hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 in may 1972 (pog 52$) consolidated gold field wrote in there yearly report that there is the possibilty that pog can go to 60$and if C banks hold on neutral and there would be average inflation of 4% THEN the pog could reach 85$ by(bye)(buy)in 1980 ----------well they got that wrong !!---i dont know where the price for paper gonna end but if you listen to JIM ROGERS he talking 50k all i know is that its dirt cheap STILL Link to comment Share on other sites More sharing options...
romans holiday Posted June 20, 2008 Report Share Posted June 20, 2008 Yes: an average UK home for around 80oz gold. 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. Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 20, 2008 Author Report Share Posted June 20, 2008 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. 100oz was in the US in 1980. UK was 82oz, or so. Double-whammy: Sterling down AND houses down. No problem. EDIT: Here is more on the topic: http://goldismoney.info/forums/showthread.php?t=195370 Link to comment Share on other sites More sharing options...
romans holiday Posted June 20, 2008 Report Share Posted June 20, 2008 in may 1972 (pog 52$) consolidated gold field wrote in there yearly report that there is the possibilty that pog can go to 60$and if C banks hold on neutral and there would be average inflation of 4% THEN the pog could reach 85$ by(bye)(buy)in 1980 ----------well they got that wrong !!---i dont know where the price for paper gonna end but if you listen to JIM ROGERS he talking 50k all i know is that its dirt cheap STILL 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. Link to comment Share on other sites More sharing options...
wheelybin Posted June 20, 2008 Report Share Posted June 20, 2008 Investment Funds seen moving from oil to gold. Coming just as the price of oil fell sharply, the word here in London has it that several large investment funds – keen to maintain an inflation hedge but concerned by political and regulatory meddling in the energy markets – are switching out of traded commodities and moving into gold. ... "There's [still] a lot of worry about inflation," as Mario Innecco, a broker in Gold futures at MF Global in London to Bloomberg today. So with politicians and media accusing commodity traders of "hoarding" necessities, the switch into non-essential hard assets – such as Gold Bullion – becomes ever-more attractive. ... "The Gold Market has to be prepared for a reaction to a possible puncturing of the oil price bubble," writes Lawrence Williams for MineWeb. Ajay Kedia, head of Kedia Commodities in Mumbai agrees, telling Myiris.com today that demand for gold "as a hedge against inflation" may be affected by a drop in the price of oil. http://goldnews.bullionvault.com/node/2473 Gold goes up as oil goes down? Link to comment Share on other sites More sharing options...
hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 100oz was in the US in 1980. UK was 82oz, or so. Double-whammy: Sterling down AND houses down. No problem. this could get even cheaper the picture on the wall hasnt turned up yet there is something out there we havnt seen yet and most will be chucked off this bull run get silver for daliy life ---20-1 cos the baker will heat his oven with your paper--- can go in this remodelling of our banking system 1oz gold 3 to 5 of silver time will tell Link to comment Share on other sites More sharing options...
hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 this could get even cheaper the picture on the wall hasnt turned up yet there is something out there we havnt seen yet and most will be chucked off this bull run get silver for daliy life ---20-1 cos the baker will heat his oven with your paper--- can go in this remodelling of our banking system 1oz gold 3 to 5 of silver time will tell by the way 24 oz gold germany 1923 not a house but a bloody hole block!!!!!!!!!!!!!!!!!!!!!!!!!!! Link to comment Share on other sites More sharing options...
kernull Posted June 20, 2008 Report Share Posted June 20, 2008 sold everything when I saw this crude sell off of 6 bucks on one tick, something weird is happening. Link to comment Share on other sites More sharing options...
hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 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. Link to comment Share on other sites More sharing options...
hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 sold everything when I saw this crude sell off of 6 bucks on one tick, something weird is happening. whats 6 bucks cant even get good (the mind is open for that) lol :lol: :lol: :lol: Link to comment Share on other sites More sharing options...
marmite Posted June 20, 2008 Report Share Posted June 20, 2008 sold everything when I saw this crude sell off of 6 bucks on one tick, something weird is happening. Could it be quadruple witching Friday ? Link to comment Share on other sites More sharing options...
romans holiday Posted June 20, 2008 Report Share Posted June 20, 2008 Markets seem to be both clueless and jittery. Most probably related to eachother. Link to comment Share on other sites More sharing options...
hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 Could it be quadruple witching Friday ? ive seen 100% move in coffee on a day whats the weight of a bit of paper ? double frost of 1994 Link to comment Share on other sites More sharing options...
