Posted on 04/17/2013 7:56:19 AM PDT by blam
You have two things going on here; real value, and hyped value.
Gold is certainly a good hedge against catastrophe, but the time to buy is not when the price is high.
The time to buy is now or whenever you think the bottom has been reached, but you won't guess right.
COPPER, he screamed from the rooftops, AGAIN. Forget gold, it is copper that tells the story.
http://market-ticker.org/akcs-www?post=219866&findnew#new
I have to suspect there are an awful lot of people right now looking for that perfect moment to buy gold before it starts going up again.
If not then people are screwed.
I’ve read that it is a very, very small portion of the public that owns gold.
I observe that the demand for physical gold is strong and rising worldwide - including by Central Banks.
I am taking this as the next big opportunity to by another tranche - overseas.
And OIL.
/CL and /HG
If you look closely, you’ll discover the article was actually written by Chicken Little.
True!
Posted earlier:
WAKE UP! (Dr Copper - Congress Re-approves Insider Trading For Themselves)
More than 500 tons of paper gold were dumped into the market last Friday. The speculation is that a London trading house couldn’t cover their shorts. The story is here:
The price of gold has been manipulated. This is more scandalous than Libor
Losing 20-30-50% of your money in gold (or anything else) sucks. But it doesn’t suck as much as it might have 45 days or so ago wrt Cyprus, when compared to having 20-30-50% of your money confiscated by the government. Now that the John Corzine model of sovereign banking has been perfected.
Keep in mind governments and some banks around the globe have been buying and hoarding gold. They are likely pulling this string.
Very significant demand is being seen throughout the world for physical bullion – in Japan, India, Australia, the U.S., Europe and elsewhere. The speculative raid by one or two banks which led to the price crash is being seen as a gift by eager buyers internationally. http://www.fxstreet.com/fundamental/analysis-reports/gold-investments-market-update/2013/04/17/
Manipulating a major market to make a huge profit can not happen!/s
If you haven't been doing it already, it's time to steer your own course through this pile up, using logic and common sense.
I agree. I have bought some this week, and; I try to add in some MS 61-62 pre 1933 Double Eagles. However, I am not big on collecting like I was many years ago. Coins or bars that are worth spot or close to spot are a hedge against this Fed Chairman, who prints dollars like water.
Yeah, seriously. Does anyone know how to read a chart anymore? A blind man could have seen this coming.
Kitco has gold selling for $1,387.20 --down 13% from last week-- and the IMF lists total central bank holdings at 879M oz., no change from what it was in 2005.
What “collapse”? Gold sat between 1600 and 1700 for months. It could not get any higher because money was flowing into the surging bull market. It was ripe for a big trade reaction, and that’s exactly what happened. Yawn.
I agree with you but I just saw this: Cramer: Gold Bulls May Have the Last Laugh http://finance.yahoo.com/news/cramer-gold-bulls-last-laugh-115428783.html
Usually whatever Cramer says the opposite is true.
Empirical evidence would confirm that.
No.
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