http://www.theaustralian.com.au/bus...estors-dump-gold/story-e6frgac6-1226593541619 I guess i'm a contrarian too
So - the main stream media, who can be trusted in all things </sarcasm> want me to believe I should be selling my gold... This against 5000 years of history in saying "It has lost it's precious metal status". Someone give me that reporters phone number please, I have a bridge I think he'll be interested in buying.
I got no problem parting with Fiat for gold at this price or lower.....imho price smackdown part 2 is not far away. Happy stacking
If you wait for $1000 per oz lol you may miss the boat with news like this http://www.marketwatch.com/story/the-secret-bull-market-in-gold-2013-03-06
http://www.perthmintbullion.com/au/...vestors_when_it_comes_to_precious_metals.aspx Buyers in Asia are "canny" investors when it comes to precious metals March 11 2013 Topics [ buy silver online buy gold online ] Posted By Stephen Ward IN THE NEWS Do you buy precious metal when the market is rising? Or do you see opportunity when prices correct? According to Bron Suchecki, Perth Mint Manager, Analysis and Strategy, Asian buyers of gold and silver are more likely to fall into the second category. Asked by Tekoa Da Silva on Bull Market Thinking what interesting things he's currently seeing from China and India in terms of demand for coins and bars, this is what Bron said: "They will desert the market if prices move up, [but] will come back in when the prices correctWhen they feel the gold price has formed a new basethey'll see that as the new bottom, they'll buy that bottom, and they'll demand returns. [That's when] we have bullion banks calling us up desperate to get kilo bars." It's a totally different approach to one often witnessed at The Perth Mint, as Bron explained: "That contrasts a lot with what we see as a retail client mentality - which is when the price is going up they buy, because they like to go with the trend and need to feel confident that the trend is in their favour, and when the price starts to fallthey sell. "[So] the Indian and Asian buyers are more canny, and really operate in reverse." You can listen to Bron's full interview here: http://bullmarketthinking.com/wp-content/uploads/2013/03/bronsuchecki.mp3
Ha ha it sounds like they were about to write just the opposite. As the global economy moves deeper into sh*t Lol
Perhaps this should read "confident mom and pop and other bottom of the food chain investors dump gold while central banks, China, India and Russia by gold hand over fist".
Forget about the bridge, I've got a deceased (twice removed) cousin who was a Nigerian prince and left an unclaimed fortune.
This is very interesting. To me that shows that bullion banks (you know the guys who issue you paper gold/silver) don't have anything/much in stock. What'll happen if Bron doesn't have kilo bars in stock when they called either?
Morning all, ".......s losing its fear factor appeal as the global economy moves deeper into recovery territory. The chances of further economic catastrophes in Europe are slowly receding, and the US recovery story........" Agree with above posters plus. " ... Chances of further economic catastrophes in Europe are slowly receding......" Who are these wankers? One visit to Spain, France, Italy, Greece etc. and don't even think Cyprus says that people who think the risk of European financial catastrophe is going away are in la la land. Don't people going hungry and without homes and rioting mean anything anymore? Doesn't cross country mumblings of one nation blaming another mean much anymore? Doesn't money leaving countries mean something these days? Doesn't nations talking about bringing in capital control mean that complete poo is a big big risk and you need to cover your bum before we have disasters like we used to? What sort of world do these authors live in? Alcohol, drugs? Crushed lettuce leaf juice and meditation classes? Europe is in dire straights and getting worse - they have the devils choice - support the weak countries as long as possible and hope like hell it is all a bad dream and we wake soon - or let em go and devastate us all? Only problem is that option one there is not enough resource to keep the ball rolling - it must hit a wall. We are priming for one thing only. War. I dip my lid that they are trying so hard to avoid it - but, one way or another, a wall we must hit. I don't know what will happen with bonds. Ditto stocks Ditto currencies Ditto real estate Ditto paper contracts On and on. I do know what will happen with physical pm's. They will still exist and be a store of wealth - how much? Legal? Portable - yes. Hideable - yes. Corrosion proof - yes. Land will also exist - but a lot harder to hide. Try picking up your block of land and carrying it out of Europe? Not easy. Try driving 10 kilos of gold all over Europe and the Uk - dead simple. About bloody time people woke up really. Have a great day all Gazza.
