xylophone Posted April 19, 2014 Share Posted April 19, 2014 I have just come across a couple of Warren Buffett's many quotes on the subject of gold and he seems to make sense: "Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head." "You could take all the gold that's ever been mined, and it would fill a cube 67 feet in each direction. For what it's worth at current gold prices, you could buy - not some - all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money. Or you could have a big cube of metal. Which would you take? Which is going to produce more value?" Link to comment Share on other sites More sharing options...
Cosmo88 Posted April 20, 2014 Share Posted April 20, 2014 For long term wealth creation, investment is preferable to speculation. Link to comment Share on other sites More sharing options...
SheungWan Posted April 21, 2014 Share Posted April 21, 2014 (edited) The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say. http://www.bloomberg.com/news/2014-02-28/gold-fix-study-shows-signs-of-decade-of-bank-manipulation.html Marginal to the dreadful collapse since $1920. Edited April 21, 2014 by SheungWan Link to comment Share on other sites More sharing options...
midas Posted April 21, 2014 Share Posted April 21, 2014 (edited) some people have an incredible appetite for it Gold bars removed from Indian man's stomach Twelve bars of gold have been recovered from the stomach of a businessman in the Indian capital, Delhi, a surgeon treating him has said. The 63-year-old man was admitted to hospital after complaining of vomiting and difficulty defecating. He told his doctor that he had swallowed a bottle cap in anger, after a fight with his wife. But when surgeons operated they found gold bars weighing nearly 400g (14oz) in his stomach instead of a bottle cap. http://www.bbc.com/news/world-asia-india-27076019 Edited April 21, 2014 by midas Link to comment Share on other sites More sharing options...
xylophone Posted April 21, 2014 Share Posted April 21, 2014 some people have an incredible appetite for it Gold bars removed from Indian man's stomach Twelve bars of gold have been recovered from the stomach of a businessman in the Indian capital, Delhi, a surgeon treating him has said. The 63-year-old man was admitted to hospital after complaining of vomiting and difficulty defecating. He told his doctor that he had swallowed a bottle cap in anger, after a fight with his wife. But when surgeons operated they found gold bars weighing nearly 400g (14oz) in his stomach instead of a bottle cap. http://www.bbc.com/news/world-asia-india-27076019 Ah, so gold's not going down the gurgler.............not in his case anyway! Link to comment Share on other sites More sharing options...
midas Posted April 26, 2014 Share Posted April 26, 2014 Link to comment Share on other sites More sharing options...
SheungWan Posted April 26, 2014 Share Posted April 26, 2014 Interview with Grant Williams, investment strategist, who will self-admittedly have lost you big time last year on gold stocks. The rest is just waffle. Link to comment Share on other sites More sharing options...
SheungWan Posted April 27, 2014 Share Posted April 27, 2014 Reported in WSJ that Tudor Investments a hedge fund made $100 million on a $10 million bet on gold put options over 2013. ie betting against gold prices. Link to comment Share on other sites More sharing options...
midas Posted May 2, 2014 Share Posted May 2, 2014 (edited) India Gold Premiums 20% With Effective Price of $1,554 Edited May 2, 2014 by midas Link to comment Share on other sites More sharing options...
Naam Posted May 2, 2014 Share Posted May 2, 2014 India Gold Premiums 20% With Effective Price of $1,554 actual purchase premiums are even higher at 22-23% Link to comment Share on other sites More sharing options...
Duff Posted May 3, 2014 Share Posted May 3, 2014 Bought loooots of silver and miners yesterday, trailing stop. Nice risk/reward ratio. Gold and silver right above support, bullish RSI divergence, Silver/gold ratio at 23Y support, miners iH&S on weekly, weak USD... Potential very nice move to the upside. If support breaks, I'm out Sent from my iPhone using Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
SheungWan Posted May 9, 2014 Share Posted May 9, 2014 Bought loooots of silver and miners yesterday, trailing stop. Nice risk/reward ratio. Gold and silver right above support, bullish RSI divergence, Silver/gold ratio at 23Y support, miners iH&S on weekly, weak USD... Potential very nice move to the upside. If support breaks, I'm out Sent from my iPhone using Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
Duff Posted May 9, 2014 Share Posted May 9, 2014 Yup, supports still holding so far. Should it break, I'll get out without hesitation. I like the risk reward. Small loss vs much better potential gains Sent from my iPhone using Thaivisa Connect Thailand Link to comment Share on other sites More sharing options...
