It's going to fall. The shite fight in Europe and the Yen will push the USD higher plus...The "Yellen" effect. I think we will see a rising USD (Last time) and a huge upswing for the stockmarket. Like it or not...Europe is not the place to be...Japs are screwed...PIIGS have spewed. That German chick is goin to be hanged! Turkey is going to explode. Russia is smiling and waiting to land grab and expand their energy into Europe. OPEC are confused as to what their objective is. The banker holding fracker debt are pressuring OPEC. Frackers are F..ed And...Clean energy is a Tsunami like March 2011 The miners are screwed especially the specs. imo...you should have bought a few ounces of silver in Nov 2015 and now you should be stacking cash...cash and more cash. What I think will happen...in brief...is a European shite fight and a cap withdrawal to the USD. You'll see Turkey turn to civil war and it will spread to all of Europe. The hatred against Muslims is fearce and just as we saw in Bosnia, we will see death.
Dragafem - swap gold for ? AU$ that is falling faster than a hooker's knickers on payday in Kalgoolie? I think one has to be very careful here before doing anything ? The world is getting to be a very dangerous place and money is front and center of that problem.
Bron has done a great post on potentials here: http://research.perthmint.com.au/2016/01/14/the-two-ways-gold-could-repeat-the-1970s/ and counter arguments on the link as well.
I hope silver follows gold up. I hope I'm still alive to enjoy it in 8 years time. I hope the next two Star Wars movies are good.
We'll probably see $1700 before we see the $800/$900/$1000 that all the gold bears have been calling for the last 6 - 12 months. I've already sold a portion of my holdings, now waiting for a higher price so I can recoup some of my $$$ and invest it in something that may provide a passive income. :lol: My $1600 sell point has already been crossed a good half dozen times I'd say in that time, no reason to suggest we won't see $1700 AUD.
I think I see your point. It is also a thought which has dogged me of late. What if the low is not yet in but the conditions are right for the price of gold to rise dramatically for a period of time? That will make my head spin.
Of course. Young people want to live in the inner-city, I'm going to help them by buying inner city RE and renting it to them. They do their bit by paying me rent and helping me to pay down the mortgage, I do my bit by risking my capital, and the tax system does its bit in providing me with an opportunity to claim some expenses as deductions, and if it all goes to plan I've paid the place off in 9 -12 years.
And if it all goes to plan my wife and I should be earning about the same per year as if we were on the pension. I should just retire at 60 and go whoooppeee with my super.
thanks for the explanation.I just thought that your desired (selling)level has been reached you just raise the level again-which would mean you have no intention to sell gold at all which I would fully understand.
