Compounded

Fundamentals will out Fundamentals will out Fundamentals will out. I am guessing gold is a bit odd, very very volatile, but christ look at a chart of the 70's gold price. FFS you lot gold has 25% corrections in bull markets regularly, all you have to do is be sure you understand the fundamentals. Forget gold, to decide the fundamental of gold all you need to know - is the dollar crap? Had a few beers so will post anyway.

Possible, though this is more extreme than the 70's don't you think? Supression though covert is continuing into to upswing. I suspect the cartel have got pretty competent men doing the supression. They know about charts and all that stuff better than most of us. JS and cgnao both say gold on margin is madness, you are up against experts who will empty your wallet; physical and wait is my strategy.

I am surprised you are worried, Krassimir in one of his talks said 25% corrections are common in a gold bull market "everyone gets a heart attack but dont worry it's normal for gold", I looked at the graphs and its very easy to see the crashes in the 70's and recently (perhaps the volitility is a confirmation of the bull - as it certainly was volatile in the 70's) There was a 50% correction in the 70's bull IIRC - think of that £450 kruger being devalued to £225 Welcome, I like it here too. I cannot often follow the convoluted arguements on currency - but believe a financial crisis of mega proportions is possible. Still bloody glad i have been frugal and have no debt - I am 49 so mortgage free is no big acheivement I have just done my books - costs well up - guess I will have to increase prices. FP quite pro gold IIRC, though never flaunted it on the gold thread. Exactly - WTF else do you use as a savings vehicle now? Nice graph. If you could convince me it was the end of it, it would follow that our economy is sound - I think I would like that especially as I have children.

I have read the French are in it too - very significant IMO.

It's a mind game, all of it. If you think financial strive is ahead buy PM and hold. 25% corrections are normal. 50% crashes happen. Few make money with PM's, they are not an investment. They are a preserver of wealth when the financial world goes wrong. We have the biggest, the first ever global credit bubble bursting, now.

I was not into gold then, so it passed me by. I do wonder how much is due to cartel suppression and how much due to other factors. I have physical mostly in a pension, I am surprised myself how unworried I am. If it's supression - they are worried which means things are bad which means gold is the thing to have. If it's not suppression. Oil - it's peaking soon prices will rise higher than ever in the next few years - I am certain of that. War in the middle east - hmm.

The Pound is now below $1.90, so the gold drop is not so bad in for sterling holders like myself. I thought 25% corrections in the gold price are normal and nothing to worry about at all.

You are big, calling the oil price decline really impressed me too. Thanks again for this wonderful site Everyting the government does is a boondoggle (american term I believe) All government solutions to problems seem to cause more new problems and make the overall situation worse. Issac Newton also said someting like, "I can calculate the motions of the planets but the folly of men is a mystery to me" Newton liked gold he had an obsession with it and spent most of his life's creative energy on alchemy, as master of the mint in 1717 he was responcible for sterling moving to a gold standard (from a silver standard hence "sterling silver"), and created a currency that begat the UK as the centre of a great trading empire. WW1 ended it and that was the start for this unfolding catastrophy.

Volatility in everything including the gold price should increase as high finance becomes more overstreched and unstable. Also like the Ottoman Empire the untenable can exist for much longer than you expect just through sheer inertia, though surely it cannot last that long!!!

Welcome, Dr bubb used to welcome everyone personally but I think such a large number of posters from HPC are arriving here now he does not always manage it. As for PM's a year or so ago i felt they might make me lots of money, now i think that is still possible but it's more likely they will preserve some wealth when all about are losing most if not all theirs.

I have ordered some silver philharmonicas from coininvestdirect. The price is sooo good even though I cannot avoid UK Vat. They are now selling polythene tubes for 20 which is good although you have to order and pay for the tubes separately. The Philharmonica packaging was absolutely terrible the last time I received some - some had even come out of the packets in transit. I agree they really are beautiful and so incredibly reflective of light they are dazzling, however, they quite rapidly tarnish if exposed to air so decent packaging is essential IMO.

Still £450, this is partly a dollar dead cat bounce.

BUMP This is an important thread, the coming demographic crisis has to be material to all investment my thoughts are; The boomer generation exists in most western countries including the US and UK it includes those born in the period 1946-1964; these people represent a huge demographic bulge, which has to some extent dominated society e.g. youth culture was important in the 1960’s. They are now saving for retirement and are buying assets, which they intend to sell during or at retirement. The result is high demand now and low demand in later years for those assets favoured by these people to save for retirement (equities, bonds and property). The result will be high prices now and lower prices later when demand drops – conclusion; if you are a baby boomer these assets are not a good way to save for retirement. Gold makes sense as an investment because among other reasons it is not a favoured by western boomers, can anyone think of anything else?

Buy as much gold as she can secretly is what I think she is doing. This will continue as an announcement of intention to accumulate gold will send the price higher. It's normal for a creditor nation to accumulate gold, Japan has USA dollars - I bet they wish now they had got more gold.

Fundamentals will out in the end. The USA is bankrupt The USA is bankrupt The USA is bankrupt

I noticed that personally I think it cgnao, all a doomlover wants with entertainment too. Please do not change your site too much- it's good.

I have moved the pension to Goldmoney, it took weeks to do, I initially applied 2 weeks before Bear Stearns weekend, the delays turned out to be fortunate as I eventually transferred near the May 08 bottom. It does not offer silver which is a shame. http://www.goldmoney.com/en/gold-sipp.html

http://www.goldensextant.com/LandisAMA.html Has some interesting comments about how the purchasing power of gold has changed in periods of inflation and periods of deflation and some figures in the appendix.

Gold is good in bad times -- period. (forget inflation/deflation) IMO bad times are coming. It's easier to forsee bad times ahead now than in 1929 or 1968.

"Failing that we could go back and retest 850-60." Nice for a steady accumulator like myself though.

Definately true in my case. I also found that learning about the nature of fiat currency is not intuitive but takes time energy and effort. I suspect few will learn in time.

This gold suppression business is not a game it's deadly serious. They must make the average man believe gold is a speculative volatile commodity. If they fail gold will be money and their paper will return to its real value zero.

Same here, my attitude has changed too. It's more about preserving wealth when all about are losing it, than making easy money.

What the similarity between Margaret Thatcher and a pound coin. It's hard, brassy and thinks it's a sovereign.

I suppose if they trying to scare the average man away from gold, a volatile price would definately help.