Gold Price - Where is it heading?

[Mr Z]

Thanks for the laugh Tyson, you are indeed a victim of Stockholm syndrome.

I really truly suggest you head off and learn how this works, you will be MUCH better off for it.

Economic reality --> www.mises.org

Try "Human Action" first.

 

[Tysonboss1]

,What do you say Tyson Boss sell my gold or hold onto physical bullion that I own?

Do what you like,

I personally own zero physical gold outside of jewellery, and my only exposure to the price of gold is my investment in BHP, So I guess in that way I am benefitting from a higher gold price.

But do I think Gold will continue it's upward trend past $3000AUD as Some of the posters have said, the answer is no I don't believe that will happen.

If I did find myself in the situation of owning bullion today, I would be selling it. Thats not advice, thats just my personal opinion, I don't want to own any physical gold, it's of no utility to me or my personal financel plan.

I own part of a gold mine through BHP, I much prefer to own a diversified miner such as BHP, But I certainly wouldn't want to be owning a gold pure play, again thats just my opinion.

 

[Mr Z]

So you have no interest in gold and no intention of buying it, you barely seem to understand why it is going up and why it will go up further than you seem to be able to conceive ---> yet you regularly let us have your uninformed and disinterested opinion on the future of gold prices.

Amazing!

 

[explod]

But I certainly wouldn't want to be owning a gold pure play, again thats just my opinion.

And which one was that? And when?

 

[Tysonboss1]

But I certainly wouldn't want to be owning a gold pure play, again thats just my opinion.

And which one was that? And when?

Just to clarify, I have never owned a gold pure play.

there was a comma there separating the 2 phrases, so it should have been read.

"But I certainly wouldn't want to be owning a gold pure play"

then

" Again that is just my opinion "

 

[Tysonboss1]

1, So you have no interest in gold

2, no intention of buying it,

3, you barely seem to understand why it is going up and why it will go up further

4, yet you regularly let us have your uninformed and disinterested opinion on the future of gold prices.

Amazing!

1, No, I have interest. It is an interesting movie to watch, and as a BHP shareholder it is one of the 20 commodities that BHP produces.

2, Correct

3, Just because we disagree on the reasons it went up does not mean I don't understand it.

4, Isn't this thread all about people opinions on the future of gold prices, I didn't relise it was restricted to people who share Mr Z's opinion.

 

[sinner]

3, Just because we disagree on the reasons it went up does not mean I don't understand it.

4, Isn't this thread all about people opinions on the future of gold prices, I didn't relise it was restricted to people who share Mr Z's opinion.

On 3, I would point out that just because you disagree on the reasons it went up doesn't mean you do understand it either. I don't think Mr Z is claiming you "don't seem to understand" simply because your views disagree, but genuinely because it doesn't seem you understand!

On 4, there are no restrictions but we would appreciate some quantifying and qualifying to your statements, otherwise they are just drivel which you don't seem to have issues repeating ad infinitum. I would love to hear your explanation on a supply and demand basis on why you think gold won't go to 3000AUD. Where will the increased supply of gold come from? Where will the dropping demand come from? Personally I feel with Central Banks once again becoming net buyers in 2010 for the firs time in a long time, this has added a large amount of demand on the pool of annual gold production which has hardly kept up and in many countries in fact gone down!

EDIT: It is also worth pointing out, you are implicitly claiming you understand the economics of gold better than the economists working at Central Banks all over the world, who are buying gold at current prices.

 

[Logique]

So you have no interest in gold and no intention of buying it, you barely seem to understand why it is going up and why it will go up further than you seem to be able to conceive ---> yet you regularly let us have your uninformed and disinterested opinion on the future of gold prices.
Amazing!

Now this thread is picking on Tysonboss? Over in the dunce's corner with silly Logique. What would we know.

 

[Tysonboss1]

Time will tell.

 

[Mr Z]

1, No, I have interest. It is an interesting movie to watch, and as a BHP shareholder it is one of the 26 commodities that BHP produces.

but obviously not interested enough to educate yourself enough to pass informed comment.

2, Correct

Then why waste your precious effort on unproductive activity? Surely only a troll would indulge in such activity?

3, Just because we disagree on the reasons it went up does not mean I don't understand it.

No, it is the total lack of depth in your argument that tells us that.

4, Isn't this thread all about people opinions on the future of gold prices, I didn't relise it was restricted to people who share Mr Z's opinion.

Now look pet, no one said you can't have an opinion, but please make a decent fist of it if you are going to go onto a thread about an investment and play devils advocate.

