LOL yeah I don't think me 2800sqm section would be big enough plus the neigbours wouldn't like it
I have had to sell down some of my silver to help out on the new house
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My missus has a decent collection of jewelery and my father in law pays for the locker(no trust in son in law!). I tried to sweet talk into selling some, but she reckons it is going to go a lot higher-she is not having any bull**** from me(cant fault her given my performance in shares). I dont know when this madness is going to end and I am not a gold fan(no income from gold). Good luck to all the gold fans and you have done exceedingly well. Enjoy as long as it lasts.
i am thinking the PM's are close to peaking or already have. Silver did what might be described as a blow off and the candle has an extended upper wick. It hit another 161% fib and last time it did that it corrected a lot.
Commodities have been big news, even commodities like milk, up 14%, eggs, up 18%, (in the USA).
Can't help thinking something bad's going to happen, reminds me of when property prices were going crazy.
Goldbugs say it's going to the former inflation adjusted high of around $2500, Cramer on CNBC says $2000.
I can't imagine why, these are utterly random numbers, the PoG will top out when the last buyer is in. Gold's only worth what someone's going to pay for it, the $US is climbing and those who reckon it's going to be worthless are going to lose out.
Headline in the FT today.
'Irish Contagion Hits Wider Eurozone'.
$US on the way up.
Hi Skol, I have only posted my views once back on page 37, did not feel like a debate too much with a devils advocate but over the past 11 months...
NZX50 is up less than 3%, ASX200 up less than 5%, NZD up 6%, Dow up 14% or 8% in NZD, and Gold up over 25%. Having an allocation to Gold has definitely helped a lot of portfolios, including my own.
Would love to know what other asset classes you have been investing in since you begin this thread 11 months ago, and the returns of said assets?
Any problems with any of major currencies will be favourable for the price of gold in the long run. Sure a flight to the USD will occur short term and that could cause the PoG to move sideways or correct a bit. But in the long run this is all good for the price of gold. Just one more factor towards a decrease of confidence in fiat money.
Commodities up (milk /eggs..) This sounds like inflation? hmmm.. Just not in property? How do they weight the CPI figures these days?
Read some of my previous posts, I do a monthly tot up and it's up about 40% on 1 year ago. I've also taken the opportunity to oollect a few that have potential or a bit neglected. DOW, TOL, RDR, PDN, TLS, some of my profits due to AUD/NZD.
I'm not interested in joining the herd, it can be fatal.
I'm going to retire in a few years and I don't want to see my portfolio savaged by something like 1980. Own a diversified natural resources fund I've been in for about 15 years.
KingWorldNews.com - 11/5/2010
They (the Fed) did not say they were going to stop in mid 2011, in fact they didn't say they were going to stop at all... what it does do (QE2) is destroy the value of the dollar and make the debt affordable. The country (USA) is bankrupt. That has been documented by the IMF. The way out of the bankruptcy obviously is to print money and make the dollar worthless so you can pay back the creditors in worthless money... printing money only helps debtors get out from under their debt and the biggest debtor is the United States of America and the Federal Reserve.... we're gonna get to the middle of 2011 and the economy will be in worse shape than it is today and they'll (The Federal Reserve) will just keep going.
- Jim Rickards