Media Watch - Keeping Track of Gold and Silver Mainstream News

Can any overseas SS members tell us if they get similar 'at close of trading the Australian dollar was 1.07 US' type messages every hour or so on the news.
Now that has to have an effect on the popular perception of the Oz economy.
I tend to think it a symptom of our inferiority complex cultural cringe. 'Look at us we're really important - no really important'.

Kiwi here - obviously don't get updates as regularly but we are getting told a few times a day we are at "post float high against the USD"

What interests me is that our media don't talk of the aussie dollar being so strong at 1.07 USD they talk of the USD falling to 1.07 aussie.
 
RicHARD said:
What interests me is that our media don't talk of the aussie dollar being so strong at 1.07 USD they talk of the USD falling to 1.07 aussie.
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Well the NZ media is smarter than ours...thats the truth...USD falling compared to aussie and other countries...we have not done anything special to deserve a stronger $, just US are doing such a lousy job on theres, we with other countries get pushed up...
 
Sky News had a big piece on gold today. How it is the 'safe haven' in turbulent times.

Also had a meeting today at a customer site, i got there too early. While i was waiting at reception, a couple of the security guards were discussing ... SILVER.

After my meeting, i quizzed the remaining guard about it (I wasn't Mr T or anything, i did ask politely ...). He said the other bloke was into rare earths, but the one i was talking to was interested in silver. He said he had been closely following it, and if it consolidates, he will buy big. His Dad apparently made a lot of money in the gold bull market in the late 70's/early 80's ...

.... And he had never heard of Silver Stackers.
 
An article appeared in 'The Weekend Australian" in the Business section page 23,August 20/21, the heading of which was " Gattung finds making a mint easy".

The gist of the story is that in 2007, she had just celebrated her departure from TNZ, visited the Perth Mint by chance, bought about 1000ozs gold for $1m and now it's worth $2.1m

She says"I've certainly missed the peaks of the market, but I've also missed the troughs".

She also said "I am a conservative investor, I look to cash, property and precious metals"

Graph shows the price of gold and when she bought in.

The old saying money makes money is certainly true in this case.

A lot of SS members have the foresight to make heaps of money but lack of fiat is the only thing stopping them and in my case it not only is the lack of fiat but father time waits for no man or woman.

Sorry I can't give a link to this article but I'm still a learner as far as IT goes.

Regards Errol 43
 
Harry Dent was just on Sunrise, saying:
* Aust housing to crash by 50%
* if you are thinking of selling your house, SELL NOW
* if you are thinking of buying a house, wait 3 years
* Gold and Silver are in "the biggest bubble of all" (this is just after he mentioned 50% housing correction)
* sell everything and get into fixed interest deposits and cash
 
I thought this thread was long gone..Mi$$ Honey started it about 6 months ago and I thought at the time it would be around for a long time. I thought it was a good idea to keep abreast of MSM on what they have to say about PM'S in different parts of our country.

Are you still posting Mi$$ Honey? :)




regards Errol43
 
Two things:

This article in the Fairfax newpapers:

http://www.smh.com.au/money/investing/bailout-blues-lessons-learnt-from-the-gfc-20110920-1kivj.html
Click to expand...

"A range of experts" talk about what they learnt from the GFC. All of them are talking up cash at the moment.
Only one mention of gold and it was only to say how gold showed no return since 1974.
Wut?
If there's any proof that gold is still an investment at the margins, it's the talking heads blowing hot air.



Also the latest issue of "Smart Investor" magazine (look for it at newsagents everywhere) has the cover article "79 ways to find a stash of cash":

http://www.afrsmartinvestor.com/p/magazine/ways_to_find_stash_of_cash_DkMv3R7k8ySGzYOK7Fv64H

How many of those 79 ways do you think was gold related?

One.

And the advice? If you think gold is going to rise to $2300, buy some gold shares like Newmont Mining or invest in some gold ETFs.
 
hi....you can set up a google news alert on any subject....and you will get emails with details..i used it when i was a security pricing supervisor. very helpfull
 
Earthjade said:
GOLD BUBBLE BURSTS

http://www.smh.com.au/business/markets/gold-bubble-bursts-20110924-1kq5f.html

Well darn...
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Well that does it time to buy in.

This is a great bubble as shown in this 2 year chart:

1302_2-year-gold.jpg
 
James Dines in the Sydney Morning Herald:

Mr Dines, editor of the Dines Letter and author of numerous books, described natural resources, including farmland, as a source of real wealth that should be kept for "your descendants".
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And his views on what he calls the Chinese "resources imperialism":
The world's most populous country wants to secure its resource needs for centuries to come.

Instead of seizing the means of production, as Karl Marx advocated, the Chinese Communist Party was legally buying it in what Mr Dines believes is the end of capitalism as we know it.

"They are not buying a copper mine to re-sell at a higher price. They are buying it to use all that copper for China," he said.

China are storing (commodities) as a form of hard money for next century and beyond."

Mr Dines said he was not being anti-China.

"What they're doing is legal and far-sighted thinking."

He contrasted that with the US, where investors were fixated on quarter to quarter earnings.
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Is it true that China can buy the whole world with US$3trillion?
China currently holds $US3 trillion in foreign exchange assets and could "buy the whole world".
Click to expand...

And he closes with some personal advice:
If he did have a positive message, it was to invest in gold and silver, which, he says, are the ultimate monetary metals, with gold having risen in value every one of the last 11 years.
Click to expand...

Read more: http://www.smh.com.au/business/chin...-us-analyst-20110929-1kysg.html#ixzz1ZNicZZyr
 
Earthjade said:
Two things:

This article in the Fairfax newpapers:

http://www.smh.com.au/money/investing/bailout-blues-lessons-learnt-from-the-gfc-20110920-1kivj.html
Click to expand...

"A range of experts" talk about what they learnt from the GFC. All of them are talking up cash at the moment.
Only one mention of gold and it was only to say how gold showed no return since 1974.
Wut?
If there's any proof that gold is still an investment at the margins, it's the talking heads blowing hot air.



Also the latest issue of "Smart Investor" magazine (look for it at newsagents everywhere) has the cover article "79 ways to find a stash of cash":

http://www.afrsmartinvestor.com/p/magazine/ways_to_find_stash_of_cash_DkMv3R7k8ySGzYOK7Fv64H

How many of those 79 ways do you think was gold related?




Yeah..read that today... I was never a fan of stock market investing. Too hard to get at money, too many fees in and out, need a broker or be very savvvie and know how to do all that stuff yourself and at the end of the day a company get grab and run and you say bye bye to your money. With all the knowledge we have of stock market decline and the world economy... If anything is dangerous, it is the information being spouted by these share-obsessed writers. Makes more sense to hold yo money.

One.

And the advice? If you think gold is going to rise to $2300, buy some gold shares like Newmont Mining or invest in some gold ETFs.
Click to expand...
 
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