So is now the time to go and buy some gold?

[Asiantravel]

James Turk-Money Bubble About to Pop

He actually says he DON"T know where it is going. So much for an analyst, but fair enough.

What if all people buy gold as much as they can. Price will eventually go up which is not bad for the gold-dollar ratio.

Then we have another 1933 and you can deliver your gold at a waste amount. Illuminati repeats itself as they don't seem to have any better scenario. Check history.

but in 1933 there were not millions of middle-class Indians and Chinese who would pay I think a little bit more than a waste amount? In fact the Indians still have more faith in gold than their own currency.

[midas]

Dr Faber - "Boom, Gloom & Doom" suggests that gold is the go. He is never incorrect in his predictions - is he?

that's what some of Faber's cheerleaders are preaching to the ignorants.

What exactly is your point Naam? . Are you implying we should disbelieve Marc Faber and these additional 7 people and only believe what you think and say? Explain why you regard what these people are saying is wrong.

http://theeconomiccollapseblog.com/archives/8-financial-experts-that-are-warning-that-a-great-financial-crisis-is-imminent

[Naam]

Dr Faber - "Boom, Gloom & Doom" suggests that gold is the go. He is never incorrect in his predictions - is he?

that's what some of Faber's cheerleaders are preaching to the ignorants.

What exactly is your point Naam? . Are you implying we should disbelieve Marc Faber and these additional 7 people and only believe what you think and say? Explain why you regard what these people are saying is wrong.

http://theeconomiccollapseblog.com/archives/8-financial-experts-that-are-warning-that-a-great-financial-crisis-is-imminent

i have wasted too much time on gloom&doomers already and i referred to Marc Faber and his gold recommendations not to "additional 7 people" who's opinions are of less interest to me than the digestive proceeds of my two dogs.

in Thaivisa thread "Financial Crisis" i submitted two or three years ago proof that Faber can be very much wrong with his predictions and suggestions listing a number of share recommendations which turned out to be flops. that he is wrong³ with his several years of uninterupted recommendations to buy gold (CNBC, Bloomberg and his publications) is evident looking at the gold price since it peaked four years ago.

capital loss 43% plus yield loss minimum 20% = total loss >60% = linear -15% p.a.

[Asiantravel]

Gold Bullion Demand In 'Chindia' Heading Over 2,000 Metric Tonnes Again

• Shanghai Gold Exchange deliveries at 73.289 tonnes last week
• 3rd largest week of gold withdrawals ever on SGE
• Both China and India heading for over 1,000 metric tonnes in 2015 … again
• India imports 96.1 tonnes in May alone
• 'Chindia' imports 296.55 tonnes in May - 14% greater than global production
• South Korean gold demand surges in wake of Chinese crash
• Asian and global gold demand robust contrary to anti-gold narrative

Edited August 6, 2015 by Asiantravel

[Naam]

source Crédit Suisse

Published: August 11, 2015

Conventional wisdom says that gold is a ‘safe haven’, an asset to which investors flock when chaos threatens financial markets. Over much of the past century, it has served as a store of value. Those days may be over. Despite several such potential negative events in recent months, investors have wanted nothing to do with the yellow metal.

June and July featured exactly the kind of events that would have driven gold prices higher in the past – the Chinese stock market fell sharply and Greece came within inches of exiting the euro zone. But even the two of them combined didn’t have the usual effect. On July 8, when Chinese stocks touched a new low and Greek politicians were rushing to meet a deadline critical to a deal with their European creditors, gold was down 3 percent from the beginning of June. The yellow metal has fallen further since. At $1,092 an ounce, it is down 8.5 percent since the beginning of June and 9.5 percent from the beginning of the year.

The price of gold entered risky territory on July 16, when it slipped below $1,140 an ounce, the lower end of a long-held trading range. Stefan Graber, Credit Suisse’s Head of Alternative Investment Strategy, points out that there were a large number of open put options with strike prices between $1,000 and $1,400 per ounce. Many investors who had bought puts to limit their downside exposure to gold, the price of which had been falling gradually since the beginning of the year, exercised their options during the slide.

