Why's gold sinking amid the heavy Greece-euro crisis?

Discussion in 'Gold' started by TreasureHunter, Jul 8, 2015.

  1. TreasureHunter

    TreasureHunter Well-Known Member

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    Gold should have attracted strong save haven demand, but instead it sunk.

    Greece's crisis seems more serious than ever before and it could ignite a domino-effect, propagating to neighbouring countries.

    But gold went down...

    Manipulation?

    German investors are buying bullion (Kitco.com):
    http://www.kitco.com/news/2015-07-08/German-Investors-Buying-Bullion-As-Safe-Haven-Asset.html

    And now the Chinese market's down too...?

    Silence before the "storm"?

    Is anything at least edging towards "the fan"?
     
    TreasureHunter, Jul 8, 2015
    #1
  2. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Once USA stocks start dropping like silver....it's game on.
     
    -j-p-shmorgan, Jul 8, 2015
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  3. sterling-nz

    sterling-nz Well-Known Member

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    Or may be gold is not the safe haven it used to be.
    Is it possible that after all the work done to dissuade people from holding "this worthless old relic" has finally sunk in?
    May be the TRUE safe haven of today after the USD/YEN is real estate .
    After all many many countries are have been going through property booms, and it may be that these are not "bubbles" but the safe place to be in our modern world.
    The population everywhere are increasing and we need somewhere to live.
    Where as once we had a relatively rare commodity in gold to hold for value , they are finding new ways every day to extract MORE AND MORE GOLD from the ground and may be gold is not as rare above ground as it once was and people know this.
    Because even 5 years ago gold would have been the goto.
    The modern world >>>>>
     
    sterling-nz, Jul 8, 2015
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  4. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    just wait until the chinese in buying spree on gold...
     
    bubblebobble2, Jul 8, 2015
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  5. Peter

    Peter Well-Known Member

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    Golds priced in usd and usd are going up.
     
    Peter, Jul 8, 2015
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  6. The Crow

    The Crow Member Silver Stacker

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    ^^^
    Has anyone created an index of gold price in other currencies so that we can distinguish between the affect of the US dollar price and the actual price of gold for the rest of the world?
     
    The Crow, Jul 8, 2015
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  7. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    ...with all their stock market profits ;)
     
    SpacePete, Jul 8, 2015
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  8. silverreef

    silverreef Well-Known Member Silver Stacker

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    They can buy all the gold that's available
     
    silverreef, Jul 8, 2015
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  9. billybob888

    billybob888 Well-Known Member Silver Stacker

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    Usd is up and price in usd is falling, gold is still rising in terms of aud.

    Given the supposed fed rate hike, i think people are anticipating deflation where price of everything falls including gold.
     
    billybob888, Jul 9, 2015
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  10. -j-p-shmorgan

    -j-p-shmorgan New Member

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    This is what's important.
    Although....I must "LOL" at dollar strength.
    What an oxy moron. lmfao
     
    -j-p-shmorgan, Jul 9, 2015
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  11. TreasureHunter

    TreasureHunter Well-Known Member

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    Why say the same thing twice when it wasn't wrong the first time? :p
     
    TreasureHunter, Jul 10, 2015
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  12. -j-p-shmorgan

    -j-p-shmorgan New Member

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    Funny thing about the rate hike....it only affects the rich.
    Think the interest rate matters to the middle or lower class? IT DOESN'T.
     
    -j-p-shmorgan, Jul 11, 2015
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  13. Revils

    Revils Well-Known Member Silver Stacker

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    Not all populations are increasing; check out Japan's projected negative growth for example.
     
    Revils, Jul 11, 2015
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