hotspur Posted June 20, 2008 Report Share Posted June 20, 2008 http://goldnews.bullionvault.com/node/2473 Gold goes up as oil goes down? look at the ratio we are at a all time low oil can do what it wants if you look at the ratio high then take the middle gold is dirt cheap bingo so im on a weeks holiday hope ive given you lot something to think about up the spurs Link to comment Share on other sites More sharing options...
goldenbee Posted June 20, 2008 Report Share Posted June 20, 2008 Looking forward to the day I can go and get gold at marks and spencer, could only get my euros there today. Link to comment Share on other sites More sharing options...
goldenbee Posted June 20, 2008 Report Share Posted June 20, 2008 well germany 1923 1oz gold 24000 loafs of bread !! Currently getting about 2,250 loafs for an 1oz. I got a couple baking in the oven right now! Link to comment Share on other sites More sharing options...
romans holiday Posted June 20, 2008 Report Share Posted June 20, 2008 DOW broken below 12,000. Pundits are looking nervous. Link to comment Share on other sites More sharing options...
ologhai Posted June 20, 2008 Report Share Posted June 20, 2008 What does it all mean? Link to comment Share on other sites More sharing options...
GTG Posted June 20, 2008 Report Share Posted June 20, 2008 What does it all mean? Price has broken out of it's downward trend, is above the 50dma, upper bolinger band and a penannt (triangular shape)or continuation pattern is present. Could indicate a reversal of trend if accompanied by large volume and exits the range less than or equal to 2/3rds of the way along the formation "which it is". One caveat, the top of the spike on (March 17th Bear Stearns day)is being used for the upper trend line so this may affect the validity of the break out. Is that correct? Link to comment Share on other sites More sharing options...
marceau Posted June 20, 2008 Report Share Posted June 20, 2008 Gold should be breaking out right now given the sorry state of the dollar today. I'm adding to positions now, just because it's a friday doesn't mean gold can't rise. If we pop through $910, the rally should give us another $10-20. I'm willing to risk a bit to get part of that action. I'll hold as long as we hold $898. Link to comment Share on other sites More sharing options...
wren Posted June 20, 2008 Report Share Posted June 20, 2008 look at the ratio we are at a all time low oil can do what it wants if you look at the ratio high then take the middle gold is dirt cheap bingo so im on a weeks holiday hope ive given you lot something to think about up the spurs You had a beer? And a merry mid-summer to everybody. (Plenty of beers going down here in Northern Europe tonight, what with it being mid-summer .) Link to comment Share on other sites More sharing options...
G0ldfinger Posted June 20, 2008 Author Report Share Posted June 20, 2008 They knew what was happening. Should have called it quits much earlier. Link to comment Share on other sites More sharing options...
kernull Posted June 20, 2008 Report Share Posted June 20, 2008 Wow. If I remember right you live in Mexico? yes we are being hit by inflation hardly now Link to comment Share on other sites More sharing options...
Steve Netwriter Posted June 20, 2008 Report Share Posted June 20, 2008 Gold May Rise to $5,000 on Inflation, Schroder Says (Update1) By Bei Hu http://www.bloomberg.com/apps/news?pid=206...fer=commodities June 19 (Bloomberg) -- Gold prices may rise to $5,000 an ounce as investors seek to protect themselves against accelerating inflation, said Schroder Investment Management Ltd., which oversees $277 billion of assets globally. ``You could easily see for the next several years that prices rise not to $1,000 an ounce, but prices rise to $5,000 an ounce or beyond as inflation psychology becomes more and more embedded and people become desperate to have a source of value,'' said Christopher Wyke, London-based emerging market debt and commodities product manager at Schroder, which oversees about $10 billion of commodity assets. Only $5,000 Link to comment Share on other sites More sharing options...
Steve Netwriter Posted June 20, 2008 Report Share Posted June 20, 2008 Investment Funds Seen Moving from Oil to Gold for "Inflation Defense" as Political Witch-Hunt Jumps Borders -- Posted Friday, 20 June 2008 http://news.goldseek.com/GoldSeek/1213966940.php "There's [still] a lot of worry about inflation," as Mario Innecco, a broker in Gold futures at MF Global in London to Bloomberg today. So with politicians and media accusing commodity traders of "hoarding" necessities, the switch into non-essential hard assets – such as Gold Bullion – becomes ever-more attractive. "The Gold Market has to be prepared for a reaction to a possible puncturing of the oil price bubble," writes Lawrence Williams for MineWeb. Ajay Kedia, head of Kedia Commodities in Mumbai agrees, telling Myiris.com today that demand for gold "as a hedge against inflation" may be affected by a drop in the price of oil. Link to comment Share on other sites More sharing options...
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