Thread: Gold Buying
View Single Post
  #67  
Old 18.09.2010, 21:16
marton's Avatar
marton marton is offline
Forum Legend
 
Join Date: May 2008
Location: Kt. Zürich
Posts: 10,554
Groaned at 470 Times in 403 Posts
Thanked 19,349 Times in 10,216 Posts
marton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond reputemarton has a reputation beyond repute
Re: Gold Buying

Quote:
View Post
Just looking at this thread I started in July 2009.
I wish I hadn't thought that I needed the cash to start a business (which I haven't done either) and had bought the gold.

Today it is close to US$1,300 and this was an item on CNBC.

http://www.cnbc.com/id/15840232?video=1593393251&play=1

I still think the only way to hold it is physically and not with bits of paper (ETAs)

Anyone have views on Gold at the moment?
Today in the Press; "Michael Lewis, head of commodities research at Deutsche Bank, said the rally had “further to run”, forecasting that bullion could hit $1,600 an ounce in two years, “given favourable interest rate and exchange rate trends and the appearance of new sources of demand for gold from both the private and public sectors”."

No idea if he is correct
Reply With Quote