aardvark Posted March 24, 2009 Report Share Posted March 24, 2009 No, they can't. I agree, buy gold. But consider you are not buying it as an inflation hedge, but as a currency to preserve your capital. absolutely, i agree with that. Link to comment Share on other sites More sharing options...
FishingwithJesse Posted March 24, 2009 Report Share Posted March 24, 2009 absolutely, i agree with that. I had bought the bulk of my Gold coins. ..... 7years ago at $310 x 370 (Eagle , Maple) never traded ! One of the best investment so far! ... I don't even look at it ... Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 24, 2009 Author Report Share Posted March 24, 2009 ... I don't even look at it ... You should pet them every now and then. My cat likes to play fetch with Sovereigns. Link to comment Share on other sites More sharing options...
FishingwithJesse Posted March 24, 2009 Report Share Posted March 24, 2009 You should pet them every now and then. My cat likes to play fetch with Sovereigns. Link to comment Share on other sites More sharing options...
FishingwithJesse Posted March 24, 2009 Report Share Posted March 24, 2009 As long as a stock, Gold , commodites .. is acting right , and the maket is right do not be in a hury to take a profit. You know you are right, because if you were not, you wuld have NO PROFIT at all. Let it ride and ride along with it. It may grow into a very large profit, and as long as the action of the market does not give you any cause to worry, have the courage of your conviction and stay with it. ~Jesse Livermore UP on heavy volumes / Down on light volumes Link to comment Share on other sites More sharing options...
cgnao Posted March 24, 2009 Report Share Posted March 24, 2009 This is Houston. All systems are GO for ignition. Link to comment Share on other sites More sharing options...
warpig Posted March 24, 2009 Report Share Posted March 24, 2009 I hope you know something I don't. This is Houston. All systems are GO for ignition. Link to comment Share on other sites More sharing options...
gwizzie Posted March 24, 2009 Report Share Posted March 24, 2009 Houston, this is Major Tom, i see you have decided to humiliate yourself in public again.... Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 24, 2009 Report Share Posted March 24, 2009 I'm amazed at some of the posts on this thread. Good lord, anyone would think this was a normal trading year. Anyway...... I've been wrong before, but this is my view: IMO that could well have been the NZ$/GBP/US$/EUR -> Gold buying opportunity, and therefore by implication also for silver. Link to comment Share on other sites More sharing options...
signofthetimes Posted March 24, 2009 Report Share Posted March 24, 2009 looks like dawn in that picture..., let's hope its not a false one.... This is Houston. All systems are GO for ignition. Link to comment Share on other sites More sharing options...
alexreeve Posted March 24, 2009 Report Share Posted March 24, 2009 That is kind of my point....that it is early days. But because of this timing is important. Most here are agreed on the fundamentals for gold so it goes without saying that gold will perform. Of more importance is the question of when it will perform. If it fails to perform in these early days all the better for us as we accumulate it. Most agree on this also. Where people do not agree is on the imminent hyperinflationary destruction story.... which I would add panics people into buying as much as they can now, leaving no powder for later. Perhaps the UK based people have more reason to fear an imminent currency collapse. Even the Governer of the bank of England is now fruitlessly calling on the gov to exercise restraint. "I think the fiscal position in the UK is not one where we could say, 'well, why don't we just engage in another significant round of fiscal expansion'." http://news.bbc.co.uk/1/hi/business/7961900.stm Link to comment Share on other sites More sharing options...
Pixel8r Posted March 24, 2009 Report Share Posted March 24, 2009 I'm amazed at some of the posts on this thread. Good lord, anyone would think this was a normal trading year. IMO that could well have been the NZ$/GBP/US$/EUR -> Gold buying opportunity, and therefore by implication also for silver. Glad to see I'm not on my own Link to comment Share on other sites More sharing options...
Steve Netwriter Posted March 25, 2009 Report Share Posted March 25, 2009 Glad to see I'm not on my own We are not alone From: http://www.youtube.com/watch?v=XJQ1DY9Pdlg Preparing Americans for Economic Collapse & HyperinflationSign Up for my newsletter at my NEW WEBSITE! 1.Reduce Expenditures Dramatically Housing costs tent shed city shared accomodations communes Food eating out food stamps wic soup kitchens Transportation cars SUV used 1 motorcycle gas prices Debt refinance lower payments Buy 2nd Hand - Deep Discounts 80% 90% craigslist yard sales gold/silver nickles boxes 2. Increase Income Opportunities Seek income from new sources - business - make $$$ Don't spend it (create income tied to inflation) small business online business recycle swap meet 3. Transfer $$$ into Hard Assets Gold Silver Highly trad-able necessities More liquidity = higher multiple value (super large inventories) coin shops cigarettes vodka canned food meats luxury items makeup perfume ammo garage inventory walmart grocery store full baskets 4. Sustainable living Food - Garden classes Water filters streams purification Air map of nature access fish hunt 5. Mental Preparation Positivity Resiliency Practice now before you have to Budget for "good times" and morale boosting activities eating out picnics - road trips - Disneyland makeup and underwear road trips - visits 6. Increase Security Move - rural Guns 7. Backdoor Escape Plans on foot? where? by car? where? by airplane? Philippines passports??? More Options = More Peace of Mind 8.Don't loan anyone money - Borrow as much as possible at fixed rate use leverage in reverse use fixed % loans to buy assets - real estate use appreciation to pay off loans 9.Access to foreigners with hard currency - china Asia 10. Buy gold silver etfs gold silver mining companies Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 25, 2009 Author Report Share Posted March 25, 2009 8.Don't loan anyone money - Borrow as much as possible at fixed rate use leverage in reverse use fixed % loans to buy assets - real estate use appreciation to pay off loans Some time ago I could have sold some gold and silver to pay my wife's student loan. Instead I said "screw the Chinese" and fixed a low rate for 15 years. Thanks Mr. Wen! Link to comment Share on other sites More sharing options...
