Tradefair & Financials
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Why don't we consolidate all the wailing from anti-gold people into one easy to manage thread? Let's try not to say things like "you can't eat gold", "you can't carry it around with you", and instead have a sensible conversation about 1. why the price is going up, and 2. what is likely to stop it going up and 3. when this is likely to occur.
I'll start:
1. Gold is going up in my opinion because of the inflationary actions of the central banks.
2. The rise of gold will halt when the central banks, specifically the Fed, cease deliberately causing inflation
3. Not for at least 2 years as far as I can see, and when tightening comes it will be forced upon the policy makers, it will not be at their discretion (most likely due to a currency collapse, which of course, would be bullish for gold)
I'll start:
1. Gold is going up in my opinion because of the inflationary actions of the central banks.
2. The rise of gold will halt when the central banks, specifically the Fed, cease deliberately causing inflation
3. Not for at least 2 years as far as I can see, and when tightening comes it will be forced upon the policy makers, it will not be at their discretion (most likely due to a currency collapse, which of course, would be bullish for gold)
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I agree gold is headed up up up.I am going to take some of my aussie $$ profits and plough it into gold.In fact I'll but one contract now.
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1143
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agree ..
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how much is gold up in euro terms this year, or in aud or in zar whatecer you choose. and how much is up compared to other assets/metals/commodities?
gold is up in usd terms as it s become the inverse of the usd index basically. plus or minus 10%. |
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Jonnie,
Doesn't that apply to anything priced in dollars? |