The HUI is sitting at a recent low. According to the share Guru at work, this is exactly the time to buy. Not when I normally do, which is at the peak. Mind you, the guru is into cash at the moment. What do you think, JB?
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The HUI is sitting at a recent low. According to the share Guru at work, this is exactly the time to buy. Not when I normally do, which is at the peak. Mind you, the guru is into cash at the moment. What do you think, JB?
The financial forecasters don't think much of your chances EZ.
www.forecasts.org/gold.htm
In the USA the FBI says $1.6 billion worth of precious metals was stolen in 2010, up 51% from 2005. Metal detectors are a worry apparently, and only 4.2% was recovered.
The goldbugs don't trust banks so are getting their PM stolen instead.
From today's Herald:
'Bubbles attract riff-raff. There are those who look to make money out of the latest investment fad. They can spot a quick dollar.
Currently it's gold. When property was the in thing, these people were offering to find property, manage it, teach or mentor you about property investing.'
More than a few goldmugs getting cleaned out by the looks of things.
And:
'If you're simply buying gold or precious metals bars that are delivered immediately, your risk isn't too great, the market may fall, but you can hold the gold until it regains its value.'
That should be around 2034 according to one TA guy, so as long as you're under about 50 you'll be OK, otherwise someone else is gonna get to spend it.
(If they can find it, maybe someone else found it first. LOL)
2034 according to one TA guy??
Oh well, it must be right then :scared:
And you think the 'Gold to $5000' posts are ridiculous?
In wouldn't say it was far-fetched at all, it's got a lot more credibility than HOPING gold will go to $5000. Silver/gold, same thing.
http://www.minyanville.com/businessm.../2011/id/33830
If you read the comments underneath, it's all the same yadda, yadda, yadda you get from JBMurc, except so far the article's right.
Both articles make sense to me, but not to goldmugs I guess.
http://www.minyanville.com/businessm.../2011/id/33532
Again, comments underneath amount to the, 'it's different this time" philosophy. Let's see.
I've been reading this thread for a while. I have nothing useful to add... except that I'm with Skol.
(Someone has to be!) :)
yeah skol can't work out their different just there going to crash an burn because it's happen in recent past an that means it will happen again as nothings ever different the fact that all world currencies are now fiat for the first timein history means nothing as well as some of the biggest monetry leverage systems mankind has ever come up with will also mean nothing because back in the early seventies gold crashed LOL ..
Lizard yankiwi get on board worth a laugh