I can't remember if it was actually him or someone else or even if it was ever said by anyone at all. Sorry, using my google-fu skills right now to dig it up. I thought someone might recall but looks like not so I may be mistaken.
dont worry about top callers,oil went from 8 bucks to 140,17 times it beginning.beginning of bull in ozzie dollar was $400. Times that by 17 you get $6800 australian. thats without any hyper-inflation
Discredit gold ? I have a fair stake in gold hiho im just stating the facts Work out a % of gain with your $ invested . I think you will find you could make the similar money in the bank .I dont see anybody cheering the bank interest rates
WTF? According to Kitco gold in AUD is up 18.5% YoY; over 16% in the last six months. Even ignoring the rise in the last 24 hours it has performed well. http://www.kitco.com/gold_currency/charts.htm?AUD Any banks offering at-call rates of 18.5%? Or even half that? And the government isn't skimming off 30-40% in taxation either...
Gold and silver have two different roles in my portfolio. The more educated I become on monetary affairs, the more I want to hold my wealth in gold over silver.
Take the last couple of weeks out of the equation then calculate with a lump sum invested calculated daily paid mothly & compounding the balance I think you will be surprised at the sums. So you dont take into consideration CGT on the sale of your gold as a tax?
because its an anomally .When it spikes like that it can go down just as fast. so in a few weeks if it stays there il be happier & might be cheering but for now im not
Mind you, what you are calling an anomaly is actually reality. If you remove it what you have left is not reality. The price "spike" is really happening in the real world. It may not even be a spike. Why not take it into account?
