the Great Depression and (2) only after abandoning gold did the world economy recover. The book has been praised by colleagues, further dampening enthusiasm for the precious metal as an ideal monetary system.
Edited by The_MainIander, 9 Oct 2013, 05:51 PM.
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MMM
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The_MainIander
9 Oct 2013, 05:51 PM
No need. The gold standard caused the Great Depression.




You are incorrect and so is your so called expert professor , like most experts, they have no idea.

Anybody else wish to have a go, feel free to use google or any other means possible.

What I will say ,is that I have not seen what I will explain anywhere else, so, anybody wish to have a go, its not rocket science . And I might just look into a couple of more things to find out more correct dates for you as to when it began and keep it as short and as simple as I can.

Anybody like to tell me what year they think it might have started or perhaps what decade ?
Dont worry many have not been able to explain it , so feel free to have a go, somebody,anybody.
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miw
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miw
9 Oct 2013, 04:03 PM
Gold has a hard job falling below its cost of production simply because the cost of production is set by the price of gold and not vice versa. Marginal producers always stop producing as the price falls. However, since the size of the hoards exceeds annual consumption by many times, there is pretty much no pricepoint it cannot fall below.
Of course the corollary of this is that there is pretty much no pricepoint above which gold cannot rise. It is totally free of the ravages of fundamental analysis.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Sydneyite
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miw
9 Oct 2013, 06:53 PM
Of course the corollary of this is that there is pretty much no pricepoint above which gold cannot rise. It is totally free of the ravages of fundamental analysis.
That's right! The POG is driven almost entirely by speculation. :dry:
For Aussie property bears, "denial", is not just a long river in North Africa.....
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peter fraser
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Sydneyite
9 Oct 2013, 08:01 PM
That's right! The POG is driven almost entirely by speculation. :dry:
Well there is demand for jewellery, but otherwise no fundamentals at all. There is a cost to hold it via safe custody and insurance costs.

I can't see it holding $1000 USD when interest rates start to normalise.
The anticipated nomination of Janet Yellen as Fed Chairman has boosted the USD and that's evident in the gold price.

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

Posted Image

Attached to this post:
Attachments: goldprice.gif (16.71 KB)
Edited by peter fraser, 9 Oct 2013, 09:49 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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Blondie girl
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MMM
9 Oct 2013, 06:31 PM
You are incorrect and so is your so called expert professor , like most experts, they have no idea.

Anybody else wish to have a go, feel free to use google or any other means possible.

What I will say ,is that I have not seen what I will explain anywhere else, so, anybody wish to have a go, its not rocket science . And I might just look into a couple of more things to find out more correct dates for you as to when it began and keep it as short and as simple as I can.

Anybody like to tell me what year they think it might have started or perhaps what decade ?
Dont worry many have not been able to explain it , so feel free to have a go, somebody,anybody.
I have no idea.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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MMM
Unregistered

peter fraser
9 Oct 2013, 09:08 PM
Sydneyite
9 Oct 2013, 08:01 PM
That's right! The POG is driven almost entirely by speculation. :dry:
Well there is demand for jewellery, but otherwise no fundamentals at all. There is a cost to hold it via safe custody and insurance costs.

I can't see it holding $1000 USD when interest rates start to normalise.
Normalise, thats an interesting word Peter , NORMALISE, in reference that they are not normal, you are correct there, things are certainly not normal and you can thank the US for that. When do you think that they may normalise? what about a timeframe perhaps, Its a tricky question, even for me.

The Us has had to keep lowering them over many years now to prevent their economy and dollar from imploding , forcing the value of their currency to drop and forcing other currencies to rise , making exports for everybody more expensive, and cheaper for them, the problem is they produce very little now and rely on imports which are now making things expensive for them causing inflation.

Now like the euros we are forced to lower our interest rates in an attempt to lower our dollar so we can export what we have, but with the US creating so much money we are having a hard time keeping our dollar down. We dont have much more that we can lower our interest rates or dollar for that matter, and when we hit the bottom for iinterest rates ,which could still possibly go to zirp in an attempt to keep our dollar under parity which will eventually become an impossibility unless the US dollar collapses before this ofcourse , and it is here that is hard to put a timeframe on. think of the consequences for our economy , they are slowly sending us to ruins like themselves.

I guess the sooner it collapses is when things can only start to normalise once again, what normal will be then is anyones guess. Like I have told you before with the lowering of interest rates along with our high wages and emerging economies ,we will lose many more jobs too, as we have seen lately. You doubted all that before ,and doubted the continual lowering of our interest rates thinking the bottom was long ago. Its time to start looking at the bigger picture here. If you dont ,you want be able to see it.
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Blondie girl
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I've been reading about this wealthy Canadian gold bug called Eric Sprott, he's really passionate about the precious metals , such a diehard gold bull.
He thinks that gold is heading towards US $2400.

He made lots of $$ but it seems he's got a vested interest....
Doesn't hurt to research I guess.
Newjerk? can you try harder than dig up another person's blog. My first promo was with Billabong and my name in English is modified with a T, am Perth born but also lived in Sydney to make my $$
It's Absolutely Fabulous if it includes brilliant locations, & high calibre tenants..what more does one want? Understand the power of the two "P"" or be financially challenged
Even better when there is family who are property mad and one is born in some entitlements.....Understand that beautiful women are the exhibitionists we crave attention, whilst hot blooded men are the voyeurs ... A stunning woman can command and takes pleasure in being noticed. Seems not too many understand what it means to hold and own props and get threatened by those who do.
Banks are considered to be law abiding and & rather boring places yeah not true . A bank balance sheet will show capital is dwarfed by their liabilities this means when a portions of loans is falling its problems for the bank.
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mel
Member Avatar


peter fraser
9 Oct 2013, 09:08 PM
Well there is demand for jewellery, but otherwise no fundamentals at all. There is a cost to hold it via safe custody and insurance costs.

I can't see it holding $1000 USD when interest rates start to normalise.
The anticipated nomination of Janet Yellen as Fed Chairman has boosted the USD and that's evident in the gold price.
if gold does get close to 1000 USD the long term chart is going to look similar to the silver chart and a lot of people are going to feel pretty silly Peter :lol I honestly respect the role gold has played in throughout monetary history but the main fundamental today is speculation in my view.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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