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  #301  
Old 22.08.2011, 22:31
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Re: Gold Buying

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According to this graph the gold price is now over 48K CHF/kilo, thank you SNB....
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  #302  
Old 23.08.2011, 11:03
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Re: Gold Buying

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I sold my silver on Friday and my gold today. Now looking for something different to invest in...
did you find it?
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  #303  
Old 24.08.2011, 21:09
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So gold just fell of a cliff & nobody had anything to say! $1763 down over 5 %
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  #304  
Old 24.08.2011, 21:44
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Re: Gold Buying

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So gold just fell of a cliff & nobody had anything to say! $1763 down over 5 %
I think Obama said something
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  #305  
Old 24.08.2011, 21:58
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Re: Gold Buying

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So gold just fell of a cliff & nobody had anything to say! $1763 down over 5 %
GLD is down 3.78% so far today. GLD is an ETF that closely follows the spot price.

http://stockcharts.com/h-sc/ui?s=GLD...d=p25542587791

Horribly overbought. Correction was due.

Next support is at $168 to $170.
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  #306  
Old 25.08.2011, 00:09
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Re: Gold Buying

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So gold just fell of a cliff & nobody had anything to say! $1763 down over 5 %
Probably just profit taking; likely long term trend is still up. The underlying driving factors are unchanged.
Gold rose 6% last week so a 5% fall does not take it back more than a few days.
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  #307  
Old 25.08.2011, 07:24
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Re: Gold Buying

James Turk talking to Egon von Greyerz, of Matterhorn Asset Management about gold, the Euro and Switzerland among other items.
I found this to be a useful conversation.

http://www.youtube.com/watch?feature...&v=w4orbhaCXKE
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  #308  
Old 25.08.2011, 10:54
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Probably just profit taking; likely long term trend is still up. The underlying driving factors are unchanged.
Gold rose 6% last week so a 5% fall does not take it back more than a few days.
Above $850 many mothballed mines will be reopened, the amount of gold above ground could double, the share price of mines has not risen very much indicating a long term price below $850.
Fun times ahead, any big falls will shake out the mama & papa investors , just as it always does on the stock Market . Buy high sell cheap is the small investors motto, they just follow trends & will always loose.
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  #309  
Old 25.08.2011, 11:34
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Re: Gold Buying

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did you find it?
yup. i bought a house in switzerland with 10 year fixed debt. not sure the fix is long enough, but hoping that the SNB inflationary policies will erode a big portion of the debt -it's a bit of a gamble. since it's a big investment, i don't need to actively look for investments to stash money. project will payback the initial investment after 6 years so not too bad.
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  #310  
Old 25.08.2011, 11:52
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Re: Gold Buying

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Above $850 many mothballed mines will be reopened, the amount of gold above ground could double, the share price of mines has not risen very much indicating a long term price below $850.
Fun times ahead, any big falls will shake out the mama & papa investors , just as it always does on the stock Market . Buy high sell cheap is the small investors motto, they just follow trends & will always loose.
Something tells me the gold miners will not double the amount of gold above ground quite as quickly as the printers will double the amount of fiat currency. In which case the price of gold should still rise.
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  #311  
Old 25.08.2011, 12:41
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Re: Gold Buying

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Something tells me the gold miners will not double the amount of gold above ground quite as quickly as the printers will double the amount of fiat currency. In which case the price of gold should still rise.
it took an long time to get the current gold we have above ground and that was the low hanging fruit. i think it would take a long time to double the amount of mined gold.
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  #312  
Old 25.08.2011, 12:55
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Re: Gold Buying

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it took an long time to get the current gold we have above ground and that was the low hanging fruit. i think it would take a long time to double the amount of mined gold.
On this subject: a quote from Prof. Antal Feteke - May 30 2007
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The total amount of gold going into private hands for the entire 56-year period 1950-2007 was approximately $90,000m, an amount greater than all the gold produced in history before 1950.
This is unprecedented, both as to its magnitude and its speed. The lack of interest about the identity and intentions of the owners of this wealth is in itself a subject worthy of investigation.

Last edited by spalebärg; 25.08.2011 at 13:15.
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  #313  
Old 25.08.2011, 14:31
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it took an long time to get the current gold we have above ground and that was the low hanging fruit. i think it would take a long time to double the amount of mined gold.
Well for 25 of the last 30 years the price to extract gold exceeded it's sale price in most cases so very little was mined . The higher the price goes up the quicker the supply will be increased, it's not that rare just expensive to mine & costs money to hold. Quite why anybody would pay more than it costs to produce is a mystery, same as why Swiss cars are worth more !
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  #314  
Old 26.08.2011, 11:39
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Re: Gold Buying

The World's Press: "The gold bubble has finally burst"

Yeah, like screw your heads back on you Charlies.

Here's today's Chart of the Day....
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gold-buying-chart_of_the_day_260811.jpg  
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  #315  
Old 26.08.2011, 11:52
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Re: Gold Buying

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Above $850 many mothballed mines will be reopened, the amount of gold above ground could double, the share price of mines has not risen very much indicating a long term price below $850.
Fun times ahead, any big falls will shake out the mama & papa investors , just as it always does on the stock Market . Buy high sell cheap is the small investors motto, they just follow trends & will always loose.
Even if the production could be doubled from todays level (which is the highest production level for many years) it would take 30 years to double the amount of gold above ground
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  #316  
Old 26.08.2011, 11:54
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Re: Gold Buying



CHF version
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  #317  
Old 26.08.2011, 15:16
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Re: Gold Buying

The World's investment experts say: "Gold is not a good long term investment.

Reality: Even in the recent past, since 1970, gold has risen from $35 to nearly $1,900 for a compounded return of 10.5% pa - beating any other standard investment class by leaps and bounds.
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  #318  
Old 26.08.2011, 15:59
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Re: Gold Buying

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The World's investment experts say: "Gold is not a good long term investment.

Reality: Even in the recent past, since 1970, gold has risen from $35 to nearly $1,900 for a compounded return of 10.5% pa - beating any other standard investment class by leaps and bounds.
If you had bought 10 years later, when the price was $700 you would not be so happy.

London property has produced 10.5% (and better if you had a big house) compound since 1960.
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  #319  
Old 26.08.2011, 16:01
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Re: Gold Buying

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If you had bought 10 years later, when the price was $700 you would not be so happy.

London property has produced 10.5% (and better if you had a big house) compound since 1960.
A big house would've needed refurbishing if bought in 1960... gold needs no maintenance
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  #320  
Old 26.08.2011, 16:02
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Re: Gold Buying

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A big house would've needed refurbishing if bought in 1960... gold needs no maintenance
And that was my 100th post!!
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