Where Is Gold Going In This Market

[churchill]

Basel III And Gold

http://seekingalpha.com/article/1016161-basel-iii-and-gold

[mccw]

I value fiat paper as a means of exchange but see serious risks in the system and is why I position how I do- not because of any religious belief in anti fiat golden Demi gods or anything- purely rational analysis.

that sounds rather reasonable. but it is also reasonable to realise that most investors, especially the well-off ones, can't convert all their assets into bricks, mortar and concrete as well as into bricks of gold.

Everyone can make their own decisions on their own risk assessment; but in my assessment the risk are such that land, property and gold are the only reasonably safe assets; for sure it's entirely possible to have all ones wealth at almost any level in only this form with just a cash cushion to facilitate normal life.

But back to the point at hand- intrinsic value/ the utility of gold- come on, you already basically admitted to it.

[mccw]

Basel III And Gold

http://seekingalpha.com/article/1016161-basel-iii-and-gold

"The New York Times has called them "the secretive panel that establishes global banking rules" - the central banks' central bank. They meet four times a year in a little town called Basel in Switzerland. Edward Jay Epstein did an article on them for Harper's Magazine back in 1983 where he describes their shyness about publicity and the sophistication of their clubhouse. They have a nuclear bomb shelter in the basement, an entire hospital, as well as some 20 miles of subterranean archives. " - and that's just their club house. These guys take prepping to another level. It appears that those who would know best deem it sensible to be well prepared for every eventuality. Makes old Yoshi, relying on being able to pop down from his HK condo for fresh cup cakes any time, look like the real loony!

[yoshiwara]

Basel III And Gold

http://seekingalpha....el-iii-and-gold

"The New York Times has called them "the secretive panel that establishes global banking rules" - the central banks' central bank. They meet four times a year in a little town called Basel in Switzerland. Edward Jay Epstein did an article on them for Harper's Magazine back in 1983 where he describes their shyness about publicity and the sophistication of their clubhouse. They have a nuclear bomb shelter in the basement, an entire hospital, as well as some 20 miles of subterranean archives. " - and that's just their club house. These guys take prepping to another level. It appears that those who would know best deem it sensible to be well prepared for every eventuality. Makes old Yoshi, relying on being able to pop down from his HK condo for fresh cup cakes any time, look like the real loony!

Usual mixture of an article disguising fact with opinion. As for the NYT, it is a banker bashing Democrat paper. Show me something from the WSJ pushing the same nonsense and I might bite.

As for the HK condo, that would be plural and they are all rented out for worthless fiat Hong Kong dollars.

[yoshiwara]

Basel III And Gold

http://seekingalpha....el-iii-and-gold

"The New York Times has called them "the secretive panel that establishes global banking rules" - the central banks' central bank. They meet four times a year in a little town called Basel in Switzerland. Edward Jay Epstein did an article on them for Harper's Magazine back in 1983 where he describes their shyness about publicity and the sophistication of their clubhouse. They have a nuclear bomb shelter in the basement, an entire hospital, as well as some 20 miles of subterranean archives. " - and that's just their club house. These guys take prepping to another level. It appears that those who would know best deem it sensible to be well prepared for every eventuality. Makes old Yoshi, relying on being able to pop down from his HK condo for fresh cup cakes any time, look like the real loony!

I think you are referring to custard tarts.

Edited November 18, 2012 by yoshiwara

[mccw]

http://rt.com/programs/keiser-report/episode-368-max-keiser/

Silver & gold special

[Jayman]

Yet another reason to own gold rather than paper..er uh .. mush.

http://www.nypost.co...AwSBvWbYgSIoflJ

Hurricane Sandy floodwaters inundated a 10,000-square-foot underground vault downtown, soaking 1.3 million bond and stock certificates — including bearer bonds that function like cash — and putting them in danger of turning to mush.

[Naam]

I value fiat paper as a means of exchange but see serious risks in the system and is why I position how I do- not because of any religious belief in anti fiat golden Demi gods or anything- purely rational analysis.

that sounds rather reasonable. but it is also reasonable to realise that most investors, especially the well-off ones, can't convert all their assets into bricks, mortar and concrete as well as into bricks of gold.

Everyone can make their own decisions on their own risk assessment; but in my assessment the risk are such that land, property and gold are the only reasonably safe assets; for sure it's entirely possible to have all ones wealth at almost any level in only this form with just a cash cushion to facilitate normal life.

But back to the point at hand- intrinsic value/ the utility of gold- come on, you already basically admitted to it.

don't put words in my mouth. i repeat, what i always claimed, i.e. gold has no intrinsic value.

[cloudhopper]

Intrinsically or otherwise gold will always be valued contextually like everything else. Back when I had hormones and flew competition aerobatics I wore a Security 250 parachute that cost me $795 along with some maintenance expenses. It would have no value whatever to Naam yet would have been worth literally everything I had to me if a wing came off. I sold it at a loss. The value of things can only really be assessed after the fact...especially insurance policies like gold.

[Naam]

Intrinsically or otherwise gold will always be valued contextually like everything else. Back when I had hormones and flew competition aerobatics I wore a Security 250 parachute that cost me $795 along with some maintenance expenses. It would have no value whatever to Naam yet would have been worth literally everything I had to me if a wing came off. I sold it at a loss. The value of things can only really be assessed after the fact...especially insurance policies like gold.

and in case you needed the parachute to bail out you wouldn't have traded it for a 12.5kg gold bar... am i right?

