Gold can only go up with 95% of Governments printing more and more paper money -History proves this. That is why banks and governments have had such a big prpoganda campaign against gold and silver
We have inflation BECAUSE of money printing
market is volatile!
news at 11
1,You talk about speculation as though it's a bad thing.
2, Gold goes up based largely on speculation. The prices of businesses, aka stock prices, as well as prices of just about everything else that's traded, change daily largely because of speculation.
3, You are making a fundamental error by singling out gold in that respect.
4, No risk, no return. It's as simple as that.
Gold can only go up with 95% of Governments printing more and more paper money -History proves this. That is why banks and governments have had such a big prpoganda campaign against gold and silver
We have inflation BECAUSE of money printing
Gold can only go up with 95% of Governments printing more and more paper money -History proves this. That is why banks and governments have had such a big prpoganda campaign against gold and silver
We have inflation BECAUSE of money printing
AgreeCorrections will be small and short lived from now on, for those reasons.
4, that statement is misleading, Low risk does not = Low returns, and High risk does not = High returns.
I said no risk means no return.
This is pretty much risk free and has a return
(Probably Government guaranteed too up to $1million, so l'd say that's as close to risk free as you can get)
CME Group Inc. raised the margin requirements on gold trading at its Comex unit for the second time this month, after prices surged to a record above $1,900 an ounce and then plunged today by the most since March 2008.
The minimum cash deposit for borrowing from brokers to trade gold futures will rise 27 percent to $9,450 per 100-ounce contract in the speculative Tier 1 category at the close of trading tomorrow, Chicago-based CME said in a statement. On Aug. 11, the increase by the exchange was 22 percent to $7,425. The cost of one contract after today’s close was $175,730. The maintenance margin will rise to $7,000 from $5,500.
Comex is making it more expensive for speculators to trade the metal as open interest for gold options climbed to a record 1.263 million contracts on Aug. 18 and prices slumped more than 7 percent in two days, erasing the gain of the past two weeks that sent the metal to a record $1,917.90 yesterday.
Well, that a was a nice drop, Gold was down $100 at one point and clawed back a little.
Gold Margins Raised 27% on CME’s Comex After Biggest Price Drop Since 2008
More here...
1, Nothing for gold has fundamentally changed though. ?
2, To say this is just a speculative bubble would probably greatly amuse the countries which are currently buying physical as fast as they can. Or retrieving their stored physical.
It is not speculative and it is not a bubble. As it has been for 5,000 years it is the real deal.
Yes property and other tangibles will have their day later on, but it is bullion that is the safest haven now.
Just have a good look at the 10 year chart. "The trend is your friend untill the bend"
It is not speculative
and it is not a bubble.
1, I agree, nothing has changed fundmentally for gold for the last 50years
Tysonboss1 said:What price do you personally believe gold would have to get to before it could be called a bubble
Tysonboss1 said:An investment attitude looks to the asset itself to generate the return, But gold produces no return outside of selling it to a bigger idiot in the future
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