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.............
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.
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
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.
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 ...
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?
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.
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...
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.
That's a very noble cause i'll confess. However, i prefer to first BUILD my wealth substantially BEFORE i worry about protecting it ...
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)
They're not kidding themselves if they're planning on using their gold to buy USD denominated assets in future
Even if the USD prices of said USD denominated assets are increasing at the same or higher rate than gold is?
What assets are these that are rising like that? You also need to consider the concept of risk adjusted returns.