romans holiday

Looks to me like the pattern following the spike in June 2006 is repeating. After the spike the price was very volatile for half a year. The price then stabilized and steadily moved up to the previous spike price for the next half of the year before taking of again for the spike we had this year in March. Just my hunch. I am no chartist.

Hope it stays down, can't buy another decent stash until August.

Wow! what happened to G? $20 just like that. Seems the only certainty is volatlity these days. And of course to the moon at some later date More weather delays.

Thanks GF for that link. Was a good read with some interesting strategies on how to value gold in the long run. Yet I wonder if further practical considerations need to be considered within the larger theory. What I mean here is that say hypothetically oil "blew off" in a couple of months time and a lot of money went to gold and say gold went to $2000 or $3000, would you sell a percentage of your gold at that time? And if so what kind of percentage? I am not so much thinking here of playing the market, that is, selling the bullhorn and buying the fishing line [which by the way I am sure will work for many in the interim] but exiting the market altogether when the bull is in its last stages. After all, all good things must come to an end. I guess I am thinking here of reverse dollar cost averaging. As a safe way to get into the early stages of a bull market is to dollar cost average - buy in at regular intervals, the dips etc- so also, the safe way to exit a bull market is to sell at regular intervals at certain spikes. Tactics, besides a long term strategy, are also important. Just a few thoughts, God I am glad I am not in financials.

Just read a great article linking oil, banks and inflation. It referred specifically to the situation in Mexico. http://financialsense.com/editorials/salin.../2008/0620.html

DOW broken below 12,000. Pundits are looking nervous.

Markets seem to be both clueless and jittery. Most probably related to eachother.

Totally agree with you. Every opportunity I get to buy a coin or bar, I will be buying faster than I can check the price of it. Am not sure how much longer this cat will be able to stay in the game, hoping it just goes sideways for the summer.... year.

What happened to the 100oz house? But fair enough, would not want to part with all of my metal for a house. Was impressed with Peter Schiff's standard; DOW/Gold 1:1.

Yep... it is starting. As inflation psychology increasingly weighs on the minds of savers/ investors they will turn to the monetary metals. It is like a see saw. Now people have confidence in paper money, so they are all on the paper side. As they lose this confidence they will go to the metals side. It will take a while for enough people to move to see an effect, but at a critical moment it will swing very quickly. The scene is set for gold to take off. All that is required is for inflation psychology to play itself out.

Yep, not doubting the efficacy of gold. I am starting to think that the hyper-inflationary scenario might actually play itself out. If that does happen, thinking in dollar terms is irrelevant. Also, I imagine that money [gold or commodities] will become very scarce. Anyone with access to money could be very well of. Forget about that dirty paper stuff.

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Sounds good now, but not impressed. What would $5000 actually be worth in few years time? Perhaps a $1000 in present terms? If inflation psychology takes hold, money will become less valued as gold becomes more valued. If we adjust for inflation, the $5000 figure in a few years time should be... say.... $20,000? Now maybe that sounds good. It is hard for us to kick the habit of thinking in present dollar terms. Any thoughts?

China raising gasoline and diesel prices?

ditto But I aint sellin nothin cos cash is looking too fishy these days.

Looks like oil has gone up with it.... or gold has followed oil. Just imagine where gold goes if oil takes off.

Gold through 900. Reckon it will not go far and back to 890. Hope so anyway, cos want to buy more.

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I am thinking the wildcard of globalization is going to play a central role in how this inflationary period pans out. I fear that rather than seeing the bogeyman of a real wage/price spiral this time round, we may only see nominal wage rises with real price increases and a real decline in the standard of living. Imported inflation.

Yep, A broke banker looking for cash.

Peter Schiff, who is into Perth Mint, addressed this issue a few weeks back. You can check his weekly radio podcasts here. http://www.europac.net/radioshow.asp

Loaded and locked.

My thinking is just sidewise, albeit volatile, for the summer, if not year. Anyway, I am hoping as want to buy more during that period I do not think the dollar will give up without a fight.

Oil taking off. Threatening the all time high. Up four bucks! Euro up to 1.55ish!.... Reversing all those whoopee dollar gains this week.

Ha Ha... thats cool.. the more the merrier..... Thanks for the information. Even though I want physical maybe it is unpractical for silver, and something like Goldmoney would be best. Not so for Gold itself, have to have my precious with me at all times. I am really looking forward to buying some coins. In Korea, I have only been able to buy bullion bars.