It's okay, I just did and ordered 100oz of Gold.jpanggy said:
:lol:
$1800 gold
- Thread starter rbaggio
- Start date
:lol:
Silverthorn
Well-Known Member
Who stole the dip? Next angel's at 1936. 
Goldmember
Member
"Like a hot knife through butter"....hey ppl?
jpanggy said:
Exactly.
When Gold was at $US1200 at the beginning of 2010 it was still $1400AUD what with the exchange rate...then if you chose to buy Perth Mint coins you could put a couple of hundred premium on that, so lets call it an even $1500AUD. So in reality...with all the currency exchange fluctuations you've only made an 18% gain. Even with the recent bear trap..Silver's still crapping all over gold.
Edit...for clarity...missed the word 'silver' in that last sentence
Silverthorn
Well-Known Member
Clawhammer said:
Only if you bought the spike when the dollar dropped. That was only for a few months.
'Amalgam said:Sargeant Argent said:
I'd hardly consider myself an economic guru, but following the US credit downgrade, the prices of US Treasury bonds (ironically the very instrument that was downgraded) have INCREASED in price/lowered in yield, reflecting the consideration that they are also still considered a safe haven. These are of course denominated in USD, hence it would rise.
There's an interesting tug of war going on here, where both PMs and Treasuries are increasing in price. They both can't be correct: purchasers of Treasuries would profit from a decrease in monetary supply, which is happening now in USD due to deleveraging, as currency is destoyed while loans are paid off - essentially placing a bet on deflation. Gold is the opposite, it is a bet on inflation, essentially that central banks will crank the printing presses into overdrive to prevent deflation (which they will, as deflation increases the value of debt).
I know what side of the fence that I would like to sit on.
^Of course, the above might just be a load of uneducated crap though
The USD is rising because the EUR is falling. The EURUSD is the largest FX pair. if the EUR falls, the USD rises. It is nothing to do with the fundamentals of the USD. FX rates are relative and at the moment the USD is a better looking horse than the EUR. even though the USD is anemic and lame. On top of this The JPY is continually strengthening against even the USD! This is a country with debt/GDP of over 200%, insane deficits, population demogrographic issues with an aging population, just had a destructive as F$%^ nuclear meltdown the consequences of which will persist for years if not decades, and they are still considered better than the USD? Its all noise, there is only one trend that will persist for the forseeable future. gold up. Fiat currencies down.
Ilikemetals
Member
RetardedMonkey said:
100oz is intense!!
projack said:
Magnificent! Love your work!
RhythmDoctor
Active Member
What. A. Beauty.
When I grow up... I want one of those... (smiles a very smug 'getting there' smile)
When I grow up... I want one of those... (smiles a very smug 'getting there' smile)
MatrixOpals said:
Nope. I'm not sharing.
Do you think he'll be allowed to get his gold?hotel 46 said:
I've been wondering about the mechanisms that may be put in place to prevent him getting his gold
