Where Is Gold Going In This Market

[yoshiwara]

I'm a practical hands on guy never been good with investments so hence the question for the gurus or non spiritual teachers with some basic advice.

Could Banks in Thailand get to be like others in the world and grab your dosh.

Simply I like to keep my 1 year extension money intact all year in one bank and do not touch.

I was thinking, I know it's dangerous for me but would like to take maybe not all, say half or so and buy gold with it and just keep it, just plain gold necklace chains say.

Once a year the government type of porn office will give us 2 or 3k less baht cash per baht gold and charge a small % per month, 3months in my case until we get it back.

We still have kept gold that we bought when it was about 7k per baht something, so good idea or not.

The best advice I can give is to withdraw it all from the bank (can't trust those banksters) and ask the girlfriend's family to look after it for you. You will never look back.

[jbrain]

I'm a practical hands on guy never been good with investments so hence the question for the gurus or non spiritual teachers with some basic advice.

Could Banks in Thailand get to be like others in the world and grab your dosh.

Simply I like to keep my 1 year extension money intact all year in one bank and do not touch.

I was thinking, I know it's dangerous for me but would like to take maybe not all, say half or so and buy gold with it and just keep it, just plain gold necklace chains say.

Once a year the government type of porn office will give us 2 or 3k less baht cash per baht gold and charge a small % per month, 3months in my case until we get it back.

We still have kept gold that we bought when it was about 7k per baht something, so good idea or not.

The best advice I can give is to withdraw it all from the bank (can't trust those banksters) and ask the girlfriend's family to look after it for you. You will never look back.

You mean, there will be nothing to look back for

Edited May 16, 2013 by jbrain

[Naam]

sooo? up or further down? predictions?

sooo? up or further down? predictions?

as of now down 1,371.50

[Naam]

gold 1394.80

senr from me to you... via encrypted Klingonic subspace channel from the gamma quadrant.

I thought all the gold shop shelves throughout the world had been cleared by panic buyers?

i have the funny feeling that one panic buyer is presently raiding some empty shelves. she left the

house 1½ hours ago with a determined look on her face.

[cheeryble]

i have the funny feeling that one panic buyer is presently raiding some empty shelves. she left the

house 1½ hours ago with a determined look on her face.

HAha guffaw!!

Maybe you should use some "Cleveland" tactics.

sooo? up or further down? predictions?

Prediction chances on gold price:

Up: 0.50000

Down: 0.50000

Edited May 16, 2013 by cheeryble

[yoshiwara]

gold 1394.80

senr from me to you... via encrypted Klingonic subspace channel from the gamma quadrant.

I thought all the gold shop shelves throughout the world had been cleared by panic buyers?

Haven't you heard of the sheep mentality. or is lemmings following one another over the cliff. Just wait for all the people that had gold say they sold yesterday B/S.

I sincerely hope that midas will turn up soon to give us some calm advice.

[churchill]

Man walks into a gold bar. Au!

http://ftalphaville.ft.com/2013/05/16/1503992/man-walks-into-a-gold-bar-au/

Edited May 17, 2013 by churchill

[churchill]

Soros Reports Over $239mm In Gold Positions, Buys $25mm In Call Options On Juniors

http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/

Thanks ! at least somebody is ...... .

Edited May 17, 2013 by churchill

[midas]

gold'srise was the most conspicuous evidence of faith in central banking being slowly but surely undermined. The banking cartel relies on the fiat money system remaining intact; the legal privilege of fractional reserve banking provides it with what is an essentially fraudulent profit center unparalleled by any other in the world (fraudulent in terms of traditional legal principles, but not in terms of the currentlaw of course). Not surprisingly, ever since the completely unrestrained fiat money system became operational in the early 1970s, the financial sector's share of corporate profits has inexorably risen and finally eclipsed all other sectors of the economy.

and

We're not really big fans of conspiracy theories, but in this case, everything points to this being the case; it is just as transparent as the pro-war campaign prior to the Iraq war was.

http://www.acting-man.com/?p=23392

[Naam]

gold'srise was the most conspicuous evidence of faith in central banking being slowly but surely undermined

can one therefore conclude that gold's fall was caused by increasing faith in central banks?