Then, on July 17, China’s central bankers announced that they had been buying less gold than many market participants believed – about 100 tons a year – over the last six years. Many market participants had believed that China was hoarding vast quantities of gold, and that the precious metal was key to its reserves diversification strategy. But when the country’s actual gold holdings turned out to be smaller than expected, it became clear that gold isn’t quite as critical to Chinese central bankers as many had believed. That news dampened expectations about how much gold the central bank might buy in the future, and likely helped trigger a steep slide that began on July 17 and troughed with a closing price at $1,080, a low for the year, on July 23. Graber believes the sharp decline triggered technical selling not only among those holding gold options, but also by investors who had placed stop-loss orders when buying exchange-traded funds that track the price of gold.

China’s isn’t the only central bank investors are concerned about. As the dollar has strengthened this year, central bankers in emerging markets have been using their foreign exchange reserves to prop up their currencies. While under normal circumstances officials might be buying a broad range of assets, including gold, they’re now focused on selling their reserves (mostly dollars) and buying local currency instead.

The price of gold should come under even more pressure when the Federal Reserve raises interest rates, a move Credit Suisse expects in September. Rising rates should lend further strength to the dollar, intensifying pressure on emerging market currencies. In addition, gold loses its luster when interest rates rise, since it doesn’t bear interest. With inflation expected to remain relatively subdued in developed economies over the next year, there isn’t likely to be much demand for gold as an inflation hedge, either.

The physical gold markets in India and China ‒ another very big driver of global demand — have also been sluggish recently. Indian gold imports, though higher in the first half of this year than in 2014, are about 200 tons below the record-setting pace of 2011. In order to narrow the country’s current account deficit, the Indian government has implemented a number of programs over the past year to curb gold imports, such as raising import duties to 10 percent. Policymakers have also introduced gold-linked bonds and interest-bearing bank accounts for physical gold deposits, hoping that Indian families will turn to “paper gold” as a store of value, thus freeing up actual gold to meet domestic demand. Meanwhile, in China, the ongoing anti-corruption campaign helped reduce demand for physical gold 20 percent in the first quarter of 2015 compared to the two previous years, Graber says.

While the price of gold is less dependent on supply than other metals, since most of the gold ever mined still exists in some form, a sharp drop in mining production could conceivably put upward pressure on the price of the metal. But, so far, miners haven’t cut production – in fact, says Graber, they’ve ramped up. That’s partly because falling input costs have helped cushion the blow of lower prices. The cost of fuel and mining equipment has declined, while currencies in many of the world’s largest producer countries (China, Russia, Australia, South Africa, and Canada) have depreciated in recent months, reducing labor costs relative to gold’s price, which is quoted in US dollars. Besides, falling prices haven’t yet made gold production unprofitable. Although industry cash costs vary widely, the average is estimated at $750 per ounce. Sorry, gold bugs – for now, there seems to be precious little hope of prices moving higher anytime soon.

https://www.thefinancialist.com/no-hope-for-gold-bugs/

[gazzasore]

[gazzasore]

https: Please delete this

some how it double posted and there is no way to delete a post

Edited August 12, 2015 by gazzasore

[gazzasore]

[midas]

[Asiantravel]

source Crédit Suisse

Published: August 11, 2015

Conventional wisdom says that gold is a ‘safe haven’, an asset to which investors flock when chaos threatens financial markets. Over much of the past century, it has served as a store of value. Those days may be over. Despite several such potential negative events in recent months, investors have wanted nothing to do with the yellow metal.

June and July featured exactly the kind of events that would have driven gold prices higher in the past – the Chinese stock market fell sharply and Greece came within inches of exiting the euro zone. But even the two of them combined didn’t have the usual effect. On July 8, when Chinese stocks touched a new low and Greek politicians were rushing to meet a deadline critical to a deal with their European creditors, gold was down 3 percent from the beginning of June. The yellow metal has fallen further since. At $1,092 an ounce, it is down 8.5 percent since the beginning of June and 9.5 percent from the beginning of the year.