midas Posted May 10, 2014 Share Posted May 10, 2014 (edited) Hey, SheungWan I posted this interesting info graphic just for you I bet you didn't know there are 10 million weddings that take place in India every year and 30 to 50% of the expenses of the wedding are the purchase of gold !!! http://www.visualcapitalist.com/the-gold-series-the-eclipsing-demand-of-the-east-part-3-of-5 Edited May 10, 2014 by midas Link to comment Share on other sites More sharing options...
SheungWan Posted May 11, 2014 Share Posted May 11, 2014 Hey, SheungWan I posted this interesting info graphic just for you:giggle: I bet you didn't know there are 10 million weddings that take place in India every year and 30 to 50% of the expenses of the wedding are the purchase of gold !!! http://www.visualcapitalist.com/the-gold-series-the-eclipsing-demand-of-the-east-part-3-of-5 I am reminded of the joke that 10 billion flies can't be wrong.... Link to comment Share on other sites More sharing options...
Sandman77 Posted May 11, 2014 Share Posted May 11, 2014 Until we not get clear aswer , who manipulated the gold price I will stop invest in gold! Since last year I loose 500€ With 5 gold coins of 31 gramm each! Some say the Americans controll and manipulated gold and silver price ! Link to comment Share on other sites More sharing options...
SheungWan Posted May 11, 2014 Share Posted May 11, 2014 Until we not get clear aswer , who manipulated the gold price I will stop invest in gold! Since last year I loose 500 With 5 gold coins of 31 gramm each! Some say the Americans controll and manipulated gold and silver price ! You should have a word with the guys who 'guaranteed' the price was going up so that you could make a quick speculative killing, or maybe you already did and they told you a little story. Link to comment Share on other sites More sharing options...
healthbkkbkk Posted May 11, 2014 Share Posted May 11, 2014 Gold may be bought and sold as long as those with guns and prisons allow it so I'm not holding my breath in the hope of a benevolent government allowing me to controvert their currency in the long term. Link to comment Share on other sites More sharing options...
mccw Posted May 12, 2014 Share Posted May 12, 2014 Gold may be bought and sold as long as those with guns and prisons allow it so I'm not holding my breath in the hope of a benevolent government allowing me to controvert their currency in the long term. Hi - sorry; I don't really follow..... Can you elaborate please? Link to comment Share on other sites More sharing options...
healthbkkbkk Posted May 12, 2014 Share Posted May 12, 2014 Gold may be bought and sold as long as those with guns and prisons allow it so I'm not holding my breath in the hope of a benevolent government allowing me to controvert their currency in the long term. Hi - sorry; I don't really follow..... Can you elaborate please? Just my way of saying I don't trust Washington and her cronnies. The exchange, use and barter of metals can be regulated or rendered illegal at the stroke of a pen and has been done so in the past. Link to comment Share on other sites More sharing options...
midas Posted May 12, 2014 Share Posted May 12, 2014 Gold may be bought and sold as long as those with guns and prisons allow it so I'm not holding my breath in the hope of a benevolent government allowing me to controvert their currency in the long term. Hi - sorry; I don't really follow..... Can you elaborate please? Just my way of saying I don't trust Washington and her cronnies. The exchange, use and barter of metals can be regulated or rendered illegal at the stroke of a pen and has been done so in the past. Well that is exactly why the likes of Marc Faber has been arguing strenuously over at least the past year for people not to keep their gold in USA. But I hardly think that Washington is going to influence the likes of Russia, China and India who are furiously stocking up with the real thing. I would like to see Vladimir Putin's reaction to Washington's attempt to use the stroke of a pen on them Link to comment Share on other sites More sharing options...
