Hi Skol, I just re-read your first post on this thread from 31/12/09. POG then was about $us1100. Today holding above $us1200. I can't remember the details of your bet with JB but at half way through the year my money is on JB.
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Hi Skol, I just re-read your first post on this thread from 31/12/09. POG then was about $us1100. Today holding above $us1200. I can't remember the details of your bet with JB but at half way through the year my money is on JB.
Yep, interesting video clip. I can see why they had Mr Faber on, probably always good for some theatre, but at the same time he makes you consider your options. Not a fan of the politicians is he? But I'm more upset by those running the financial sector, they need controlling. All this money grubbing for what? to buy toys and "stuff" we don't really need past a certain point.
Financial safety and certainty is important, so those who like to hold precious metals, fair enough. It'd be a sad commentary on us all if that's the best we can do for security in these times.
In the last 5 years POG in NZD has gone up 23% pa compound. Same story in Euros. USD, Swiss Francs and Indian Rupees around 21% pa compound. Gold has been and continues to be a very good investment. When that changes, time to sell. Until then, ride the trend as one should always do if you wish to succeed as an investor.
Yep well that's whats the smart ones do other's live in the past an can't see the obvious devalue of major fiat currency's because of their failed economic systems of money printing to solve excess debt levels of easy credit
GOLD is the world's reserve currency has been for many hundreds of years an will continue to be respected by all nations as real wealth
AUD- GOLD smashes $1500oz up $48oz!!! to $1530 .........
JB Are you aware of all the mortgage defaults in the US about to happen from now till 2012. A decreasing of the credit (fiat currency) supply, not increasing.
http://blogs.moneyandmarkets.com/red...gage-reset.gif
When gold goes up it's rah, rah, rah, told you so, when gold goes down a deathly pall settles on this thread.