Gold Price - Where is it heading?

GoldMan2012 said:

:rolleyes

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StevieY said:

Hi All,

Can I just some thoughts on Gold ETFs? Am not sure if its better to buy the code: QAU or GOLD.

I do have some gold mining stocks but thought I get some ETFs as well.

Thanks
Steve

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young-gun said:

If it isn't bullion, you don't own it

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StevieY said:

Hi All,

Can I just some thoughts on Gold ETFs? Am not sure if its better to buy the code: QAU or GOLD.

I do have some gold mining stocks but thought I get some ETFs as well.

Thanks
Steve

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kid hustlr said:

Depends on your goals. GOLD is unhedged whereas QAU is. Will play a big factor.

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StevieY said:

Hi kid hustir, can you explain why QAU which is hedged (am assuming against the AUD$) may be better (or worse)?

Thanks

Steve

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kid hustlr said:

well the hedged option (QAU) will mean you can wake up every morning and simply look at the gold price to see how your investments are performing, the unhedged (GOLD) means that you have the added exchange rate risk involved.

As an example in recent years although the gold price has performed very well, so has the AUD and as such offset some of these gains if you held an unhedged position in gold here in Australia. Off the top of my head I would think QAU has outperformed GOLD by quite a lot in recent years.

One could make arguments either way about which investment option is the stronger one.

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Today renowned silver market whistleblower Andrew Maguire spoke with King World News about the state of the physical gold market and said that several billion dollars of paper selling from government agents was used to smash the gold price yesterday. Here is what whistleblower Maguire had to say: “Gold is actually a currency, and it’s (the gold market is) intervened (in) by the government agents, which are the bullion banks. Yesterday, clearly they (the bullion banks) sold gold in defense of the dollar.”

Maguire continues:

“Keep in mind that $3.5 billion of paper gold was actually cleared in London yesterday. This selling was coordinated by the same bullion banks that are also active in the Comex. At the same time, they are rigging enough of a decline to cover shorts into capitulating longs on the Comex market.

But the Eastern central banks are simply sitting back and allowing this defense of the dollar to occur. They know what’s going on....

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Uncle Festivus said:

Interesting shenanigans in gold, again - 'renowned' whistleblower spills the beans.......


So it stands to reason that a good chunk of the fresh QE would go towards the playtime games of the 'fiat defenders' dogsbodies?

So do we just lay back and think of England (or the LBMA to be more precise) and wait for the explosion higher when all the games are done?

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Uncle Festivus said:

So do we just lay back and think of England (or the LBMA to be more precise) and wait for the explosion higher when all the games are done?

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Joules MM1 said:

i think it's important to keep in mind that first one cannot beat the supply/demand equation and two when there are simply more active sellers than exhausted buyers a substantial decline can ensue....while that's true a group of like-minded traders can pick their spots to lean on price in either direction......as it's a fair-go fair-game auction process both camps get to play ball it's just who can best run the numbers or interpret the quickest and proactively trades with that interpretation......afterall, least ways from my pov, we're jsut seeing money chase money in both directions.....

thanks for the convo, Uncle and seasons goodness to you ....looking forward to another rocketing incline soon

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A rare look inside a Swiss gold refinery

http://www.bbc.co.uk/news/world-europe-20797917

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