electroweak Posted January 16, 2011 Report Share Posted January 16, 2011 Most people must be beginning to realise that dollar doom is not likely to happen by the end of 2011, when at this point in time retail sales there are only 0.2% below the 2007 highs and even the trade deficit and firms like GM are looking better. Ja, glacial. So slow, plenty of time to get ........ All it would take at this point is the Chinese to wave a finger and it's all over for the USD. Link to comment Share on other sites More sharing options...
fitkid Posted January 16, 2011 Report Share Posted January 16, 2011 Bought some more physical today. Good deal on some 1/4 Oz coins, paid for in cash, of course. Good deal? what price per ounce chris.? Link to comment Share on other sites More sharing options...
fitkid Posted January 16, 2011 Report Share Posted January 16, 2011 Experience has taught me: When, after a big rally, you see widespread forecasts of a further doubling, it is usually time to be OUT of the market. Haven't you guys learned anything from the Piper's silly $1650 forecast? These guys are chronic bulls, and they do not own magic crystal balls. And chances are, they benefit somehow when they can entices crowds into buying Gold. There experience had given most of the aforementioned forecasters to make their predictions years ago in the case of JS 10 years. That was before way before i mean before anyone had seen or had an inclinination that a rally of any size had started. I CALL THAT REAL EXPERIENCE!!!! Link to comment Share on other sites More sharing options...
electroweak Posted January 16, 2011 Report Share Posted January 16, 2011 Good deal? what price per ounce chris.? spot+20, which for me feels like a good deal. Link to comment Share on other sites More sharing options...
fitkid Posted January 16, 2011 Report Share Posted January 16, 2011 spot+20, which for me feels like a good deal. + 20 % or £'s? and remind me wich spot price did you 'purchase' on.? It looks like only you and i 'purchased physical last week. I 'purchased ' a 10 oz bar Perth mint australian. Link to comment Share on other sites More sharing options...
alexreeve Posted January 16, 2011 Report Share Posted January 16, 2011 lmao http://www.zerohedge.com/article/deposed-t...ry-15-tons-gold Deposed Tunisian President Ben Ali Said To Have Fled Country With 1.5 Tons Of Gold. Not shares of AAPL, not freeze dried MREs, not shotguns shells, not even €45 million European pieces of linen in a suitcase... Gold. And one wonders why all the physical silver and gold is slowly but surely disappearing from the distributors: someone should really check the cargo hold of Lloyd's, Jamie's and Vikram's G-6 planes...and of course the extra cargo holds in the private helicopter squadron of that "other" Ben, elsewhere now known lovingly with the adjective of Blackhawk (f/k/a Helicopter). Link to comment Share on other sites More sharing options...
electroweak Posted January 17, 2011 Report Share Posted January 17, 2011 + 20 % or £'s? and remind me wich spot price did you 'purchase' on.? It looks like only you and i 'purchased physical last week. I 'purchased ' a 10 oz bar Perth mint australian. £'s - friday's spot, so 860 +20 /oz Only got a few coins though. 10 Oz would be a big purchase for me. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 17, 2011 Author Report Share Posted January 17, 2011 lmao It's because gold is money - good money. No Tunisian bank can declare that money bad, no US bank can either. Nor can it go up in flames, or not be moved. BTW, who did he steal this gold from? Link to comment Share on other sites More sharing options...
aliveandkicking Posted January 17, 2011 Report Share Posted January 17, 2011 Ja, glacial. So slow, plenty of time to get ........ All it would take at this point is the Chinese to wave a finger and it's all over for the USD. You must realise that without the US economy the rest of the world would tank and so would china. China will do all it can to support Europe the USA and other countries because they all have a joint future for many years to come. Link to comment Share on other sites More sharing options...
romans holiday Posted January 17, 2011 Report Share Posted January 17, 2011 You must realise that without the US economy the rest of the world would tank and so would china. China will do all it can to support Europe the USA and other countries because they all have a joint future for many years to come. Yes, the US and China are for now coupled in an unstable and unholy alliance. Due to the financial crisis, stresses in the current relationship are now working themselves out which will eventually lead to an economic rebalancing between the two. This process will lead to further instability.... and instability in economies and currencies will be the prime reason for gold's continued rise. Link to comment Share on other sites More sharing options...
romans holiday Posted January 17, 2011 Report Share Posted January 17, 2011 Link to comment Share on other sites More sharing options...
ecoface Posted January 17, 2011 Report Share Posted January 17, 2011 Gold in GBP is getting shat on. Sterling is nearly at 1.59 USD again. For some reason the markets like sterling currently. Odd. Link to comment Share on other sites More sharing options...