[Naam]

Soros Reports Over $239mm In Gold Positions, Buys $25mm In Call Options On Juniors

http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/

Thanks ! at least somebody is ...... .

Soros fund management controls an estimated $ 29 billion value. his $239 million gold positions represent less than 1% of the total funds value. it doesn't pay to calculate the share of his 25 million call options which is pocket money for Big George.

at least somebody...

[midas]

gold'srise was the most conspicuous evidence of faith in central banking being slowly but surely undermined

can one therefore conclude that gold's fall was caused by increasing faith in central banks?

If the world has both sceptics like you and firm believers like Churchill there is a simple way to settle the argument once and for all. For example, what is stopping Ben Shalom Bernanke from printing trillions of extra dollars then simply going and buying up all the gold from around the world? That would prove indisputably the US dollar is almighty because it would be firmly backed by the worlds gold? Edited May 19, 2013 by midas

[churchill]

Soros Reports Over $239mm In Gold Positions, Buys $25mm In Call Options On Juniors

http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/

Thanks ! at least somebody is ...... .

Soros fund management controls an estimated $ 29 billion value. his $239 million gold positions represent less than 1% of the total funds value. it doesn't pay to calculate the share of his 25 million call options which is pocket money for Big George.

at least somebody...

I understood that Soros had taken his fund private ..& Whether it is 1% or 20% it is still a big bet .....

I have been lucky not needing to sell my holdings at these values and am sure over the next year or so there will be much better opportunities to sell at higher prices ...

btw ------ On Earth there is no loss or gain until one sells

Hold On (to those gold coins and bars)!

http://fofoa.blogspot.com/2013/05/hold-on-to-those-gold-coins-and-bars.html

Edited May 19, 2013 by churchill

[mccw]

gold'srise was the most conspicuous evidence of faith in central banking being slowly but surely undermined

can one therefore conclude that gold's fall was caused by increasing faith in central banks?

If the world has both sceptics like you and firm believers like Churchill there is a simple way to settle the argument once and for all. For example, what is stopping Ben Shalom Bernanke from printing trillions of extra dollars then simply going and buying up all the gold from around the world? That would prove indisputably the US dollar is almighty because it would be firmly backed by the worlds gold?

I think maybe because the dollar would have lost all value and gold price exploded before he even got half way.

[AnotherOneAmerican]

gold'srise was the most conspicuous evidence of faith in central banking being slowly but surely undermined

can one therefore conclude that gold's fall was caused by increasing faith in central banks?

or the central banks have declared war on gold.

(by selling huge amounts of paper gold they don't really own)

Anyways

I see no point in buying gold, if it gets to the state where paper currency becomes worthless, lead is what you will need.

Edited May 19, 2013 by AnotherOneAmerican

[Naam]

Soros Reports Over $239mm In Gold Positions, Buys $25mm In Call Options On Juniors

http://bullmarketthinking.com/soros-reports-over-239mm-in-gold-positions-buys-25mm-in-call-options-on-juniors/

Thanks ! at least somebody is ...... .

Soros fund management controls an estimated $ 29 billion value. his $239 million gold positions represent less than 1% of the total funds value. it doesn't pay to calculate the share of his 25 million call options which is pocket money for Big George.

at least somebody...

I understood that Soros had taken his fund private ..& Whether it is 1% or 20% it is still a big bet .....

I have been lucky not needing to sell my holdings at these values and am sure over the next year or so there will be much better opportunities to sell at higher prices ...

btw ------ On Earth there is no loss or gain until one sells

Hold On (to those gold coins and bars)!

http://fofoa.blogspot.com/2013/05/hold-on-to-those-gold-coins-and-bars.html

Soros announced last year that his funds are now private and exclusively held for his family.

