Gold Prices To Revive; Bear Market Remains

[webfact]

Gold prices to revive; bear market remains
By English News



BANGKOK, April 18 – The plunging gold prices which caused panic selling in the Thai bullion market after the long Songkran holiday will gradually inch up at a minimal level, according to analysts at the Gold Research Centre.

Kamonthan Pornpaisarnvijit said more than 200 tonnes of gold have been sold in the global market since early this year, reflecting fragile investor sentiment and signaling a bear market.

More than that, several other factors have contributed to dropping gold prices, a possible sell off by the Cyprus central bank, the predicted termination of US liquidity measures, and inflation volatility due to sagging economic growth of emerging countries especially China.

Phusit Wonglorsaichon said the swift slide of gold prices in the last several days was not unpredicted but the fall was unexpectedly sharp and abrupt, from US$1,561 per ounce to $1,477 per ounce – $84 or 5.4 per cent lower – in just one day last Friday.

The price nosedived by $125 or 8.5 per cent to close at $1,352 on Monday.

The gold price dropped by $209 or 13.4 per cent in only two days. Compared to last October when gold price was at $1,781, its value has plunged by $429 or 24.1 per cent.

The phenomenon has resulted in a short-term psychological impact among investors who had rushed to buy the yellow metal, while the Thai bullion market also witnessed panic selling, Mr Phusit said. (MCOT online news)


-- TNA 2013-04-18

[yoshiwara]

With so many fully paid up gold bugs and their jewellery loving girlfriends living in Thailand I am surprised the price hasn't rocketed up immediately.

[kiniyow]

Today the Thais were Mainly buying...My Faith in Gold will not Tarnish~~~

[RogueLeader]

They didn't predict the crash, they won't predict the recovery.

[tragickingdom]

That is of course if the US or certain European countries are not forced to sell their gold in order to get their debts under control. There will be a moment in time when the entire world gives the Americans and English the thumbs down as they only print money and if the repo men come hundreds of billions in worthless gold will hit the market.

[Naam]

That is of course if the US or certain European countries are not forced to sell their gold in order to get their debts under control. There will be a moment in time when the entire world gives the Americans and English the thumbs down as they only print money and if the repo men come hundreds of billions in worthless gold will hit the market.

it's especially the Americans who will be scared sh*tless once the "repo men" foreclose on the White House and the Pentagon.

[MrWorldwide]

Fantastic - five threads on the price of Thai gold - have I staggered into an English language forum dedicated to the aspirations of Thai working girls ?

[how241]

They didn't predict the crash, they won't predict the recovery.

+1

[HerbalEd]

They didn't predict the crash, they won't predict the recovery.

If one were to believe many of the posters here on TV ... the powers that be can completely control the exact rise and fall of gold prices ... so they could predict (and cause the crash and the recovery. Right? Well, I say BS to that.

[HerbalEd]

Don't you just love all the experts on gold pricing ... and all other things ... who are sooo sure that they are right about everything they say ... and who have all the inside scoop than no one else has?

[expatsupreme]

How are you buying gold, and where? Do you actually own gold bars, or you just buy proof of purchase?

I think now is the time to buy because the price is dropping and it will rise again for sure

[dunque]

Fantastic - five threads on the price of Thai gold - have I staggered into an English language forum dedicated to the aspirations of Thai working girls ?

Ah yes, because no other Thais are interested in gold.

[phil2]

They didn't predict the crash, they won't predict the recovery.

They did. About two or three weeks ago.

[shaurene]

They didn't predict the crash, they won't predict the recovery.

A number of Europen countries are selling, Italy, Spain, Greece to get some cash in their central banks. If the USA start getting some good results back for thier economy the $ will strengthen and this will make gold go down again as it will take less US$ to buy the gold, if the US$ keeps going down then the gold will go up as it takes more $US to buy it. But cannot see the US$ surging ahead within the next 10 years it all looks to the US going bankrupt, moodys indicated they will put their rating down for the US very soon. I bought 1000ozs silver at US$27 few weeks ago it is now $23 so just keep hold it will come back. Same if you have money you do not need for a few years buy gold or silver.

