My view on gold

[RafPinto]

13 hours ago, Sticky Rice Balls said:

not all BLUE berries are blueberries......

 

[RafPinto]

I am now part of the London HiSo

 

I just wrapped my new Ford Ka in 650 Baht of gold.

[swissie]

Higher interest rates are not supportive for Gold. Another mostly overlooked factor comes into play.

- There are a zillion of investment funds. Most have a fixed percentage of Gold as a "hedge" in their portfolio. Fund managers are rather "lightening-up" on stocks at this time. That means, that in order to keep the percentage of Gold constant, they would also have to "lighten-up" on Gold. Of course, Funds that allow for flexibility in their asset-allocation may feel comfortable when the percentage of Gold in the portfolio actually increases (in times of crisis etc etc). This is strictly useless information, as I haven't found any statistics as to how many Funds worldwide are chained to fixed asset allocation rules versus "sexy-flexy-funds".

 

[Sparktrader]

16 minutes ago, swissie said:

Higher interest rates are not supportive for Gold. Another mostly overlooked factor comes into play.

- There are a zillion of investment funds. Most have a fixed percentage of Gold as a "hedge" in their portfolio. Fund managers are rather "lightening-up" on stocks at this time. That means, that in order to keep the percentage of Gold constant, they would also have to "lighten-up" on Gold. Of course, Funds that allow for flexibility in their asset-allocation may feel comfortable when the percentage of Gold in the portfolio actually increases (in times of crisis etc etc). This is strictly useless information, as I haven't found any statistics as to how many Funds worldwide are chained to fixed asset allocation rules versus "sexy-flexy-funds".

 

Interest rates going up cash more attractive than gold.