I guess that holding your silver is like a horse race, more fun if you have a bet on Skol. But does this mean that you also consider silver will keep going for a bit longer?
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yes my NAV investment hasn't done much in the last qtr but more confindent for better results in the next Qtr overall still up near 80% from first buy-
--good to here your holding onto the silver bars if only your'd brought more years ago your be up 125% yr on yr
-speculative mania far from it though it does look like Silver has moved into the 2nd phase
by the way America’s statutory debt limit of $14.3 trillion will be reached sometime in early May what you reckon will happen SKOL --lift it to 20 trillion ?
Here's a UK report chaired by Paddy Ashdown, a House of Lords member. It's all about how the UK can help more with natural disasters around the world, and contains an interesting map of the hotspots. (NZ looks to be in the clear?)..but the press have taken a different view of it, and end-of-world bunker-type blogs all over the place have reported this snippet: Skol, the goldbugs are all set for this..
I had a quick look on google, and it appears unlikely that recent ice melt has had any major effect on earthquake frequency, as the earth's core is much heavier and thicker than the oceans. The earth is still rebounding from the major retreat of much wider glaciation. Makes you wonder though.Quote:
A British government report says major disasters like the Japanese earthquake and tsunami or Pakistan's floods are likely to become more frequent and global governments must prepare for an uncertain future.
The author Paddy Ashdown, a House of Lords member and ex-United Nations high representative to Bosnia and Herzegovina, said rich nations must help poorer countries to build up their defences against disasters. The report was issued on Monday by the international development ministry. Ashdown said a lack of prior support for Haiti and Pakistan had worsened the impact of recent events there.
He said scientists believe that recent natural disasters were not an aberration, but "the beginnings of a new kind of future in which mega-disasters are going to be more frequent."
© 2011 AP
Hi Skol, being a Goldbug is fairly easy at the moment. There is the terrible state of the US$ (see below) and prices on many goods going up (inflation), while there are still some nasty-looking civil wars going on that threaten oil supplies.
The US dollar is being allowed to slide by the FED. Over the last 12 months it has dropped 16% in value against its peak, and doesn't look like levelling off yet. Who cares about saving a few billion in the US budget, when so far the real value of trillions of debt has been reduced by an average of perhaps 10%? However, if the value of the US$ was to improve, that debt would reappear wouldn't it?
As many Americans twiddle their thumbs with no manufacturing work around, and wonder why it all had to go to Asian lower-wage economies, we have to think hard about that here in NZ too.
The gold price is highly correlated with the per-capita income in emerging Asian economies, which is (surprise, surprise) increasing. This must be a paid-for report, cannot dig the source up anywhere..
Gold to the moon. Latest update to the "Gold buys the Dow" chart, it's right on target.
Here is another moment in history, gold passes US$1500 per ounce.
The US$ slide resumes, more trouble with the budgets. I can't help thinking that trimming back on everything is the wrong way to go for the USA. They should focus their entire spare resources on cheaper (zero carbon) energy sources. They got rich on cheap energy, and they could be leaders in that again.
With a few exceptions gold and silver shares languish. Why is that?
Gold and silver almost exponential but the shares can't get off the grid, maybe they know something you don't.
Skol, fair point. Although gold moving from 1320 to 1500 is only a 13% increase, mining shares should be leveraged to that. Their costs have often gone up, and some (like the previous market darling OGC) have taken the opportunity to get their shareholders to fund expansion. It's not just the share price you need to look at, to be fair, but the EV or Mcap. Maybe those have responded better.
US$Gold is not exponential, it's following it's 10-year trendline. Looking to some smaller shares for better responses at the mo. Cheers.
And the fact that most ASX gold/silver producers sell gold in AUD --current AUD gold price=$1410 actually a good few dollars of it high of last year
the USD is falling
But I do believe even at 1400oz AUD ASX goldies are well undervalued
NAV for one producers enough gold to gross cashflow their entire market value within 210 days
NAV should be raking it in...but still thin margins.
Gross cashflow? Do you mean revenue? I don't think most care about gross cashflow...they're interested in actual cashflow.
Golds going strong, but the AUD is also going strong.