All I am doing is pointing out to the lesser informed that your opinion on the subject is uniformed. If that is not correct defending yourself should be child's play now shouldn't it?

Anywhooo gold is heading much higher in USD terms and the forces driving it will fuel the wealth, divide literally picking the pockets of the lower part of the economy and feeding it to the higher end. That is simply how this works... econ 101... you can look forward to more and more press on the expanding wealth divide and more politicking around government solving the issue. All the while no one will mention the real cause of it and goverment will never be fingered for its role at the heart of the issue. Over time it will cause all sorts of subtle dislocations that will destroy productivity and eventually, if taken far enough, the entire economy. If producing money was all that was required to repair an economy Zimbabwe would be a African poster child, not a basket case. Sound money and saving are the very basis of a properly functioning capitalist economy, without them you have no platform on which to grow.

Just a primer...

Inflation, what you see and what you don't.

 

[explod]

Just to clarify, I have never owned a gold pure play.

there was a comma there separating the 2 phrases, so it should have been read.

"But I certainly wouldn't want to be owning a gold pure play"

then

" Again that is just my opinion "

The problem you have with the semantic is the word "again".

A gold play is in fact no different to any other investment. Gold is also in the class of commodities and you would be aware that many central banks are accumulating gold again so as to shield themselves from the debasement currently underway with paper money.

I currently have an investment in AYN, this is a pure silver miner that in the last months has gone into production. I visited this mine site back in 2004 and have studied it very closely since. Without going into all the details this to me is a very sound investment which is also backed my by very good knowledge of the gold and silver markets, currencies movements and the big one sentiment

Investing among other things is in parts, we have fundamentals, we have technicals, seasonals (wave theory in this) and again the big one sentiment.

Gold fever has a very long history and is on the rise again. As yet only a small part of the investment community is awake to it. Some say we are into stage two, I believe we have not completed stage one, but as the big bullion banks have just relinquished most of thier short positions of late we maybe now crossing that line.

Anyway each to his own, but as a serious investor you may well be missing something by not doing a bit of reading up and study on this opportunity of a lifetime. Sure a lot of people lost thier shirts back in 2008 but I know personally two people who made so much in some gold stocks then that they never had to work again.

Now I could be wrong of course, all I am saying my friend is that is is worth consideration. Your blind dismissal does not do you justice as on most topics you do make a lot of sense and do try to be helpfull.

 

[Mr Z]

Now this thread is picking on Tysonboss? Over in the dunce's corner with silly Logique. What would we know.

I dunno what you'd know mate! Maybe if you spent more time telling us we'd have a clue? Why the passive aggressive whine fest? Why not say what you actually think?

 

[Mr Z]

Time will tell.

Yes it will, but by then Tysonboss will probably have long gone and will not be around to have the conversation.

Anyone remember Amoryhill and his constant babble about gold and why it would never go over $1000 USD? TB very much reminds me of him. Ahhhhhhh the good old days!

 

[Mr Z]

Damn... lunchtime must be over!

 

[Mr Z]

Warning bad language!

Warning bad language!

Advice to the US government!

This kind of attitude is building in the US.... sounds just like another guy in the US that I talk to sometimes.

 

[sinner]

Damn... lunchtime must be over!

I haven't even eaten yet! Too busy reading FOFOAs latest awesome article.

http://fofoa.blogspot.com/2011/10/rpg-update-4.html

 

[Tysonboss1]

Yes it will, but by then Tysonboss will probably have long gone and will not be around to have the conversation.

Anyone remember Amoryhill and his constant babble about gold and why it would never go over $1000 USD? TB very much reminds me of him. Ahhhhhhh the good old days!

The good old days?

You only joined last year!

 

[Mr Z]

LOL... yeah.

Dude, I have been around on various boards since Stock Central launched back when you where still poor. Remember that board?

Or what about ReefCap where the hardcore stock guys used to hang?

Tech/A is one of the few names I recognize here from those days.

I'm flattered that you felt compelled to check :

 

[Tysonboss1]

I'm flattered that you felt compelled to check :

Well it says right under your avatar, I didn't really need to launch a royal commission.

 

[Mr Z]

I haven't even eaten yet! Too busy reading FOFOAs latest awesome article.

http://fofoa.blogspot.com/2011/10/rpg-update-4.html

Ruh ro.... ROCKETS!!! Duck....! I always got nervous when they posted rockets on the gold forums, never a good sign. LOL.