Don't worry about timmy, no one listens to him around here. He's just bitter that home prices havent doubled in 10 years like they promised him at the seminar. Gold is holding nicely above it's lows now and is poised for a big runup as more people wakeup to the fact that paper assets will not give them the retirement they believed was their birthright. Unfortunately many will buy as it approaches it's peak and then get wiped out.
furiously spruik all you want frankie. your gold and silver has taken a huge hit, no matter how you try wriggle.
I am the love child of Tony Abbott and Pauline Hanson
Those that thought gold would continue it's price corrections have been caught with their pants around their ankles. Fundamental demand worldwide is still surging and the price is now only down 17% from it's high. All in a matter of just 3 short months. Those who bought at the bottom have already made good profits and will continue to increase their gains as time goes on.
Those with a bearish outlook on gold have let their opinions get in the way of some quick profits, they forgot the old adage, "Buy when there is blood on the street"
spruik all you want frankie. your gold and silver has taken a huge hit, no matter how you try wriggle.
Huge hit. 17%? How are your iron ore plays doing? Oh that's right, you said you didn't mind that the price had tanked 40%. Well good luck making a secure retirement portfolio with that sort of attitude. You were wrong about gold piggy, you might as well just admit it now and earn back a little respect from the other members on the forum. The longer you wait, the higher gold will probably go and the worse your stance will look.
Those that thought gold would continue it's price corrections have been caught with their pants around their ankles
How so? Were they shorting it or something? Most people who called the bursting of the gold bubble would have no position in gold, so why would this latest gold bounce matter to them any more then the previous bounces that occurred during the past two years of this gold bear market? This is the fifth major bounce, and every time prices have fallen again to new lows. Check the chart. Every major bounce has been followed by a fall to a new low. Prices will be at another new low within months.
Those that thought gold would continue it's price corrections have been caught with their pants around their ankles. Fundamental demand worldwide is still surging and the price is now only down 17% from it's high. All in a matter of just 3 short months. Those who bought at the bottom have already made good profits and will continue to increase their gains as time goes on.
Those with a bearish outlook on gold have let their opinions get in the way of some quick profits, they forgot the old adage, "Buy when there is blood on the street"
Huge hit. 17%? How are your iron ore plays doing? Oh that's right, you said you didn't mind that the price had tanked 40%. Well good luck making a secure retirement portfolio with that sort of attitude. You were wrong about gold piggy, you might as well just admit it now and earn back a little respect from the other members on the forum. The longer you wait, the higher gold will probably go and the worse your stance will look.
it's called a dead cat bounce.
your pants are still firmly attached to your ankles from it's drop from $1900/oz. all your clueless commentary on iron ore won't change that fact.
the fact is the majority of your quoted rise is due to the dropping in the AUD against the USD, not the rising value of gold.
Why Shadow? It's an American Chart in US dollars. Shall I post up a chart of US house prices? Shall we consider your SYD losses in terms of losses in Nervada? Please repost a chart of gold in Australian dollars and I will have a look at your argument, but until then what you say is just meaningless hyperbol.
Pig Iron
1 Aug 2013, 03:17 PM
it's drop from $1900/oz. all your clueless commentary on iron ore won't change that fact.
the fact is the majority of your quoted rise is due to the dropping in the AUD against the USD, not the rising value of gold.
Another silly comment, I don't know why I bother. We live in Australia timmy "AUSTRALIA", got it!
It doesn't matter what they buy and sell their gold for as far as what WE buy and sell ours for. When property in the US tanked it fell here too remember? Do you compare the US falls with our falls. Gold has recovered all but 17% of it's correction, it is miles ahead of iron ore and all the experts agree that iron ore is done, it's price will be falling year after year as China demand collapses.
Why Shadow? It's an American Chart in US dollars. Shall I post up a chart of US house prices? Shall we consider your SYD losses in terms of losses in Nervada? Please repost a chart of gold in Australian dollars and I will have a look at your argument, but until then what you say is just meaningless hyperbol. Another silly comment, I don't know why I bother. We live in Australia timmy "AUSTRALIA", got it!
It doesn't matter what they buy and sell their gold for as far as what WE buy and sell ours for. When property in the US tanked it fell here too remember? Do you compare the US falls with our falls. Gold has recovered all but 17% of it's correction, it is miles ahead of iron ore and all the experts agree that iron ore is done, it's price will be falling year after year as China demand collapses.
Gold might give you some protection against a falling Aussie Dollar, but really US dollars would be better and safer than gold.
Any expressed market opinion is my own and is not to be taken as financial advice
Why Shadow? It's an American Chart in US dollars. Shall I post up a chart of US house prices? Shall we consider your SYD losses in terms of losses in Nervada? Please repost a chart of gold in Australian dollars and I will have a look at your argument, but until then what you say is just meaningless hyperbol. Another silly comment, I don't know why I bother. We live in Australia timmy "AUSTRALIA", got it!
It doesn't matter what they buy and sell their gold for as far as what WE buy and sell ours for. When property in the US tanked it fell here too remember? Do you compare the US falls with our falls. Gold has recovered all but 17% of it's correction, it is miles ahead of iron ore and all the experts agree that iron ore is done, it's price will be falling year after year as China demand collapses.
Gold might give you some protection against a falling Aussie Dollar, but really US dollars would be better and safer than gold.
Over what time frame? The US$ has lost 95% of its purchacing power since 1920. The longer you hold US dollars, the more you lose.
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