[churchill]

The History of Gold Charts

http://peterlbrandt.com/the-history-of-gold-charts/

[churchill]

China desperate to extend operating lives of Gold mines

http://www.bullionstreet.com/news/china-desperate-to-extend-operating-lives-of-gold-mines/3405?utm_medium=twitter&utm_source=twitterfeed

[Naam]

"Chinese Gold Despair" brought to you by your independent source of information you can fully trust"

[Naam]

The History of Gold Charts

http://peterlbrandt....of-gold-charts/

i like the "bullish wedge" best because it looks so... ahmm... very bullish.

[midas]

The History of Gold Charts

http://peterlbrandt....of-gold-charts/

i like the "bullish wedge" best because it looks so... ahmm... very bullish.

but ...but ...but

" Charts are crap ....... anyone can draw lines .. buy and demand means Breakout ...."

[churchill]

The History of Gold Charts

http://peterlbrandt....of-gold-charts/

i like the "bullish wedge" best because it looks so... ahmm... very bullish.

but ...but ...but

" Charts are crap ....... anyone can draw lines .. buy and demand means Breakout ...."

breakout point is when most believe it won't so maximum to loose or gain ...

[midas]

but ...but ...but

" Charts are crap ....... anyone can draw lines .. buy and demand means Breakout ...."

breakout point is when most believe it won't so maximum to loose or gain ...

sorry i could not resist.....

anyway how about this.....

Gold’s 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever.

http://www.bloomberg...ommodities.html

and

" “We see gold as a hedge against the follies of politicians,”

Edited November 20, 2012 by midas

[cheeryble]

John Paulson to George Soros to accumulate the highest combined bullion holdings ever.

I remember a meeting at which a friend who had been working in a stockbroking office in BKK, and had to take and reduce positions on behalf of the firm, was asked "what do you do if you want to sell?"

His answer was short: "Start buying".

Edited November 20, 2012 by cheeryble

[midas]

“We see gold as a hedge against the follies of politicians,”

! Edited November 22, 2012 by midas

[churchill]

“We see gold as a hedge against the follies of politicians,”

What about a tree ... Jingle Bells , Jingle Bells ....

http://www.bloomberg.com/video/it-s-gold-it-s-4-3m-and-it-s-a-tree-ZZbnh~4NTiiTXHPpm_yZ3Q.html

[Naam]

and after watching the WW3 yewstoop video clip Little Red Riding Hood asked

"Grandma, what if world war 3 breaks out but nobody attends the performance?"

[churchill]

China is Now the World’s Biggest Gold Producer – and Consumer

http://www.moneymorning.com.au/20121122/china-is-now-the-worlds-biggest-gold-producer-and-consumer.html

[Naam]

China is Now the World’s Biggest Gold Producer – and Consumer

http://www.moneymorn...d-consumer.html

price of gold skyrocketing i presume?

Edited November 22, 2012 by Naam

[cheeryble]

A Youtube contribution to the debate from a great Englishman who thinks fiat money is simply Rotten

Turn up he speakers full blast and watch to the very end for important gold information....or at least a shooting

Cheeryble

Edited November 22, 2012 by cheeryble

[mccw]

An Aussie view on the China gold plan I was talking about before:

http://portphillippublishing.com.au/pro/n07chinab2.php?code=WSMSN902&n=n07chinab2

(Obviously he's flogging his tips but the points remain)

[mccw]

Are there any good dividend paying gold / silver mining stocks?

[mccw]

A Youtube contribution to the debate from a great Englishman who thinks fiat money is simply Rotten

Turn up he speakers full blast and watch to the very end for important gold information....or at least a shooting

Cheeryble

Good 1 for some funeral

[Naam]

An Aussie view on the China gold plan I was talking about before:

http://portphillippu...02&n=n07chinab2

(Obviously he's flogging his tips but the points remain)

And it will send the price of gold soaring.

All attempts by the West to hold prices down will prove futile.

China will probably make this announcement on a weekend. By the time trading resumes, the gold price will have 'gapped up'.

My guess is that $5,000 an ounce is entirely probable, if not higher.

And if I'm right about China's new strategy — which I'm certain I am — gold's going higher still...maybe as far as $6,000 an ounce.

I'll make you a very special deal

If you decide to begin your 60-day no obligation trial today, you can take 30% off the full price.

That means you'll pay a special introductory rate of just $349 for your first year of your Sound Money. Sound Investments. membership.

so please take your credit card out of your wallet and...

[churchill]

Are there any good dividend paying gold / silver mining stocks?

GDXJ pays a decent dividend but not sure what you get after taxes .... but the shares a mixture of junior gold/silver stocks have performed terribly recently ... due for a rebound ?

http://www.bloomberg.com/quote/GDXJ:US

Dividends for GDXJ

Dividend Type Income Dividend Frequency Annual Last Dividend Net (on 2011-12-23) 1.2120 Dividend Yield (ttm) 7.25%

[mccw]

Are there any good dividend paying gold / silver mining stocks?

GDXJ pays a decent dividend but not sure what you get after taxes .... but the shares a mixture of junior gold/silver stocks have performed terribly recently ... due for a rebound ?

http://www.bloomberg.com/quote/GDXJ:US

Dividends for GDXJ

Dividend Type Income Dividend Frequency Annual Last Dividend Net (on 2011-12-23) 1.2120 Dividend Yield (ttm) 7.25%

Thanks very much.

I would buy through my self pick ISA account so no tax. Only thinking of a very small punt. (Would be my first toe in this kind of paper market). Been pondering playing the volatility of oil for a while but this would more be a buy and hold.