notanewmember Posted September 22, 2008 Report Share Posted September 22, 2008 Wow, equities down All commodities are up on my screen Link to comment Share on other sites More sharing options...
electroweak Posted September 22, 2008 Report Share Posted September 22, 2008 Given the likely fall of the dollar, is it better to hold gold in $ or £ or euros? Erm... i think you may have a misconception here! You can fund an account (say with BullionVault) using $,GBP or Euro. You can then sell your gold into any of these 3 currencies as you choose. Gold IS a currency itself, and cannot be "held" in dolars, pounds, euros or anything else for that matter; it has a value in all these currencies simultaneously, depending on how hot the presses are in each country! Link to comment Share on other sites More sharing options...
sossij Posted September 22, 2008 Report Share Posted September 22, 2008 $900! Link to comment Share on other sites More sharing options...
romans holiday Posted September 22, 2008 Report Share Posted September 22, 2008 So Gold's struggling to punch through $900, and Silver's stuck at $13.33333 Does anyone think that maybe, just *maybe* in the TA world we've got here a little too quickly? I appreciate there was a blip over $900 last week - but it didn't last long. The fundamentals are there, stronger than ever, but I fear in the eyes of traders a pullback is needed before we can advance further. Or maybe I'm spouting utter tosh. I think the euphoria [idiocy] of last week is wearing off. Investors are starting to think of the ramifications of rtc2 which can only mean one thing for POG. Does not mean that another dip couldn't happen... but I think this is becoming increasingly unlikely now that gold is coming more into its own... notice that the commodities are also performing well. Link to comment Share on other sites More sharing options...
Vilhelm84 Posted September 22, 2008 Report Share Posted September 22, 2008 Was it just a week a go that goldcorp said it would close a mine, because of the low gold price. Link to comment Share on other sites More sharing options...
Bobsta Posted September 22, 2008 Report Share Posted September 22, 2008 This is why you shouldn't play the gold market on margin. It will kill you. Yup, I know. It did. I was young and reckless. When I look back now at the size of some of the positions I held back in February it scares me. It sure was a piece of cake to make a shed-load of cash on the way up. Unfortunately it was darned near impossible to hold onto it. I don't play that game any more (well I do, just with tiny amounts and with a completely different attitude). Link to comment Share on other sites More sharing options...
Dispassion Posted September 22, 2008 Report Share Posted September 22, 2008 Looks like another challenge at $900 is imminent, I've got a good feeling about this one. Link to comment Share on other sites More sharing options...
Compounded Posted September 22, 2008 Report Share Posted September 22, 2008 Looks like another challenge at $900 is imminent, I've got a good feeling about this one. BV has $900 now Link to comment Share on other sites More sharing options...
Vilhelm84 Posted September 22, 2008 Report Share Posted September 22, 2008 Closing today over 900?? HUI is moving nicely today over 352! Link to comment Share on other sites More sharing options...
UpTheKhyber Posted September 22, 2008 Report Share Posted September 22, 2008 The unfunded liabilities argument is different - it asserts that we can't possibly save up the $60 trillion needed to fund future commitments so we should cut or reduce Medicare and Social Security now. It is an intentional blurring of the future redistribution with current deficits in an attempt to attack the idea of redistribution. I'm not an expert on social security and medicare in the US, but they would appear to be run as trust funds so perhaps people are expecting (and entitled to) a defined benefit when their time comes. As such, 'unfunded liabilities' may well accurately reflect the situation in the US, much like public sector final salary pensions in the UK. http://www.msnbc.msn.com/id/7053462/ Mind you, at least they bothered to set up trust funds for such things in the US. Here in the UK public sector pensions will just paid directly out of future taxes, in the typical off-balance-sheet scam approach beloved by the spivs who run our country these days. Link to comment Share on other sites More sharing options...
Magpie Posted September 22, 2008 Report Share Posted September 22, 2008 I'm not an expert on social security and medicare in the US, but they would appear to be run as trust funds so perhaps people are expecting (and entitled to) a defined benefit when their time comes. As such, 'unfunded liabilities' may well accurately reflect the situation in the US, much like public sector final salary pensions in the UK. http://www.msnbc.msn.com/id/7053462/ Mind you, at least they bothered to set up trust funds for such things in the US. Here in the UK public sector pensions will just paid directly out of future taxes, in the typical off-balance-sheet scam approach beloved by the spivs who run our country these days. I think that's about right. I'm not saying that the unfunded liabilities theory is totally wrong, just that it tends to be stressed in a rather alarmist way by people whose agenda is to attack wealth redistribution. Link to comment Share on other sites More sharing options...