G0ldfinger Posted January 17, 2011 Author Report Share Posted January 17, 2011 Gold in GBP is getting shat on. Keep it coming! Link to comment Share on other sites More sharing options...
Fortune Posted January 17, 2011 Report Share Posted January 17, 2011 Messers Armstrong in his latest piece has been calling for a potential low in Gold by around June 2011 - which would be very very bullish long term. Price point to watch is 1372. A weekly closing below this means a visit to 1348. A monthly closing below this price means a testing of the 1285 and/or 1150 level. Once that's out of the way, the fun will really begin. Link to comment Share on other sites More sharing options...
warpig Posted January 17, 2011 Report Share Posted January 17, 2011 Why does it have to be about the dollar? What about the Euro and all of the contributory factors that support a stable currency? Europe is in a mess and it's getting worse by the day. You could argue that a failing Euro currency would be good for the dollar, but that's largely ignoring contagion/unintended consequences/black swans. I suggest whatever is bad for the Euro is good for gold. I am expecting either EU states to fail this year or the ECB turns to the printing press as an interim solution, much like the US. Either way this is good for gold IMO. Most people must be beginning to realise that dollar doom is not likely to happen by the end of 2011, when at this point in time retail sales there are only 0.2% below the 2007 highs and even the trade deficit and firms like GM are looking better. Link to comment Share on other sites More sharing options...
aliveandkicking Posted January 17, 2011 Report Share Posted January 17, 2011 Why does it have to be about the dollar? What about the Euro and all of the contributory factors that support a stable currency? Europe is in a mess and it's getting worse by the day. You could argue that a failing Euro currency would be good for the dollar, but that's largely ignoring contagion/unintended consequences/black swans. I suggest whatever is bad for the Euro is good for gold. I am expecting either EU states to fail this year or the ECB turns to the printing press as an interim solution, much like the US. Either way this is good for gold IMO. It was about the dollar because you produced a list of 110 analysts predicting gold prices in USD. On the european side Iceland is doing ok, the nordics generally are doing ok, Germany is booming, the Footsie is over 6000 and a stronger US is likely to pull europe along with it. Countries like spain have some problems but the difficulties appear over rated - particularly when China has said it will support the region. Link to comment Share on other sites More sharing options...
warpig Posted January 17, 2011 Report Share Posted January 17, 2011 You're painting a very sedate picture of the current situation. It's clear you can't fix a debt based problem with yet more debt. It's obvious the only reason the financial system isn't in free-fall, is because of recursive bailouts and forced liquidity through central bank schemes. Even if China's offer was accepted, how many times will they throw good money after bad..? Negative real interest rates and current economic instability still favors a much higher gold/silver price IMO. It was about the dollar because you produced a list of 110 analysts predicting gold prices in USD. On the european side Iceland is doing ok, the nordics generally are doing ok, Germany is booming, the Footsie is over 6000 and a stronger US is likely to pull europe along with it. Countries like spain have some problems but the difficulties appear over rated - particularly when China has said it will support the region. Link to comment Share on other sites More sharing options...
warpig Posted January 17, 2011 Report Share Posted January 17, 2011 You're painting a very sedate picture of the current situation. It's clear you can't fix a debt based problem with yet more debt. It's obvious the only reason the financial system isn't in free-fall, is because of recursive bailouts and forced liquidity through central bank schemes. Even if China's offer was accepted, how many times will they throw good money after bad..? Negative real interest rates and current economic instability still favors a much higher gold/silver price IMO. It was about the dollar because you produced a list of 110 analysts predicting gold prices in USD. On the european side Iceland is doing ok, the nordics generally are doing ok, Germany is booming, the Footsie is over 6000 and a stronger US is likely to pull europe along with it. Countries like spain have some problems but the difficulties appear over rated - particularly when China has said it will support the region. Link to comment Share on other sites More sharing options...
