Tradefair & Financials
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Today the US Dollar Index is printing 82ish
It first printed 82ish in 1990. Gold traded around $380/oz
then again in 1992, gold was $345
1995, gold $385
2004, gold $410
2007, gold $700
2009, gold $1,000
2011, gold $1,400
TODAY, gold $1,630
If you can do simple arithmetic, you understand what's going on with gold. If you are a clown who's certifiably brain dead, you hyperventilate every day on here about 0.01pc movements........and claim you profited from it.
It first printed 82ish in 1990. Gold traded around $380/oz
then again in 1992, gold was $345
1995, gold $385
2004, gold $410
2007, gold $700
2009, gold $1,000
2011, gold $1,400
TODAY, gold $1,630
If you can do simple arithmetic, you understand what's going on with gold. If you are a clown who's certifiably brain dead, you hyperventilate every day on here about 0.01pc movements........and claim you profited from it.
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I think the current calculations are that gold would currently have to go to circa $2300 to match its 1980 value, after adjusting for inflation.
And in that 30 years or so, a long term holder would have earned zero interest. How's that for a store of wealth ?. The bottom line is that gold likes bad news and periodically it will have run ups. If you are prescient (like Menelaus apparently is) you can make some occasional good hit and run profits. Best of luck o all you " normal" investors out there. |
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gold 1598 and falling- another bad call by you meely- standard fare for you
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interesting calculation there frogy- proving gold is the greatest financial waste of time ever invented.
no reply from forum ignoramus melly when faced with FACTS  STANDBY for his next regurgitation  |
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Why don't you always end your posts with:
FOR ENTERTAINMENT PURPOSES ONLY Some innocent forumite new to this forum may mistake your daily turd droppings for……….opinion. If anyone can repost 'BOTTY's post I'd be more than happy to reply to whatever nonsense (safe assumption on my part) he is asking. And finally, so we can make sure you understand were we've been before we decide where we're going next, can someone post an answer to the following……not you benny the clown, I meant someone with a functioning brain: If gold typically moves inverse to the US$, and the US Dollar index is a measure of the relative strength of the UD$ against a basket of other currencies (EUR, JPY, GBP, CAD, CHF and SEK), then why has gold gone from $380 in 1990 to $1600+ today when the US Dollar had the same relative strength in 1990 as it does today? Take your time. |
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and SPLAT!!!!!!!
there it is  |
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newsflash melly- this is'nt 1990 , its 2012- try to keep up.
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I'd be willing to wager a handsome sum of money that a fire hydrant has a better chance of eventually understanding this stuff than you.....and I'd win.
Want proof? Here it is.. Mrben 11 Jun 12 05:56 newsflash melly- this is'nt 1990 , its 2012- try to keep up. |
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If you can do simple arithmetic, you understand what's going on with gold
So because gold has gone up it will continue to do so forever? Ok then... Just as well you weren't around during tulip mania or you would have been one of those mugs who traded their house in amsterdam and herd of goats for 1 tulip bulb.  |
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Come on, take a stab at this bright eyes......and you won't even have to get up from your knees.
The answer is quite simple but unfortunately one that seems to elude lemmings like you......and those who own you. If gold typically moves inverse to the US$, and the US Dollar index is a measure of the relative strength of the UD$ against a basket of other currencies (EUR, JPY, GBP, CAD, CHF and SEK), then why has gold gone from $380 in 1990 to $1600+ today when the US Dollar had the same relative strength in 1990 as it does today? Take your time. |
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melly- take your time- explain why gold is some 800$ BELOW its inflation adjusted value as stated by froggy.
take your time.  |
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Because of US Govt debt levels according to Menelaus.
But it's not the only driver and, as such, in time could equally be overtaken by other factors to push the price back down. But I agree with Menelaus in the short term at least on gold. It is fear driven and we sure have plenty of fear about. But it's never a store of wealth long term, just always a short term refuge in bad times. |
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Our posts crossed.
I was answering Menelaus' latest post. |
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gold is not a "store of wealth" nor is it a "refuge " in bad times. These are urban myths created in a differnt time.
These days gold is just another commodity, a pretty one, but no more special than any other. The perfect storm for gold has come and gone ,come and gone again.Its still 1600$. How anyone can believe in the "gold story" is beyond me- and then we have melly.  |
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" Urban myths created in a different time ".
Now there's a dangerous phrase. Almost like saying " This time it's different " . A big, big mistake often made by investors. |
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Mrben 11 Jun 12 23:22
melly- take your time- explain why gold is some 800$ BELOW its inflation adjusted value as stated by froggy. If it's true that 'botty stated that, then I'll add him to my list of those lemmings who can't do basic arithmetic......oh wait, he's already on there Not surprised though that a clueless mug like you takes such nonsense and runs with it. |
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Nah I think I'll stick with the statement.
It's well documented out there. Also please note that Menelaus is de-constructing a statement referring to the gold price 30 years ago, which statement he can't even read on here ( because of his blocking of me ). As I have said before, he's a very clever boy. |
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again melly you fail to address the central issue, burying it in a diatribe of drivel.
why is gold so low? take your time |
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It's your I.Q. that low, not gold.
In between your lunatic rants and 'BOTTY's white space I still haven't the faintest idea what the "central issue" you are referring to is. I've already answered what I could see, if he said that, his numbers are wrong. If you think I'm not right, put the numbers up and prove me wrong. |
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no one can prove you wrong melly.
You have everything wrong since you joined this forum. no proff required.Just read a few of your posts |
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FINE AS FROG HAIR
11 Jun 12 23:41 Joined: 12 Mar 07 | Topic/replies: 4,993 | Blogger: FINE AS FROG HAIR's blog " Urban myths created in a different time ". Now there's a dangerous phrase. Almost like saying " This time it's different " . A big, big mistake often made by investors. Precisely. Like I said, look at gold's chart and it looks like every classic speculative bubble out there. But the guys who are hoarding tampons, liquor chocolates and gold sovereigns under their bed keep screaming "buy buy buy". Why is it going to be any different this time? Like I said, it is just as well melly wasn't around during tulip mania because he would have been exactly the sort of person who bought 1 tulip bulb at the peak of the market, just like he has been the sort of person who has taken the opposite side of the trade at precisely the wrong moment, whether it be AAPL, QQQQ or even gold itself. I must admit though that melly's aftertiming is almost exquisite on this. Apparently he has been buying gold since the brown bottom but only thought to mention it recently. Remarkable! |
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The only bubble you are qualified to comment on is the one's that you blow out of your mouth. Beyond that, you best stay on your knees.
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