SheungWan Posted May 12, 2014 Share Posted May 12, 2014 (edited) Gold may be bought and sold as long as those with guns and prisons allow it so I'm not holding my breath in the hope of a benevolent government allowing me to controvert their currency in the long term. Hi - sorry; I don't really follow..... Can you elaborate please? Just my way of saying I don't trust Washington and her cronnies. The exchange, use and barter of metals can be regulated or rendered illegal at the stroke of a pen and has been done so in the past. Well that is exactly why the likes of Marc Faber has been arguing strenuously over at least the past year for people not to keep their gold in USA. But I hardly think that Washington is going to influence the likes of Russia, China and India who are furiously stocking up with the real thing. I would like to see Vladimir Putin's reaction to Washington's attempt to use the stroke of a pen on them We look forward to viewing a current gold price graph showing the effects of furious gold price activity. Edited May 12, 2014 by SheungWan Link to comment Share on other sites More sharing options...
midas Posted May 12, 2014 Share Posted May 12, 2014 (edited) Hi - sorry; I don't really follow..... Can you elaborate please? Just my way of saying I don't trust Washington and her cronnies. The exchange, use and barter of metals can be regulated or rendered illegal at the stroke of a pen and has been done so in the past. Well that is exactly why the likes of Marc Faber has been arguing strenuously over at least the past year for people not to keep their gold in USA. But I hardly think that Washington is going to influence the likes of Russia, China and India who are furiously stocking up with the real thing. I would like to see Vladimir Putin's reaction to Washington's attempt to use the stroke of a pen on them We look forward to viewing a current gold price graph showing the effects of furious gold price activity. cartoon_Duck.jpg That is irrelevant because you know full well the paper market is more than 100 times bigger than physical market. Let's see who has the last laugh at the end of the day though Edited May 12, 2014 by midas Link to comment Share on other sites More sharing options...
SheungWan Posted May 12, 2014 Share Posted May 12, 2014 We look forward to viewing a current gold price graph showing the effects of furious gold price activity. cartoon_Duck.jpg That is irrelevant because you know full well the paper market is more than 100 times bigger than physical market. Let's see who has the last laugh at the end of the day though So give us a graph of the physical market for the last 12 months and the divergence in price from the overall market. It must have increasingly diverged, right? tap, tap....and 'er which day are we talking about Thursday? Friday? this month/this year/next year? Link to comment Share on other sites More sharing options...
Duff Posted May 13, 2014 Share Posted May 13, 2014 EUR/USD breaking down from 2Y rising wedge at 6Y T/L US dollar index highly inversely correlated to gold. Likely to breakout shortly to the upside. EUR/USD weights 57.6% of the USD index => Bearish for Gold/Silver Link to comment Share on other sites More sharing options...
Sandman77 Posted May 14, 2014 Share Posted May 14, 2014 You can also buy gold certificates that are independent by the US dollar! Link to comment Share on other sites More sharing options...
Naam Posted May 14, 2014 Share Posted May 14, 2014 You can also buy gold certificates that are independent by the US dollar! Link to comment Share on other sites More sharing options...
Sandman77 Posted May 15, 2014 Share Posted May 15, 2014 Yesterday I heard that the London silver and gold fixing will be disapsard soon because of to many manipulation of gold price and angry people loosing to much money and going to the court! What comes next when the fixing is no more? Link to comment Share on other sites More sharing options...
midas Posted May 15, 2014 Share Posted May 15, 2014 (edited) Yesterday I heard that the London silver and gold fixing will be disapsard soon because of to many manipulation of gold price and angry people loosing to much money and going to the court! What comes next when the fixing is no more? Some opinions here including in the comment section below the article The Beginning Of The End Of Precious Metals Manipulation: The London Silver Fix Is Officially Dead http://www.zerohedge.com/news/2014-05-14/beginning-end-precious-metals-manipulation-london-silver-fix-officially-dead Edited May 15, 2014 by midas Link to comment Share on other sites More sharing options...
Duff Posted May 15, 2014 Share Posted May 15, 2014 There is no manipulation. Only people buying and selling. Some have deeper pockets than others Link to comment Share on other sites More sharing options...
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