Hi everyone! Well I was just thinking...as I do... and I thought to myself, is it possible that gold ever DROP in price, down to around the $1000/oz mark or even less? After all, who knows what may happen down the track? For all we know, there may be a new world order/new standard world currency introduced and PM prices may drop. OR, maybe America recovers from its trillions of dollars of debt through some universal act of kindness (eg. China pardons the debt UNLIKELY, or good old aussies and other countries feel especially jittery and warm one morning and lend over some millions of $$ each) - but just saying. My point is, nothing is impossible. So, is it maybe possible that gold DROPS hugely in price in several years time ... it may have dips and highs, but who's to say we cant see a massive dip sub-$1000 in the near future? I believe gold has a LOT more to potentially drop than silver does. Ie. If gold drops, it can drop by hundreds and hundreds potentially. A corresponding drop in silver would be maybe by $10 or something, which would be much easier to recover than recovering hundreds for gold. I may be wrong, after all I do understand that its all percentages. This is not so much about silver versus gold. Its more a question of, would it be wise to consider the potential for gold to drop before buying at $1600+ per oz?
Nothing is completely safe. Gold is the safest thing there is. Silver is speculative and liable to drop much more than gold in bad times. What sort of times do you think are coming?
Gold could go to $0. If there is no inventory in the bullion exchanges and any contract taken out had 100% chance of being settled in cash at a time when inflation is running high there would be no bids at all and thus a $0 price.
Exactly. Every investment carries risks that the investor is willing to expose themselves to for the benefit of their projected return. In my case, ATM, I can't find a better place to stuff my hard earned than PM's. If you are looking for reassurance of your investment decision in PM's you will certainly find it here. You should be subjective and form your own opinion. It is easy to lose perspective on this forum and dismiss any possibility other than 'PM's as a sure thing'.
I can tell you one thing - gold is a lot safer than gold mining stocks, and there're plenty saying to buy those now. The safest is probably a diversity along the line of Marc Faber's recommendation: cash, gold, dividend paying stocks, real estate with cultivatable acreage.
Of course it will depreciate. No questioning. Timing is important. Better hope you are not doing a number two when margin calls. Given context; that is not true. Oxygen, food and water are 'safe'. Only essentials for sustaining life are 'safe'.
Every 'investment' has risks. It's really part of the definition of investment. Even cash in the bank has a risk. Buying property has risk. Buying PMs has risk. Buying stocks has risks. (in this sense, some would argue that even saving money involves risk) It is the responsibility of each investor to assess these risk for themselves. You'll notice that the forums here (and all over the internet) are alive with buzz of news, discussion and debates. It all boils down to people continually assessing risk. People are continually looking to strengthen or defend their current assessment, or to take on a new information and perhaps change it. So in answer to your question - 'yes'. And duh.
one year salary old money = the cost of one slave but u prolly mean something else... cost = somewhere around $250 USD, but what is that anyway? doesnt include inflation .
Right now,the USA is the largest debtor nation in the history of the human race Whats happening in Europe right now? An interesting video i suggest you watch - shit does happen!:- http://www.youtube.com/watch?v=VK494Judxvg And another: - http://www.youtube.com/watch?v=IWrX6kC9Nhs History is a great teacher. As Peter said: Make up your own mind.
Try and watch the American produced series called Gold Rush based on open cast mining in Alaska. second series has recently been released. After seeing this you will handle your gold with a lot more loving care.
Depends on which ounce you mean. For me, the first couple costs HEAPS , the next ones, pretty well nothing, on a per trip basis.
Ahhh yes, market confidence, just a funny thing. Gold at $1,600 I hear people say "if only it was $1,000 I would load up". And so over 3 months gold tumbles to $1,000 - do they load up? Or is it a case of it may fall further and thus will hold off. Like silver. At $45 and oz buyers were flying in from Pluto to load up. At $28 seems the buyers are in hiding. Momentum is the key. An upward trending price instills confidence in buyers. Downward trending results in panic.
