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so you must be short then?
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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....
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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? |
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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. |
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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! |
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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.
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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. |
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what % of public own gold compared to shares/property etc. probably v low atm
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(except jewellery of course!)
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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......
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your never skint if your got a bit of gold
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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. |
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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. |
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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 |
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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... |
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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 .....
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Is there a massive difference? That is what I would like to know...
you are kiddin, right? |
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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 |
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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.
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^^^^ Gold is a currency ^^^^
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....and the only one that can't be printed
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When the IMF sells 200 tons to the Indians - thats the top of the market.
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dollar to rebound by 10% Gold to correct then, but long term Gold goin up
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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?
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envolope in letterbox.....we pay £61 per krugerand....lol.
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yep people are selling their gold for paper LOL!!
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what if someone clever scientist geezer works out how to make gold.
would be funny as fek imo. |
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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. |
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Yes of course.BUT NOT YET!!!.
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i beleive a new metal rivalling gold has been discovered......called Green........
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that's a plant isn't it?
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by a company called adder or something.....
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UP, up and away hitting 1110 :)
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Pure green is much sought after.
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A trinket of the finest green is of course worth more than gold my lord.
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hehe
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