Barry Scott Posted January 17, 2011 Report Share Posted January 17, 2011 Anyone buying here? Or is there further to fall. Opinions appreciated? B Link to comment Share on other sites More sharing options...
warpig Posted January 17, 2011 Report Share Posted January 17, 2011 I've advised a friend to buy e-physical at this point. Anyone buying here? Or is there further to fall. Opinions appreciated? B Link to comment Share on other sites More sharing options...
aliveandkicking Posted January 17, 2011 Report Share Posted January 17, 2011 You're painting a very sedate picture of the current situation. It's clear you can't fix a debt based problem with yet more debt. It's obvious the only reason the financial system isn't in free-fall, is because of recursive bailouts and forced liquidity through central bank schemes. Even if China's offer was accepted, how many times will they throw good money after bad..? Negative real interest rates and current economic instability still favors a much higher gold/silver price IMO. China is only reinvesting the 'good' european money it gets by having a trade surplus when it buys bonds in Europe. It can if it wants buy engineering or food from Spain instead and the other side of the debt problem is the savings problem. Link to comment Share on other sites More sharing options...
warpig Posted January 17, 2011 Report Share Posted January 17, 2011 China can't afford to finance the US and the European states, one of which will fail and take the other with it. If you factor in all of the [off]-balance sheet items they don't want you to factor in, there is nothing that can save the system. Perhaps in 2008 with stark austerity measures, but now the problem's just too big. Even central banks and the IMF are running out of money, it's insane and the only [short|medium|long] term solution is to print $$$'s. We are going to see more poverty, more rioting, more extreme bank bonuses, more violence and higher gold prices. The MSM insist gold is in a bubble and we are on the road to recovery... you don't believe this do you? China is only reinvesting the 'good' european money it gets by having a trade surplus when it buys bonds in Europe. It can if it wants buy engineering or food from Spain instead and the other side of the debt problem is the savings problem. Link to comment Share on other sites More sharing options...
marmite Posted January 17, 2011 Report Share Posted January 17, 2011 I have not seen this posted here. Tescos are doing cash4gold https://www.tescogoldexchange.com/ Link to comment Share on other sites More sharing options...
fitkid Posted January 17, 2011 Report Share Posted January 17, 2011 http://www.bbc.co.uk/news/world-africa-12209296 Tunisian bank denies gold taken by wife of president The central bank in Tunisia has denied reports that the wife of the deposed president took 1.5 tonnes of gold bars from it before leaving the country. A spokesman for the bank said Leila Trabelsi "has never set foot here" nor met its governor. The French newspaper Le Monde said she personally went to the bank to get the gold before her husband, Zine al-Abidine Ben Ali, was toppled. They are now in Saudi Arabia after fleeing Tunisia. Citing French security sources, Le Monde reported that Leila Trabelsi went to the bank in December, the month when the protests against her husband's government began. It said the bank's governor refused her demand and asked for a written request for the gold, said to be worth 45m euros (£38m). It said the president initially refused to make such an order before giving in to his wife. The paper said she then left Tunisia before returning to the country, and that the gold bars were reportedly taken to Switzerland. But a spokesman for the bank, Zied Mouhli, told the BBC that the official in charge of payments "had never received verbal or written orders to take out gold or currency". He added: "The gold reserves have not moved for years." Link to comment Share on other sites More sharing options...
aliveandkicking Posted January 17, 2011 Report Share Posted January 17, 2011 China can't afford to finance the US and the European states, one of which will fail and take the other with it. If you factor in all of the [off]-balance sheet items they don't want you to factor in, there is nothing that can save the system. Perhaps in 2008 with stark austerity measures, but now the problem's just too big. Even central banks and the IMF are running out of money, it's insane and the only [short|medium|long] term solution is to print $$$'s. We are going to see more poverty, more rioting, more extreme bank bonuses, more violence and higher gold prices. The MSM insist gold is in a bubble and we are on the road to recovery... you don't believe this do you? In our money system prices are always in a bubble that is further inflated by adding extra money. Therefore you would expect prices of all things to rise as the bubble is made bigger. Is gold in a bubble? Yes but everything is in the same bubble. We are in a recovery but we are on life support also. The debt explosion you talk about is a deflationary collapse. Look at lehmans to see what happens when people lose confidance in our credit system and you see that gold and silver plunged as did the price of just about everything. Central banks cannot run out of money, they are not audited and we only get to read what they tell us. I dont think austerity is going to go away. There is a huge problem of excessive system leverage that can only be solved by people being poorer. And so we see the Baltic dry at 2002 prices not necessarily because of a collapse in world trade but because of a bubble in shipping that enabled a bubble in ship builders wages and their houses and their savings. All things were in a bubble and even if the bubble is kept inflated the underlying problem of excessive leverage will take years and years to be resolved so that current system is safe and self sustaining and off life support. Given such a background it is hard to see how inflation is going to take off because if inflation were to dramatically rise then the wages of the shipbuilders would rise as would the farmers wages as would the builders wages and landlords etc and for many the crisis would be over, and that is just too easy. People are instead going to struggle. Link to comment Share on other sites More sharing options...
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