menotcrimex said:
lol and santa clause is real as well
Sell Gold, It Is Still Expensive
- Thread starter mmissinglink
- Start date
lol and santa clause is real as well
Pirocco
Well-Known Member
I didn't use $ as measuring stick.Ronnie 666 said:
This is what I said:
"It could be said that anything of which price increased faster than other prices"
Didn't you see that I compared price trend speeds, not prices itself?
Golds average price in 2008 was $871.96
Gold is right now $1381.20
1381.20-871.20=510, which is 510/871.96=2008's average + 58.5%
I don't know what it is on your side of the planet, but on my side general prices didn't increase on average with 58.5% since 2008.
Far less. Very likely less than 15% on average. Golds price increased 4 times that %.
What does this mean?
That production costs of gold didn't went up with the price.
What does this mean?
That there is profit to grab there.
And that is what happens.
Golds $1900 peak versus todays $1381. That's nothing but a shift of dollars from those that bought later to those that bought earlier.
And that's why I said a temporary demand and thus temporary price increase followed by a sale and thus price decrease.
Over some month / a year, another chunk mined/recycled amount gold will be thrown on the market. In 2009 and 2010 and 2011 it found buyers (ETF's for ex).
Since then it didnt find buyers anymore. Silver same story.
Every such mined/recycled chunk production will throw the price again further down, until eventually demand does meet supply, equilibrium, in other words: the profit in terms of purchasing power disappeared at that price.
Court Jester said:
Yep Santa just took out some shorts and may now look to put the slay into a dive.
But only time will tell
Actually Pirocco I agree not 58% but the US$ has declined 35% in purchasing power since 2008.
In 2008 Gold was $700. I still see you measuring gold/silver in US dollars. I prefer Zimbabwe $ - as I am a little ahead of the pack.
Interest rates are creeping up and soon the Fed will be onto the next QE program as rates cannot be allowed to rise. So you tell me in 3-5 years what is the gold price ? How can you postulate that gold is expensive ? To me the US$ is expensive and way over priced.
In 2008 Gold was $700. I still see you measuring gold/silver in US dollars. I prefer Zimbabwe $ - as I am a little ahead of the pack.
Interest rates are creeping up and soon the Fed will be onto the next QE program as rates cannot be allowed to rise. So you tell me in 3-5 years what is the gold price ? How can you postulate that gold is expensive ? To me the US$ is expensive and way over priced.
Now look at the 10 Year note ??? more money printing ahead
http://traderdannorcini.blogspot.ca/2013/05/ten-year-treasury-yield-surges-to-14.html
http://traderdannorcini.blogspot.ca/2013/05/ten-year-treasury-yield-surges-to-14.html
johnmiller
New Member
At this time i am buying more gold.
johnmiller said:
Same - I'm not buying hand over fist, but when the spare powder allows, and as I see fit, I'm still buying, together with the odd bit of silver here and there from the leftover change.
Sure, the price may go down a bit more in the short term, simply means I'll buy a little more for my buck then.
In the long term, I reckon it'll be one of the few things that will preserve value for folks when the house fo cards comes crashing down.
G
Guest
Guest
From the article in post 1
"If humans were to get over their fascination with gold, the technological use is all that would be left to drive demand, of which there is ample supply for. This wouldn't support $1,400 gold prices, more like $140 gold prices."
I wasn't aware you could mine gold for under $140
"If humans were to get over their fascination with gold, the technological use is all that would be left to drive demand, of which there is ample supply for. This wouldn't support $1,400 gold prices, more like $140 gold prices."
I wasn't aware you could mine gold for under $140
Silver Bullion Boy
New Member
I'm buying as much as I can afford, don't care what anybody says. If the Chinese are still buying so am I, there is a major game going to be played out in the near future and I don't want to miss out on the action. 
Silver Bullion Boy said:I'm buying as much as I can afford, don't care what anybody says. If the Chinese are still buying so am I, there is a major game going to be played out in the near future and I don't want to miss out on the action.
Nothing is for certain.... Not putting all your eggs in one basket might prove a wise decision.
G
Guest
Guest
Phiber said:Silver Bullion Boy said:I'm buying as much as I can afford, don't care what anybody says. If the Chinese are still buying so am I, there is a major game going to be played out in the near future and I don't want to miss out on the action.
Nothing is for certain.... Not putting all your eggs in one basket might prove a wise decision.
If its a big basket of commodity eggs it should be fine
