mmissinglink
Active Member
This is really good news for all of us who are looking to buy....http://seekingalpha.com/article/1479991-dr-doom-has-gold-going-below-1-000-why-his-thesis-is-spot-on?source=email_macro_view&ifp=0
Gold on it's way down to around $1,000 - silver tags along
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But will there be much physical left to buy at that price? The demand when it dropped $200 was incredible, imagine what it'll be like if it drops a further $450+!
China and India are expected to buy at least 2,000tonnes this year at current prices and the worlds largest gold mine will shut down for at least 3 months so there'll be a nice bit of supply strain for a while.
Gold is a medium of exchange in some US states and more are seeking to do the same.
Inflation is falling? I don't see any sign of this... The global economy is recovering? My arse!
And Roubini doesn't seem to have the best track record for making correct calls.
It's obviously still very possible it'll drop to $1,000 but believe it'll be more likely caused by those paper runts molesting the price for some easy profits.
China and India are expected to buy at least 2,000tonnes this year at current prices and the worlds largest gold mine will shut down for at least 3 months so there'll be a nice bit of supply strain for a while.
Gold is a medium of exchange in some US states and more are seeking to do the same.
Inflation is falling? I don't see any sign of this... The global economy is recovering? My arse!
And Roubini doesn't seem to have the best track record for making correct calls.
It's obviously still very possible it'll drop to $1,000 but believe it'll be more likely caused by those paper runts molesting the price for some easy profits.
Typical moron, has no idea why the past happened like it did, but thinks he can predict the future?!mmissinglink said:
Anyone who can tell me where the price is going has to explain $1900
Clive Maund, TraderDan, Endlessmountain and Jim Rogers. Ignore the rest apart from entertainment value
mmissinglink said:
dont kid yourselves, if you did not buy when gold dropped from 1900 to 1300+ in such a short time frame, you are never going to buy even if gold touches 1000 or 100, and you will just rag on about wishing it would go lower when it reaches 2000.
trew said:
Then I will have to take the red pill as I would still be sleeping in the matrix
mmissinglink
Active Member
trew said:
That's absurd nonsense trew. Who, in their right mind would want to buy when the price is highest and hope that it goes down and stays down forever after that???? Who are you kidding? Only yourself.
There's NOTHING at all strange about a person who wants to see gold (or whatever commodity) reach a certain price before they buy more.
mmissinglink said:
I think you didn't get what Trew was saying: you are saying how great it would be for gold to drop to $1000 for you to buy more... Yet that assumes you are hoping it will later go back up once you have purchased!
At the end if the day, hope, wish, want... All BS: nothing matters but the price, see wrcmad's signature.
Matthew 26:14
New Member
Once the initial "bargain" buying subsides and gold holds around the high $1,300's-$1,400 I expect that price to be seen as the "norm" rather than "bargain".
mmissinglink
Active Member
Phiber, I did not misunderstand trew. My comment shows how absurd his assertion is. Why on earth would anyone seek to buy more pm bullion at some point when they think that the value would never go up again after that point? That assertion doesn't make any sense at all.
I NEVER insinuated that if I believed that the value would never again rise that i would buy at around $1000/oz....that's crazy to suggest that i implied this.
I NEVER insinuated that if I believed that the value would never again rise that i would buy at around $1000/oz....that's crazy to suggest that i implied this.
mmissinglink said:
We really need that sarcasm smiley.
The only reason it is 'really good news' is because YOU wish the price to dip lower just so YOU can buy.
But then once YOU have bought, you'll be posting that forecasts of the price going up to $2000 is 'really good news'.
Once YOU have backed up the truck, I don't think you will consider forecasts that the price will fall to $700 to be 'really good news'.
We have seen the frenzy buying when gold dropped to $1300+.
if we do happen to reach the $1000+ level, buy paper gold from reputable and trusted dealer(s). When the time is colling off, then you convert it to physical.
This is what I learnt from the peers here.
if we do happen to reach the $1000+ level, buy paper gold from reputable and trusted dealer(s). When the time is colling off, then you convert it to physical.
This is what I learnt from the peers here.
Morning,
In reality for a true blue stacker, wild price swings for pm's are not good. For gamblers and traders, perhaps, but not a stacker.
A stacker stacks to preserve purchasing power - not for gambling, not to buy cheap, not to sell high - purely to preserve purchasing power and possibly 'store' wealth.
For a stacker to wish for gold to be at a thousand when it is fourteen hundred - this shoots the stacker in the foot.
Of course you could be lucky - but, stackers don't want luck, they want surity.
A stacker should be able to put pm's in the safe or under the bed or wherever they put them and be able to sleep well - it would be nice to know that things are reasonably stable outside and that no one is stuffing around with wild price fluctuations.
Of course, they do and stackers take heart that no matter what, their pm's are resilient and even with wild price cycles their stack will preserve power - it would be nicer however, if the 'price' of the commodity - or more accurately, the real cost of dollars - just went gracefully on whatever trend it should be on - in this time - down for the dollar.
Really, if one wants to buy low and sell high - trading bags of dead flys or spec stocks might be better.
Have a great day all
Gazza.
In reality for a true blue stacker, wild price swings for pm's are not good. For gamblers and traders, perhaps, but not a stacker.
A stacker stacks to preserve purchasing power - not for gambling, not to buy cheap, not to sell high - purely to preserve purchasing power and possibly 'store' wealth.
For a stacker to wish for gold to be at a thousand when it is fourteen hundred - this shoots the stacker in the foot.
Of course you could be lucky - but, stackers don't want luck, they want surity.
A stacker should be able to put pm's in the safe or under the bed or wherever they put them and be able to sleep well - it would be nice to know that things are reasonably stable outside and that no one is stuffing around with wild price fluctuations.
Of course, they do and stackers take heart that no matter what, their pm's are resilient and even with wild price cycles their stack will preserve power - it would be nicer however, if the 'price' of the commodity - or more accurately, the real cost of dollars - just went gracefully on whatever trend it should be on - in this time - down for the dollar.
Really, if one wants to buy low and sell high - trading bags of dead flys or spec stocks might be better.
Have a great day all
Gazza.
mmissinglink
Active Member
trew said:
You don't know that...you don't know me. It's not necessarily true that I will think it's good news that the price goes up after i have bought some metal. Maybe I hope to see prices deflated for 7 years because I am expecting to cash out of a few other investments over the next several years. You don't know. You are making assumptions that aren't necessarily true.
If I believe that the prices coming down is good news, who are you to say that it isn't for me? Stop raining on my parade!
