A word to the wise, don't advertise what you have bought no matter how good it may feel. Heaven forbid that this thread/site is monitored.
Exactly. When Gold was at $US1200 at the beginning of 2010 it was still $1400AUD what with the exchange rate...then if you chose to buy Perth Mint coins you could put a couple of hundred premium on that, so lets call it an even $1500AUD. So in reality...with all the currency exchange fluctuations you've only made an 18% gain. Even with the recent bear trap..Silver's still crapping all over gold. Edit...for clarity...missed the word 'silver' in that last sentence
' The USD is rising because the EUR is falling. The EURUSD is the largest FX pair. if the EUR falls, the USD rises. It is nothing to do with the fundamentals of the USD. FX rates are relative and at the moment the USD is a better looking horse than the EUR. even though the USD is anemic and lame. On top of this The JPY is continually strengthening against even the USD! This is a country with debt/GDP of over 200%, insane deficits, population demogrographic issues with an aging population, just had a destructive as F$%^ nuclear meltdown the consequences of which will persist for years if not decades, and they are still considered better than the USD? Its all noise, there is only one trend that will persist for the forseeable future. gold up. Fiat currencies down.
Do you think he'll be allowed to get his gold? I've been wondering about the mechanisms that may be put in place to prevent him getting his gold
Probably not. But we, in all likelyhood, won't know for sometime. It takes time to assay all those gold plated tungsten bars.
A swap into platinum probably counts right? Indeed, just like you know I believe in productivity being #1