[shaurene]

How are you buying gold, and where? Do you actually own gold bars, or you just buy proof of purchase?

I think now is the time to buy because the price is dropping and it will rise again for sure

To buy find metal traders and buy from them I prefer to hold it, I have 1000ozs silver in 1oz bars that I hold, I would not trust buying it with a certificate, the metal trader may decide to go up and keep it all.

[yoshiwara]

They didn't predict the crash, they won't predict the recovery.

A number of Europen countries are selling, Italy, Spain, Greece to get some cash in their central banks. If the USA start getting some good results back for thier economy the $ will strengthen and this will make gold go down again as it will take less US$ to buy the gold, if the US$ keeps going down then the gold will go up as it takes more $US to buy it. But cannot see the US$ surging ahead within the next 10 years it all looks to the US going bankrupt, moodys indicated they will put their rating down for the US very soon. I bought 1000ozs silver at US$27 few weeks ago it is now $23 so just keep hold it will come back. Same if you have money you do not need for a few years buy gold or silver.

Buy silver at $27 and now it is $23. Truly an expert.

[Joe Mamma]

I heard that many pirates died from holding on to too much gold when their ship went down. It makes good ballast though>.

[Naam]

How are you buying gold, and where? Do you actually own gold bars, or you just buy proof of purchase?

I think now is the time to buy because the price is dropping and it will rise again for sure

To buy find metal traders and buy from them I prefer to hold it, I have 1000ozs silver in 1oz bars that I hold, I would not trust buying it with a certificate, the metal trader may decide to go up and keep it all.

[canman]

How are you buying gold, and where? Do you actually own gold bars, or you just buy proof of purchase?

I think now is the time to buy because the price is dropping and it will rise again for sure

If you bought gold:

30 days ago, you have lost 13.6%

6months ago, you have lost 20.2%

1 year ago, you have lost 15%

5 years ago, you have gained 52%

Looks like a suckers bet to me

[Naam]

How are you buying gold, and where? Do you actually own gold bars, or you just buy proof of purchase?

I think now is the time to buy because the price is dropping and it will rise again for sure

If you bought gold:

30 days ago, you have lost 13.6%

6months ago, you have lost 20.2%

1 year ago, you have lost 15%

5 years ago, you have gained 52%

Looks like a suckers bet to me

a sucker's bet is calculating gain percentages without taking inflation into consideration. the claim of a sucker financially ignorant person as specified below is ridiculous:

"if you bought 33 years ago gold at $850 you have gained 64%"

reality shows that (even a conservative 4%) compounded inflation caused a loss exceeding 70%, potential yields on invested capital not considered.

summary: some goldlovers should consider to catch up and acquire basic knowledge of utmost simple financial calculations.

[expatsupreme]

How are you buying gold, and where? Do you actually own gold bars, or you just buy proof of purchase?

I think now is the time to buy because the price is dropping and it will rise again for sure

If you bought gold:

30 days ago, you have lost 13.6%

6months ago, you have lost 20.2%

1 year ago, you have lost 15%

5 years ago, you have gained 52%

Looks like a suckers bet to me

ARE YOU INSANE????

Check this link

http://www.goldprice.org/spot-gold.html

the price of gold doubled in 5 years

it went from 600 to 1200 EUR

in 15 years it went from 300 to 1200

few monhts back it was 1400

What are you talking about dude????

where are people loosing money long term?

[Naam]

in 15 years it went from 300 to 1200

few monhts back it was 1400

What are you talking about dude????

where are people loosing money long term?

people who bought gold long term, meaning 25-30 years

ago lost big Dude.

[easton]

That is of course if the US or certain European countries are not forced to sell their gold in order to get their debts under control. There will be a moment in time when the entire world gives the Americans and English the thumbs down as they only print money and if the repo men come hundreds of billions in worthless gold will hit the market.

You honestly think the US Government has that much gold left? When was the last time an audit was done.....................oh that's right never. It's all smoke and mirrors baby

[expatsupreme]

in 15 years it went from 300 to 1200

few monhts back it was 1400

What are you talking about dude????

where are people loosing money long term?

people who bought gold long term, meaning 25-30 years

ago lost big Dude.