fexx Posted September 22, 2008 Report Share Posted September 22, 2008 Forgive my ignorance, but if the recent events in the US are having an adverse effect on the $, and gold is priced in $, what impact would this have for us in the UK? I'm assuming that everyone here buys bullion in £s, not $s, and although sterling has problems, the US has always been ahead of us (starting with the sub-prime crisis). Could the dollar fall dramatically against the pound, and what would this mean for POG in UKP? If that's combined with the possibility of a smackdown before the November elections, can we see any better buying opportunities for gold ahead? Link to comment Share on other sites More sharing options...
radge Posted September 22, 2008 Report Share Posted September 22, 2008 Does the paucity of gold on offer in BV's NY vault mean the surge in demand is mainly in the USA? Link to comment Share on other sites More sharing options...
creditcrunch Posted September 22, 2008 Report Share Posted September 22, 2008 If that's combined with the possibility of a smackdown before the November elections, can we see any better buying opportunities for gold ahead? Of the two time I have bought gold so far, both were just before 'smack downs' , I was a bit worried at first but.... I'm not going to wait for any smack downs, and will convert my GBP at the first opportunity: if I am fortunate to be buying just after a smack down then, lucky me. Link to comment Share on other sites More sharing options...
grumpy-old-man Posted September 22, 2008 Report Share Posted September 22, 2008 hey Dr Bubb, according to CVD Gold's crashing apparently... :D Link to comment Share on other sites More sharing options...
bakachu Posted September 22, 2008 Report Share Posted September 22, 2008 I'm not going to wait for any smack downs, and will convert my GBP at the first opportunity: if I am fortunate to be buying just after a smack down then, lucky me. muhahaha, then its gets smacked down (again), and you spend the next few weeks biting your lip as you watch the price slowwwwwlly creep back up, as the thought of how many more ounces your money would get now compared to then gently nibbles at your peace of mind. ahem, yes, I bought a little silver at $19.. Link to comment Share on other sites More sharing options...
Vilhelm84 Posted September 22, 2008 Report Share Posted September 22, 2008 Look at the oil price like a nasa spacelaunch!120d Link to comment Share on other sites More sharing options...
notanewmember Posted September 22, 2008 Report Share Posted September 22, 2008 http://www.housepricecrash.co.uk/forum/ind...30&start=30 i would read Wads reasonable explanation on why oil is up today. Possible shorts could not roll their contracts so had to cover. Link to comment Share on other sites More sharing options...
frizzers Posted September 22, 2008 Report Share Posted September 22, 2008 http://www.dollarcollapse.com/iNP/view.asp?ID=76 Link to comment Share on other sites More sharing options...
Dispassion Posted September 22, 2008 Report Share Posted September 22, 2008 BV has $900 now It's good to break the resistance at $902, looks like a challenge on $1000-$1003 may happen very soon! Oil up by 20% is pretty exciting. It looks like the oil market has decided that it won't be debt that strangles the world economy, but energy prices after all, so let's see how quick the world can restructure, if any of our politicians are interested. Perhaps they're expecting the free markets to think long term and guide the changes in infrastructure, because the financial sector has always been good at that hasn't it...?... oh wait, hold on... It is up to the state, isn't it...? Someone should tell the electorate quick, before they vote in conservative governments again.... I wonder who in the media will help us...? oh crap... Link to comment Share on other sites More sharing options...
notanewmember Posted September 22, 2008 Report Share Posted September 22, 2008 Mike Malony appears in the second hour of goldseek radio this week, well worth a listen. He works with R.Kyosaki, and it appears the duo are really making their voices known about PM. Link to comment Share on other sites More sharing options...
darreng1000 Posted September 22, 2008 Report Share Posted September 22, 2008 http://www.dollarcollapse.com/iNP/view.asp?ID=76 going by that last statement, it looks like he's suggesting that silver could go up by 300 times, around 5 times the price of silver! Link to comment Share on other sites More sharing options...
notanewmember Posted September 22, 2008 Report Share Posted September 22, 2008 i m not going to get carried away with silver, the price increase may come up as a brief spike. It still comes out of the ground at ratio between 50 and 100 to one. Check out Griffin Mining's last trading statement, they mined 800 ounces of gold to 90,000 ounces of silver. Rhodium, another silver coloured metal always provides a reminder that falls are as dramatic as the rises Link to comment Share on other sites More sharing options...
Dispassion Posted September 22, 2008 Report Share Posted September 22, 2008 What the hell happened to XAU??Looks right to me, it largely behaves as leverage on the movement of the gold/silver price. I expect to see both the XAU and HUI close to their peaks in March, if and when gold hits $1000 again. Link to comment Share on other sites More sharing options...
Steve Netwriter Posted September 22, 2008 Report Share Posted September 22, 2008 I watched quite a few things over the weekend, but I think this was the documentary I referred to earlier. It's pretty light on content really, but kind of 'fun' (if you know what I mean) to watch... . Thank you I've watched a few, but not those. You'll see. You'll see. You'll see. Actually, I was just watching this YouTube video about the the crash of 1987. What is it about the September / October? Right onto that one next Link to comment Share on other sites More sharing options...
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