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chisel
08 Oct 09 11:24
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Date Joined: 19 Sep 08
| Topic/replies: 1,585 | Blogger: chisel's blog
The rise in recent weeks could well be teh final little spurt befor the buble finally pops!!

The same thing happened with Dot Coms, Oil , Houses

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Replies: 36
By:
Gooseman
When: 08 Oct 09 11:25
so you must be short then?
By:
supersavo
When: 08 Oct 09 11:42
Got money in the Blackrock gold and general fund, gonna go back to cash over next couple days, nice profit will pay for a decent hol at end of month, will buy back in when theres a downturn....
By:
chisel
When: 08 Oct 09 12:53
Goose

I am not in on Gold, unfortunatley . I just dont really get it. I have no real opinion on it accept the investment itself looks very much like the bubbles we have had in other commodity. Now the amateurs are jumping on teh band wagon are we going to see a capitulation?
By:
Menelaus
When: 08 Oct 09 13:13
One word in your entire post chisel says it all, ........unfortunately

Although misspelled, it's pretty hard to miss the irony.

Unfortunately I don't own something which you believe is about to go "pop".

Hmmm, do you actually believe what you post?

Unfortunately, I think not.
By:
chisel
When: 08 Oct 09 13:30
I was asking a question Menelaus?

I have no real opinion on Gold one way or another.. It has never interested me. However, I can see how it is very interesting to you guys that are currently sitting on a tidy profit!

As with any investment , it would be nice to be sharing all that love and joy!! Fair play to anyone that puts their money where their mouth is!
By:
uptheowls
When: 08 Oct 09 15:40
With Keynsian economists running the show & the general public almost oblivious to Gold, I'll be sticking with Gold until at least one of the aforementioned changes.
By:
Jim Hensen
When: 08 Oct 09 16:05
The man in the street appears to be talking about gold and are very interested.........

but very few follow through with a purchase, in my experience.
By:
Sir Denis Eton-Hogg
When: 08 Oct 09 17:59
what % of public own gold compared to shares/property etc. probably v low atm
By:
Sir Denis Eton-Hogg
When: 08 Oct 09 17:59
(except jewellery of course!)
By:
Leven
When: 08 Oct 09 20:59
No there has been very little interest from Joe Public even with Gold at record highs! Completely underowned by the West as our governments have conviced the populace that its a 'barbaric relic' so we accept their paper notes. Who has been buying since the late nineties - the middle east and china and guess what they're about to demand in payment for the goods they produce? If you think the 'charts' indicate a bubble take a look at a chart of gold priced in Indian Rupee or Zimbabwe $ or maybe even GBP......
By:
Nova Sicko
When: 08 Oct 09 22:00
your never skint if your got a bit of gold
By:
Mrben
When: 09 Oct 09 03:24
gold will go higher.Not because of anything fundamental but because of worldwide excess liqidity chasing some kind of return.Where will it go? Constant referral to "inflation adjusted 2000$" my tip is that it will go beyond 2000$ to who knows where before the inevitable crash.Theres no way it will crash from here.If it fell to say 960$ do yu want to buy it? You bet I do ! I hear you saying.Do you think you the only one? Its the same mentality driving stockmarkets.LIQUIDITY.
Stocks are bizzarly highly priced but yet go higher. LIQUIDITY. Ratiional analysis no longer applies.
Get on ,get on, get on, just dont get caught when the ship hits the iceberg.
By:
Murgutpura
When: 09 Oct 09 07:05
there has been very little inerest from 'joe public' as you say because joe knows
the price of everything and the value of nothing.
currently joe public is being conned out of his gold (have you ever seen so many tv ads )
at up to 75% discount its true worth ( the ads have to be paid for )
still he gets a bit of cash and that gives him a short term**

joe public doesnt get that gold is money (j.p morgan) he sees it as a commodity only.
it is not joe public that is raising the bar on the gold price.
if and when he does that will be the signal to get off the train.
By:
grey shark
When: 09 Oct 09 08:08
chisel 08 Oct 13:53


looks very much like the bubbles we have had in other commodity. Now the amateurs are jumping on teh band wagon are we going to see a capitulation?


Chisel talking about bubbles and amateurs in the same paragraph , ....... hmmm like amateur mortgage brokers who openend new offices in 2007 a few months before the credit markets seized up , a debt pedlar stuck in his own bubble .... LOL

'Bubbles and Amateurs' .......... sounds like a good title for a book
By:
chisel
When: 09 Oct 09 08:15
Sharky

Where have you been. Licking your wounds I guess!! I am no amateur Sharky, unlike many.

The very point was comparing the sheep that are flocking towards teh shiny stuff in the same way that they flocked to property. Is there a massive difference? That is what I would like to know...
By:
grey shark
When: 09 Oct 09 08:23
i have no wounds to lick you fool , you had a 10 year plus credit and housing boom don't think it's all gone away after a 18 month correction , it's a longggg game .....
By:
Menelaus
When: 09 Oct 09 08:36
Is there a massive difference? That is what I would like to know...


you are kiddin, right?
By:
sidthekid
When: 06 Nov 09 17:45
Take it you did Not know about the Annual Diwali week in India.

Indians buy 56 tonnes of gold during Diwali festival

http://www.commodityonline.com/news/Indians-buy-56-tonnes-of-gold-during-Diwali-festival-22320-3-1.html
By:
OLD HEAD
When: 06 Nov 09 19:43
gold is not for the joe bloggs ,or the man in the street as you say ,its not for the investor,its for gamblers ,it has no real value (well very little)its only going down,good luck if you get in and get out on this wave ,but please dont think holding it long term is a good idea.
By:
thesniffer
When: 06 Nov 09 21:09
^^^^ Gold is a currency ^^^^
By:
thesniffer
When: 06 Nov 09 21:11
....and the only one that can't be printed
By:
taffy
When: 06 Nov 09 22:15
When the IMF sells 200 tons to the Indians - thats the top of the market.
By:
Biodiesel
When: 06 Nov 09 22:25
dollar to rebound by 10% Gold to correct then, but long term Gold goin up
By:
Leven
When: 07 Nov 09 10:42
Gold is so far away from a bubble - paper money is the bubble (currently going pop). How many of your friends / colleagues / family own PHYSICAL gold?
By:
crediter
When: 07 Nov 09 22:32
envolope in letterbox.....we pay £61 per krugerand....lol.
By:
Leven
When: 08 Nov 09 09:47
yep people are selling their gold for paper LOL!!
By:
positively4thsteet
When: 08 Nov 09 10:10
what if someone clever scientist geezer works out how to make gold.

would be funny as fek imo.
By:
Murgutpura
When: 08 Nov 09 11:01
clever politicians are currently doing the same job
its called paper money
soon it will be cheaper to wipe your a r s e with it
now that will be funny.
By:
pipedreamer
When: 08 Nov 09 17:37
Yes of course.BUT NOT YET!!!.
By:
crediter
When: 08 Nov 09 22:23
i beleive a new metal rivalling gold has been discovered......called Green........
By:
mr milk
When: 08 Nov 09 23:45
that's a plant isn't it?
By:
crediter
When: 09 Nov 09 00:46
by a company called adder or something.....
By:
Rugbyleaguer
When: 09 Nov 09 09:33
UP, up and away hitting 1110 :)
By:
HarryCrumb
When: 09 Nov 09 10:11
Pure green is much sought after.
By:
Rugbyleaguer
When: 10 Nov 09 14:45
A trinket of the finest green is of course worth more than gold my lord.
By:
crediter
When: 10 Nov 09 18:51
hehe
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