The price of gold entered risky territory on July 16, when it slipped below $1,140 an ounce, the lower end of a long-held trading range. Stefan Graber, Credit Suisse’s Head of Alternative Investment Strategy, points out that there were a large number of open put options with strike prices between $1,000 and $1,400 per ounce. Many investors who had bought puts to limit their downside exposure to gold, the price of which had been falling gradually since the beginning of the year, exercised their options during the slide.

Then, on July 17, China’s central bankers announced that they had been buying less gold than many market participants believed – about 100 tons a year – over the last six years. Many market participants had believed that China was hoarding vast quantities of gold, and that the precious metal was key to its reserves diversification strategy. But when the country’s actual gold holdings turned out to be smaller than expected, it became clear that gold isn’t quite as critical to Chinese central bankers as many had believed. That news dampened expectations about how much gold the central bank might buy in the future, and likely helped trigger a steep slide that began on July 17 and troughed with a closing price at $1,080, a low for the year, on July 23. Graber believes the sharp decline triggered technical selling not only among those holding gold options, but also by investors who had placed stop-loss orders when buying exchange-traded funds that track the price of gold.

China’s isn’t the only central bank investors are concerned about. As the dollar has strengthened this year, central bankers in emerging markets have been using their foreign exchange reserves to prop up their currencies. While under normal circumstances officials might be buying a broad range of assets, including gold, they’re now focused on selling their reserves (mostly dollars) and buying local currency instead.

The price of gold should come under even more pressure when the Federal Reserve raises interest rates, a move Credit Suisse expects in September. Rising rates should lend further strength to the dollar, intensifying pressure on emerging market currencies. In addition, gold loses its luster when interest rates rise, since it doesn’t bear interest. With inflation expected to remain relatively subdued in developed economies over the next year, there isn’t likely to be much demand for gold as an inflation hedge, either.

The physical gold markets in India and China ‒ another very big driver of global demand — have also been sluggish recently. Indian gold imports, though higher in the first half of this year than in 2014, are about 200 tons below the record-setting pace of 2011. In order to narrow the country’s current account deficit, the Indian government has implemented a number of programs over the past year to curb gold imports, such as raising import duties to 10 percent. Policymakers have also introduced gold-linked bonds and interest-bearing bank accounts for physical gold deposits, hoping that Indian families will turn to “paper gold” as a store of value, thus freeing up actual gold to meet domestic demand. Meanwhile, in China, the ongoing anti-corruption campaign helped reduce demand for physical gold 20 percent in the first quarter of 2015 compared to the two previous years, Graber says.

While the price of gold is less dependent on supply than other metals, since most of the gold ever mined still exists in some form, a sharp drop in mining production could conceivably put upward pressure on the price of the metal. But, so far, miners haven’t cut production – in fact, says Graber, they’ve ramped up. That’s partly because falling input costs have helped cushion the blow of lower prices. The cost of fuel and mining equipment has declined, while currencies in many of the world’s largest producer countries (China, Russia, Australia, South Africa, and Canada) have depreciated in recent months, reducing labor costs relative to gold’s price, which is quoted in US dollars. Besides, falling prices haven’t yet made gold production unprofitable. Although industry cash costs vary widely, the average is estimated at $750 per ounce. Sorry, gold bugs – for now, there seems to be precious little hope of prices moving higher anytime soon.

https://www.thefinancialist.com/no-hope-for-gold-bugs/

" The price of gold should come under even more pressure when the Federal Reserve raises interest rates "

[gazzasore]

The Fed is not going to be raising Interest Rates They can't it will crash the economy immediately

And they guy is also wrong about Gold producers

in Western Australia alone there are 30,000 miners unemployed

Mining companies are producing less in Times like this they only mine Higher Grades and leave the lower grade

Many mines have closed too or put in Care and Maintenance and many new mines are put on hold till the price rises

So the article is more propaganda

Edited August 13, 2015 by gazzasore

[Rancid]

Here we go, if you are looking for a good doom rant you can't go past Jim Willie. Here's his latest:

http://news.goldseek.com/GoldenJackass/1439151178.php

Whether you entirely believe his view or not he does make some interesting points. As always he has some thoughts on gold.

[stament]

Any chance Willie can summarise his views? That article is like war and piece!

