Are we going to miss gold's next move

Discussion in 'Gold' started by SilverSanchez, Apr 30, 2011.

  1. SilverSanchez

    SilverSanchez Active Member

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    Because we are obsessed with silver?
     
  2. boneyard

    boneyard Well-Known Member Silver Stacker

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    Gold in $AUS is cheap due to the exchange rate.

    Gold hit $1550 in $AUS last year.

    Now $1400+

    Gold hits new record in $US

    Keep an eye on the GSR

    Yes, there is more than Silver in PM's.............
     
  3. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    It's just that gold has been going nowhere for the past two years now.
    Anybody buying gold now in preference to silver needs their head read.
     
  4. bsides

    bsides Active Member Silver Stacker

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    not so sure about this. on the contrary, imho now could be a great time to buy gold because it has been consolidating for 2+ years
     
  5. Nugget

    Nugget Well-Known Member Silver Stacker

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    [​IMG]
    Source: goldprice.org


    http://img848.imageshack.us/f/gold1dousd.png/
     
  6. rbaggio

    rbaggio Active Member Silver Stacker

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    You have said this more than once now on this forum.

    People buy different precious metals for different reasons.

    Your reason is not always correct.
     
  7. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    That is true but silver was "consolidating" for many decades... it's kinda like a giant spring that has been forcibly compressed for all that time, and its now free to find it true potential ... leaving gold far far behind ...
     
  8. goldpelican

    goldpelican Administrator Staff Member

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    Note the correlation with gold and the AUD - it's the worst performing when measure in AUD.
     
  9. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    My reason is to leverage my capital as much as possible by buying as much as i can of the most undervalued asset...

    what's yours?
     
  10. Trichter

    Trichter Member

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    We don't need you with all your confusing numbers & facts, Nugget.

    Seriously though, I would like to see that chart extrapolated a few years further back, because the ten year bull market looks great but hides the earlier doldrums.
     
  11. rbaggio

    rbaggio Active Member Silver Stacker

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    How about wealth protection?

    Next?
     
  12. bsides

    bsides Active Member Silver Stacker

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    imho we should all think this is a good thing. happy for gold/silver to go nowhere in price, and have a stable currency that holds it's value, or even appreciates. while we all want to make a few $ from our investments, i think sky-high PM prices would bring dire consequences for our standards of living and society as a whole....

    happy to have the insurance policy. like we might insure our houses for hundreds of thousands of dollars, but we don't want them to burn down and take away all our memories, photographs, lives, etc, just so we could get the cash...
     
  13. goldpelican

    goldpelican Administrator Staff Member

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    My gold purchases are essentially 50/50 wealth protection and future home purchase. My entry price per ounce is also a lot lower than having simply bought gold outright - I bought pretty much only silver when the GSR was obviously showing silver undervalued at 70+, and have converted much of the "profit" into gold.

    I don't own PMs for a single exclusive purpose - there's a number of good reasons to own PMs, and different portions of my stack correspond to those reasons.
     
  14. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    That's a very noble cause i'll confess.

    However, i prefer to first BUILD my wealth substantially BEFORE i worry about protecting it ...
     
  15. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Exactly.

    Those looking at gold vs US dollar are kidding themselves as all they are seeing is US dollar becoming weaker, not gold becoming stronger.

    A true measure of gold's performance is the constantly shrinking GSR which unequivocally shows silver appreciating in value relative to gold (and everything else of course)
     
  16. goldpelican

    goldpelican Administrator Staff Member

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    They're not kidding themselves if they're planning on using their gold to buy USD denominated assets in future ;)
     
  17. euphoria

    euphoria New Member

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    I'd be happy with 11% compounded every year!
     
  18. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    Even if the USD prices of said USD denominated assets are increasing at the same or higher rate than gold is?
     
  19. Dwayne

    Dwayne New Member

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    What assets are these that are rising like that? You also need to consider the concept of risk adjusted returns.
     
  20. dccpa

    dccpa Active Member

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    GP, I have some property on the Arkansas River you might be interested in. :)
     

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