Gold Price - Where is it heading?

[Trembling Hand]

The Governments and bankers do not like that and you can be sure they have input on the forums.

Classic I-)

 

[explod]

Classic I-)

Perhaps a little bit worried the system may be broken there T/H

Uncertain times makes gold strong and we certainly have that mix at the moment.

Just a rumour that there may be a significant Helenic money event later today.

And you all know that I am most usually wrong.

 

[Trembling Hand]

Uncertain times makes gold strong and we certainly have that mix at the moment.

Tunnel vision much?

 

[explod]

Tunnel vision much?

Yeh, I know, hot air rises much faster.

On the rumour via JSMinset:

LONDON, February 28, 2012 - The International Swaps and Derivatives Association, Inc. (ISDA), as secretary to the Determinations Committees (the DCs), today announced that a question relating to a potential credit event with respect to the Hellenic Republic has been submitted to, and subsequently accepted for consideration by, the EMEA Determinations Committee.

In accordance with the Determinations Committee Rules, a meeting will be held at 11AM GMT on Thursday, March 1 to determine whether a credit event has occurred.

Further information regarding the question is available at www.isda.org/credit.

 

[Trembling Hand]

Yeh, I know, hot air rises much faster.

On the rumour via JSMinset:

They must be walking it before the smack down hey? Only reason for gold being left behind?

 

[explod]

They must be walking it before the smack down hey? Only reason for gold being left behind?

You will note (though bullish) that I do not call gold prices.

As a trend follower I try to go with what the market is saying. That includes charts and other avenues of gauging sentiment.

Gold has been going up since 2001 and looks like it is going to continue.

But if you want to do a bit of research, silver is going to be the big one in my view.

 

[Trembling Hand]

As a trend follower I try to go with what the market is saying. That includes charts and other avenues of gauging sentiment.

Does that include conspiracy?

The Governments and bankers do not like that and you can be sure they have input on the forums.

 

[sinner]

But if you want to do a bit of research, silver is going to be the big one in my view.

My view is the opposite, silver will continue moving further and further away from its role as a monetary metal (as it is far too industrially useful in soooo many applications to simply sit there) and gold will continue exactly where it is, as the monetary metal of choice for the entire world. Central Banks especially.

 

[explod]

Does that include conspiracy?

Not conspiracy at all, just ask helecopter Ben. "...no it is not money"

 

[explod]

My view is the opposite, silver will continue moving further and further away from its role as a monetary metal (as it is far too industrially useful in soooo many applications to simply sit there) and gold will continue exactly where it is, as the monetary metal of choice for the entire world. Central Banks especially.

Lets talk about this in the silver thread.

 

[Trembling Hand]

Not conspiracy at all, just ask helecopter Ben. "...no it is not money"

So hold on. You said,

It is very contentious as a strengthening gold price is a signal that something is wrong in the system. The Governments and bankers do not like that and you can be sure they have input on the forums.

I just want to clear up your comment. Governments and bankers... have input on the forums such as this in relation to talking down GOLD/PMs?

 

[explod]

So hold on. You said,



I just want to clear up your comment. Governments and bankers... have input on the forums such as this in relation to talking down GOLD/PMs?

Strewth, its hard to break rocks.

Talk to any banker about gold and they think you are crazy, I have had the experience and others I know have too.

There is always that hint on the news at night, Craige James of Comsec, Olliver from AMP and Collier on ABC not much better. And it gets through to the public interested in finance, sort of the feeling and you can just feel this type of influence coming out by the different nuances of posters here on ASF.

Just like the local solicitor in the film The Castle "Your Worship its the vibe, yes the vibe that's it your worship and I rest my case"

 

[Trembling Hand]

Talk to any banker about gold and they think you are crazy, I have had the experience and others I know have too.

There is always that hint on the news at night, Craige James of Comsec, Olliver from AMP and Collier on ABC not much better. And it gets through to the public interested in finance, sort of the feeling and you can just feel this type of influence coming out by the different nuances of posters here on ASF.

Are you serious?

I can only from my poor memory think of two posters that don't think Gold isn't the ducks nutz. Me And Tysonboss.

Just LOL so I'm influenced by Craige James, Olliver because I don't agree with you.

I get it. I'm a Gold Denier. :evilburn:

 

[explod]

Are you serious?

I can only from my poor memory think of two posters that don't think Gold isn't the ducks nutz. Me And Tysonboss.

Just LOL so I'm influenced by Craige James, Olliver because I don't agree with you.

I get it. I'm a Gold Denier. :evilburn:

Now you want to work the man again.

I do not have any idea on your real thoughts on gold because they have not been expressed.

I was trying to explain some of my not so thought through shorthand comments.

Will try to elaborate more in future.

And we are off topic again

 

[Trembling Hand]

Explod for some reason you see nothing wrong in making blatantly wrong and completely unproven statements then get upset when called to clarify.

Do you know how hard it is to discuss a difference of opinion with someone who makes **** up. Its hardly conducive to a good and on going discussion.

 

[explod]

Explod for some reason you see nothing wrong in making blatantly wrong and completely unproven statements then get upset when called to clarify.

Do you know how hard it is to discuss a difference of opinion with someone who makes **** up. Its hardly conducive to a good and on going discussion.

I do not make things up, (and you're swearing again too)

Give an example of something I have made up and will gladly try to clarify.

And having worked in the past with lettered Sociologists (one with whom I still fraternise) I can inform that the media propaganda is something that is massaged by those in wealth and power to gradually influence government and public perceptions. And as you ought to know we are now getting into an area, though seen as subjective it is an objective science, in which it can takes books to explain.

As in religion brainwashing is alive and well.

This needs to go to my Gobbledygook thread and be on topic

 

[Trembling Hand]

I do not make things up, (and you're swearing again too)

Give an example of something I have made up and will gladly clarify.

The Governments and bankers do not like that and you can be sure they have input on the forums.

This is utter BS

 

[tinhat]

Yeah glad your reminded me of Super. That is, for most people, "buy the DOW and let it run forever" with the added cr@p of all the gov rules. Which is exactly why I stopped taking money out of my business as wages a long time. Once I do that I was getting what I considered a 9% extra "tax".

That statement doesn't make much sense to me. Super is a massive tax break, not an extra tax. If you are running your own business then you have lots of flexibility to maximise that tax break. You can salary sacrifice and only pay 15% tax on the income you contribute and then you only have to pay 15% on all the earnings while they are accumulating in the super fund. You can manage your own super fund and you are in complete control of your money. You can buy gold, stamps, what-ever is a reasonable investment. I think our SMSF cost around $2,600 last year to run (for two people) and that included an actuarial certificate which you wouldn't need.

The one risk is the risk of regulatory changes in the future. The degree to which you are exposed to that depends on your age.

 

[skyQuake]

Given a smack tonight. Copper, Euro same thing.
Behaved beautifully technically - Bounced $20 from the 1707 low.
These are the nights worth staying up for!

 

[Trembling Hand]

That statement doesn't make much sense to me. Super is a massive tax break, not an extra tax. If you are running your own business then you have lots of flexibility to maximise that tax break.

But Tinhat that is actually my point. Just because something is a reasonable investment, super, gold, whatever doesn't make it a better investment than what I'm doing.

You think paying money from my business capital which is taxed @ 30% yet completely free for me to do as I please, into a restricted fund for 30 years which I cannot use for my business to be taxed at 15% and earn a reduced return is wise? Its not, not on the numbers alone let alone the fact that the money is not mine for 30 to god knows how long years.

And thats my point about gold/silver "investment" it may be/may have been a good investment, its just that I believe it will not be the best investment for my business capital.

Not yet.