Moderator: Peak Moderation
That is obviously what you hope and you are probably correct. Of course there is volatility but over the long term there are trends and ratios against all sorts of other assets. Look at the graphs I posted (and another with house prices V gold on another thread). My question still stands, have you planned an exit or are you waiting for gold to be monetised?UndercoverElephant wrote:The recent take-down in the gold price was designed to scare people off.
Gold is just taking a breather. It is going to go much higher, eventually. All sorts of volatility may occur between now and then.
I have no exit planned until there is an end in sight to the monetary problems. The shit has not hit the fan properly yet. If I believed there was a possibility that it never will, then I'd need an exit plan, but I don't believe this.alternative-energy wrote:That is obviously what you hope and you are probably correct. Of course there is volatility but over the long term there are trends and ratios against all sorts of other assets. Look at the graphs I posted (and another with house prices V gold on another thread). My question still stands, have you planned an exit or are you waiting for gold to be monetised?UndercoverElephant wrote:The recent take-down in the gold price was designed to scare people off.
Gold is just taking a breather. It is going to go much higher, eventually. All sorts of volatility may occur between now and then.
The wriggle room for the politicans is getting much smaller. Sooner or later it will hit.
I have no exit planned until there is an end in sight to the monetary problems. The shit has not hit the fan properly yet. If I believed there was a possibility that it never will, then I'd need an exit plan, but I don't believe this.
Ok, I hear what you are saying and I don't totally disagree. Depending on your age I think its important to take some investment risks (with your own money) the upside potential can be so great. Just consider swapping the yellow stuff for something you really need / want in the future.Lord Beria3 wrote:Like UE, when our debt/monetary problems look like they are being solved than I will consider a exit strategy.
As long as debts keep on rising governments print ever more money I will try to increase my exposure to gold and silver.
And yes, I do think that a return to a gold standard, is inevitable.
JP Morgan Chief Commodities Strategist Colin Fenton recently joined CNBC Squawk Box to talk about gold at $2500. The piece was no doubt confirmation to many precious metals investors as to the expected direction of the market, regardless of the recent gold pullback.
Only a matter of time.If all of those dollar reserves get released into markets, then the price of gold should explode upward. In addition, if all fiat money reserves from other countries are also released into world markets, then we can expect much international upward pressure on the price of gold as well.
Who knows! That broad does her own thing!alternative-energy wrote:This is quite a good podcast.
http://www.fool.co.uk/money-talk/has-go ... tpc0000002
The parlous state of the American economy, the downgrade of US debt, the troubles in Europe, and low interest rates are all said to have contributed to the rise in the price of gold in recent years. David Kuo and Merryn Somerset Webb, Editor in Chief at MoneyWeek, lock horns over whether the gains can continue.
David Kuo is the one wearing FOOL on his head something he lives up to in this conversation.
MSW cites a playground conversation where a mother has sold her house and has put the proceeds into physical silver. That takes some balls!
Was it Lady Beria?
Bullish case for silver.Silver, the best-performing and most-volatile precious metal of the past year, may rebound from a bear market as investors bet on growth in developing nations and an extended European debt crisis.
The metal may average $38 an ounce this quarter and rise to a record $42 by the final three months of 2012, compared with $31.97 at 9:19 p.m. in Singapore yesterday, according to the median in a Bloomberg survey of 11 analysts. The gains will mean record profit for producers Pan American Silver Corp. (PAA) and Fresnillo Plc (FRES), analyst estimates compiled by Bloomberg show.
China, the biggest emerging-market user, is expanding at more than five times the speed of the U.S., driving consumption of the precious metal most used in industry. Demand is also coming from investors looking for an alternative to cash and gold, which costs about 50 times more than silver. The 30-week correlation coefficient between the two metals is now at 0.82, from as low as 0.47 in 2005, data compiled by Bloomberg show, with a figure of 1 meaning the two move in lockstep.
“Prices now look relatively cheap to where they have been recently,” said David Wilson, an analyst at Societe Generale SA in London and the most accurate silver forecaster tracked by Bloomberg in the two years through June. “The backdrop is still very supportive for gold and we think that silver will leverage off the back of that. Emerging markets are going to be important for demand for sure
