The chart below shows something, that can not be pushed down. It comes back and back, and goes higher and higher. You can push it back temporarily, but it will go up and be back again, no question!
http://gold.approximity.com/gold-silver_watch.html
Here is the price chart of something that I am interested in (normal and log-chart).
Can the technical gurus please tell me, what the price will do in the short-term and the long-term? Cheers.
Thanks for this post. I guess the melting etc. was not too expensive. That's a great advantage of Indian gold jewellery. It's a pity that all this would be so much more expensive over here (I mean the jewellery in comparison to spot prices etc.).
The gold:silver ratio was below 35:1 for approx. the duration of 1.5 years during 1979/80, and it was below 20:1 for probably 3 months. Enough time to trade out.
http://gold.approximity.com/1979-1980/Gold-Silver-Ratio.html
The difference is between delivery to the UK and delivery to somewhere in the Eurozone. In the Eurozone the coins seem to be cheaper, that's why I bought them there (and got them delivered there).