Gents I know you are all very excited but its actually lagging everything else.
Sure there's some stops that are going to be taken here but it is just playing catch up.
And a loaf of bread $1,500.
Forget gold and bread, I'm going long on wheelbarrows.
Xactly!!
The funny thing about this gold run is that the bugs are again going to be wrong. We are not going to get hyper inflation or the collapse of the world. Gold is getting dragged up in a bull equities run.
They couldn't of been more wrong
So far.
Forget gold and bread, I'm going long on wheelbarrows.
Xactly!!
The funny thing about this gold run is that the bugs are again going to be wrong. We are not going to get hyper inflation or the collapse of the world. Gold is getting dragged up in a bull equities run.
They couldn't of been more wrong
So far.
Yes people will need lots to cart the worthless USD around. Its a sure thing.Don't worry TH ... I'm still well and truly long on gold - just going to add wheelbarrows to the mix
bottom of the draw stuff yes. But have not been able to fine anything that beats daytrading and being in cash each night for smooth equity gains.TH, just curious. You've just expressed a longer term view, do you trade on these? I know most (all?) of your trades are scalping and super-short-term, but do you have some longer term ones on also?
Gold is the commodity of craziness. Gold miners, even those wearing suits in the city, are all possessed by the ghosts of wild-eyed, bearded prospectors from the gold rushes of the 1850s; gold investors are that unique breed of incurable optimists who don’t want to be paid any income on their capital; and big gold bling wearers are possessed by Mesopotamian princes and princesses.
EDIT: Explod its no better a hedge than the very things bugs hate. thats the joke. Its actually been worse this year than everything. Hahahahahahaha get the joke?
PS: Even as a speculative investment, given that the sentiment is driven primarily by the $US outlook, and given that the $AU seems to be marching to it's own tune due to our relatively better economic performance, lower debt, better prospects etc, medium term in $AU terms I can't see gold providing a decent return compared to the potential in equities especially and even property over the next few years? I mean even as this $US1000 break occurred, the $AU POG has stayed flat or gone backwards hasn't it?
PPS: As with anything when looking to the future, I could be completely wrong and POG may go to the moon even in $AU terms? But I personally see this as an outside possibility, rather than likely.
Cheers,
Beej
PS: Even as a speculative investment, given that the sentiment is driven primarily by the $US outlook, and given that the $AU seems to be marching to it's own tune due to our relatively better economic performance, lower debt, better prospects etc, medium term in $AU terms I can't see gold providing a decent return compared to the potential in equities especially and even property over the next few years? I mean even as this $US1000 break occurred, the $AU POG has stayed flat or gone backwards hasn't it?
PPS: As with anything when looking to the future, I could be completely wrong and POG may go to the moon even in $AU terms? But I personally see this as an outside possibility, rather than likely.
Cheers,
Beej
Yes the spanner in the works seems to be that our dollar increase offsets the gains in gold. Probably because our economy is more commodity driven and dollar rises on risk appetite? If we raise rates it will be even worse for gold
In saying that I do have a small gold, and larger silver holding as part of the portfolio.
Well, for $4,500 margin per contract, and about a $4,000 per contact move since breaking out of the triangle and pathetically low transaction costs, it ain't half bad.
Margin makes AUD considerations of little significance.
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