[Asiantravel]

The Fed is not going to be raising Interest Rates They can't it will crash the economy immediately

And they guy is also wrong about Gold producers

in Western Australia alone there are 30,000 miners unemployed

Mining companies are producing less in Times like this they only mine Higher Grades and leave the lower grade

Many mines have closed too or put in Care and Maintenance and many new mines are put on hold till the price rises

So the article is more propaganda

" The Fed is not going to be raising Interest Rates They can't it will crash the economy immediately "

Bloomberg has just announced the biggest U.S. business inventories surge in 29 months

[stament]

I thought they planned to raise in Sept according to all the news reports I read a couple of weeks back. Is the Chinese devaluation forcing them to change their strategy?

[gazzasore]

They have been saying they are going to raise it for 5 years and how many times have they raised it in the last 5 years

They can't raise it it will collapse the economy

You raise interest rate to slow economies when they have too much growth

Well things are much worse now than they were before the 2008 crash

Its not to hard to work out

[gazzasore]

T a double post again why is it doing that

Edited August 13, 2015 by gazzasore

[stament]

I realise they raise interest rates when they want to slow down the economy and also when they worry about inflation. However, I thought the fed was sufficiently happy to raise rates a little now, well at least until up until last week as interest rates are extremely low.

[gazzasore]

http://goldsilver.com/video/jim-rickards-how-china-s-devaluation-impacts-the-u-s/

[gazzasore]

Jim Rickards - How China’s Devaluation Impacts The U.S.

http://goldsilver.com/video/jim-rickards-how-china-s-devaluation-impacts-the-u-s/

Edited August 14, 2015 by gazzasore

[gazzasore]

Hillary’s Email Crimes, Currency Wars Accelerate, Kerry Warns of Dollar Dive if No Deal

[Asiantravel]

I realise they raise interest rates when they want to slow down the economy and also when they worry about inflation. However, I thought the fed was sufficiently happy to raise rates a little now, well at least until up until last week as interest rates are extremely low.

" sufficiently happy to raise rates a little now "

they only want to raise rates now so they have room to lower them again when (not if) things go sour again

there is as much free choice in it as if Don Corleone had made you an offer you couldn't refuse

[stament]

So you're not expecting them to raise the rate in September then one can safely assume Asiantravel

[Asiantravel]

So you're not expecting them to raise the rate in September then one can safely assume Asiantravel

but desperate people do desperate things but if they do they will be severe consequences. I'm just saying that the way you expressed it it sounded like everything is ticking along nicely which it's not!

and if they do raise them in September or December i can't possibly see how they can stay up for very long

[gazzasore]

http://goldsilver.com/video/marc-faber-i-see-a-global-recession-coming/

[gazzasore]

8 Reasons Why The Telegraph Thinks The Market Doomsday Clock Is One Minute To Midnight

http://www.zerohedge.com/news/2015-08-17/8-reasons-why-telegraph-thinks-market-doomsday-clock-one-minute-midnight

[Lukecan]

I think the fair value of gold is around $400-500/ounce in this environment. We should not forget the fact that it was $250-300 ounce not that long time ago, around 2002-2003.

Edited August 17, 2015 by Lukecan

[gk10002000]

I am not a fan of buying something and just hoping for some capital appreciation. Sure some things may go up, but in the meantime your money sits their earning nothing. The one thing I am sure of is that interest rates will rise. So the key question is what to buy now to position oneself to take advantage of that? I personally think real estate, primarily rental things will be good in general. Houses are going to become less affordable as interest rates rise and mortgages increase, so my theory is that rental units and properties will go up in value. The people that own those units have their mortgage rates locked in. So now they rent them and probably will be able to raise the rent they charge. There are several Mutual Funds and ETFs and even some REITs one can buy. I personally have NLY in my two IRA accounts.

[WorkingTourist]

Houses are going to become less affordable as interest rates rise and mortgages increase

There’s certainly something to it, but the low rates create more demand, so it’s not unlikely to see prices go down, if interest rates increase.

[Asiantravel]

Hedge fund billionaire Stan Druckenmiller has made a huge bet on gold

http://www.businessinsider.com/druckenmiller-buys-gld-shares-2015-8