Like I said, for those that care, the truth is out there to be understood. I even included a whole bunch of links which explain this topic far better than I ever could (for those actually interested in understanding, won't provide much value to idiots).
But most people are sure they know and understand everything. So why bother researching? Just make useless forum posts about something you apparently don't even care about. That'll show 'em!
Perhaps you feel like concepts which can't be spoonfed to you in the form of a simplistic forum post wouldn't possibly represent reality.
They do.
But is a productive asset not better insurance? Unless you think a monetary mishap is going to destroy the physical productive economy and if that does happen then what does your gold buy? Liquidity insurance maybe?
I haven't delved into the intricacies of the gold market as deeply as your good self, nor have I read all the articles for which you've helpfully provided links.
Would you be willing to provide a brief summation on the perspective/s you've gleaned from digesting those articles?
I'm interested to see if any of them touch on one of my fanciful theories about the driver/s behind gold's price behavior in recent years.
I trade the gold price and not hold the actual although I did go detecting out Warwick way when the price was near 1k/oz. with no result. I like the look of the stuff and feel special to hold the physical but can wait 'till price is below US800.But most people are sure they know and understand everything. So why bother researching? Just make useless forum posts about something you apparently don't even care about. That'll show 'em!
I haven't delved into the intricacies of the gold market as deeply as your good self, nor have I read all the articles for which you've helpfully provided links.
Would you be willing to provide a brief summation on the perspective/s you've gleaned from digesting those articles?
I'm interested to see if any of them touch on one of my fanciful theories about the driver/s behind gold's price behavior in recent years.
I have around 1-1.5% in physical gold claims.
Thanks for that. Please accept my apologies for having overlooked your earlier post.I already did in post #11195...
How timely:
What is the country with the largest foreign reserves in the world doing with these assets?
China has just released details into its gold reserve holdings. This from today's FT:
"China ended years of speculation about its official gold holdings by revealing an almost 60 per cent jump in its reserves since 2009."
"The purchases show how China is seeking to diversify its reserves away from the US dollar, at a time when the price of gold is falling.
" 'Gold has a special risk *return characteristic, and at specific times is not a bad investment,' the People’s Bank of China said."
From the PBOC
Gold as a special asset, with multiple attributes financial and commodities, together with other assets to help regulate and optimize the overall risk-return characteristics of international reserves portfolio. From the perspective of long-term and strategic perspective, if necessary, dynamically adjusted international reserves portfolio allocation, safety, liquidity and increasing the value of international reserve assets.
In a rare comment on gold, Yi Gang, the central bank’s deputy governor, said in March 2013 that the country could only invest as much as 2 percent of its foreign-exchange holdings in gold because the market was too small. The press office of the People’s Bank of China in Beijing didn’t respond to a fax seeking comment sent on April 14.
"There was some heavy selling on the Shanghai Gold Exchange this morning," says ANZ precious metals analyst Victor Thianpiriya.
"Half an hour after the market opened we saw 5 tonnes of gold sold through the Shangahi gold exchange, which is way above normal levels.
"I don't believe this was a result of fundamentals. Silver prices usually move in tandem with the gold price. That wasn't the case this morning.
The market was expecting the Chinese reserves to be a little more than what was announced. The announcements are lies so you shouldn't take any notice of them any way.
Anyone still thinks gold is a buy after the flash crash Shanghai open?
Yep.
Anyone still thinks gold is a buy after the flash crash Shanghai open?
Is that a yep to all time frames?
China will be buying and when nobody thinks inflation is on the cards anytime soon that's when the ugly duckling will rear it's head and that's alot harder to control than what the Central Banks have managed to control so far.
Anyone still thinks gold is a buy after the flash crash Shanghai open?
I felt tempted to write yep and leave it as that
But its prob only a short term bounce. Feels like a HK/China fund blew up today...
A close reading of Google’s report reveals that the price of their main product – paid clicks – is dropping like a stone but that doesn’t matter either. What matters is that Google is working on all kinds of cool things in secret and that their new CFO was able to restrain expense growth to a paltry 13%. Yes, Google sells for 33 times trailing earnings and is growing at about 15% but still it made perfect sense for the company to gain $67 billion in market cap in one day based on that stellar performance. As for Netflix, with its 300 forward P/E, the only metric I could find in the report that was also triple digits was their cash flow. Unfortunately, it is negative and grew more so by a factor of 3.
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