** WARNING: Gold "Panic Spike" Imminent **

[Shaddam IV]

I wonder if the new Asian exchange is having an effect?

 

[boston]

Anyone remember what Peter Schiff says will happen when gold hits new highs in ALL currencies?

For the uninformed, such as myself, would you care to expand?

 

[aleks]

Just woke up..... $60AUD move :O

I think I can hear Michael Pascoe typing away....

 

[Agauholic]

You guys are missing the real action

http://www.metal-pages.com/metalprices/tungsten/

 

[Ouch]

Anyone remember what Peter Schiff says will happen when gold hits new highs in ALL currencies?

For the uninformed, such as myself, would you care to expand?

I can't remember if it was actually him or someone else or even if it was ever said by anyone at all. Sorry, using my google-fu skills right now to dig it up. I thought someone might recall but looks like not so I may be mistaken.

 

[kkkrazy]

dont worry about top callers,oil went from 8 bucks to 140,17 times it beginning.beginning of bull in ozzie dollar was $400. Times that by 17 you get $6800 australian. thats without any hyper-inflation

 

[BBQ]

I'm amazed that record highs for gold in AUD and USD have hardly caused a whimper on the forum.

Maybe it's because silver has outperformed it by a long shot!

 

[renovator]

I'm amazed that record highs for gold in AUD and USD have hardly caused a whimper on the forum.

Maybe it's because silver has outperformed it by a long shot!

Maybe because the actual gains on $AU invested have been nothing to talk about

 

[hiho]

You can't discredit gold guys, keep trying though, l find it enjoyable

 

[BBQ]

Maybe because the actual gains on $AU invested have been nothing to talk about

That too.

 

[renovator]

You can't discredit gold guys, keep trying though, l find it enjoyable

Discredit gold ? I have a fair stake in gold hiho im just stating the facts Work out a % of gain with your $ invested . I think you will find you could make the similar money in the bank .I dont see anybody cheering the bank interest rates

 

[Mr Medved]

Maybe because the actual gains on $AU invested have been nothing to talk about

WTF? According to Kitco gold in AUD is up 18.5% YoY; over 16% in the last six months. Even ignoring the rise in the last 24 hours it has performed well.

http://www.kitco.com/gold_currency/charts.htm?AUD

Any banks offering at-call rates of 18.5%? Or even half that? And the government isn't skimming off 30-40% in taxation either...

 

[goldpelican]

I'm amazed that record highs for gold in AUD and USD have hardly caused a whimper on the forum.

Maybe it's because silver has outperformed it by a long shot!

Gold and silver have two different roles in my portfolio. The more educated I become on monetary affairs, the more I want to hold my wealth in gold over silver.

 

[Shaddam IV]

I'm amazed that record highs for gold in AUD and USD have hardly caused a whimper on the forum.

Maybe it's because silver has outperformed it by a long shot!

Gold and silver have two different roles in my portfolio. The more educated I become on monetary affairs, the more I want to hold my wealth in gold over silver.

Can you expand on that GP?

 

[renovator]

Maybe because the actual gains on $AU invested have been nothing to talk about

WTF? According to Kitco gold in AUD is up 18.5% YoY; over 16% in the last six months. Even ignoring the rise in the last 24 hours it has performed well.

http://www.kitco.com/gold_currency/charts.htm?AUD

Any banks offering at-call rates of 18.5%? Or even half that? And the government isn't skimming off 30-40% in taxation either...

Take the last couple of weeks out of the equation then calculate with a lump sum invested calculated daily paid mothly & compounding the balance I think you will be surprised at the sums.

So you dont take into consideration CGT on the sale of your gold as a tax?

 

[RetardedMonkey]

Can you expand on that GP?

Gold = Money.

 

[renovator]

Maybe it's because silver has outperformed it by a long shot!

Gold and silver have two different roles in my portfolio. The more educated I become on monetary affairs, the more I want to hold my wealth in gold over silver.

Can you expand on that GP?

Jonesy my stategy is gold for wealth storage & silver is more speculative investment

 

[Shaddam IV]

Take the last couple of weeks out of the equation

Why skew the data by doing that?

 

[renovator]

Take the last couple of weeks out of the equation

Why skew the data by doing that?

because its an anomally .When it spikes like that it can go down just as fast. so in a few weeks if it stays there il be happier & might be cheering but for now im not

 

[Shaddam IV]

Take the last couple of weeks out of the equation

Why skew the data by doing that?

because its an anomally .When it spikes like that it can go down just as fast. so in a few weeks if it stays there il be happier & might be cheering but for now im not

Mind you, what you are calling an anomaly is actually reality. If you remove it what you have left is not reality. The price "spike" is really happening in the real world. It may not even be a spike. Why not take it into account?