Can you explain how these people lost money longterm??

in 15 years it went from 300 to 1200 USD

I dont get it, because I am in the process of buying gold myself so I would like to know

[Naam]

in 15 years it went from 300 to 1200

few monhts back it was 1400

What are you talking about dude????

where are people loosing money long term?

people who bought gold long term, meaning 25-30 years

ago lost big Dude.

Can you explain how these people lost money longterm??

in 15 years it went from 300 to 1200 USD

I dont get it, because I am in the process of buying gold myself so I would like to know

see above, i mentioned "my" longterm which is longer than 15 years.

let's do a little calculating:

Expat-X bought 10 ounces Gold in april 1983.....$ 4365.00

his Gold is valued in april 2013...........................$14,065.00

difference...........................................................$ 9,700.00

-if we assume a very conservative low inflation rate of 4% p.a.

today's purchase power of the $9,700 is $2,850 --

-if we assume a very conservative continous investment yield

of 4% p.a. his invested $4365.00 are now $14,160 and, at an

inflation rate of 4%, their purchase power today is $4,161 --

difference +46%

************************************************************************

this is just an example targeting the claim "longterm"!

possible results are of course infinite and depend on a variety

of factors (too many to list).

[mania]

With so many fully paid up gold bugs and their jewellery loving girlfriends living in Thailand I am surprised the price hasn't rocketed up immediately.

I have to say the funniest thing about all these gold threads is that they are mainly populated by paper bugs

who see gold bugs in every nook & cranny.

Edited April 21, 2013 by mania

[Forkinhades]

They didn't predict the crash, they won't predict the recovery.

+1

+1

Does anybody look at the history graphs? http://www.macrotrends.org/1333/gold-and-silver-prices-100-year-historical-chart

Got to love this aswell http://www.bangkokpost.com/news/local/346239/bangkok-bargain-hunters-snap-up-low-cost-gold

So thats it then I am off to buy gold as it can only go up

[fredob43]

It's not rocket science. Gold till 97 had been almost static then it started to go through the roof mainly due to international problem's now easing ??? It has been well over priced for more than a year.

All it neaded was a hint like the one from Cyprus with their little bit that they might sell and the bottom fell out of it. With the like's of Hungary Slovenia Italy Portugal Spain in line to do the same all it would need to drop huge amount's more is one of them to open their mouth's and bingo another 30% over night.

If your willing to take the gamble up to you, you might make a small profit in the next few month's or so and then it could be curtain's.

Edited April 21, 2013 by fredob43

[Naam]

7

It's not rocket science. Gold till 97 had been almost static then it started to go through the roof mainly due to international problem's now easing ??? It has been well over priced for more than a year.

All it neaded was a hint like the one from Cyprus with their little bit that they might sell and the bottom fell out of it. With the like's of Hungary Slovenia Italy Portugal Spain in line to do the same all it would need to drop huge amount's more is one of them to open their mouth's and bingo another 30% over night.

If your willing to take the gamble up to you, you might make a small profit in the next few month's or so and then it could be curtain's.

no fairy tales or wild assumptions out of thin air please, facts only! Gold did not start going through the roof in 1997. actually it lost ~20% (jan>dec 1997) falling from $360 to $290.

and neither did Gold go through the roof in 1998, nor in 1999, nor in 2000 nor in 2001 and not in 2002.

the first tangible movements up started in december 2003 with Gold crossing $400.

as far as your other assumptions are concerned i refrain to comment. reason: i don't want to spoil a nice and relaxing sunday morning, my dogs and i had a good breakfast and now we are contemplating either a nap or perhaps a dip in the pool.

[yoshiwara]

With so many fully paid up gold bugs and their jewellery loving girlfriends living in Thailand I am surprised the price hasn't rocketed up immediately.

I have to say the funniest thing about all these gold threads is that they are mainly populated by paper bugs

who see gold bugs in every nook & cranny.

Where the GF wears her gold is really up to her.