[Naam]

If the world has both sceptics like you and firm believers like
Churchill there is a simple way to settle the argument once and for all.
For example, what is stopping Ben Shalom Bernanke from printing
trillions of extra dollars then simply going and buying up all the gold
from around the world? That would prove indisputably the US dollar is
almighty because it would be firmly backed by the worlds gold?

who said the Dollar is almighty Midas? no currency nor commodity is

"almighty". their values are dictated by offer and demand. a loaded

M16 has infinitely more intrinsic value when an armed robber visits

your home than cash dollars or a 12.5kg gold brick except if you are

willing to part with the cash or gold.

[Naam]

rubbish from the Galactic Gold Council:

A new report by the World Gold Council, “Central bank diversification strategies – rebalancing from the dollar and the euro”, examines the growing trend of central banks’ actively looking to diversify their reserve portfolios. While the dollar is still the primary global currency, its long-term dominance is less certain. In response, central banks are reducing allocations to US dollars and euros while increasing purchases of traditional assets such as gold and Japanese yen and new alternatives including Chinese renminbi.

http://www.gold.org/investment/research/

[Naam]

It's obvious that a great many people all over the world have been
adding to their physical gold and silver positions or taking positions
for the first time. This really is an incredible battle that is taking
place right now between the physical market and the paper market in both
gold and silver. - Trade/market analyst, Dan Norcini on King World News

[binjalin]

if there is not enough 'physical' to meet the 'paper' what do we have? (or potentially have)?

[Naam]

if there is not enough physical...

...and all paper holders demand physical then the price will shoot up. but by far not all paper holders have the right to demand that and not all who have the rigth to demand will exercise their right. logical result: business as usual.

[IAMSOBAD]

Look at all the buyers now.

Maybe the same manipulators who brought Gold down are taking it back up.

Lets talk about it.

Edited May 20, 2013 by IAMSOBAD

[yoshiwara]

Look at all the buyers now. Maybe the same manipulators who brought Gold down are taking it back up. Lets talk about it.

Yes. Lets talk about the same nonsense invented out of thin air.

[IAMSOBAD]

Yoshi I went to the Bangkok Bank office on the 10th floor of Emporium. Had computers and coffee but no Farangs hanging out trading. Tomorrow I will try Ploenchit office.

They have brokers there for stocks...ETFs and typical SET trades. Many people were trading gold. Half shorting and half going long.

Edited May 20, 2013 by IAMSOBAD

[PCA]

Yoshi I went to the Bangkok Bank office on the 10th floor of Emporium. Had computers and coffee but no Farangs hanging out trading. Tomorrow I will try Ploenchit office.

lol

[yoshiwara]

Yoshi I went to the Bangkok Bank office on the 10th floor of Emporium. Had computers and coffee but no Farangs hanging out trading. Tomoi will try Ploenchit office.

What is it you are looking for? Every falang has a different pet area of investment. eg gold, palm oil and so on. Seriously, if you are not sure where to invest but want to make an investment in the SET, don't go out looking for a silver bullet. Why not put your cash on say 3 month cash deposit and then at the end of each period allocate some cash to an SET ETF or mutual fund to smooth out some volatility in the markets. The broker counter can give you a list of candidates.

Edited May 20, 2013 by yoshiwara

[IAMSOBAD]

I'm looking at hospital stocks...banks and Siam Cement and Thai Tap Water.

I only buy physical metals....not paper.

[yoshiwara]

I'm looking at hospital stocks...banks and Siam Cement and Thai Tap Water.

Any of them pay 4%+ dividend?

[IAMSOBAD]

I will check about dividends. Do you have any in mind. Gold is schizophrenic this week. Yesterday I got 5 Baht Gold bars at 19000.

I'm heavily in Fidelity Magellan Fund in US and have great coverage in all sectors. I want SET stocks and to use cash here that I have parked in gold since 2009.

Edited May 21, 2013 by IAMSOBAD

[IAMSOBAD]

Up 33...Down 33...blah blah blah waiting for Feds to hint.