To Buy Or Not To Buy Will Gold Keep Falling

[AnotherOneAmerican]

Just look at historical prices - gold is still 2 to 3 times its average historic price.

http://www.moneyweek.com/news-and-charts/market-data/gold

what, pray tell, is gold's average historic price?

$1 an ounce of less. For all of history.

$700 an ounce for history of the last 12 years.

you call 12 years "historic"?

I added the 12 years average for those who like "short-time"

[mccw]

PIGS=loser countries in southern europe

add Ireland to get PIIGS.

I'd also add France... need a new acronym. PIFIGS ? FIPIGS ? FPIIGS ? your choice.

What I hear from the general public is that people are BUYING more gold.

Which bar would that be?

Any... most Thai people at the moment say "gold very cheap now" and "it walways goes up"... pointing out the incoherence is no use.

But: I have come to learn that when everyone from your hairdresser to the taxi driver talks about an investment being good - then it's time to get out.

You mean like UK property in the 90s? Which is still now multiples of those prices .......

[yoshiwara]

You mean like UK property in the 90s? Which is still now multiples of those prices .......

and with property you can live in it or rent it out ie there is a return on top of the price.

[carken]

Gold like any commodity or stock is totally unpredictable. If anyone could even come close to predicting with "consistency" any of those area's they would be rich beyond any one's wildest dreams.

Now they're are certain individuals (a small group) that manipulate these areas and reap the wealth and benefits. These people are referred to as TPTB (The Powers That Be) and/or ERC's (Elite Ruling Class) and/or the 1%er's (richest 1% of all populations) Through these manipulations TPTB, ERC and 1%er's ARE the wealthiest people in the world. With this wealth they buy and control 95% of all politicians and governments of the world. The cream at the top or the very wealthiest of TPTB, ERC and 1%er's are the world bankers.

The world bankers manipulate and control all fiat currency (paper money) and are deathly afraid of hard assets such as gold or silver being used as currency or tokens of exchange because hard assets are extremely hard to control. They are also deathly afraid of the Internet as it is now being used as a tool by a few of us they call the "small brained lesser little people" or the "sheeple" these are the names actually used by the TPTB, ERC and 1%er's to refer to you, I, we, our family and friends. "They" also use war as a tool to control and thin out their "sheeple" but that's another story.

If you really want something that comes close to a crystal ball for investing try "education", that's what the Internet is for instead of complaining, wondering and watching funny video's. You can start with a YouTube video titled "Risk - It's Not Just A Board Game". here's the URL

The video moves fast so do yourself a favor and just because the first half is hard to follow if you are short on financial education do stay with it as from the middle to the end it all falls into place and you will have in just a few short minutes a great education on gold and the bankers ponzi schemes that will in the end be their demise if enough "sheeple" use the Internet to educate and arm themselves with "EDUCATION" the greatest weapon we have in today's war with TPTB, ERC and 1%er's and believe me folks we are in a war. A war that we can and must win but it takes "EDUCATION"

[AnotherOneAmerican]

I always thought the internet was for people without the attention span required to obtain a real education.

Back to gold, my prediction is it will drop until the end of the month. Nothing to back this up, it's a prediction.

[NeverSure]

eg the massive queues outside Apple stores had people piling into Apple

shares all the way up to $700. it was going to $1000 for sure.

Apple will soon launch a new product, the iLOST™ which is aimed at those who

bought AAPL shares at $700.

Funny.

After that it will be the iLOST™ Ver. II for those who think the IPhone will still be around in 5 years.

[yoshiwara]

Chinese Gold & Silver Exchange Society has essentially sold out of

gold bullion, and must wait until Wednesday for shipments to arrive from

Switzerland and London.

surely a big consolation for those who lost ~25% during the last 1½ years.

Clearly the increased demand for gold bullion from punters on the street is because the price has gone up. Right?

[Suradit69]

Chinese Gold & Silver Exchange Society has essentially sold out of

gold bullion, and must wait until Wednesday for shipments to arrive from

Switzerland and London.

surely a big consolation for those who lost ~25% during the last 1½ years.

Clearly the increased demand for gold bullion from punters on the street is because the price has gone up. Right?

Generally demand increases when prices go down.

This article tends to underline that idea:

World Physical Gold Demand Goes Parabolic

http://seekingalpha.com/article/1356061-world-physical-gold-demand-goes-parabolic?source=yahoo

And, it should be noted, this is demand for physical not (yet) for the ETFs or stocks of miners.

[carken]

I always thought the internet was for people without the attention span required to obtain a real education.

Back to gold, my prediction is it will drop until the end of the month. Nothing to back this up, it's a prediction.

And your definition of a "real" education would be ........ ???? I'm guessing you are one with a "real" education

[AnotherOneAmerican]

I always thought the internet was for people without the attention span required to obtain a real education.

Back to gold, my prediction is it will drop until the end of the month. Nothing to back this up, it's a prediction.

And your definition of a "real" education would be ........ ???? I'm guessing you are one with a "real" education

Please excuse my use of the word "real" and replace it with the word "formal".

[yoshiwara]

I always thought the internet was for people without the attention span required to obtain a real education.

Back to gold, my prediction is it will drop until the end of the month. Nothing to back this up, it's a prediction.

And your definition of a "real" education would be ........ ???? I'm guessing you are one with a "real" education

Please excuse my use of the word "real" and replace it with the word "formal".

A decent grade in GCSE Maths might help. Some gold bugs seem to have a little difficulty even distinguishing between a '+' and '-" sign.

[carken]

I always thought the internet was for people without the attention span required to obtain a real education.

Back to gold, my prediction is it will drop until the end of the month. Nothing to back this up, it's a prediction.

And your definition of a "real" education would be ........ ???? I'm guessing you are one with a "real" education

Please excuse my use of the word "real" and replace it with the word "formal".

So after one completes their "formal" education the educational or learning mode is discontinued?

Not trying to pick on you AOA just trying to understand your seemingly disdain for the internet as an educational source or tool. Many informed educated intelligent persons such as yourself have said the internet is the greatest thing to happen to and for education since the Gutenberg press which changed the world by fast tracking education. Provided one has the intelligence and patience to filter the bull s**t

Also the internet has been and excellent source for keeping track of your, my, our governments Empire building and impact on world peace and thinning of the sheeple herd. Like myself I presume from your AOA moniker that you are a patriot and only ended up in Thailand for a delightful "Change of Pace" for a few short years and do plan on returning to "our" homeland once the smoke and mirrors has cleared. May peace go with you and your chip remains clear and functional.