Published today in the West Australian Is this the Australian version of the Warren Buffet and Charlie Monger knock gold show Please explain how printing cash can increase its value ???
In a way I sort of happy for the gold bashers. They've been wrong for 12 years in a row and its time they caught a break. I mean, you would have been better off flipping a coin each year to work out whether to buy gold than listening to them as you still would have been wrong 50% of the time.
Now by comparison the ASX over 2 years Let us look at the gold price 6 months, 1year and 2 years It looks very healthy - does this look like a poped bubble or a massive failure ????
when I read this kind of stuff it makes me so happy I crank up the stereo and dance in my living room.
That opening sentence makes absolutely no sense whatsoever. Then it goes into some quite well written paragraphs...then bunkum again. I sus[ect the authour has plaigarised a bunch of well written gold bear articles..then patched it together with a few ill concieved notions.
They know the debt ceiling issue will create a spike in gold prices like last time. They are doing whatever they can (such as recent fed minutes and this article ) to knock the price down now so it has less chance of hitting another nominal high. Gotta keep the masses mind & money on something else.
This is what I think too. Reminds me of this: I've also began thinking, perhaps they want to artificially synchronise the rise/fall of PMs with the rise/fall of stocks. This might seem like a stupid idea on the face of it, but psychologically, or at least for the analysts, it could create an environment where PMs are less seen as a safehaven, and more seen as a speculation, like stocks. Just a thought anyway. Edit: Also, if PMs rise/fall with stocks, then it will be far easier to argue that stocks are superior as they provide a dividend and supposedly contribute to the economy.
And on the next page ....hot share of the week to buy.... wait for it ...... Fortescue Metals Group ?????? Don't they owe Goldman Sachs $3 Billion who bailed them out of impending bankruptcy just a few months ago....This is investing advice from the very best shills.
It's in the interest of the central banks to have gold as low as possible. Simply by putting out meeting minutes suggesting ending QE means the end of gold ? Oh puh-lease !
Its good if you already had your position & you didnt buy any last year .If you did buy then its a totally different story & your spreadsheet would show different figures than that.....unfortunately Im sure its negative % for some . All you can do is hold it for another year & see what happens
