d2thdr

Dr Bubb, Are you currently bullish on Gold or bearish?

In the big scheme, there is no question that gold is the only place where the risk is minimal. The gold however is not paper gold. It has to be only physical.We have had this argument on this forum for a long long time and frankly its getting tedious. The thing is those who have still not awaken from the stupor and are still believing the MSM need to be skinned and should suffer the losses they encounter. Personal responsibility and all that. Tell us Bubb, have you finally bought any more taels?

What has happened to once a fantastic and wonderful forum? Bubb as much as some people riled you, you too did not hold your grudges back. I request you to please reinstate the forum as it was along with the mods, perhaps it will get back to what it was once. I will live in hope.

What a fantastic retort.

Just for a minute think what if the price of 1 oz of gold in US dollar terms is 55000....there would be many people willing to mine the local gold. You wont need big companies. Also at that price mining equipment will be paid off by 20 or 30 oz.

Well said. Control Freak is a bit harsh.

As FOA once said all mines will be nationalised. Its inevitable.

Please clarify your mode of holding gold. Physical, ETF, Options, warrants, shares, exploration shares, mining shares, etc etc.

You have been a great trader. Perhaps you could be the best. But extrapolating your insight into reading the financial futures before many people are interested, clearly means the BIG KAHUNA EVENT is very very close.

HI BUBB, Gold is going to fall back to 200$/oz but then there will be no physical on sale. You will have GLD willing to sell you some shares, some gold backed fund willing to invest your money for returns etc. but you shall never see physical gold sold for 200$/oz though the paper price may fall to that price. Physical gold is too valuable to have 200$/oz price tag. Fortunately the super rich and the third world nobodies know this. The rest of us are in the middle of the spectrum. Some of us want to trade and invest our way into brighter future, most want to stick to their day jobs and make the excess savings in gold. Why are you so obsessed with conspiracy theories?

Why not? A couple of months back when you started posting, you came across as someone who does not know anything. I took almost 2 years to formulate opinions about most financial gurus and now I know whom to listen and whom to avoid. I wonder what was it about Sinclair which turned you off? You can choose to not answer, but I would like to hear your opinions as there may be an angle I have not explored. Thanks in advance.

Does the Farm need to be purchased NOW? I hope I am not faced with such a question and the decision that needs to be made now about selling gold.

Hah hah. Good one.

If you do not take Bubbs thesis on gold seriously and read his stories for fun, it is a tortous way to spend time.

Gold has had a 12 year bull market. Gold has outperformed every asset class. So I do not get your 'excuse' for gold's poor performance. I generate cash by making dentures, doing root fillings, placing implants, fabricating veneers etc etc. I do not need to trade, and neither do 95% of homo sapiens. My dry powder is spent on eating out, purchasing music, travelling when ever the tiny one allows us etc. etc. and whatever is left goes into physical gold. I tell you its a winning strategy without any stress associated with trading.

Everything that needs to be said about gold has been said. Everything that needs to be written has already been written. Sometimes the best you can do is just wait. A farmer tills his land, sows his seeds, irrigates the land and then he waits. Thats where we are today. Why discuss the physical gold market ad nauseum and explain the same things. Its getting boring and tiresome to explain to bUBB this.

How about Science? My link

My link

I wish I could write as well as FOFOA which is an acronym for Friend of Friend of Another. Another was an anonymous poster who wrote here. Check it out. FOFOA has just continued the gold trail taking us where not many currently alive western men have gone before. Here is his latest FOFOA The trail is long and winding but when you reach the summit the view is amazing and very clear. Everyone knows where we have been, lets see where we are going.

Good points. You have given your reasons. Let me tell you what I think. Irrespective of whatever happens, the gold you buy will play some role in your life. So any gold you buy (ideally in personal possession) you will be better off than the sheeple who do not. Gold standard will never materialise, but your gold will find buyers irrespective.

Congratulations.

That would be great. Need to sell a lot of silver. 70$/oz will be a good enough profit. from 20$/oz purchase to 70 is quite good. I shall however plough profit back into gold.

Hi Jake, IMHO, I doubt we will even see 5000$/oz. The game is likely to be up before gold gets there. We are more likely to see Prechter on TV and his 200$/oz gold. But at that 200$/oz price try taking delivery. There will be GLD readily willing to sell their fractionally reserved paper or if you kick up a fuss they will settle you in cash if you are redeeming your paper and they will direct you to the closest physical market - Of this statement I am 100% certain. We shall see and time will tell. I make this statement after reasonable study of A/FOA archives. This is a email I received from FOFOA.

You are very correct. What is your target for oz? Mine is 1 oz or less for a average British House.