Undertaker Posted March 25, 2009 Report Share Posted March 25, 2009 Some time ago I could have sold some gold and silver to pay my wife's student loan. Instead I said "screw the Chinese" and fixed a low rate for 15 years. Thanks Mr. Wen! Are you purely in physical goldfinger? Do you have any in goldmoney? Link to comment Share on other sites More sharing options...
Bosworth Posted March 25, 2009 Report Share Posted March 25, 2009 Been sitting on the edges waiting for sterling to rise or the POG to fall. Finally bottled it and topped up my physical. Too much exciting stuff starting to be whispered about to be able to react quickly enough when it all starts. Which feels like soon. I'd rather lose 20% of my insurance than 100% of my fiat. Anyone else getting twitchy? Link to comment Share on other sites More sharing options...
Pixel8r Posted March 25, 2009 Report Share Posted March 25, 2009 Are you purely in physical goldfinger? Do you have any in goldmoney? Goldmoney is allocated physical! When people talk about paper gold they mean ETFs & futures. Link to comment Share on other sites More sharing options...
Pixel8r Posted March 25, 2009 Report Share Posted March 25, 2009 Been sitting on the edges waiting for sterling to rise or the POG to fall. Finally bottled it and topped up my physical. Too much exciting stuff starting to be whispered about to be able to react quickly enough when it all starts. Which feels like soon. I'd rather lose 20% of my insurance than 100% of my fiat. Anyone else getting twitchy? That is exactly how the PPT & Goldman Sacs want you to feel. I have never felt better about my holdings in gold & silver, look at the reasons (QE) to reassure self. Link to comment Share on other sites More sharing options...
ologhai Posted March 25, 2009 Report Share Posted March 25, 2009 I just bought a little gold (about half an hour ago), but not as much as I sold on the 20th of Feb (*fans flames*)! Link to comment Share on other sites More sharing options...
Pixel8r Posted March 25, 2009 Report Share Posted March 25, 2009 Gold Bulls Should Stay Away from Gold Stocks Gold stock leverage to bullion is falling The trouble is, gold stocks aren’t just a simple leveraged play on the gold price. As I pointed out before, a gold company could be simplistically thought of as a call option on the price of gold, with the strike price being the cost of production. My analysis also showed that most senior gold producers were raising production costs by mining lower grades of ore. Gold mining shares consequently did not perform as expected because of earnings disappointment. Moreover, as the gold price has risen from about $260/oz. in 2000 to over $1,000/oz. seen this year, the leverage of gold stocks to gold has diminished as a result of the rise. The scatterplot below (click to enlarge), which charts the monthly change in the Gold Bugs Index (HUI) against the monthly change in gold, illustrates my point. I split the sample in two: when gold was below $500 and when it was above $500. As you can see, the degree of leverage shown by the period when gold was above $500 is lower than the period when gold was below $500. Link to comment Share on other sites More sharing options...
alexreeve Posted March 25, 2009 Report Share Posted March 25, 2009 http://news.goldseek.com/GoldSeek/1238002413.php Arguments of grand conspiracies aside, a discussion best left for another day when there are so many other more substantive ways to better understand what is happening, how does one explain why the gold price is not much, much higher today? Link to comment Share on other sites More sharing options...
G0ldfinger Posted March 25, 2009 Author Report Share Posted March 25, 2009 Are you purely in physical goldfinger? Do you have any in goldmoney? I only hold physical, to which I count my GoldMoney and BullionVault accounts. Link to comment Share on other sites More sharing options...
huntergatherer Posted March 25, 2009 Report Share Posted March 25, 2009 Au now below $920 hit $917. Link to comment Share on other sites More sharing options...
littledavesab Posted March 25, 2009 Report Share Posted March 25, 2009 The trouble is, gold stocks aren't just a simple leveraged play on the gold price. I didnt think a lot of that article, sorry! Rather obviously when considering the market value of shares, its forward looking, a judgement on earnings for the next 12 months plus. Therefore besides the mining operation itself/project risk, company debt/finances, management etc etc there is also the future cost of gold to consider. Where as the current price of gold is the current price. It would be silly to even expect gold stocks to track the current gold price - thats what the ETF (or Goldmoney etc) is for Its not that I disagree. Its just that these points are rather basic and he left off those rather important points! Link to comment Share on other sites More sharing options...
huntergatherer Posted March 25, 2009 Report Share Posted March 25, 2009 Au now below $920 hit $917. Au now up to $939. Link to comment Share on other sites More sharing options...
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