I'm not asking about the price - just: what do you think, are there any perspectives at least for stagnation? It looks so bearish now it wouldn't surprise me if it would continue falling. 2016 is the year that might bring higher US dollar interest rates...
Looking pretty bearish considering none of the following had much impact Gold and silver fixes ended Germany (attempts) to repatriate its gold Gofo rates turning negative for first time since Lehmann $18tr+ US debt US Gov shutdown Haircuts in Cyprus Grexit QE x4 Billy Meier predictions coming true Gold Smuggling in India at All-Time High Swiss depeg And I think at some stage the Comex ran out
How weird, isn't it? It looks bearish, very bearish, no matter how many "shocks" occurred. The recent Chinese market problems didn't cause it to rise either.
Good point Considering Gold is a store of value and a hedge against an exploding devaluing monetary system you might want to include price other wise there is no point of reference or context for comparing its current and future 'trend' And frankly if we don't discuss price and value......why bother? Now what I really wanted to talk about was 'Pork Bellies' REDBACK
Ps this trend dates back thousands of years And I know for sure Central banks around the world categorically believe the out look is Bearish....or was that scare-ishhh I get the two confused REDBACK
I ain't got time to wait thousands of years for the next up-trend. I'll probably piss someone off and get killed long before then :lol:
The trick to getting the perfect crackling on a pork belly is to rub it in oil and plenty of salt and make sure the skin is scored with a knife and that it is dry. Make sure the salt gets right into the slits of the scored skin. The fat under the skin reacts with the salt and that is what makes the skin puff up and crisp up. If you don't rub the salt in properly the crackling will have that chewy texture.
Gold is no more a store of value than any other form of exchange. It is only confidence which determines the stability or lack of it. Confidence is a function of many influences. As for gold, it would now buy just over half the pork bellies you are interested in when compared to its peak in 2011. That is an extremely poor store. The U.S. dollar can now buy nearly twice as much gold as it could 4 years ago. Nothing is fixed for any length of time. If you go back to 1980.... 35 years ago.....you will find that gold is one shitty store of value.....35 years is close to the investment life of an adult male....if you invested in gold at the age of 25 in 1979 then you are wayyyyyyyyyyy behind.
Despite the bullish forces in 2014 (and there were plenty of them), I can hardly find any reason for gold to start climbing or to "recover" in 2016. I honestly think it will fall lower, unless something affects the dollar negatively. What could be the strongest force behind the bearish trend is lack of investor/buyer confidence. Right now I think the best reason for buying gold is to have it when you're old and out on pension.
I'm not surprised that gold is in a bearish trend. Nor should you be if you are looking at gold in terms of the US dollar. If you look at Gold in terms of the Japanese Yen it is not in a bear market.
^ True, I do those things too. There was a time not long ago when besides the dollar price, only in Thai baht did gold continue sinking. But right now the EUR price also turned negative, despite the spike following the "EU qe".
Precious metals buying / selling is driven largely by investor sentiment, as I understand it. The 'value' of any commodity or asset is based on the collective valuation humans attach to it. So for example, if no one had any use for coal, silver, or chihuahua feces in year XXXX, then the value of any of those things would be a direct reflection of the complete lack of sentiment by humans collectively in them. There is no such thing as intrinsic value of silver, coal, or chihuahua feces while there certainly is intrinsic properties / characteristics of each that humans may attach value to. I believe that we will see greater sentiment toward owning precious metals in 2016 than we have arguably had the past several years because of the congruence of many factors (including those listed by House). Investor money will go somewhere and I'm betting that less of it will go into the paper casino and more into precious metals in 2016. Now that doesn't mean that I believe silver will shoot to a billion US $$ an ounce or whatever permabull crap we've heard in the past. No, I'm a realist. We can have increased sentiment, higher relative spot prices without there necessarily being a 'shoot to da moon' dynamic in play. But of course, major unexpected global events can change that...you know, a black swan type event. .
An economic collapse is still very possible, and until it isn't, gold is good. It's about safety, not profit.
Now my mind has gone a little fuzzy , but exactly how well did gold do in Argentina during their collapse? Were they swapping gold for food? or was it as i seem to have a feeling more along the lines of fuel, food, and small electronics that TRULY HAD VALUE. I find it a little amusing that many here claim silver and gold will "protect"them during an economic collapse,YET we have seen economic collapse in other nations and silver and gold have NOT been that protective panacea we all expected. But i guess it is "always going to be different for us" , aye
So many rebuttals... Where to start To the above as you are aware Ferfal I think that's how you spell it has already documented golds roll in the Argentinian collapse on a local level. Interesting read. REDBACK
That is right. It is funny how so many countries that suffer an economic meltdown adopt the U.S. dollar. That is the citizens, of course, and not the actual governments.
